Costs for American vendors fell by the most since 2015 on a year-over-year basis and by the most since 2009 when measuring the month-over-month change last month.

Why it matters: The decline in U.S. producer prices was far more than expected and could bolster some economists’ predictions for a brief period of deflation as the novel coronavirus depresses demand.

  • April marked the third straight month producer prices have fallen.
  • That could bolster the case for more stimulus measures from the government or additional monetary policy response from the Fed.

Stay woke: The PPI is considered when adjusting prices in long-term purchasing agreements.

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Dion Rabouin, author of Markets
Aug 12, 2020 - Economy & Business

Gold had its worst day in 7 years, but investors remain bullish

Data: FactSet; Chart: Axios Visuals

Gold fell by 2% on Tuesday with some ETFs seeing prices decline by 5% or more as investors took profits on the precious metal after a rally that has pushed gold to record highs near $2,100 per troy ounce.

Why it matters: It was the third straight session that gold fell, the longest losing streak since June, after seven days of appreciation, and the worst selloff since 2013.

3 mins ago - Technology

Facebook Oversight Board begins hearing appeals

Illustration: Aïda Amer/Axios

The Facebook Oversight Board announced Thursday that some Facebook and Instagram users can now submit appeals to the Oversight Board for an independent review of their own content removals.

Why it matters: The board, a first-of-its-kind internet governance body, will begin hearing cases from users ahead of the U.S. election.

Ben Geman, author of Generate
2 hours ago - Energy & Environment

U.S. cities' lagging climate progress

Expand chart
Reproduced from a Brookings Institution report; Chart: Axios Visuals

A just-published Brookings Institution analysis of U.S. cities' pledges to cut carbon emissions reveals very mixed results.

Why it matters: The potential — and limits — of city and state initiatives have gotten more attention amid President Trump's scuttling of Obama-era national policies.