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Wholesale prices rose 0.2% in October, less than expected, as inflation eases

Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported...
Business

PCE Inflation September 2022:

Halloween candy is for sale at a Harris Teeter grocery store on October 17, 2022 in Washington, DC.Drew Angerer | Getty ImagesAn economic...
Business

Here are the new income tax brackets for 2023

Andersen Ross | Blend Images | Getty ImagesAmid soaring inflation, the IRS on Tuesday announced higher federal income tax brackets and standard deductions...
Business

Wharton’s Jeremy Siegel on Fed rate hike ahead of Jackson Hole

Wharton business school professor Jeremy Siegel said Friday that the U.S. Federal Reserve does not need to hike more than 100 basis points...
Business

Sony raises price of PlayStation 5 console due to soaring inflation

In this photo illustration a PlayStation 5 logo seen displayed on a smartphone.Mateusz Slodkowski | SOPA Images | LightRocket via Getty ImagesSony on...
Business

Saudi Aramco profit surges 90% in second quarter amid energy price boom

An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019.Maxim Shemetov | ReutersSaudi oil giant Aramco reported...
Business

Fed expected to stick with hawkish interest rate hikes, strategists say

The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S....
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