CNN 5 Things Wholesale inflation up, West Bank settlement plan, ‘Baby Shark’ court battle & more
Aug 14, 2025
Rising wholesale inflation raises concerns for the U.S. economy, hinting at potential shifts for consumers. A pivotal U.S.-Russia summit approaches, stirring geopolitical tensions. In Israel, a contentious settlement plan for the West Bank is on the table. In the U.S., some rural emergency rooms may operate without doctors, igniting debates on healthcare access. Meanwhile, a courtroom showdown over the beloved children's song 'Baby Shark' reaches South Korea's highest court, blending legal drama with a touch of humor from political discourse.
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Rising Wholesale Inflation Signals Consumer Pain
- Wholesale inflation (PPI) jumped 0.9% in July, well above expectations, signaling upstream price pressures.
- Businesses facing higher costs may pass them to consumers, implying future retail inflation risk.
Tariffs Are Pushing Costs Down the Chain
- Economists link higher wholesale costs to pricey tariffs that businesses have partly absorbed.
- As firms stop absorbing costs, consumers are likely to face higher prices down the line.
Trump-Putin Summit Uncertain But High-Profile
- President Trump will hold a joint news conference with Vladimir Putin after their Alaska summit, but he warned of a 25% chance of failure.
- Putin framed talks as sincere efforts to reduce hostilities and seek long-term peace conditions.