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Market Extra: ‘Complicated’ inflation report produces wavering U.S. stocks, keeps higher-for-longer theme in rates intact

A less-than-straightforward August's consumer price index came in mostly in line with expectations and provided reasons for the Federal Reserve to hike again.

: Student loan payment resumption will be a ‘major financial shock’ for renters, Moody’s says

Student loan payments are expected to resume in October and will have a big impact on young renters, according to a new report.

Futures Movers: Oil prices extend rise on supply worries

Oil prices extend rise, trading at 2023 highs, after the International Energy Agency says supply cuts by Saudi Arabia will leave the market with a significant shortfall through year-end.

: Student debt is not just for the young. Older adults are also struggling to repay school loans.

People 50 and older make up 20% of all student-loan borrowers, but they owe 25% of all outstanding debt, for a total of $411 billion.

The Ratings Game: Is Apple’s iPhone 15 pricing strategy a risky bet or right for this economy?

Pricing is the hot topic yet again for Apple Inc. as the company's new iPhone 15 lineup lacked groundbreaking feature improvements.

: American Airlines cuts profit outlook amid higher fuel prices and a $230 million labor expense

American Airlines' stock dropped Wednesday after the carrier cut its profit outlook, citing higher fuel prices and a retroactive pilot pay expense.

Metals Stocks: Gold edges higher, sticks to tight range, as U.S. inflation reading shows biggest monthly climb in over a year

Gold prices trade higher on Wednesday, sticking to a tight trading range as investors digest the latest reading on U.S. inflation, which revealed the largest monthly climb in more than a year.

: This senator wants to limit all credit-card APRs to 18%, but these credit cards are already capped at 18%

'Capping the maximum credit-card interest rate is fair, common-sense and gives the working class a chance,' said Sen. Josh Hawley, a Republican from Missouri.

: Here’s the latest Social Security COLA estimate  

The estimate for 2024 is a drastic change from last year’s cost-of-living adjustment

Economic Report: CPI shows biggest increase in U.S. inflation in 14 months

U.S. consumer prices leaped 0.6% in August --- the biggest increase in 14 months -- largely because of higher oil prices. Yet Inflation more broadly was mild.

: Goldman chief David Solomon opines on IPO revival, the sale of GreenSky and the challenge of a ‘lousy’ economic environment

Goldman Sachs chief executive David Solomon says this week's ARM Holdings IPO could unleash pent-up demand if it goes well.

: Orthofix’s stock has worst day in nearly 30 years after 3 top executives are fired for ‘offensive conduct’

Orthofix Medical investors suffered their worst day in 28 years on Tuesday after the spine and orthopedics company fired three top executives "for cause."
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