Producer

Shale producers Devon Energy (DVN) and Diamondback Energy (FANG) beat earnings predictions Monday, after both companies booked losses during market trading. The stocks continued to drop in extended trading hours. X DVN and FANG…

Jars contain rare earth minerals produced by Lynas from its Mount Weld operations in Western Australia © Melanie Burton/Reuters The US defence department has signed a $120mn deal with Australia’s…

Services PPI and Core PPI spike. By Wolf Richter for WOLF STREET. The Producer Price Index for Final Demand spiked by 1.4% in March from February, and by 11.2% from a year ago, both the biggest and worst spikes in the…

The prices that goods and services producers receive rose in March at the fastest pace since records have been kept, the Bureau of Labor Statistics reported Wednesday.The producer price index, which measures the prices paid by…

Steam billows from the cooling towers of the Loy Yang coal-fired power station operated by AGL © Carla Gottgens/BloombergAustralian utility AGL has rejected an unsolicited bid from a consortium led by Brookfield Asset Management to buy…

Prices at the wholesale level jumped twice the expected level in January as inflation pressures were unabated to start the year, the Labor Department said Tuesday.The producer price index, which measures final-demand goods and services,…

Hollywood producer Joel Silver relisted his Los Angeles megamansion Thursday for $75 million.  Located in the gated Brentwood Circle neighborhood, the 25,000-square-foot hacienda-style residence was designed by the late Mexican…

Prices that producers get for final demand goods and services surged in August at their highest annual rate since at least 2010, the Labor Department reported Friday.The producer price index rose 0.7% for the month, above the 0.6% Dow…