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Producer Price Index Shows Prices Rising Much More Than Expected

Key inflation indicators were much stronger than expected in April, confirming that the pace of inflation is accelerating. The final demand producer price index, which measures the prices paid by U.S. businesses for goods and services, rose 2.2% in April, the Labor Department said Thursday. The increase was 2.2% compared to the previous year, the […]

Inflation rose to 2.2% in producer price index in April in bad news for the Fed

Inflation, as measured by the producer price index, rose to 2.2% for the year ending in April, the Bureau of Economic Analysis reported on Tuesday. April marks the third straight rise in the headline inflation rate, the opposite of the trend sought by the Federal Reserve and a warning sign for President Joe Biden. Most economists had forecast annual inflation would […]

Roger Corman, Influential Producer and King of the B Movie, Dies at 98

LOS ANGELES (AP) – Helped create low-budget classics like “Little Shop of Horrors” and “Attack of the Crab Monsters,” and many of Hollywood’s most famous actors and directors. “King of B” Roger Corman, who provided the work, took an early break and died. He was 98 years old. Mr. Corman died Thursday at his home […]

Nirvana producer Steve Albini, a pioneer of alt rock, dead at 61

Steve Albini, a pioneer of alternative rock and a legendary producer who shaped the world of music through his work with Nirvana, the Pixies, PJ Harvey and more, has died. He was 61 years old. Brian Fox, an engineer at Albini’s studio, Electrical Audio Recording, announced Wednesday that Albini died of a heart attack Tuesday […]