Flash floods in New Jersey left streets underwater after the weekend brought thunderstorms and relentless rain, and even caused the roof to partially collapse at a wholesale club less than 60 miles from New York City. No one was hurt in the incident. CBS News correspondent Lana Zak has the latest. Source link
Wholesale prices see biggest spike since 2022 as energy costs climb – CBS News Watch CBS News The producer price index came in much higher than expected in May, signaling that U.S. consumers may face more inflation in the coming months. CBS News’ Kelly O’Grady explains. Source link
Inflation facing U.S. businesses surged in May to its highest level since November 2022 amid higher energy prices stemming from the Iran war. 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 … Read more