Inflation threatens summer vacation plans for millions of Americans

Soaring inflation threatens the travel plans of millions of Americans as growing demand for travel and vacations drives up prices. Gasoline hit a new high of $4.45 on Saturday, and the start of the peak summer travel season is still several weeks away. Earlier this week, federal inflation data showed airfares were up 33% from … Read more

Bitcoin Tumbles, Stablecoin Plunges in Crazy Crypto Week

NEW YORK (AP) — It’s been a crazy week in crypto, even by crypto standards. Bitcoin plummeted, stablecoins were anything but stable, and one of the most prominent companies in the crypto industry lost a third of its market value. Here is a look at some major developments in cryptocurrencies this week: Bitcoin The price … Read more

Live stock market news updates: Equity futures fall as investors continue to ponder searing inflation data

U.S. equity futures fell in premarket trading on Thursday after another day of falling markets as investors digested more searing inflation data that showed price levels remained high in April. S&P 500 futures fell 0.4% after the index settled at 3,935.18, its lowest level since March 2021. The S&P 500 fell more than 17% during … Read more

Live stock market news updates: Equity futures fall as investors continue to ponder searing inflation data

U.S. equity futures fell in premarket trading on Thursday after another day of falling markets as investors digested more searing inflation data that showed price levels remained high in April. S&P 500 futures fell 0.4% after the index settled at 3,935.18, its lowest level since March 2021. The S&P 500 fell more than 17% during … Read more

Stocks rise, yields edge lower after US inflation data

NEW YORK/MILAN, May 11 (Reuters) – The S&P 500 and Dow Jones gained ground on Wednesday and the dollar index fell after data showed U.S. inflation slowed year-on-year last month, giving investors some hope that the price surges will peak. US equity futures initially lost ground after underlying inflation, excluding items such as oil prices, … Read more

Consumer prices in China hit a six-month high as Covid prompts residents to stock up on food

Fresh vegetable prices rose 24% year-on-year in April as consumers stocked up to prepare for possible stay-at-home orders. Pictured is a delivery driver from Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | AFP | Getty Images BEIJING — Consumer and producer prices in China rose more than expected in April, … Read more

Mixed futures after a wild session; Has inflation peaked?

Dow Jones futures were little changed overnight, along with S&P 500 and Nasdaq futures, with a key inflation report at your fingertips. The stock market had a bullish session on Tuesday, with tech closing higher as the Dow Jones lagged. X Coinbase (CURRENCY) and Unit Software (U) dipped late on weak first-quarter results. COIN and … Read more