The Latest Breaking News from Inflation

Walt Disney Co (NYSE: DIS) shares are trading lower by 3.26% to $99.93 as shares of several companies in the broader communications, media and entertainment industry dip amid overall market weakness. A rise in US inflation and economic concerns have pressured discretionary names.

Snap Inc (NYSE: SNAP) shares are trading lower by 5.46% to $13.33 as shares of several companies in the broader communications, media and entertainment industry dip amid overall market weakness. A rise in US inflation and economic concerns have pressured discretionary names.

Price gains stayed hot — and re-accelerated, in some cases — in nearly all categories.

US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats.

Investors’ worries about the Fed’s hawkish tilt to combat inflation have led several fundamentally sound tech stocks to plunge significantly in price this year. However, given the solid long-term prospects of the tech industry, we think it could be wise to invest in the shares of quality tech stocks in…

Recessionary concerns and the Fed’s hawkish policy measures to combat high inflation are expected to extend the market correction. However, certain Dow Jones constituents with solid financials and bright growth prospects have been outperforming the benchmark index. So, Verizon (VZ) and Amgen (AMGN) could be solid investments now.

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk posted in a thread on Twitter (NYSE: TWTR) in March, after inflation hit a 40-year high for the first time this year

Tesla Inc (NASDAQ: TSLA) shares are trading lower by 4.58% to $686.23. Shares of auto companies are trading lower following worse-than-expected May CPI data. Growing inflation has caused economic slowdown fears, which have impacted the sector.

The SPDR S&P 500 (NYSE: SPY) gapped down 1.63% on Friday after new Consumer Price Index (CPI) data released by the Labor Department showed the Federal R