The Latest Breaking News from Inflation

Concerns over heightened inflation, the Fed’s tighter monetary policy, deepening supply chain constraints amid the Russia-Ukraine war, and extended lockdown measures in Chinese cities are expected to keep the stock market under pressure for an extended period. So, amid the current risk-off environment, we think it could be wise to…

LSE academic and prominent Brexit critic is first Asian woman to be appointed to role, replacing Michael Saunders

Soaring commodity prices swell oil giant’s profits as tech stock slide pegs back iPhone maker

Dogecoin (CRYPTO: DOGE) plunged sharply by over 30% to $0.07 in the 24 hours leading up to the early hours of Thursday. The meme coin fell amid a wide rout in the market as the global cryptocurrency market cap dropped 19.15% to $1.2 trillion.

Plus: Texas' social media law goes back into effect, inflation worries voters, and more...

Utz Brands Inc (NYSE:UTZ) reported first-quarter FY22 sales growth of 26.6% year-on-year to $340.8 million, beating the consensus of $311.1 million. Organic net sales improved 20.7% to $324.8 million. Adjusted gross profit grew 10.7% Y/Y to $115.7 million, while the adjusted gross profit margin contracted 487 basis points to 33.9%. The operating loss…

The number of Americans applying for jobless aid ticked up slightly last week but the total number of Americans collecting benefits remained at its lowest level in more than five decades

Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. Brent crude was down $1.92, or 1.8%, to $105.59 a barrel at 1202 GMT.

U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead