ZH: Nike 'permanently' laying off 740 employees at world headquarters
ZERO HEDGE writes: US athletic footwear and apparel company Nike announced late in the cash session on ...
ZERO HEDGE writes:
After four months of re-acceleration, US producer prices tumbled in October – down 0.5% MoM, the biggest drop since April 2020. This dragged Final Demand PPI YoY down to 1.3%…
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The sharp slowdown was largely reflective of a decline in gasoline prices, as excluding food and energy, the so-called core PPI was unchanged (and the smallest annual increase since the start of 2021).
Over 80% of the decrease in goods prices was due to a 15.3% slump in the cost of gasoline, the government report.
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