The deal between the White House and Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren says.Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Trade tensions that could lead to layoffs and a pullback from consumers are at the center of the recession case.Economyread more
Microsoft and OpenAI announced a new partnership to build artificial general intelligence to tackle more complex tasks than current AI.Technologyread more
There's a reason the film industry doesn't measure the success of modern movies against those of the past — movie ticket inflation isn't an exact science.Entertainmentread more
A US judge presiding over multidistrict litigation alleging J&J's talc baby powder causes ovarian cancer starts hearing from experts Monday.Health and Scienceread more
Investors with $1 million or more in the market expect the pace of stock market gains to slow over the remainder of 2019. But these wealthy self-directed brokerage account...Investingread more
Air-conditioner maker Lennox International pointed to colder weather as a key reason for cutting guidance and underperforming in the second quarter.Marketsread more
U.S. producer prices posted a record decline in January, weighed down by plunging energy costs, pointing to very benign inflation pressures in the near term.
The Labor Department said on Wednesday its producer price index for final demand dropped 0.8 percent, the biggest drop since the revamped series started in November 2009, after falling 0.2 percent in December.
It was the third straight month of decline in the PPI.
In the 12 months through January, producer prices were unchanged, the weakest year-on-year reading since records started in November 2010, after rising 1.1 percent in December.
Economists polled by Reuters had forecast the PPI declining 0.4 percent last month and gaining 0.3 percent from a year ago.
Lower energy prices, against the backdrop of softer global demand and increased shale production in the United States, and a strengthening dollar are dampening domestic inflation prices.
The Federal Reserve, which has a 2 percent inflation target, views the tame price environment as transitory. With labor market conditions rapidly tightening, most economists expect the U.S. central bank to start raising interest rates in June.
The Fed has kept its short-term interest rate near zero since December 2008.
Wholesale energy prices tumbled a record 10.3 percent in January after sliding 6.2 percent in December. It was the seventh straight month of declines. Food prices fell 1.1 percent after falling 0.1 percent the prior month.
The volatile trade services component, which mostly reflects profit margins, rose 0.5 percent following a similar gain in December.
A key measure of underlying producer price pressures, which excludes food, energy and trade services, fell a record 0.3 percent after edging up 0.1 percent in December.
That suggests that some the energy weakness is spilling over to underlying inflation. This measure had risen 0.9 percent in the 12 months through December.