Inflation at the wholesale level picked up steam
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 14 May 2024
⏱️ 1 minutes
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Summary
The producer price index rose 0.5% in April; Stellantis forms joint venture with China’s Leapmotor; U.S. regulators launch probe of Waymo vehicles; Home Depot sales fall.
Transcript
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| 0:00.0 | Wholesale inflation picked up a little steam last month. |
| 0:05.0 | I'm Novasafo with the Marketplace Minute. |
| 0:07.0 | The Labor Department says prices producers received for their goods and services increased half a percent between March and April. |
| 0:14.6 | The advance could get passed down to consumers, suggesting inflation may remain elevated |
| 0:19.3 | for now. |
| 0:20.6 | Carmaker Stellantis, which owns Chrysler, and other American brands, is forming a joint venture with a Chinese electric vehicle maker. |
| 0:28.0 | Stellantis will sell leap motor EVs in Europe. |
| 0:32.0 | The news comes as the Biden administration slaps new |
| 0:34.4 | tariffs on Chinese-made EVs and other goods. U.S. regulators are probing |
| 0:39.2 | reports of crashes involving vehicles made by the self-driving startup Weymo. It's the fourth |
| 0:44.5 | recent investigation of automated driving systems. The slowdown in home sales in |
| 0:49.6 | the first quarter weighed on the home improvement business, retailer Home Depot, recorded more than |
| 0:55.0 | $36 billion in sales but that was down for the third consecutive quarter. |
| 0:59.7 | Profit also fell. I'm Novasapo with a Marketplace Minute. |
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