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Prices for wholesale goods and services fell sharply in December, providing another sign that inflation, while still high, is beginning to ease. The producer price index, which measures final demand prices across hundreds of categories, declined 0.5% for the month, the Labor Department reported Wednesday. Economists surveyed by Dow Jones …

Bank of America Chief Executive Brian Moynihan said Wednesday that current efforts to produce a set of official global standards on ESG issues were vital to “align capitalism with what society wants from it.” Asked by CNBC’s Karen Tso at the World Economic Forum in Davos whether stakeholder capitalism needed …

The Bund in Shanghai, China, on Oct. 17, 2022. China’s gross domestic product grew 3% in 2022, less than half of 2021’s rate. Qilai Shen | Bloomberg | Getty Images China’s economy looks poised for a rebound in 2023, but a lot depends on one variable — the consumer, said investment …

Despite news of layoffs and hiring freezes, employees in Asia will be more confident in their abilities — and more ready for a job switch than last year, according to LinkedIn.  This is based on the latest findings from LinkedIn’s Workforce Confidence Index research conducted among more than 4,000 employees …

Elon Musk Twitter page seen on mobile with his poll to step down as head of Twitter Jonathan Raa | Nurphoto | Getty Images   Twitter is auctioning off espresso machines, kegerators, computers, and even oversized neon displays with the company’s logo as the social messaging service reportedly has fallen …

CNBC’s Jim Cramer told investors not to discard their traditional, steady stocks after Tuesday’s trading session. “It is so easy to panic out of stocks on the first sign of weakness,” he said, adding, “I’m urging the opposite.” The Dow Jones Industrial Average and S&P 500 fell on Tuesday on …

Even with broad availability of free checking services, more than a quarter of checking account holders — 27% — are paying fees every month. For consumers who aren’t taking advantage of free checking, those fees add up to an average of $24 per month, or $288 per year, according to …

Silverkblack | Istock | Getty Images In the new student loan repayment plan proposal rolled out Jan. 10 by the Biden administration, more borrowers could see their monthly payments drop to $0. The new option revises one of the four existing income-driven repayment plans, which cap borrowers’ bills at a …

Actors Idris Elba and Sabrina Dhowre Elba say their parents were driving forces behind their own activism today, which focuses on food security. Idris Elba was inspired by his father’s work in the Ford union and the stories he would tell him about it, where he worked for many years. …

Peopleimages | Istock | Getty Images Whether you’re leaving your job by choice or not, don’t forget about your 401(k) plan. As workers continue quitting their jobs at an elevated rate and some companies embark on layoffs — including Amazon, Salesforce and Goldman Sachs — there’s a good chance some …