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Marketplace Minute

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Producer prices rise in April

Stocks rise; services prices push up Producer Price Index; Biden Administration announces new tariffs on certain Chinese imports; new tariffs could put pressure on prices. 

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Producer prices rise in April

Stocks rise; services prices push up Producer Price Index; Biden Administration announces new tariffs on certain Chinese imports; new tariffs could put pressure on prices. 

Inflation at the wholesale level picked up steam

The producer price index rose 0.5% in April; Stellantis forms joint venture with China’s Leapmotor; U.S. regulators launch probe of Waymo vehicles; Home Depot sales fall. 

Consumer inflation expectations pick up in April

Stocks close mixed; people’s spending and income expectations pick up; Kraft Heinz reportedly thinking about selling off Oscar Meyer; inflation data due this week. 

Uber, Lyft face civil trial over worker classifications

Massachusetts is suing asking for workers to be classified as employees; Johnson & Johnson selling off remaining stake in consumer business; TV ‘upfronts’ begin to lure advertisers; Mercedes-Benz workers in Alabama begin unionization vote. 

Consumer sentiment declines in May

Stocks close mixed; consumers worried that unemployment could rise; Biden Administration reportedly planning EV tariffs; Ford reportedly cuts back on battery orders.