WASHINGTON (AP) – U.S. The Labor Department reported Thursday that its producer price index – which tracks inflation before it reaches consumers – was unchanged from January after rising 0.6% the month before. Economists also watch it because some of its components, notably health care and financial services, flow into the Federal Reserve´s preferred inflation gauge – the personal consumption expenditures, or PCE, index. But the progress may not last as President Trump intensifies his trade wars. He has effectively imposed 25% taxes – tariffs – on foreign steel and aluminum and has plastered 20% levies on Chinese imports. Core producer prices rose 3.4%, lower than the 3.8% year-over-year gain in January. Wholesale prices can offer an early look at where consumer inflation might be headed. The readout comes as Trump ramps up his trade war with a wide range of U.S. Compared to a year earlier, producer prices were up 3.2%, down from a year-over-year gain of 3.7% in January. Thomas Ryan of Capital Economics noted that some of the wholesale prices that feed into the PCE measure, including hospital costs and international airfares, came in hotter than expected in February. Excluding volatile food and energy prices, so-called core wholesale prices fell 0.1% last month from January, first drop since July. The numbers were all lower than economists had expected.
Nicole Richie made heads turn while attending the Saint Laurent show during Paris Fashion Week. One famous face owning the runway for YSL included supermodel Bella Hadid. The Simple Life star, 43 – who recently celebrated her 43rd birthday with best friend Paris Hilton – looked elegant in a lowcut emerald mini dress on Tuesday. Nicole is a mother to daughter Harlow, 16, and son Sparrow, 14, who she shares with her husband Joel Madden. She accessorized with matching heels and gold necklace as she rocked the red carpet. Showing off Saint Laurent’s spring and summer 2025 collection, the brand unveiled fifty trendy looks suited for the office and vibrant ensembles for special occasions. Nicole’s outing in the City of Lights is not the first time she has shown support for support for the designer brand. Model Amelia Gray Hamlin, Kate Moss, Zoe Kravitz and, Gwyneth Paltrow also made a special appearance at the star studded fashion show. The daughter of music legend Lionel Richie teamed her look with a faux-fur coat while flaunting her slender figure. She is currently working on a new reality series with her The Simple Life co-star Paris Hilton. The multihyphenate founded her fashion brand, House of Harlow, back in 2008 which sells clothing, jewelry, stationary and eyewear. Saint Laurent creative director Anthony Vaccarello began the show with masculine looks with broad shouldered suits, sunglasses and ties before transitioning to more feminine floral ensembles. She has famously appeared on Fashion Star, Candidly Nicole and Making the Cut. Her highlighted locks were styled in a side parted slicked back ponytail and she opted for a full face of makeup. She was dressed in an oversized suit and tie – synonymous with the luxury brand’s signature style. Other brands at that showcased their summer and spring collections include: Dior, L’Oréal, Pressiat and Christian Dior. She rocked a Saint Laurent crossover-strap knitted halter neck bodysuit and pencil skirt back in April while appearing on The Tonight Show Starring Jimmy Fallon.
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The mastermind behind the iPhone’s exterior design has created a unique ring cut from a single lab-grown diamond. In comparison, the most popular diamond cut – the modern round brilliant – features just 58 facets. Sir Jony Ive, Apple’s Chief Design Officer, and renowned industrial designer Marc Newson, have unveiled a diamond ring unlike any other, because it is created purely out of one lab-grown rock. In a press release, the group admitted that crafting a diamond into a ring shape is ‘no small feat’, explaining that the process of actually creating the ring involves a very detailed process unlike any other jewelry design. The interior ring will be cylindrically cut out for the desired smoothness using a micrometer thick water jet inside which a laser beam is cast,’ the press release stated. The ring will be created exclusively for the auction house as part of its (Red) Auction, and the winning bidder will have the option to have the ring fitted to any size, up to a 5, which is the largest size that the diamond can be used to create. The estimated $150,000 to $250,000 ring, which features no metal, has not actually been carved yet – just designed – so that it can be made fit the finger of one winning bidder at a special charity sale at Sotheby’s Auction in Miami, Florida, or one very lucky recipient of the buyer’s choosing.
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Most traditional diamond cuts, including the princess and the radiant, have no more than 70 facets. But instead of adding additional material, like metal, to the ring, the design will be executed by removing the center of the rounded shape to fit a size 5 finger or smaller. Sir Jony is used to working on incredibly detailed projects, having been responsible for creating the exterior of many of Apple’s most well-known products, from computers to iPhones. Marc, meanwhile, has been working with Sir Jony for years, and has helped to create a number of special pieces for Apple, including a pair of 18k rose gold – find more information – Apple EarPods and a red Mac Pro, both of which were auctioned off to earn money for (Red). Any smaller rock would not offer enough diamond to create an entire ring shape, which will be carved into a solid piece in the shape of a ring, before the finger hole is created so that it can be worn. The money made from the diamond ring will go towards HIV/AIDS relief in Africa and Chicago, according to the press release. Is the price a dream too? As for the diamond being used to create the ring, it is a lab-grown rock, also known as an engineered, man-made, or cultured diamond, created by Diamond Foundry, and has been especially chosen for its large size. Lately however, the Apple expert has expanded his set skills in order to create the one-of-a-kind diamond ring that features zero metal. Incredible: Sir Jony, pictured with Apple CEO Tim Cook, has helped design the exterior for iPhones and laptops.