Surging prices: Key measure of inflation posts biggest 12-month jump on record
CNN
US wholesale prices posted the biggest 12-month increase on record.
That's the bad news. But the US economy offered some rare good news on inflation Wednesday, too: Costs didn't rise as much in June as they did in May, raising hopes that prices could be leveling off or even retreating in some cases. The producer price index measures prices paid by businesses, rather than consumers. Any increases typically are passed onto consumers at the retail level. Wholesale price increases have fed growing concerns about inflation as the economy tries to return to normal.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Emerging from a highly anticipated classified briefing on Thursday, Democratic and Republican senators were not in agreement over exactly how much US strikes on Iran set back that country’s nuclear program.
CNN’s 5 Things AM brings you the news you need to know every morning.
Idaho State Police have issued an Amber Alert for two missing teenagers, who are believed to be headed to a Fundamentalist Church of Jesus Christ of Latter-Day Saints group in Mendon, Utah.
Here’s a timeline of some of the notable pre-trial hearings and decisions in the quadruple murder trial against Bryan Kohberger.
Andrew Cuomo will not drop out of the New York City mayoral race by the Friday deadline to remove himself from the general election ballot, CNN has learned. That leaves in place contingency plans he had established before the Democratic primary to challenge Zohran Mamdani and incumbent Mayor Eric Adams in November.
Former US Rep. Carolyn McCarthy, who successfully ran for Congress in 1996 as a crusader for gun control after a mass shooting on a New York commuter train left her husband dead and her son severely wounded, has died. She was 81.
The American Meteor Society has received numerous reports of a fireball over the US Southeast on Thursday afternoon – reports that are logged on its website.
Courtney Leader has been closely following the contentious tax-and-spending debate in Washington – not that she cares much for politics, but because she believes the proposed Medicaid cuts are a matter of life or death for her daughter.
The Trump administration plans to deport Kilmar Abrego Garcia to a “third country” eventually, meaning not El Salvador, where he is from and was mistakenly sent back to earlier this year.
Illinois Gov. JB Pritzker announced Thursday that he would run for a third term in 2026, amid speculation over his ambitions for the 2028 presidential race, with the release of a campaign launch video featuring sharp criticism of President Donald Trump.
The Trump administration has discussed possibly helping Iran access as much as $30 billion to build a civilian-energy-producing nuclear program, sources say.
The timeline to pass President Donald Trump’s sweeping domestic policy bill by July 4 could slip as Republican lawmakers scramble to retool their bill to meet Senate rules and garner enough support in a deeply divided GOP conference.
The Supreme Court will hand down its final decisions of the term on Friday, including an expected high-profile ruling on whether President Donald Trump may enforce his divisive executive order curtailing birthright citizenship.