Producer Price Index Rises Less Than Forecast in May
Excluding volatile food and energy prices, wholesale costs were up 0.1% from April and 3% from May 2024. (David Zalubowski/Associated Press) WASHINGTON — U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild. The Labor Department reported June 12 that its producer ...more
UK Gets Reprieve on Steel Tariff
A worker prepares to wrap cold drawn stainless steel bars at a factory in Sheffield, England. (Dominic Lipinski/Bloomberg) The U.K. ...more
Hiring Cools to Slowest Pace in Two Years, ADP Data Shows
(Nam Y. Huh/AP) Hiring decelerated to the slowest pace in two years as sectors including business services, education and health ...more
Trump: China’s Xi Is ‘Extremely Hard to Make a Deal With’
Trump and Xi at the G20 Summit in 2019. (Susan Walsh/AP) President Donald Trump said in a late-night social media ...more
US and EU Trade Negotiators Discuss Tariffs in Paris
EU Trade Commissioner Maros Sefcovic in April. (Jean-Francois Badias/Associated Press) PARIS — Europe and the United States are meeting in ...more
Ship Carrying EVs Abandoned in Pacific After Catching Fire
The Morning Midas ship on fire in the Pacific Ocean. (USCGAlaska via X) A ship carrying more than 3,000 cars ...more
Mercedes, BMW, Others Step Up Response to China Export Curbs
The body of an automobile at the Mercedes-Benz Digital Factory Campus in Berlin. (Krisztian Bocsi/Bloomberg News) Automakers in the U.S. ...more