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In August, the PPI for final demand services moved up 0.4% while for final demand goods fell 0.6%. The growth in the final demand services is primarily attributable to the 7% margin jump in apparel, footwear and accessories retailing. A 7.7% drop in gasoline price accounted for two-thirds of the decline in the final demand goods index.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.