Former Deputy Treasury Secretary Michael Faulkender analyzes the August CPI report as consumer prices rise 3.4% annually and weighs whether the Fed should hike rates on 'The Bottom Line.'

Hotter-than-expected ​inflation readings will give little comfort to the majority of U.S. central bankers who have been counting on ‌price pressures easing on their own, and set the table for an interest-rate hike next week.

Friday’s inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its short-term interest rate next week,

September Fed rate-hike bets surge after hottish August CPI as investors weigh whether Fed Chair Kevin Warsh will deliver more than one increase, in any.

The move upset Unifor, which has urged the company to reopen and invest in the facility. Unifor said it was at an impasse in contract talks.

Unifor and Stellantis have hit an impasse after 10 days of bargaining over the future of the Brampton Assembly Plant, with talks paused as the Sept. 11 deadline passes and uncertainty looming for Windsor and Etobicoke plans alongside a possible Brampton closure or sale to a third party.

The future of one of Ontario’s best-known auto plants has taken another sharp turn. Stellantis has signed a memorandum of

Unifor and Stellantis opened 2026 bargaining in Toronto Sept. 1 with a handshake between Unifor President Lana Payne and Stellantis Canada CEO Trevor Longley. (DAVID KENNEDY/AUTOM

U.S. stocks rebounded and clawed back much of their losses for the week after oil prices eased off their recent spurt

Oil prices surged in the spring after the Iran war set off the largest oil supply shock ever recorded. The disruption catapulted United States gasoline prices above $4 a gallon and helped rekindle price increases for other everyday items,

Oil landed just short of $109 a barrel late Thursday afternoon, some $8 higher over yesterday as markets see the intractability of the US-Israel war with Iran — given Donald Trump’s inability to extract his country and Iran’s unwillingness to cede the Strait of Hormuz — as auguring poorly for energy prices going forward.

Oil prices retreated on Friday on hopes of a resumptions in negotiations, but notched sharp weekly gains after soaring above $100 a barrel.

Adobe beat Wall ​Street estimates ‌for third-quarter revenue on ​Thursday, ​as demand for ⁠its AI-integrated ​products and ​tools continued to grow.

Adobe beat Wall Street estimates for third-quarter revenue on Thursday as demand for its AI-integrated products continued to grow, but a softer-than-expected fourth-quarter outlook raised fresh questions about the software maker’s competitive position.

Gil Luria, D.A. Davidson head of technology research, joins 'Closing Bell Overtime' with reaction to Adobe and Oracle results.

Adobe posted fiscal third-quarter adjusted earnings of $6.13 per share on revenue of $6.76 billion. Analysts surveyed by FactSet were expecting earnings of $6.08 per share on revenue of $6.69 billion.

Government inflation data released Friday is pointing toward a 3.6% increase in Social Security benefits next year.

The latest forecast for Social Security’s 2027 cost-of-living adjustment offers little comfort to millions of seniors who rely on the monthly payments. The Senior Citizens League predicts Social Security’s COLA will be 3.

A history-making moment is on tap for America’s leading retirement program in 2027, courtesy of President Trump.

Social Security’s cost-of-living adjustment for 2027 could be at least 3.4%, adding about $71 to the average retiree’s monthly benefits as inflation persists. Estimates for next year’s COLA varied among analysts but were still higher than the average increase of 2.