US PPI rises by more than expected; annual producer price rise highest in 3 years

US annual wholesale inflation accelerated to its highest level in more than three years in May, though underlying price pressures remained relatively contained.Data released Thursday by the Bureau of Labor…

Shelly Davidson Shelly Davidson

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Dow gains as Nasdaq slides on chip selloff, SpaceX IPO concerns

Technology stocks dragged Wall Street lower on Tuesday as a rebound in semiconductor shares lost momentum, while investors weighed renewed geopolitical uncertainty in the Middle…

Ronald Dupree Ronald Dupree

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