Economy
Image
US wholesale inflation increased in June suggesting some price pressures remain high
That is the sharpest year-over-year increase since March of last year. It is happening as other indicators show that inflation has continued to ease.
Image
Inflation rate for June 0.1% less than previous month, annual rate now 3%, Labor Department
The slightly lower rates could be a sign for the Federal Reserve to cut its interest rate.
Image
Increased air travel has not resulted in increased airline profits
Airlines move to save money after an increase in air travel lacks profits.