Wall Street

Consumer price inflation in May is expected to be searing as energy, food and rents rise

Economists expect inflation in May to continue to burn white, with rising costs for energy, food, rent and health care. According to Dow Jones, economists expect the consumer price index to rise 0.7% from 0.3% in April. On an annual basis, this would equate to a rate of 8.3%, the same rate as in April. …

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S&P 500 falls into bearish territory; The stock market sell-off continues

A week-long selloff took on new intensity on Friday, sending the S&P 500 into bearish territory for the first time since the pandemic-induced 2020 selloff. The shares rose at the open, then reversed course, falling throughout the session. The S&P 500 fell 1.8%, on course to close at least 20% below its January peak. The …

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The worst may not be over for the market. Stocks fall again | CNN Business

New York CNN Business — The stock market crash of 2022 may not be over yet. Stocks fell again Thursday, following Massive Wednesday sale. the Dow ended the day down more than 235 points, or 0.8%, recovering only slightly from a decline of nearly 475 points earlier in the session. Blue chips are down 14% …

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Elon Musk posts poo emoji after Twitter CEO touts bot management

Elon Musk responded with a poo emoji after Twitter’s chief executive insisted the social media platform was doing everything in its power to weed out spam and bot accounts. Just days after the Tesla boss said the problem forced him to put his $44 billion site acquisition “pending”, Parag Agrawal, CEO of Twitter defended the …

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