US stocks sank on Friday after a measure of wholesale inflation came in hotter than expected and Block’s (XYZ) surprise shakeup turned the spotlight on AI disruption risks. The Dow Jones Industrial Average (^DJI) led the way down with a loss of 1.6%, or nearly 800 points. Meanwhile, the Nasdaq Composite (^IXIC) and S&P 500 … Read more
US wholesale inflation heated up more than expected in January, new data showed Friday. The Producer Price Index, which measures the average change in prices seen by producers and manufacturers, rose 0.5% last month, a pickup from December’s 0.4% rate, according to the latest data from the Bureau of Labor Statistics. The annual rate of … Read more
Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Tuesday, Feb. 24, 2026. Graeme Sloane | Bloomberg | Getty Images Chicago Federal Reserve President Austan Goolsbee said Tuesday that interest rate cuts aren’t … Read more
U.S. growth slowed more than expected near the end of 2025 as the government shutdown impacted spending and investment, while a key inflation metric showed high prices are still a factor for the economy, according to data released Friday. Gross domestic product rose at an annualized rate of just 1.4%, according to the Commerce Department, … Read more