Key Takeaways The latest Producer Price Index (PPI) report has been released, with the wholesale measure of inflation coming in slightly above expectations The PPI is widely considered to be the Fed’s preferred measure of inflation, giving then an insight as to the cost increasing facing industry before it hits…

The former chief executive of Barclays on Thursday was fined by the U.K.’s financial regulator and banned from ever having a senior executive role over his disclosures relating to Jeffrey Epstein. The Financial Conduct Authority fined Jes Staley £1.8 million ($2.2 million) and banned him from holding a senior management…

The quote “Fool me once, shame on you” is the beginning of a longer saying that goes, “Fool me once, shame on you; fool me twice, shame on me.” In essence, the quote emphasizes the importance of learning from one’s mistakes and not allowing oneself to be taken advantage of…

Higher interest rates may be painful in the short term, but banks, savers and the financial ecosystem will be better off in the long run, said Sheila Bair, former chair of the Federal Deposit Insurance Corp. “When money is free, you squander it,” Bair said in an interview with MarketWatch.…

Morocco-born vulture investor Marc Lasry and his sister Sonia Gardner have made billions buying debt and other troubled interest-bearing obligations, such as tax liens. Now they’ve set their sights on sports, looking for value in unexpected places like Major League Pickleball and the NBA’s Africa league. By Maneet Ahuja, Forbes…

J.M. Smucker Co. is tapping the investment-grade corporate bond market on Wednesday with a deal to finance its acquisition of Twinkies and HoHos maker Hostess Brands Inc. The parent to food brands including Folgers, Smuckers and Meow Mix SJM, -1.06% announced the $5.6 billion cash-and-stock deal in September. The company…

The more than 6 million-barrel weekly rise in U.S. gasoline supplies reported by the Energy Information Administration wasn’t just a surprise, but the strongest sign yet that prices for oil and its products have reached the breaking point for consumers. “Historically, high gasoline prices weigh on driving demand,” said Brian…

Oil futures on Thursday marked another finish at their lowest since august, a day after data showing a large increase in U.S. gasoline inventories sparked the biggest one-day selloff of 2023.Price action West Texas Intermediate crude for November delivery CL00, -0.38% CL.1, -0.38% CLX23, -0.38% fell $1.91, or 2.3%, to…

Oil futures climbed on Friday, but the gain did little to pare a big weekly decline as investors shifted their focus away from tightening supplies after signs a surge toward $100 a barrel was destroying demand. Stronger-than-expected U.S. jobs data released Friday led to expectations for higher interest rates, and…

Artificial intelligence is going to multiple corporate profits, yet not in the way most economists are currently predicting. Executives at Amazon.com (AMZN) announced in early June the demolition of 9 Virginia office towers. The online retailer will ultimately use the space to build new, state-of-the-art data centers. Investors should buy…