


Wholesale prices in the United States accelerated in January, the latest sign that some inflation pressures in the economy remain elevated.
The producer price index — which tracks inflation before it reaches consumers — rose 0.3% from December to January after having fallen -0.1% from November to December. Measured year over year, producer prices rose by a mild 0.9% in January. Excluding volatile food and energy costs, “core” wholesale prices rose 0.5%, the most since last July. Compared with a year ago, core prices climbed 2%, up from 1.7% in the previous month.
President Joe Biden’s campaign is embracing TikTok to court younger voters ahead of the presidential elections, but U.S. adults have mixed views about whether the video-sharing app should even operate in the country.
A new poll by The Associated Press and NORC Center for Public Affairs Research finds a three-way split when it comes to banning the app. The poll shows 31% of U.S. adults would would favor a nationwide ban on TikTok use, while 35% say they would oppose that type of action. An additional 31% of adults say they neither favor nor oppose a ban on the social media platform, which is owned by Beijing-based ByteDance.
Talks of a TikTok ban reached a fever pitch in the U.S. early last year after a series of Western lawmakers, governments and regulators raised concerns that a set of Chinese laws could force the company to share user data with the country’s authoritarian government.