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A worker walks through the warehouse at Central Steel Supply Company in Marlborough

Latest US inflation report shows a pullback in travel spending and an increase in the cost of goods

By Alicia Wallace, CNN (CNN) — US wholesale inflation was muted in June, presenting what would seem to be a better-than-expected outcome amid President Donald Trump’s hefty tariffs on global trading partners. However, a steep drop-off in travel and other services camouflaged an increase in the cost of goods. The Producer Price Index, which measures

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A worker arrives at Brazil's Companhia Siderurgica Nacional (CSN

US launches probe into Brazil’s trade practices

By John Liu, CNN (CNN) — The United States has launched an investigation into “unfair” trading practices by Brazil, escalating President Donald Trump’s spat with the world’s 10th-largest economy over issues including the criminal case against its former President Jair Bolsonaro. The investigation will focus on digital trade and electronic payment services, preferential tariffs, and

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President Donald Trump with Sen. Dave McCormick (L) and CEO of Blackstone Group Jon Gray (R) on the campus of Carnegie Mellon University in Pittsburgh on July 15.

Tech and energy giants pour billions to turn Pennsylvania into an AI hub as part of Trump’s tech push

By Lisa Eadicicco, CNN (CNN) — President Donald Trump on Tuesday announced an investment of more than $90 billion from private companies across tech, energy and finance to turn Pennsylvania into a hub for artificial intelligence — a technology that’s expected to upend everything from the economy to health care and education. The announcement was

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