Latest Wholesale industry News

US producer prices jump an unprecedented 8.3% in August

Sep. 10, 2021 09:10 AM EDT

WASHINGTON (AP) — Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010. The Labor Department reported Friday that its producer price index — which...

Federal regulators issue cease-and-desist order to Iowa bank

Sep. 01, 2021 13:03 PM EDT

DES MOINES, Iowa (AP) — Federal bank regulators have issued a cease-and-desist order to an Iowa bank accused of risky practices that threaten the stability of the 113-year-old, family-owned bank. The Federal Deposit Insurance Corp. has ordered Luana Savings Bank to...

Back-to-back price hikes, wholesale costs up 1% in July

Aug. 12, 2021 10:26 AM EDT

WASHINGTON (AP) — Inflation at the wholesale level jumped a higher-than-expected 1% in July, matching the rise from the previous month, and dimming hopes that the upward trajectory of prices would begin to slow. Prices at the wholesale level over the past 12 months are...

Mexico sues US gun manufacturers over arms trafficking toll

Aug. 04, 2021 17:24 PM EDT

MEXICO CITY (AP) — The Mexican government sued United States gun manufacturers and distributors Wednesday in U.S. federal court, arguing that their negligent and illegal commercial practices have unleashed tremendous bloodshed in Mexico. The unusual lawsuit was filed in...

‘Affecting everything’: COVID-19 cracks the tea cup, too

Jul. 17, 2021 10:21 AM EDT

PITTSBURGH (AP) — Margaret Harris has stockpiled $50,000 worth of tea in her basement. Ms. Harris, owner of Blue Monkey Tea Co. in Squirrel Hill, has been in the tea business for 20 years. In March 2020, as the pandemic hit, she realized there were going to be supply...

Wholesale inflation over past year jumps by record amount

Jul. 14, 2021 09:28 AM EDT

WASHINGTON (AP) — Inflation at the wholesale level jumped 1% in June, pushing price gains over the past 12 months up by a record 7.3%. The Labor Department reported Wednesday that the June increase in its producer price index, which measures inflation pressures before...

Job openings, consumer borrowing, wholesale inventories

Jul. 06, 2021 06:01 AM EDT

A look at some of the key business events and economic indicators upcoming this week: HELP WANTED The number of job openings is rising as more businesses that closed due to the pandemic reopen. U.S. employers advertised a record...

TailBangers dog treat business growing in Delaware

Jul. 04, 2021 09:05 AM EDT

MILLSBORO, Del. (AP) — It was by all accounts a rather humble beginning. About 19 years ago, dog lover Lisa St. Clair — from a shed in the backyard of her rural Hollyville Road home outside of Millsboro — began making homemade dog treats for her sick pup. ...