Thursday’s report from the Labor Department showed that the producer price index — which measures inflation before it reaches consumers — declined 0.5% in July.
Katherine Lee
Posted inBusiness, Nation & World, News
U.S. unemployment claims rise to 262,000; Maine claims at lowest point in 3 years
In Maine, the number of new unemployment claims and claims for continued jobless aid have fallen for months and are now at the lowest point in three years a sign of the state’s competitive labor market.
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Posted inNation & World, News
China renews Taiwan threats, island cites ‘wishful thinking’
China has renewed its threat to attack Taiwan following almost a week of war games near the island, amid international condemnation and a stinging rebuke from the self-governing democracy’s government.
Posted inNation & World, News, Politics
Biden signs bill to aid veterans exposed to toxins from burn pits
The bill signing will mark a significant achievement for Biden, who has long spoken of the country’s obligation to care for its veterans after they return home.
Posted inNation & World, News, Politics
Trump invoked Fifth Amendment hundreds of times in New York investigation
The civil investigation, led by state Attorney General Letitia James, involves allegations that Trump’s company, the Trump Organization, misstated the value of prized assets like golf courses and skyscrapers.
Posted inBusiness, Nation & World, News, Politics
Biden, suddenly on a hot streak, signs semiconductor bill as businesses boost investment
Industry CEOs who attended the signing ceremony at the White House announced roughly $50 billion in new investments.
Posted inNation & World, News
Large explosions rock Russian military air base in Crimea
It wasn’t clear whether the munitions were accidentally ignited or were hit by a Ukraine missile.
Posted inNation & World, News, Politics
Biden administration to halt controversial ‘Remain in Mexico’ program
“Remain in Mexico,” formally known as the Migration Protection Protocols Policy, or MPP, forced back more than 60,000 asylum-seekers during the Trump administration.
Posted inArts & Entertainment, Nation & World, News
Lamont Dozier, who co-wrote dozens of memorable Motown hits, dies at 81
Lamont Dozier, of the celebrated Holland-Dozier-Holland team, wrote and produced ‘You Can’t Hurry Love,’ ‘Heat Wave’ and dozens of other hits, helped make Motown an essential record company of the 1960s.
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Famed Japanese fashion designer Issey Miyake dies at 84
Issey Miyake, who built one of Japan’s biggest fashion brands and was known for his boldly sculpted pleated pieces as well as Apple CEO Steve Jobs’ black turtlenecks, has died.