Meat is seen for sale in a supermarket in Alhambra, California on May 12, 2026. Frederic J. Brown | AFP | Getty Images Wholesale prices in April posted their highest annual increase in more than three years, signaling more nettlesome inflation as pipeline costs intensify. The producer price index rose a seasonally adjusted 1.4% for…
The summer box office is off to a sizzling start — and it’s only getting started. Over the weekend, domestic ticket sales topped $161 million, a nearly 88% improvement over the same three-day frame in 2025. Disney and 20th Century Studio’s “The Devil Wears Prada 2” led the pack, adding $41.6 million during its second…
A man walks by the dairy section at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images New government data showing rising inflation points to a higher Social Security cost-of-living adjustment for 2027, according to new forecasts. The Social Security COLA may be 4.2% amid “sharply rising” gasoline,…
DETROIT — An ominous email about an oddly timed 15-minute virtual meeting. A scripted message from human resources. And an abrupt end to that meeting, as well as their job. That’s how General Motors employees who were laid off Monday by the Detroit automaker described their jobs being terminated to CNBC. “No appreciation or empathy….
Suspending the federal gas tax could bring down prices at the pump. But the move may not provide consumers with meaningful relief, experts say, and it could deplete a key federal fund for highway construction and maintenance. On Monday, President Donald Trump said in Oval Office remarks that he would “reduce” the tax, after saying in an…
Containers at the Port of Oakland in Oakland, California, US, on Thursday, March 26, 2026. David Paul Morris | Bloomberg | Getty Images Months after the Supreme Court ruled some tariffs were unconstitutional, the first round of tariff refunds has begun flowing in. Oshkosh Corporation CFO Matt Field confirmed to CNBC that the company has…
Carlos Barquero | Moment | Getty Images The interest rates on federal student loans are likely to slightly increase in the 2026-27 academic year, according to an exclusive analysis provided to CNBC by higher education expert Mark Kantrowitz. Federal student loan rates are typically fixed for the life of the loan. An uptick in interest rates will…
Dr. Marty Makary is out as FDA commissioner, President Donald Trump said Tuesday, ending a controversial tenure at the health agency. Makary is “a wonderful man and he’s going to be off, and the assistant, the deputy, is taking over temporarily,” Trump told reporters on Tuesday. He added, “He’s going to go on, and he’s…
A customer shops for produce in an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty Images Traders moved further away Tuesday from expecting any Federal Reserve interest rate cuts and in fact began anticipating a higher probability that the next move would be a hike. Following a hotter-than-expected inflation…
Credit card balances fell in the first quarter of 2026, decreasing by $25 billion, to $1.25 trillion, according to a new report on household debt by the Federal Reserve Bank of New York released Tuesday. Still, that’s a 5.9% jump from a year earlier. At the same time, mortgage debt, auto loans and home equity lines of credit…