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Tag: August

August data on retail, industrial production, RRR cut

Chinese laborers working at a construction site at sunset in Chongqing, China on March 6, 2005.China Photos | Getty ImagesBEIJING — China's National Bureau of Statistics was set Friday to release economic data for August, a day after a surprise rate cut...

PPI inflation report August 2023:

A shopper peruses the meats section of a grocery store on September 12, 2023 in Los Angeles, California. Mario Tama | Getty ImagesInflation at the wholesale level rose more than expected in August, countering recent data showing that price increases have tempered lately.The producer...

CPI report August 2023: Inflation rose 0.3%

Inflation posted its biggest monthly increase this year in August as consumers faced higher prices on energy and a variety of other items.The consumer price index, which measures costs across a broad array of goods and services, rose a seasonally adjusted 0.6% for...

Texas paid bitcoin miner Riot $31.7 million to shut down in August

During the crypto boom of 2021, Riot Platforms was raking in cash from bitcoin mining. Now the company is losing so much money that it's counting on energy credits from selling power back to the Texas grid to keep its costs under control.Riot...