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<ul class="summary-list"><li>Indexes wavered Thursday as traders received wholesale inflation data.</li><li>The producer price index showed prices rising 0.2% last month as expected. </li></ul>Indexes traded mixed on Thursday as traders assessed new inflation data and waited for remarks from Federal Reserve Chair Jerome Powell. The S&amp;P 500 and Dow Jones Industrial Average were nearly flat, while the Nasdaq inched higher. Bond yields dipped as another tame inflation report opened the door further for another rate cut in December. The 10-year Treasury yield dipped three basis points to 4.418%. The producer price index showed whole sale prices rose 0.2% in October, the Bureau of Labor Statistics reported Thursday.The reading was in line with expectations but showed inflation remains somewhat sticky as the yearly increase came in at 2.4%. Core PPI, which excludes more volatile food and energy prices, rose 0.3% in the month and 3.1% year-over-year.Investors will tune into Fed Chair Jerome Powell's remarks at 3 p.m. ET Thursday. His comment will follow the Fed's 25 basis point interest rate cut last week, with traders listening for clues about what the path may look like after this year. Donald Trump's election win has stoked fears that inflation could rise again under his proposed policies, such as sweeping tariffs and a crackdown on immigration, which could shake the Fed from its easing path, economists say.Traders expect the central bank to cut another 25 basis points at its December meeting before pausing in January, according to CME <a target="_blank" class="" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">FedWatch tool</a>.Meanwhile, data on Thursday showed weekly jobless claims dropped to their lowest since May, falling to 217,000 last week, a 4,000 decline from the week prior.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Thursday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,984.74, down 0.01% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 43,984.72, up 0.06% (+26.53 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 19,245.86, up 0.08%</li></ul>Here's what else is going on:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-outlook-upside-blackwell-rubin-apple-iphone-moment-2024-11">Nvidia stock</a> has 25% upside as it approaches an iPhone moment with its Blackwell chip, analyst says.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/robinhood-crypto-tokens-solana-pepe-trump-coinbase-sec-2024-11">Robinhood</a> adds tokens to its platform as crypto enthusiasm surges following the election.</li><li>Stock exposure hits 11-year high as investors expect US equities to be the <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-top-performing-asset-2025-bull-rally-trump-2024-11">top-performing asset</a> in 2025, BofA survey says.</li><li><a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-outlook-stagflation-recession-inflation-gdp-growth-ukraine-war-2024-11">Russia's economy</a> is heading toward a fate worse than recession, pro-Kremlin economists say.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures rose. <a target="_blank" class="" href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> rose 1.2% to $69.27 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, rose 1.1% to $73.11 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> fell 0.7% to $2,569.10 an ounce.</li><li>The 10-year Treasury yield dipped three basis points to 4.418%.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> edged up to $91,466.</li></ul>

Stock market today: Indexes mixed as traders digest wholesale inflation and await Powell's remarks

<ul class="summary-list"><li>US stocks rose as September's wholesale price data showed cooling inflation.</li><li>The producer price index was flat, and core PPI rose less than expected in September.</li></ul>US stocks edged higher on Friday after Producer Price Index data for September came in lower than expected, signaling a continued cooling of wholesale inflation.The producer price index was flat month-over-month, below economist estimates of a 0.1% rise. Meanwhile, Core PPI rose 0.1% in September, compared to an expected rise of 0.2%.TradeStation strategist David Russell told Business Insider the data supports another interest rate cut from the Federal Reserve."CPI might have seemed hot, but PPI was not. Overall, these numbers are getting less impactful as inflation moderates. The Fed could still be on track for 25 basis points at the next two meetings. Yields have surged lately, but it's not clear they have much more reason for continued upside," Russell said.Investors are also digesting <a target="_blank" class="" href="https://www.businessinsider.com/jpmorgan-earnings-q3-jamie-dimon-economy-geopolitics-banking-wall-street-2024-10">earnings results from JPMorgan,</a> Wells Fargo, and BlackRock. All three stocks moved higher after the results, which beat analyst estimates on most fronts.JPMorgan CEO Jamie Dimon praised his bank's performance in the earnings release, but <a target="_blank" class="" href="https://www.businessinsider.com/jpmorgan-earnings-q3-jamie-dimon-economy-geopolitics-banking-wall-street-2024-10">warned that geopolitical conditions</a> are "treacherous and getting worse."Apart from earnings results, retail sales data, set to be released on October 17, <a target="_blank" class="" href="https://www.businessinsider.com/us-economy-outlook-retail-sales-no-landing-inflation-jobs-report-2024-10">is the next big data release for investors to watch.</a>Bank of America analysts expect September retail sales data to show a 0.8% surge, while consensus estimates expect just 0.2% growth.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,785.90, up 1.25% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,617.12, up 0.38% (+163 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,219.70, down 0.34% </li></ul>Here's what else is going on:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-tesla-robotaxi-cybercar-analysts-self-driving-fleet-ai-2024-10">Tesla unveiled its robotaxi in an event Thursday night, but Wall Street isn't impressed.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/chinese-carmaker-chery-russia-sanctions-west-assets-seizure-volkswagen-mercedes-2024-10">A Chinese automaker has taken over Russian plants abandoned by Volkswagen and Mercedes.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/russia-economy-moscow-china-yuan-sanctions-bank-transactions-ruble-dollar-2024-10">Russia's ruble hit its lowest level in a year against the dollar and the yuan.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil was down 0.69% to $75.33 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, was lower by 0.69% to $78.85 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was up 0.97% to $2,664.90 an ounce.</li><li>The 10-year Treasury yield was higher by 3 basis points at 4.101%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was higher by 1.78% to $61,351.</li></ul>

Stock market today: US stocks edge up after wholesale inflation comes in cool

<keyword id="20163833" type="General" weightage="100" keywordseo="Passenger-vehicle" source="keywords">Passenger vehicle</keyword> wholesales in India declined 2.5 per cent year-on-year to 3,41,510 units in July, impacted by high base effect as well as companies reducing vehicle dispatches to dealers amid moderation in demand. The overall passenger vehicle (PV) dispatches from companies to dealers stood at 3,50,355 units in July 2023, <keyword id="20081560" type="General" weightage="20" keywordseo="automobile-industry" source="keywords">automobile industry</keyword> body <keyword id="20185536" type="General" weightage="20" keywordseo="SIAM" source="keywords">SIAM</keyword> said on Wednesday. <keyword id="21653561" type="General" weightage="20" keywordseo="utility-vehicles" source="keywords">Utility vehicles</keyword> continued to drive sales of PVs, clocking 1,88,217 units last month, as against 1,80,831 units in July 2023, a growth of 4.1 per cent, as per the data issued by the Society of Indian Automobile Manufacturers (SIAM). Passenger cars, however, recorded a drop of 12 per cent at 96,652 units, as against 1,09,859 units in the same month last year. Industry observers pointed out that after high-paced growth witnessed in the past couple of years, the industry is witnessing moderation in demand. Besides, Original Equipment Manufacturers (OEMs) also undertook stock corrections in July to reduce inventory in the network. As per SIAM data, <keyword id="22783202" type="General" weightage="20" keywordseo="two-wheeler-wholesales" source="keywords">two-wheeler wholesales</keyword> grew by 12.5 per cent to 14,41,694 units last month, as compared to 12,82,054 units in July 2023. <keyword id="20067449" type="General" weightage="20" keywordseo="motorcycles" source="keywords">Motorcycles</keyword> wholesales were up 4.1 per cent at 8,50,489 units in July 2024, as against 8,17,206 units in the year-ago month, SIAM said. Scooters sales were up 29.2 per cent at 5,53,642 units last month, as against 4,28,640 units in the year-ago period. Three-wheeler wholesales also rose 5.1 per cent to 59,073 units from 56,204 units in July last year. "Though three-wheeler and two-wheeler segments are performing well, there has been some de-growth of passenger vehicles and commercial vehicles in July 2024, compared to July 2023," SIAM President Vinod Aggarwal said in a statement. He, however, said the above average rainfall coupled with upcoming festive season is likely to again propel growth in the short term. "In addition, enabling budget announcements which emphasise on overall economic growth with fiscal support for infrastructure and rural sector should augur well for the auto sector in the medium-term," Aggarwal said.

Domestic passenger vehicle wholesales dips 2.5% at 3,41,510 units in July: SIAM

Domestic passenger vehicle wholesales declined by about 2 per cent year-on-year in August as companies curtailed dispatches to reduce inventory at dealers amid a drop in demand. According to data issued by the industry body Society of Indian Automobile Manufacturers (<keyword id="20185536" type="General" weightage="20" keywordseo="SIAM" source="keywords">SIAM</keyword>), the total passenger vehicle dispatches in the domestic market stood at 3,52,921 units last month compared to 3,59,228 vehicles in August 2023, a dip of 1.8 per cent. Two-wheeler wholesales rose 9 per cent to 17,11,662 units last month against 15,66,594 units in the year-ago period, it added. Scooter dispatches last month climbed to 6,06,250 units from 5,49,290 units in August 2023, a growth of 10 per cent. Similarly, motorcycle dispatches from companies to dealers increased by 8 per cent to 10,60,866 units last month from 9,80,809 units in August 2023. The total three-wheeler sales grew 8 per cent to 69,962 units last month against 64,944 units a year ago. "Looking ahead, as the country enters the festive season, demand for vehicles is expected to grow, which will also be duly augmented by the recent announcements of PM E-DRIVE and PM-eBus Sewa Schemes of Government of India," SIAM Director General Rajesh Menon said. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/western-carriers-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113312196.cms">Western Carriers IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/stock-market/news/pn-gadgil-jewellers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113302533.cms">PN Gadgil Jewellers IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-pro-is-already-cheaper-than-the-iphone-15-pro-in-india-but-you-can-get-it-for-up-to-30000-cheaper/articleshow/113220789.cms">iPhone 16 Pro is already cheaper than the iPhone 15 Pro in India, but you can get it for up to ₹30,000 cheaper</a>

Passenger vehicle wholesales dip 2% in August as OEMs cut dispatches

<ul class="summary-list"><li>Costco is the latest warehouse club to tout its growing popularity with millennial and Gen Z shoppers.</li><li>The company said half of new sign-ups were under 40, helping to lower the club's average age.</li></ul><a target="_blank" href="https://www.businessinsider.com/gen-z-latest-hot-club-is-costco-2024-7">One of the hottest clubs</a> for millennials and Gen Z continues to be the wholesale club.Costco is the latest warehouse brand to tout its growing popularity with younger shoppers, extending a trend that has become increasingly clear over the past few months.CFO Gary Millerchip said that about half of <a target="_blank" class="" href="https://www.businessinsider.com/costco-earnings-member-id-card-scanners-entrances-good-for-business-2024-9">Costco's new sign-ups</a> this past year were under 40 — a figure that works out to some 2.5 million millennial and Gen Z households paying for memberships."This percentage has been growing since COVID-19 and has lowered the average age of our members over the last few years," Millerchip said on <a target="_blank" href="https://www.businessinsider.com/costco-hot-dog-chicken-deals-help-membership-fee-increase-2024-9">Costco's fourth-quarter earnings call</a> on Thursday.In a survey last year, roughly one in six shoppers between 18 and 35 told <a target="_blank" href="https://www.gobankingrates.com/saving-money/shopping/reasons-gen-z-loves-costco-so-much/">GoBankingRates</a> they shop at Costco, especially as they continue to reach "adulting" milestones."I admit that I did feel a little older when I became a Costco member," said Dominic Wright, a Gen Z financial planner who told the outlet he's a fan of the company's eyeglasses, contact lenses, and prescriptions.According to <a target="_blank" class="" href="https://www.placer.ai/home">Placer.ai</a> Head of Analytical Research R.J. Hottovy, younger generations are starting families and buying houses in the suburbs, which is a big driving force behind this trend."That's been one of those things I don't think has gotten enough attention," Hottovy told Business Insider.The news echoes results from Sam's Club, the Walmart-owned club store, where Gen Z membership has grown by 68% in the past two years.While Sam's Club clearly has a technological and convenience advantage over Costco, <a target="_blank" href="https://www.businessinsider.com/costco-best-warehouse-club-membership-comparison-bjs-sams-club-2023-5">the main draw of both brands</a> remains low prices on high-quality items."<a target="_blank" href="https://www.businessinsider.com/best-things-costco-for-adults-save-money-no-kids-dinks-2024-4">That generation believes it's cool to save money</a>, and we agree with them," Sam's Club CEO Chris Nicholas told CNBC in June.Nicholas' comment points to another major change: a new social attitude about scoring deals."If you think back decades ago, there was this stigma about shopping in value-oriented channels," Jefferies retail analyst Corey Tarlowe told BI. "Over time, it's kind of withered away."Astute viewers of the film "The Wolf of Wall Street" may recall Jordan Belfort's office <a target="_blank" href="https://www.youtube.com/watch?v=G6Y_yNlGujI">speech</a> in which he ridicules the idea of a failed salesman pulling up to a traffic light in a beat-up Ford Pinto with "a carload of groceries" from Price Club, which merged with Costco in 1993, around the time the scene was set."If you ever went to a TJ Maxx parking lot two decades ago, you probably saw like Nissans and Toyotas," Tarlowe added. "Now you go there and you'll still see the Nissans and Toyotas, but you'll also see BMWs and Mercedes."Indeed, while so-called store brands were once considered a trade-down from national brands, Costco's Kirkland Signature and Sam's Club's Member's Mark have won a loyal following in stores and on social media.Now it's trendy to spend a Saturday afternoon <a target="_blank" class="" href="https://www.businessinsider.com/costco-store-layouts-are-confusing-by-design-2018-3">wandering the aisles</a> of a warehouse club, munching on free samples, and stocking up on essentials — and that's great news for Costco.

Costco's members are getting younger as millennial and Gen Z shoppers flock to wholesale clubs

Mumbai: The Indian <keyword id="19949639" type="General" weightage="100" keywordseo="rupee" source="keywords">rupee</keyword> turned flat at 83.94 against the US <keyword id="19904292" type="General" weightage="20" keywordseo="dollar" source="keywords">dollar</keyword> in early trade on Friday amid concerns over elevated crude oil prices and the outflow of foreign capital from domestic <keyword id="19949641" type="General" weightage="20" keywordseo="equity-markets" source="keywords">equity markets</keyword>. However, a positive sentiment in the domestic as well as global equity markets and a weak American currency supported the rupee, <keyword id="19950258" type="General" weightage="20" keywordseo="forex" source="keywords">forex</keyword> traders said. At the interbank foreign exchange, the rupee opened at 83.93 and slipped further to trade at its previous session's closing level of 83.94 against the greenback. On Wednesday, the rupee settled 3 paise higher at 83.94 against the US dollar. The forex markets were closed on Thursday on account of the Independence Day. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally lower by 0.01 per cent at 102.80. Brent crude, the global oil benchmark, declined 0.25 per cent to USD 80.84 per barrel. On the domestic equity market front, Sensex surged 811.34 points, or 1.03 per cent, to 79,917.22 points. The broader Nifty also climbed 246.20 points, or 1.02 per cent, to 24,389.95 points. Foreign institutional investors (FIIs) were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 2,595.27 crore, according to exchange data. On the domestic macroeconomic front, <keyword id="20196568" type="General" weightage="20" keywordseo="wholesale-inflation" source="keywords">wholesale inflation</keyword> fell to a 3-month low of 2.04 per cent in July on the decline in prices of food items, especially vegetables, government data released on Wednesday showed. The latest government data released on Wednesday showed India's exports contracted 1.2 per cent to USD 33.98 billion in July, while the trade deficit widened to USD 23.5 billion.

Rupee turns flat at 83.94 against US dollar in early trade

Mumbai (Maharashtra) [India], July 31 (ANI): The <keyword id="417639" type="General" weightage="20" keywordseo="automotive-sector" source="Orion">automotive sector</keyword> is poised for a robust performance in July 2024, driven by an expected double-digit year-on-year (y/y) growth in two-wheeler (2W) <keyword id="21974415" type="General" weightage="20" keywordseo="wholesale-volumes" source="keywords">wholesale volumes</keyword>, according to a recent report by <keyword id="20548750" type="General" weightage="20" keywordseo="Anand-Rathi" source="keywords" meta.keywordsubtype="org" meta.entityname="Anand Rathi" meta.hostid="261" meta.entityid="Anand Rathi">Anand Rathi</keyword>. The surge is attributed to solid retail demand, estimated at approximately 15 per cent y/y, strategic inventory build-up, and a favourable base effect. Excluding Honda, the growth remains robust at around 14 per cent. Additionally, <keyword id="20163833" type="General" weightage="20" keywordseo="passenger-vehicle" source="keywords">passenger vehicle</keyword> (PV) volumes are likely to have increased, supported by improved retail activity and inventory accumulation. Meanwhile, sales of <keyword id="20023450" type="General" weightage="20" keywordseo="commercial-vehicles" source="keywords">commercial vehicles</keyword> (CVs) and tractors are expected to remain broadly flat. Overall, the outlook for the <keyword id="19979339" type="General" weightage="100" keywordseo="auto-sector" source="keywords">auto sector</keyword> remains positive. In the passenger vehicle (PV) segment, volumes are also expected to see an uptick, largely due to better retail performance and inventory accumulation. The report predicts a slight growth of around 3 per cent y/y for PV volumes. On the commercial vehicles (CV) front, the outlook is more mixed. The report forecasts that overall CV volumes will remain relatively flat, with a small drop of approximately 3 per cent y/y, primarily due to lower light commercial vehicle (LCV) volumes. However, there are bright spots within the segment. Volumes for VECV's CVs are expected to have risen by 15 per cent, and the medium and heavy commercial vehicle (M&amp;H CV) growth forecast has been revised upwards to high single digits from mid-single digits, driven by robust demand for buses and ongoing replacement demand. The M&amp;H CV segment is further bolstered by increased infrastructure and economic activity, as well as a favourable comparison base from Q1 and Q4 of FY24.

Auto sector poised for robust growth in July 2024 with double-digit surge in two-wheeler sales: Anand Rathi report

<keyword id="280418" type="General" weightage="100" keywordseo="Wholesale-inflation" source="Orion">Wholesale inflation</keyword> in the country surged to a 16-month high of 3.36% in June on account of rise in prices of <keyword id="21654959" type="General" weightage="20" keywordseo="food-articles" source="keywords">food articles</keyword>, especially <keyword id="19996547" type="General" weightage="20" keywordseo="vegetables" source="keywords">vegetables</keyword> and manufactured items. This was the fourth consecutive month when <keyword id="19895000" type="General" weightage="20" keywordseo="inflation" source="keywords">inflation</keyword> witnessed an upward journey. The wholesale price index (<keyword id="19936844" type="General" weightage="20" keywordseo="WPI" source="keywords">WPI</keyword>) based inflation was 2.61% in May. It was (-) 4.18% in June 2023. Wholesale inflation had touched a high of 3.85% in February 2023."Positive rate of inflation in June, 2024 is primarily due to increase in prices of food articles, manufacture of food products, crude petroleum &amp; natural gas, mineral oils, other manufacturing etc," the Ministry of Commerce &amp; Industry said in a statement on Monday. As per the data, inflation in food articles rose 10.87% cent in June, as against 9.82% in May. Inflation in vegetables was 38.76% during June, up from 32.42% in May. Onion inflation was at 93.35%, while potato was 66.37% in the month under review. Pulses inflation rose 21.64% in June. During the month, inflation in other food items like fruits stood at 10.14%, cereals at 9.27%, and milk at 3.37%. The up move in the WPI inflation in June 2024 was broad-based, driven by all the major segments except fuel and power, ICRA Chief Economist Aditi Nayar said. Looking ahead, she said, the headline WPI inflation is expected to dip to about 2% in July 2024, driven by a favourable base, as well as some cooling in global commodity prices. With regard to oil prices, she said, the average price of the Indian basket of crude oil has been quite volatile in July 2024 so far, on the back of supply-demand mismatches, witnessing a month-on-month rise (USD 86.6/bbl up to July 11). Higher crude oil prices might exert an upward pressure to the headline WPI inflation in the ongoing month, she added. In the fuel and power basket, inflation stood at 1.03%, marginally lower than 1.35% in May. However, price rise in crude petroleum &amp; natural gas was in double digit at 12.55%during the month. In manufactured products, inflation was at 1.43% in June, higher than 0.78% in May. The rise in June WPI was in line with the <keyword id="19999652" type="General" weightage="20" keywordseo="retail-inflation" source="keywords">retail inflation</keyword> data for the month. Retail inflation rose to a four-month high of 5.1% in June, data released last week showed. The <keyword id="19899810" type="General" weightage="20" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="267" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword> (<keyword id="19899808" type="General" weightage="20" keywordseo="rbi" source="keywords">RBI</keyword>) mainly takes into account retail inflation while framing the monetary policy.

WPI inflation surges to 16-month high of 3.36% in June on costlier vegetables

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/founding-history-of-costco">Costco</a> warehouses are typically supported by centralized distribution depots within 150 miles.</li><li>A fleet of truck drivers bring products from the depots to the warehouse each day.</li></ul>This as-told-to essay is based on a conversation with a Costco truck driver in Atlanta, who has requested anonymity as they are not authorized to speak with the media. The worker has shared employment details with Business Insider to verify their identity. The interview has been edited for length and clarity.I joined Costco as a truck driver last year after a few years working part-time for FedEx, and I think more warehouse and distribution employees should <a target="_blank" class="" href="https://www.businessinsider.com/costco-manager-advice-for-getting-promoted-2024-6">consider the job</a>.On a typical day, I wake up at 9 a.m., eat my breakfast, and I'm off to the gym. I get home by 11:30 or 12, make a quick lunch, and I'm off to work to clock in at 2 p.m.At work, I get my tablet and meet with my team. One of the managers will usually have a safety concern or bring something to our attention about what we can do better.After that, we walk outside to pre-check the truck. We have to look for oil leaks or damages to the truck that we might not have noticed earlier.We "jump seat," which means we all share the company trucks between morning and evening shifts.After we log into our computer system, we get our assignment for the day on a program called Samsara.For example, today I'm going from Atlanta, Georgia, to Montgomery, Alabama, and yesterday I did two local runs.We refer to the trailers as "dry box" and "wet box." Wet means frozen and refrigerated goods that have to be kept at 10 degrees or 34 degrees. Dry box is for furniture or other dry goods the store sells that don't need to be temperature-controlled.When I arrive at a warehouse, I backup to the door, drop my trailer, and head inside for my lunch break for a half hour to an hour.Sometimes I'll get something to eat from inside the store, but other days I'll bring lunch and have it in the break room.After lunch, if they haven't finished unloading the trailer I brought, I usually bring a different one back to the depot.For shorter runs, we do a "drop and hook," meaning we leave the full trailer and pick up a waiting one.Sometimes it's returned merchandise, sometimes they're empty, and sometimes it's full of the pallets that are used to <a target="_blank" class="" href="https://www.businessinsider.com/costco-forklift-driver-essential-to-success-of-warehouse-2024-6">move products in the warehouse</a>.Before departing, I enter the load information and the time into Samsara and head back to the depot, usually arriving by 10 p.m.I work the same shift Monday through Friday, but we go to different stores every day.The job requires a commercial driver's license and Costco usually wants to see three years of experience working for another reputable company. Our manager actually wants applicants to have 10 years of experience.I prefer this job over longer distance, overnight routes because I like to be home every night. It doesn't matter to me if they send me to Montgomery or Hoover, Alabama, or Greenville, South Carolina, we're typically back within an eight-hour timeframe.That's what attracts a lot of truck drivers to Costco: one is the pay, two is the benefits, and three is getting to go home every night. So I'm not complaining.If you are a Costco worker who wants to share your perspective, please <a target="_blank" href="mailto:dreuter@businessinsider.com">contact Dominick via email</a> or text/call/Signal at 646.768.4750. Responses will be kept confidential, and Business Insider strongly recommends using a personal email and a non-work device when reaching out.

A Costco trucker in Atlanta shares the best part about driving for the wholesale club

<ul class="summary-list"><li>Stocks rose Thursday after another encouraging inflation reading.</li><li>The producer price index slid 0.2% month over month against forecasts of a 0.1% decrease.</li></ul>US stocks continued their rally to record highs on Thursday after investors took in another cooler-than-expected inflation print.Stocks capped off Wednesday's session at a record, with markets pointing toward fresh all-time highs as trading kicked off on Thursday.In May, the producer price index slid 0.2% month over month against forecasts of a 0.1% decrease. According to Bloomberg, that marks the largest decline for the wholesale-inflation gauge since October. PPI rose 2.2% from a year ago."Thursday's weaker-than-expected PPI data is another sign of continued progress on inflation, and it keeps the prospect of a rate cut alive in 2024," Clark Bellin, Bellwether Wealth's chief investment officer, said.The PPI report follows similar softness in <a target="_blank" href="https://www.businessinsider.com/cpi-inflation-may-prices-rent-gas-fed-interest-rates-2024-6">Wednesday's report on the consumer price index</a> for May, which prompted hope that the Federal Reserve has room to cut interest rates this year.The 10-year Treasury yield continued its slide lower, dropping two basis points to 4.373% after a steep decline Wednesday following the cooler CPI reading.Fed officials noted progress on inflation, though interest rates were left unchanged after this week's policy meeting, with one interest-rate cut penciled in. However, investors remain more optimistic, expecting two 25-basis-point cuts, according to the <a target="_blank" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch Tool</a>.Tesla stock jumped more than 6% as <a target="_blank" href="https://x.com/elonmusk/status/1801084780035154058?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1801084780035154058%7Ctwgr%5E86fa75e74678922c3b9caf7214eae5d000d29556%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cnbc.com%2F2024%2F06%2F13%2Felon-musk-says-tesla-shareholders-likely-approved-his-56-billion-pay-deal.html">Elon Musk said on X</a> that his $56 billion compensation package was headed for shareholder approval. DealBook reported Thursday morning that Vanguard and BlackRock would vote in favor of the pay deal, giving Musk a boost from two of the world's biggest asset managers.Here's where US indexes stood at the 9:30 a.m. opening bell on Thursday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,429.86, up 0.16%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 38,566.01, down 0.38% (minus 133.22 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,692.39, up 0.48%</li></ul>Here's what else is going on today:<ul><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/gamestop-stock-profits-share-sale-cash-pile-raoaring-kitty-gme-2024-6?_gl=1*sialwc*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcxODI4MjMzOS4zMjIuMS4xNzE4Mjg0MDEzLjIwLjAuMA..">GameStop could make more money than in recent quarters just by sitting on its $4 billion cash pile</a>.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/black-swan-spx-stock-market-bubble-crash-spitznagel-universa-taleb-2024-6?_gl=1*1674h90*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcxODI4MjMzOS4zMjIuMS4xNzE4Mjg0Mjk5LjIuMC4w">The worst stock crash since 1929 is coming</a> after a brief rally in the S&amp;P 500, a "black swan" investor says.</li><li>A new South African policy is being hailed as the <a target="_blank" href="https://www.businessinsider.com/south-africa-ubi-universal-basic-income-poverty-cash-giveaway-anc-2024-6">first national universal-basic-income program</a> — it's not, experts say.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil ticked down 0.24% to $78.09 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, inched up 0.16% to $82.73 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> slid 0.20% to $2,318.42 an ounce.</li><li>The 10-year Treasury yield dropped two basis points to 4.373%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> fell 1.8% to $68,071.62.</li></ul>

Stock market today: US stocks climb as wholesale inflation data shows big cooldown in prices

<ul class="summary-list"><li>The producer price index came in higher than estimates, gaining 0.5% in April.</li><li>Major indexes were slightly higher after the data as investors assessed the impact on rate cut outlooks. </li></ul>US indexes edged slightly higher Tuesday morning as traders assessed fresh inflation data. April's producer price index data beat estimates, gaining 0.5% for the month against 0.3% consensus estimates. But inflation concern was partially mitigated by a revised 0.1% decline in March.The PPI data comes a day before Wednesday's consumer price index and will give investors a broader frame of reference. If CPI data is equally hot, the stuttering stock rally could face even more negative consequences."Today's PPI is a bad omen for tomorrow's CPI number – despite the relationship between the two being somewhat complicated – and if the market is spooked by today's higher-than-expected PPI number, then it will be even more disturbed by a higher-than-expected CPI number tomorrow," said Chris Zaccarelli, Chief Investment Officer for Independent Advisor Alliance.Ahead of the report, investors anticipate core CPI to rise 0.3% in April, below the 0.4% gain in March.Meanwhile, Federal Reserve Chairman Jerome Powell will speak later on Tuesday, potentially offering hints about when the central bank could cut rates. Elsewhere in markets, meme stocks are back as GameStop and AMC post huge two-day gains on the back of <a href="https://twitter.com/DeepFuckingVlu/status/1789998891149979916" target="_blank" rel="noopener">a cryptic tweet</a> from retail trading icon Keith Gill.The 10-year Treasury briefly topped 4.5% after the PPI data before slipping by about one basis point to 4.465. Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,221.29, up 0.01%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 39,442.78, up 0.03% (+11.27 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 16,408.86, up 0.14%</li></ul>Here's what else is going on today:<ul><li>Gamestop's <a href="https://markets.businessinsider.com/news/stocks/gamestop-meme-stocks-roaring-kitty-wall-street-bets-jim-chanos-2024-5?_gl=1*t3kpob*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcxNTY5MDE3Mi4zOTUuMS4xNzE1NjkwOTM5LjYwLjAuMA..">sharp rally continues for a second day</a>, but to one market guru, it's all a 'speculation orgy.'</li><li>Why today's economic strength means a <a href="https://www.businessinsider.com/recession-outlook-hard-landing-us-economy-government-debt-real-estate-2024-5">harder landing in 2025</a>, according to Apollo's Torsten Slok.</li><li>3 reasons <a href="https://markets.businessinsider.com/news/currencies/de-dollarization-dollar-war-currency-usd-dominance-china-yuan-economy-2024-5?_gl=1*1p64i9y*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcxNTY5MDE3Mi4zOTUuMS4xNzE1NjkxMjc4LjYwLjAuMA..">the dollar won't lose its top spot</a> in global trade and finance, according to Morgan Stanley.</li></ul>In commodities, bonds, and crypto: <ul><li><a href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil fell 0.48% to $78.85 a barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, dropped 0.44% to $83.09 a barrel. </li><li><a href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> climbed 0.54% to $2,344.14 per ounce. </li><li>The 10-year Treasury yield edged down to 4.465%. </li><li><a href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> slid 1% to $61,963. </li></ul>

You Searched For "wholesale" and got 11 results

Stock market today: Indexes mixed as traders digest wholesale inflation and await Powell's remarks

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Stock market today: US stocks edge up after wholesale inflation comes in cool

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Costco's members are getting younger as millennial and Gen Z shoppers flock to wholesale clubs

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WPI inflation surges to 16-month high of 3.36% in June on costlier vegetables

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A Costco trucker in Atlanta shares the best part about driving for the wholesale club

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Stock market today: US stocks climb as wholesale inflation data shows big cooldown in prices

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Stock market today: Indexes edge up as traders digest wholesale inflation data

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