Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed.The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared to the Dow Jones estimate for a 0.2% gain. It was the biggest monthly gain since June 2022.Excluding food and energy prices, core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022.On an annual basis, headline…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTransportation Secretary and Acting NASA Administrator Sean Duffy joins ‘Squawk Box’ to discuss upgrades to air traffic control system, increasing the number of air traffic controllers, his thoughts on the job performance of his predecessor, enabling competition in the commercial space industry, and more. Source link
Hello, this is Amala Balakrishner, writing from Singapore. This week, I look at how India’s wealthy are anchoring their fortunes in real estate. Enjoy!This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here. SHOWTIMES:U.S.: Sunday-Thursday, 23:00-0000 ETAsia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India Europe: Monday-Friday,…
Sunrun has more room to run, according to Wells Fargo. Analyst Michael Blum reiterated his overweight rating on the solar panel maker and lifted his price target by $6 to $14. That implies roughly 28% potential upside ahead for Sunrun shares, which have gained more than 18% this year. According to Blum, Sunrun’s cash generation outlook has stayed strong after the One Big Beautiful Bill Act, the wide-ranging legislation introduced by the Trump administration that cut tax incentives and policy support for renewable energy and clean infrastructure. He continues to view the stock as a top pick in the residential…
An employee works inside a textile mill at Bhilwara in India’s Rajasthan state, on July 6, 2025. Himanshu Sharma | Afp | Getty ImagesCredit rating agency S&P Global upgraded India’s long-term unsolicited sovereign credit ratings to “BBB” from “BBB-” on Thursday, citing economic resilience and sustained fiscal consolidation.The agency had revised the outlook on India’s rating in May last year to positive from stable on robust growth and improved quality of government expenditure.”The upgrade of India reflects its buoyant economic growth, against the backdrop of an enhanced monetary policy environment that anchors inflationary expectations,” the rating agency said in a…
Shares of Li Auto could be under pressure as the company faces tough competition, according to JPMorgan. Analyst Nick Lai downgraded the Chinese electric vehicle company to neutral from overweight and lowered his price target by $5 to $28. His new target suggests the stock — which is up 3.8% year to date —still has 12.4% potential upside from Wednesday’s close. “We revise down Li’s 2025/26 volume and earnings estimates by ~10-20%, largely to reflect intensifying competitive dynamics facing Li’s BEV business,” Lai said, adding that the stock is “fairly valued at current levels” in his view. Behind Lai’s downgrade…
Ann Hermes/The Christian Science Monitor via Getty ImagesEven a peanut butter and jelly sandwich is not immune to inflation’s bite.Although grocery prices cooled in July, food costs, overall, are trending higher, according to the latest consumer price index.As a result of food cost inflation, parents who pack lunches for their school-age children will pay more in the coming academic year compared with last year, a new report by Deloitte also found.For parents and other caregivers, the average daily cost of packing a lunch for school is now $6.15, according to Deloitte. That’s up 3% on average, compared with the start of the 2024 school year.”The high point of…
Goldman Sachs chairman and CEO David Solomon speaks during Goldman Sachs analyst impact fund competition at Goldman Sachs Headquarters in New York City, U.S., November 14, 2023. Brendan Mcdermid | Reuters Don’t mess with DJ D-Sol — Goldman Sachs CEO David Solomon’s stage name when he’s rocking the clubs in his other life as a DJ.U.S. President Donald Trump criticized Goldman on Tuesday for predicting that tariffs would push up inflation, and said Solomon “should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ.”In response, Goldman defended the results of its…
US Vice President JD Vance poses for a photograph with U.S. troops and families during a visit to RAF Fairford on August 13, 2025 in Fairford, England.Leon Neal | Getty Images News | Getty ImagesU.S. Vice-President JD Vance’s summer trip to the quintessentially British spot the Cotswolds has been heavily criticized by some locals — not least because of heightened security measures, including police roadblocks and check points.Earlier this week, Vance visited the area as part of a working holiday, which has also included meetings with various U.K. political leaders, such as Foreign Minister David Lammy.Thames Valley Police were “supporting…
Lillian Zhang, 25, brought in about $245,000 last year as a content creator.Courtesy of Lillian ZhangGen Zer Lillian Zhang isn’t afraid of hard work.The 25-year-old says that she works 60 to 70 hours a week, balancing a full-time job at a big technology company and working on her side hustle as a social media influencer. Today, she has over 260,000 followers across her various social media platforms where she posts career and personal finance content.Her social media side hustle alone brought in about $245,000 last year, according to documents reviewed by CNBC Make It. This income came from different sources…
