Economy

Tim Cook, Elon Musk, Steve Schwarzman spotted at Xi Jinping dinner with U.S. CEOs

Apple CEO Tim Cook, Tesla chief Elon Musk and Blackstone’s Steve Schwarzman were among the guests Wednesday night at a…

The market thinks the Fed is going to start cutting rates aggressively. Investors could be in for a letdown

Markets seem to have taken this week’s positive economic data as the all-clear signal for the Federal Reserve to start…

Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020

Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation…

Here’s the inflation breakdown for October 2023 — in one chart

Inflation declined in October, continuing a broad slowdown as gasoline prices retreated during the month. However, price pressures remain under…

Inflation was flat in October from the prior month, core CPI hits two-year low

Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their…