Afternoon Coffee: Wholesale Prices Rise in May, US Consumer Sentiment Up in June


A rise in fuel costs helped push up prices of wholesale goods in the US during May by 0.5%, according to the Labor Department.

US consumer sentiment saw a boost at the start of June, thanks in part to the strongest personal finance prospects since 2007. The Thomson Reuters/University of Michigan’s index registered at 94.6 for early June – a jump from last month’s 90.7.

US consumers also are becoming increasingly concerned with animal welfare and want grocery store companies to work with food suppliers who treat animals humanely. A new study shows 21% of consumers say they most care about animal welfare when it comes to groceries.

Red Herring recently released the top 100 technology companies in North America – some of the winners are those included in the Spend Matters 2015 Almanac, too. Check out the full list.

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