The Labor Department’s August Producer Price Index shows a 0.2% increase in wholesale prices, meeting expectations, but core wholesale prices rose 0.3%, reversing a previous decrease.
Read More Core Wholesale Prices Rise in August; Fed Rate Cut Still Expected
U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers.
Read More US business activity edges lower; pricing power ebbs further
A U.S. judge temporarily blocked the launch of a new sports streaming service backed by three media giants, Walt Disney, Fox and Warner Bros Discovery.
Read More US judge delays launch of sports streaming venture from Disney, media giants
In an exclusive interview, Congressman James Comer warns PBM’s, or pharmacy benefit managers, are creating less competition in the pharmacy industry and probably should be broken up to bring drug prices down.
Read More Comer: Best Way To Lower Drug Prices ‘Bust Up The PBMs’
Costco announced on Wednesday that it will be raising its membership fees at the start of September, leading to its first price hike since 2017.
Read More Costco Increasing Membership Fees For First Time In 7 Years
The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
Read More US consumer confidence retreats slightly; house prices remain elevated