The collapse of cryptocurrency exchange FTX will potentially impact way more people than initially thought—including celebrities and well-known athletes. What is YouTube testing to reverse the drop in its ad revenue? Is inflation relief on the horizon? We talk to a manufacturer who may finally have some good news. One of America’s largest airlines is refunding…
NTD Business (Nov. 15): FTX Collapse Could Affect Over 1 Million People; Consumer Debt Jumps Most in 15 Years: NY Fed
Producer Prices Are Red Hot
September 14, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsinflationOpinionPPIproducer price indexproducer pricesU.S. economy
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Commentary The spin machine on inflation news has been working on overdrive. Yesterday’s CPI release revealed terrible news and that was obvious within seconds of the release. It was a shock so perhaps it is understandable that the pressure of deadlines caused major media to downplay how grim it was. First we were told it…
CPI Wednesday Delivered Very Bad News
July 13, 2022
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AnalysisBusiness & MarketsBusiness Columnistsconsumer price indexconsumer pricesCPIinflationOpinionproducer pricesrecessionU.S. economy
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Commentary Yesterday afternoon, the financial markets were roiled by an early release of the Consumer Price Index that turned out to be a fake. It looked real and markets were flooded with sellers because the number came in at 10.2 percent year over year. That would imply more extreme efforts by the Fed to crack…
Wholesale Price Inflation Stays Close to Record High, Suggesting More Inflationary Pain for Households
May 12, 2022
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Business & Economyeconomic policieseconomyinflationInvestmentMarketspersonal financeproducer pricesUncategorizedUSUS NewsWorld
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Wholesale prices in the United States eased in April but remained close to their record high hit in March, suggesting little near-term inflationary respite for American households as higher producer prices tend to get passed along to end consumers. The Producer Price Index (PPI), which tracks inflation before it hits consumers, rose by an annual…
Producer Prices Surge to Record High in Euro Area as Stagflation Risk Rises
Producer price inflation in the eurozone surged to a record high in the year through March, the European Union’s statistical agency reported, delivering a fresh sign that inflationary pressures continue to bedevil economies around the world and reinforcing concerns about stagflation. The European Union’s statistics office Eurostat said in a May 3 statement (pdf) that the euro…
Wholesale Prices Surge by Record 11.2 Percent as Inflation Woes Continue
April 13, 2022
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Business & Economyeconomic policieseconomyinflationInvestmentMarketspersonal financeproducer pricesUSUS NewsWorld
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Wholesale prices in the United States accelerated at their fastest annual pace on record in March, delivering a fresh sign that persistent inflation continues to plague the U.S. economy. The Producer Price Index (PPI), which tracks inflation before it hits consumers, rose by an annual 11.2 percent in February, the Bureau of Labor Statistics said Wednesday. That’s…
Wholesale Prices See Biggest Annual Surge on Record, Adding to Broader Inflation Woes
Wholesale prices rose at their fastest annual pace on record in November, with the newest inflation-related datapoint adding to broader concerns about the persistence of elevated prices as higher input costs for producers tend to trickle down to consumers. The Labor Department said in a Dec. 14 statement that, for the 12 months ending in…
Producer Selling Prices Hit Record High in New York as Higher Business Costs Translate Into Inflation
A Fed report on manufacturing in New York state shows that the prices received index—which measures prices manufacturers are paid for the goods they produce—rose to a record high in early November, reflecting how input cost inflation is filtering down through the supply chain and pushing up prices for end consumers. The New York Fed’s…
China’s Factory Inflation Accelerates to 26-Year High, Yet Demand Remains Weak
November 10, 2021
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Asia & PacificBusiness & EconomyChinaChina Business & Economyconsumer pricesCPIEconomiesfactory gate pricesinflationPPIproducer pricesWorld
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China’s factory gate prices rose at the fastest pace in 26 years in October, but producers have had no way to cover their costs with consumer demand remaining weak. Factory gate prices refer to the cost at which wholesalers purchase materials from producers, not considering transport and distribution fees. The producer price index (PPI) has soared…
Producer Price Increases Match Highest Annual Rise on Record, Fanning Consumer Inflation Concerns
Producer prices rose in the 12 months through October at 8.6 percent, matching the prior month’s rate—the highest since 2008—and reinforcing broader concerns about inflation as higher production costs tend to trickle down to consumers. The Labor Department said in a Nov. 9 statement that the producer price index (PPI) jumped by 8.6 percent year-over-year in…
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