News

Wholesale Inflation Spikes in July as Tariffs Hit the Economy

The producer price index for July suggests companies may be feeling the sting of inflation and consumers could be next.

Wholesale inflation much hotter than expected in July — throwing possible wrench into rate cut hopes

The Producer Price Index saw its biggest monthly gain since June 2022, the Bureau of Labor Statistics said Thursday.

US stock market opens lower on Thursday. See what caused the dip.

The stock market opened lower after data show wholesale prices jumped in July, partly due to tariffs. Jobless claims were smaller than expected.
The Financial Express35m

S&P 500, Nasdaq slip from record highs as core producer prices hit a 3-year high in July

In the early hours of trading, the Dow Jones Industrial Average dropped 31.4 points, or 0.07%, settling at 44,890.84. The S&P 500 fell by 13.1 points, or 0.20%, to 6,453.46, while the Nasdaq Composite ...
ConsumerAffairs50m

Tariffs show up in July’s Producer Price Index

The Producer Price Index (PPI) for final demand rose 0.9% in July, marking its largest monthly increase since early 2022. The ...

Stock market today: Dow, S&P 500, Nasdaq slip after PPI inflation comes in much hotter than expected

US stocks hovered around the flatline as Wall Street awaited another pulse check on inflation after Tuesday's tepid figures ...