Latest Wholesale industry News

US wholesale prices rose record 8.6% over 12 months

Oct. 14, 2021 10:10 AM EDT

WASHINGTON (AP) — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010. The Labor Department reported Thursday that the monthly increase in its producer price index,...

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...