This story about the February 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in February as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a…
Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, mortgage buyer Freddie Mac said Thursday.Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.37% from last week’s reading of…
Amazon is signaling a major shift in how it plans to serve customers, starting with rewriting parts of its own playbook. CEO Andy Jassy released his annual letter to shareholders on Thursday, writing that the tech giant is not content to simply add artificial intelligence features to its existing retail…
Americans are facing a tale of two grocery lists. While some prices are cooling, the items families rely on most for energy and nutrition — meat and coffee — are seeing sharp increases that wipe out any savings in the bread aisle.Fourteen of the 25 most common grocery store staples…
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Oracle on Monday announced it hired a new chief financial officer after the software giant moved forward with layoffs last…
Tech giant Meta is planning to move forward with laying off about 200 employees in the San Francisco Bay Area.…
As the conflict in Iran intensifies with no immediate end in sight, the U.S. Department of Energy is tapping further…
General Motors is planning to ramp up production of heavy-duty pickup trucks in Michigan this summer amid strong demand for…
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JPMorgan Chase CEO Jamie Dimon warned that New York City and other cities with high taxes and regulatory burdens run the risk of losing businesses and workers to locales with more hospitable business climates. Dimon released his annual letter to shareholders on Monday in conjunction…
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Americans are getting some relief from lower gasoline prices, which the latest inflation data from the Labor Department shows have declined substantially over the last year. The Bureau of Labor Statistics on Friday released the consumer price index (CPI) for January, which showed headline inflation was up 2.4% from a year ago,…
SpaceX and NASA launched a new crew Friday to the International Space Station, nearly one month after prior crew members were evacuated following a medical emergency in orbit. NASA said the SpaceX Crew-12 mission lifted off at 5:15 a.m. from the Cape Canaveral Space Force Station in Florida. “The spacecraft will…
This story on the January 2026 CPI inflation report is developing and will be updated with more details. Inflation remained elevated in January as the pace of consumer price growth stayed above the Federal Reserve’s target rate as policymakers weigh affordability concerns.The Bureau of Labor Statistics on Friday said that…
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