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Business Highlights: Consumer prices, ransomware gang

Business Highlights: Consumer prices, ransomware gang Sign In The Associated Press FacebookTwitterEmail US consumer prices surge in June by the most since 2008 WASHINGTON (AP) Prices for U.S. consumers jumped in June by the most in 13 years, signaling that a swift rebound in spending has run up against widespread supply shortages that have escalated the costs of many goods and services. Tuesday’s report from the Labor Department showed that consumer prices in June rose 0.9% from May and 5.4% over the past year the sharpest 12-month inflation spike since August 2008. Excluding volatile oil and gas prices, so-called core inflation rose 4.5% in the past year, the largest increase since November 1991.

Touting new trains, Amtrak CEO foresees riders heading back

Amtrak is betting big on a return of ridership. The nation’s passenger railroad wants to replace its nearly half-century-old fleet with state-of-the-art trains that can operate on electricity or diesel fuel. It plans to spend $7.3 billion to buy 83 trains made by Siemens, with options to buy more if ridership increases. Funding must still be approved by Congress, but William Flynn, Amtrak’s CEO, says he’s confident it will happen. If it doesn’t, then Amtrak will finance the trains and repay its debt with money from state train services and passenger fares. The more efficient trains, which will be built in California, are scheduled to start running in 2024. They will have more comfortable seating, better ventilation systems, power outlets and USB ports, Wi-Fi, and panoramic windows. Many can run on either diesel fuel or battery power when it’s needed.

Amtrak is replacing its fleet of trains: What riders can expect

Amtrak is replacing its fleet of trains: What riders can expect
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Amtrak Bets Riders Will Return

Amtrak Bets Riders Will Return
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