wholesale prices

6 Stories

New Amazon Competitor Is Like an 'Online Costco'

Boxed was built by 10 people in 90 days with just $1M

(Newser) - Amazon.com has a new competitor to deal with this holiday shopping season—a company built in 90 days with just over $1 million in initial funding. Now six months old, Boxed "is the online Costco," Quartz reports, delivering bulk goods straight to your door within two days... More »

Four Loko Recycled Into Fuel Ethanol

Widely banned drink proves useful after all

(Newser) - With Four Loko banned in many states and being voluntarily pulled from shelves in others, there's quite a few cans of the stuff lying around in warehouses around the US. What to do with it all? Wholesalers from a number of southern states have been converting their excess stock into... More »

March Retail Sales Show Surprise 1.1% Drop

Blow to hopes that economy has hit trough

(Newser) - Retail sales fell unexpectedly in March, delivering a setback to hopes that the economy's steep slide could be bottoming out. The Commerce Department cited a 1.1% drop, the biggest decline in 3 months and a much weaker showing than the 0.3% increase that analysts expected. Falling auto sales... More »

Stocks Rise on Job, Price Data

(Newser) - Stocks climbed at the open, following jobless claims and wholesale price reports that, for once, didn’t contain any nasty surprises. The Dow was up 35 points, while the Nasdaq and S&P each rose about 0.8%. The producer-price index rose 0.8% in January, reflecting a widespread rise... More »

Losses Continue for 2nd Day

Stagflation stalks the Street; retailers post poor results

(Newser) - Stocks fell today for a second straight session as doubts about financials persisted and economic news painted gloomy outlooks on inflation and housing, MarketWatch reports. Disappointing quarterly reports from the retail sector made a bad situation worse. The Dow fell 130.84 to 11,348.55, the Nasdaq 32.62... More »

Wholesale Prices Rising at Fastest Pace Since 1981

High energy, motor vehicle costs pushing inflation; Fed may be forced to boost rates

(Newser) - Wholesale prices jumped 1.2% in July—more than twice the rate economists expected and  the fastest pace in 27 years, according to government data released today, the AP reports. Core prices, which exclude food and energy, rose 0.7%, the biggest since November 2006; new home construction in July... More »

6 Stories