New wholesale inflation data shows huge rise

New wholesale inflation data shows huge rise – CBS News Watch CBS News New Producer Price Index data signals that inflation continues to affect wholesalers more and more. CBS News’ Kathryn Watson has more.

Trump’s arch construction could take 20 hours a day for 2-3 years, documents say

Federal officials are seeking an aggressive work schedule to construct President Trump’s triumphal arch near Arlington National Cemetery, which includes a 20-hour-a-day work schedule over two to three years, according to documents published on the Federal Register this week. The construction phase could last up to 11 months and “would require several tower cranes, forklifts, …

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Wholesale prices see biggest spike since 2022 as energy costs climb

Inflation facing U.S. businesses surged in May to its highest level since November 2022 amid higher energy prices stemming from the Iran was. The Producer Price Index, which registers inflation before it reaches consumers, soared 6.5% in May from a year ago, the Labor Department reported on Thursday. On a monthly basis, the PPI rose …

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Can debt collectors garnish your spouse’s income for your debt?

If you’re carrying unpaid debt, it’s important to know how escalating collection efforts could impact your partner. Tatiana Lavrova/Getty Images After several years of rising prices and mounting financial pressure, many Americans are finding that the debt they’ve accumulated is increasingly more expensive and, in turn, harder to manage. And numerous looming issues are adding …

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A Look at the SpaceX IPO by the Numbers

Elon Musk is all about big numbers — millions, billions, even trillions – and there are plenty of them associated with SpaceX and Musk’s plans to take the rocket maker public. The prospectus for the SpaceX stock debut shows spending at a massive scale — greater than the economic output of some countries — and …

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El Nino Conditions Are Present, US Forecaster Says

June 11 (Reuters) – El Nino conditions are present ⁠and ⁠expected to strengthen into ⁠the Northern Hemisphere winter of 2026–27, the U.S. Climate ​Prediction Center said on Thursday. The U.S. government forecaster added that El Nino ‌conditions developed over the past ‌month. • The El Nino is a phenomenon that occurs naturally, when ⁠weakening trade …

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