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South Africa does not have a “strong immediate need” for a central bank digital currency (CBDC) for the time being, according to the country’s central bank. Summary South Africa’s central bank has concluded there is no strong immediate need for a retail CBDC. The central bank remains open to exploring retail CBDC use cases in … Read more
Core wholesale prices rose less than expected in September, indicating a potential cooling in pipeline inflation pressures, the Bureau of Labor Statistics reported Tuesday. The producer price index, a measure of what producers get for final demand goods and services, increased a seasonally adjusted 0.3% on the month, in line with the Dow Jones consensus … Read more
Department store chain BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) has reported mixed results for the third quarter of fiscal 2025, with sales rising about 5% and earnings per share declining 1.7% Comparable club sales increased by 1.1% year-over-year in the third quarter; comparable club sales, excluding gasoline sales, rose 1.8% At $126.3 million, membership fee … Read more
U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs higher. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3.3% from a year earlier. The numbers were … Read more
Holy guacamole, folks, have you seen what’s happening with SpartanNash (NASDAQ: SPTN) today? As of this writing, the stock is screaming higher, up a jaw-dropping 49% at $26.33, making it one of the biggest movers in the market. Why the fireworks? A massive merger announcement with C&S Wholesale Grocers that’s got investors buzzing like bees … Read more
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Customers shop for clothing at a Costco store on December 11, 2024 in Novato, California. Justin Sullivan | Getty Images A measure of wholesale prices increased less than expected in December, providing indication that pipeline inflation pressures eased to close the year. The producer price index rose just 0.2% on the month, less than the … Read more
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