Wholesale prices rose 0.9% in July, much more than expected
The producer price index was expected to a show a 0.2% increase for July, according to the Dow Jones consensus estimate.
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Economist Sumerlin confirms he’s in the running for Fed chair, backs big interest rate cut
Sumerlin said on CNBC that lowering the Fed’s key rate would be an easy decision now.
Thyssenkrupp cuts outlook as trade turmoil dents sales
Chief says industrial group is ‘very much feeling the weak market environment’ despite higher defence spending
US oil producers say Opec ‘price war’ will halt shale boom
Energy Information Administration predicts drop in American output next year as cartel’s supplies soar
Bitcoin extends summer rally to hit fresh record high
World’s biggest cryptocurrency boosted by rise of ‘bitcoin treasury’ companies and support from Trump administration
Bitcoin extends summer rally to hit record high
World’s biggest cryptocurrency boosted by rise of ‘bitcoin treasury’ companies and support from Trump administration