Wholesale inflation comes in hotter than expected as food prices surge
U.S. wholesale costs rose sharply last month, showing that price pressures remain significant in the economy even as inflation has fallen from its peak level more than two years ago. The Labor Department said Thursday that the producer price index, which tracks inflation before it reaches consumers, rose 0.4% last month from October, up from […]
Islanders make wholesale changes to spark lifeless power play
The sweeping changes to both power play units promoted by Patrick Roy on Wednesday are long overdue for an Islanders club that inherited the worst special teams in the class from a year ago and somehow regressed even further. did. This is likely just a coincidence, given that John MacLean, who led the power struggle […]
BJ’s Wholesale Club to hike membership fees for first time in 7 years
BJ's Wholesale Club membership rates will increase starting in January. BJ's Wholesale announced Thursday that the company plans to increase standard memberships in its warehouse stores to $60 a year and premium Club+ memberships to $120 starting Jan. 1. These price increases are the first in seven years and represent an increase of $5 and […]
Inflation remains stubborn as wholesale prices accelerate
U.S. wholesale prices rose last month and, although they remain low, suggest the U.S. economy has not yet fully overcome inflationary pressures. The Producer Price Index, a measure that tracks inflation before it reaches consumers, rose 0.2% from September to October, up from a 0.1% rise the previous month, according to a report released Thursday […]
Wholesale prices unchanged in September
FOX News national correspondent Brian Jenas reported on “Evening Edit” how former President Trump is berating Vice President Kamala Harris on the economy. U.S. producer prices were unchanged in September, indicating the outlook for inflation remains positive and confirming expectations that the Federal Reserve will cut interest rates again next month. The Labor Department's Bureau […]
Wholesale price figure rises unexpectedly in August
Core wholesale prices, which exclude volatile food and energy prices, rose more than expected, further dampening hopes for a 50 basis point rate cut next week. The U.S. government's producer price index, which tracks the costs of goods and services from domestic producers, rose 0.2% last month, in line with economists' expectations, according to a […]
Wholesale Inventories Rose in June, Soothing Recession Worries
U.S. wholesale inventories rose in June, driven by a second consecutive month of strong growth in auto and truck inventories. The Commerce Department said Thursday that wholesale inventories rose 0.2%, in line with economists’ expectations and the government’s preliminary estimate. Inventories increased 0.5% in May. Year-over-year wholesale inventories increased 0.1%. The economy grew at an […]
Sam’s Club members threaten to jump to Costco after wholesale giant chops key perk
Sam’s Club Plus members have about six weeks left to take advantage of the coveted perks, and they’re telling the wholesale giant they’re unhappy about losing them. The company announced in an email on June 19 that starting Aug. 19, Plus members will only receive free shipping on “eligible orders of $50 or more” placed […]
Levi’s shares drop 15% amid weakness in wholesale business
Shares of denim maker Levi Strauss & Co. fell more than 15% on Thursday after the company reported weak second-quarter earnings due to a slump in its wholesale business. Despite denim dominating the latest fashion trends, including a resurgence of the short shorts of the early 2000s, the San Francisco-based company reported that its wholesale […]
Wholesale prices post surprise drop of 0.2% for May
A key inflation gauge surprised with wholesale prices dropping 0.2%, a day after the latest Consumer Price Index showed retail prices were trending lower. The Bureau of Labor Statistics reported that the Producer Price Index, which measures the prices producers get for goods and services on the open market, fell 0.2% in May. Analysts had […]