The producer price index declined for the third straight month; Biden administration moves up student loan cancellations under new repayment plan; FAA to increase scrutiny of Boeing.
The consumer price index rose to an annual gain of 3.4%; jobless claims fell to 202,000; SEC reluctantly approves bitcoin ETFs; natural gas producers Chesapeake, Southwestern announce merger deal.
Stocks rise; interest rates will likely have to stay high for “some time”; Amazon announces layoffs in streaming and studios division; wholesalers inventories fall.
A World Economic Forum report says false and misleading information is the biggest short-term economic risk; the SEC investigates a hack of its official account on X; CES gets underway in Las Vegas.
Labor Department unveils new rules to protect gig workers, require new benefits; United, Alaska find loose bolts in Boeing 737 Max 9 planes; VW, Mercedes-Benz unveil AI-powered assistants in vehicles.