Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a U.S. Department of Labor report Friday. The producer price index, a measure of prices received by producers of domestic goods and services, rose 0.3% for the month, the biggest move since August. Economists surveyed by Dow Jones had been … Read more
Ravi Menon, managing director of Monetary Authority of Singapore, speaks during the Singapore FinTech Festival in Singapore, on Thursday, Nov. 16, 2023. The festival runs through Nov. 17. Lionel Ng | Bloomberg | Getty Images SINGAPORE — Come 2024, Singapore will pilot the live issuance and use of wholesale central bank digital currencies, said Ravi … Read more
Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed. The producer price index, which measures final-demand costs for businesses, declined 0.5% for the month, against expectations for a 0.1% increase from the Dow Jones consensus, the Labor Department reported Wednesday. … Read more
Text size Lazer brazing at Ford plant in Oakville, Ontario. Hourly workers at the plant have a new labor deal. Courtesy Ford Labor deals in the car business are possible. A deal between the United Auto Workers and the Detroit-Three auto makers might be closer than investors expect. Just look north. Ford Motor (ticker: F) … Read more
Mecho Autotech, a startup providing automotive spare components, car repairs and upkeep companies, has raised a $2.4 million pre-Sequence A spherical. The agency targets the Nigerian market, the place 90% of the nation’s greater than 12 million registered automobiles (primarily used) require common upkeep to keep away from recurring breakdowns. Its major enterprise connects car … Read more