Wholesale inflation rose 11% in April as producer prices keep accelerating
Producer prices were expected to increase 0.5% in April, according to economists surveyed by Dow Jones.
CNBC US News
Why it’s bad news for the entire market when Apple has a big drop
Apple is now officially in a bear market alongside other technology giants.
Salesforce tells employees worried about abortion access that it will help them relocate
Salesforce and other tech companies have agreed to cover costs associated with traveling in order to get abortions or other critical care.
The stocks of several electric vehicle companies surged on Thursday
Beaten-up shares of several EV start-ups traded sharply higher on Thursday.
Federal Reserve Chair Jerome Powell confirmed by Senate for a second term
The Senate on Thursday voted to give Powell a second four-year run at the central bank's helm.
Jan. 6 probe subpoenas Republican House leader Kevin McCarthy, other lawmakers allied with Trump
The select committee investigating the Jan. 6 Capitol riot subpoenaed House Republican leader Kevin McCarthy and four other Trump-allied lawmakers.
Start-up investor Jason Calacanis raising millions of dollars for Musk’s Twitter deal
Jason Calacanis, who's known for early bets on companies like Uber and Robinhood, is pulling together funds to invest in Twitter.
10-year Treasury yield pulls back as investors rotate into bonds for safety
U.S. Treasury yields fell on Thursday morning, as investors digested hotter-than-expected inflation data, released in the previous session.
GM shares hit new 52-week low following Wells Fargo downgrade
Wells Fargo lowered GM's rating after market close Wednesday to "underweight" and cut the company's price target from $74 a share to $33 a share.
Twitter's market cap has dropped to $9 billion below Musk's purchase price as concerns about deal emerge
The sell-off in Twitter has brought its market cap below $35 billion, about $9 billion below Elon Musk's offer.
McDonald's franchisees are worried the company's new grading system will alienate workers
McDonald's is rolling out a new grading system for its restaurants and tensions are boiling over for some owner-operators.
U.S. licenses key Covid vaccine technology to WHO so other countries can develop shots
The license would help the World Health Organization work with manufacturers around the world to produce their own Covid-19 vaccines.
Alphabet CEO Sundar Pichai on inflation, investing in growth and free speech on the internet
Google's Sundar Pichai signaled that a sluggish economy could present more obstacles for the internet giant, whose shares have slumped this year.
Ron Insana says this is a bear market that anyone could have seen coming
We should be calling this bear market is risk assets, "the inverse Gump," because, quite simply, we always knew what we were going to get.
Boeing considers redesigning problematic valve that has kept Starliner from flying NASA astronauts
Boeing is examining whether to redesign the propulsion valves on its Starliner crew capsule, a system has already kept the company from flying astronauts.
U.S. airline bookings dropped 17% in April as flights got even more expensive
Domestic fares continued to surpass 2019 levels due to a rebound in demand and more expensive fuel this year.
Rivian is recalling about 500 of its electric pickups for a child-safety defect
Affected vehicles may not properly disable the airbag when a child is in the front seat.
SoftBank plans to keep majority stake after Arm IPO and wants to list the firm as soon as possible
Japanese tech conglomerate SoftBank intends to keep a majority stake in U.K. chip designer Arm when it lists the company through an initial public offering.
Democratic Sen. Manchin joins GOP to block abortion rights bill that would codify Roe v. Wade
The vote to codify the Roe v. Wade abortion rights decision appeared designed more to spur enthusiasm among Democratic voters ahead of the midterm elections.
Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs
Inflation as gauged by the consumer price index was expected to rise 8.1% year over year in April, according to Dow Jones estimates.
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