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Producer prices rise a mild 0.2% in November, government says in report delayed by federal shutdown

Producer prices rise a mild 0.2% in November, government says in report delayed by federal shutdown

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By PAUL WISEMAN, Associated Press Economics Writer

WASHINGTON (AP) — U.S. wholesale prices rose modestly in November, the government said in report delayed by the federal government shutdown.

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The Labor Department reported Wednesday that its producer price index — which measures inflation before it reaches consumers — rose 0.2% in November from October and 3% from a year earlier.

The numbers are old. They were supposed to come out Dec. 11, but the report was delayed by last fall’s 43-day government shutdown. The Labor Department will put out December’s producer price index on Jan. 30; it was originally scheduled to come out Wednesday. read more

2025 US home sales stuck at 30-year low as mortgage rates, prices weighed on market

2025 US home sales stuck at 30-year low as mortgage rates, prices weighed on market

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By ALEX VEIGA, Associated Press Business Writer

The U.S. housing market slump dragged into its fourth year in 2025 as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers out of the market.

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Sales of previously occupied U.S. homes totaled 4.06 million last year, flat versus 2024, when sales sank to the lowest level since 1995, the National Association of Realtors said Wednesday. Sales have declined on annual basis every year since 2022.

The median national home price for all of last year rose 1.7% to $414,400, the NAR said. read more

Solar panels and heat pumps to be more expensive in 2026

Solar panels and heat pumps to be more expensive in 2026

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By Todd Woody, Bloomberg News

The elimination of U.S. tax credits for residential heat pumps, solar panels and batteries will make electrifying your home more expensive in 2026, and tariffs and made-in-America mandates could add additional costs.

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Just how pricey remains to be seen. New financing models could help keep some solar and battery costs in check, according to Emily Walker, director of insights at online solar marketplace EnergySage.

Here’s what you need to know.

The tax credit repeal’s impact on prices

The expiration of the 30% federal tax credit for solar and battery installations at the end of 2025 doesn’t necessarily make the equipment more costly to buy but for homeowners with a tax liability, it does end the ability to reduce or erase their tax bill. A typical solar and battery system generated tax credits worth about $10,000. read more

Wall Street slumps as bank and tech stocks fall

Wall Street slumps as bank and tech stocks fall

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By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stock indexes are falling on Wednesday following mixed profit reports from several big banks.

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The S&P 500 sank 1% and was on track for a second straight loss after setting its all-time high. The Dow Jones Industrial Average was down 248 points, or 0.5%, as of 11 a.m. Eastern time, and the Nasdaq composite was 1.5% lower.

Wells Fargo helped pull the market lower after falling 4.5%. The San Francisco-based bank reported weaker profit and revenue for the latest quarter than expected, with analysts citing lower trading fees and other miscellaneous items. read more

SpaceX aims for year’s 4th Space Coast launch today if weather cooperates

SpaceX aims for year’s 4th Space Coast launch today if weather cooperates

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SpaceX is starting to get the ball rolling on its Florida launch card with its fourth mission of the year.

A Falcon 9 on the Starlink 6-98 mission with 29 Starlink satellites is targeting liftoff at 1:08 p.m. from Cape Canaveral Space Force Station’s Space Launch Complex 40 during a launch window from 1:01-5:01 p.m.

This will be the 13th flight of the first-stage booster, which will aim for a recovery landing downrange on the droneship A Shortfall of Gravitas stationed in the Atlantic.

Space Launch Delta 45’s weather squadron forecasts only a 40% chance for good conditions because of threats from thick clouds and cumulus cloud rule violations.

“A complex weather pattern will bring periods of impactful weather to the Spaceport on Wednesday and Thursday. The boundary that pushed through central Florida on Sunday is expected to move back over the region and linger until Wednesday afternoon when the next low-pressure system pushes it eastward,” the squadron posted on its forecast.

Chances improve to 75% if delayed until Thursday. read more