GoKawiil
Tech News
A price comparison between the original 2007 iPhone and current 2026 models, including the $1,999 iPhone Duo and $1,100 iPhone Air, finds that the gap is narrower than commonly assumed. After adjusting for inflation, early carrier subsidies, and the leap in hardware capability, today's prices look less extreme relative to the original launch pricing.
After adjusting for inflation and financial aid, average net tuition for first-time, full-time in-state students at public four-year universities has fallen to under $2,000 annually. The decline marks a reversal from the steadily rising sticker prices widely associated with college costs over the past decade.
The Federal Reserve is widely expected to leave its benchmark interest rate unchanged at its policy meeting, despite inflation picking up recently amid oil and gas price spikes linked to the Iran war. The decision comes less than a week before the midterm elections, in which affordability has been a dominant voter concern. Last month the Fed raised its key rate from about 3.6% to 3.9%, its first increase in three years.
Candy prices have risen faster than overall inflation in recent years, driven largely by higher ingredient costs including a global cocoa shortage, according to US Bureau of Labor Statistics data cited in the report. The National Retail Federation projects Americans will spend over $13 billion on Halloween this year, nearly double 2015 spending, with candy remaining the top purchase for 95% of shoppers and over $4 billion expected to go toward candy alone.
The Nasdaq posted its worst weekly performance since June, falling 4.5% and ending a four-week winning streak, while the S&P 500 dropped 2%. The Dow Jones Industrial Average rose 0.7% as investors shifted toward healthcare and consumer staples. The decline accelerated after September's consumer price index rose 3.7% year-over-year and producer prices jumped 6.3% annually, the largest gain since 2022.
A new guide outlines seven practical tips for American consumers facing higher prices for housing, food, and fuel amid the ongoing cost of living crisis. The piece frames the advice as ways to not just survive but 'thrive' despite widespread affordability pressures.
The Labor Department reported that wholesale prices, measured by the producer price index, rose 6.3% in September compared with a year earlier, accelerating from August's 5.6% annual increase. The report attributed the surge largely to a sharp rise in fuel costs, exceeding economists' expectations.
CNBC's Jim Cramer said investors should resist pulling out of stocks despite a sharp selloff in which the S&P 500 fell about 1%, the Nasdaq dropped 1.9% and the Dow closed slightly lower. He cited a hotter-than-expected inflation report, swinging Treasury yields, rising oil prices tied to the Iran conflict, and mixed earnings from Morgan Stanley and ASML as evidence of the market's unpredictability.
The Department of Labor reported that the consumer price index increased 3.7% year-over-year in September, up from 3.4% in August, with monthly costs rising 0.6%, the sharpest increase in five months. Core prices, excluding food and energy, climbed 2.6% annually, up from 2.4% the prior month, driven partly by higher gas, clothing, and airfare costs.
Bank of America's third-quarter profit dropped sharply, which the bank attributed to a $1.2 billion penalty. Shares fell more than 4% in premarket trading following the earnings report. The disclosure came the same morning as new consumer price index data, the last inflation reading before the midterm elections.
Federal Reserve officials, including Chicago Fed president Austan Goolsbee, say the massive buildout of AI data centers is pushing up prices beyond tech-related industries, a shift from earlier blaming tariffs for inflation. Goolsbee described the effect as demand-driven overheating rather than limited to data center components and adjacent sectors. The comments come as the Fed raised interest rates in September and markets expect another hike this month.
A vulnerability discovered in the XRP Ledger reportedly could have let an attacker mint unlimited amounts of XRP-based tokens, effectively creating crypto out of thin air. The flaw has since been patched, and no evidence indicates it was exploited before the fix.