Business Highlights: May inflation, stock market woes
Associated Press___ US inflation at new 40-year high as price increases spread WASHINGTON — The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. ___ Stocks dive to another losing week as inflation worsens NEW YORK — Wall Street’s shuddering realization that inflation got worse last month, not better as hoped, sent markets reeling on Friday. ___ Biden vows to battle inflation as prices keep climbing LOS ANGELES — Inflation keeps getting the better of the U.S. economy — and of President Joe Biden’s administration. ___ Russia’s central bank cuts interest rates to prewar level Russia’s central bank has cut interest rates back to their prewar levels.
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Stock market today: Wall Street edges back from its records as bitcoin briefly pops above $100,000
Associated Press
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Bloomberg
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Bloomberg
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Associated Press
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Huff Post
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Associated Press
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Associated Press
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Associated Press
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The Independent
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LA Times
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Associated Press
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