By Ismail Shakil and Katharine Jackson WASHINGTON (Reuters) - The U.S. Labor Department on Friday slapped a $298,000 penalty on Hostess Brands, alleging that safety and training failures at the bakery firm led to a worker in Chicago losing a fingertip in December. The department said its investigation found that the Hostess could have prevented the amputation injury a 29-year-old worker suffered
A billionaire grocery store executive has said food prices will continue to rise until Washington stops doing dumb things, while calling on the Federal Reserve to halt its interest rate hikes.
The U.S. dollar tumbled to a one-year low against a basket of currencies on Friday while the euro hit a one-year peak, as traders ramped up expectations of an imminent end to the U.S. Federal Reserve's rate-hike cycle on signs of cooling inflation. Data from the U.S. Labor Department on Thursday showed the producer price index (PPI) fell by the most in nearly three years last month, coming a day after inflation data pointed to moderation in consumer prices.