May PPI surged to 6.5%, but core PPI missed expectations at 4.9%, suggesting energy drove the spike rather than broad-based inflation. The Fed faces a tough choice: hike rates and risk slower growth, ...

In a turn of events, "60 Minutes" producer Nick Bilton has found himself at the center of the news. The British journalist and filmmaker, who was recently named executive producer of the CBS program, ...

Consumers Energy is seeking to sell 13 hydroelectric dams in Michigan to a private equity firm, Hull Street Energy LLC. Opponents of the sale express concern over the buyer's lack of a long-term ...

WASHINGTON (AP) — U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, the highest point in more than three years, as the Iran war pushes up energy prices and ...

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...

The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone.

WASHINGTON, May 13 (Reuters) - U.S. producer prices posted their biggest increase in four years in April, boosted by soaring costs for goods and services, the latest sign of accelerating inflation ...

WASHINGTON (AP) — U.S. wholesale inflation came in hot last month. Producer prices rose 6% from a year earlier, most since December 2022, as the 10-week Iran war pushed up energy prices and put ...

President Donald Trump’s latest Iran war pitch to American consumers: Short-term pain will bring long-term gain. But Tuesday’s ugly consumer inflation report, Wednesday’s uglier wholesale inflation ...

Sigma Foods has acquired US-based smoked meats producer Roger Wood Foods, in a deal for which financial terms were not disclosed. In a statement, the Mexican meat and dairy group said the deal ...

Consumer sentiment fell in April to the lowest level recorded in the 70-plus-year history of the University of Michigan’s survey, evidence of Americans’ concerns that the Iran war will hit the ...

A South Florida man says he is the victim of tax identity theft after someone used his name and Social Security number to file fraudulent tax returns, not just once, but for multiple years. Now, he's ...