US wholesale inflation accelerated in April to the fastest pace since 2022 on a war-driven increase in energy prices that’s feeding into higher freight transportation costs. The Producer Price Index rose 6% from a year ago, according to Bureau of Labor Statistics data out on Wednesday. A core measure of wholesale inflation that excludes food and energy increased 5.2% from April 2025, the biggest advance in more than three years.

according to the University of Toronto, using phone data. Myrtle Beach, South Carolina, took the biggest hit with a 65% hit. The Trump presidency was to blame. The entire travel industry is suffering.

New reactors with new designs mean new uranium mines and new production. The nuclear supply chain is expanding due to factors like geopolitics, geology, and artificial intelligence, with new uranium mines and factories being developed to meet growing energy needs. Buy (CCJ) and (VSTR) on dips.

on the red-hot PPI, which will certainly lead to higher interest rates. The Euro has dropped to $1.17 to the US dollar. With inflation now officially out of control, expect high interest rates and a US dollar rally. Finally, I can afford my Europe trip.

the cartel said in its latest monthly update on Wednesday. OPEC also lowered its demand growth forecast for 2026 to around 1.2 million barrels per day, down from about 1.4 million bpd previously. Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of Hormuz.  OPEC production fell by 1.7 million bpd in April after output plunged by 7.9 million bpd in March. In total, production among OPEC members has fallen more than 30%, or 9.7 million bpd, during the war.