A measure of wholesale prices rose more than expected in June as Wall Street assesses when the Federal Reserve will feel comfortable cutting interest rates.The producer price index rose 0.2% last month, the Labor Department’s Bureau of Labor Statistics reported on Friday. Economists surveyed by Dow Jones were expecting a…

Hackers stole six months’ worth of call and text message records of nearly every AT&T cellular network customer, the company said Friday.The company said in an SEC filing that it learned from an internal investigation that in April, hackers “unlawfully accessed and copied AT&T call logs” that were saved on a third-party…

Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023. That’s an unwelcome development for the US economy one day after the government announced that consumer prices declined on a monthly basis for the first time in four years. The Producer Price Index, a measurement of…

When we discuss aerospace and defense, Boeing is one of the names that quickly come to mind. On any normal day, Boeing can call itself the largest exporter in the United States. However, Boeing is definitely not going through normal times. In this report, I discuss three investment opportunities for…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.An Australian soldier and her husband have been charged with spying for Russia in the country’s first case under anti-espionage laws that were revised six years ago to strengthen penalties and identify…

President Joe Biden’s critical news conference didn’t end his reelection campaign on Thursday night. But it showed why it will be so hard for him to save it. Biden endured his latest agonizing, public test of cognition as he faces a growing torrent of calls from Democrats, worried that he’s…

The Republican party platform, orchestrated by former President Trump, is filled with promises for those it calls “our Great Seniors.” But there is little or no real policy behind most of those campaign pledges. And the document is filled with many irreconcilable contradictions. The platform will be the GOP’s election-year…

Mortgage rates increased this week, approaching nearly 7% again as rates remain stubbornly high and continue to hinder the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage climbed to 6.95% this week from 6.86% last week. The…

Many Americans plan to rely on their credit cards to finance a significant portion of their holiday travel, even if they can’t afford it, a recent survey said.  Roughly 83% plan to pay for a portion of their trip using credit cards, a new Debt.com survey said. More than a…

With the nation’s best education system and policies that give companies room — both literally and figuratively — to grow, Virginia is America’s Top State for Business in 2024.This is the Old Dominion’s sixth time at the top of CNBC’s rankings, and its third win in five years — a…