Roundup: COA groundbreaking / Wholesale prices rise / Uber reports losses 

    Lotus: The East Baton Rouge Council on Aging is having a groundbreaking ceremony for its new Lotus Center on Main Street on Thursday, Aug. 15. The facility will be the COA’s new headquarters and central kitchen for hot meals delivered to 26 senior centers across the parish and its meals on wheels program.  

    Price check: U.S. wholesale prices ticked up just 0.2% in July, the latest sign that inflationary pressures are largely in check. The Labor Department said this morning that the producer price index—which measures price changes before they reach the consumer—increased 1.7% last month compared with a year ago, the same as June. Excluding the volatile food and energy categories, wholesale prices fell 0.1% in July and rose 2.1% from a year earlier. Read the full story. 

    Deep cut: Uber reported Thursday it lost $5.2 billion in the second quarter, pointing to the tough reality of navigating the high-cost gig economy as a public company, The Washington Post reports. The quarterly loss was the largest Uber has ever recorded and it cites rising competition as part of its problems. Read the full story.

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