Consumer prices soar again, CPI shows, and shove rate of inflation to a 13-year high

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MARKETWATCH FRONT PAGE

The cost of living surged again in May and drove the pace of inflation to a 13-year high of 5%, reflecting a broad increase in prices confronting Americans as the economy fully reopens. The consumer price index jumped 0.6% last month. See full story.

These two bitcoin bear market indicators may tell investors when cryptos will bounce back, says J.P. Morgan

Bitcoin and other crypto assets have had a rough ride over the past month. See full story.

How would Biden’s tax hikes hit the wealth of Jeff Bezos, Elon Musk and other billionaires? First, they’d have to die, experts say

Biden’s proposed tax hikes on the rich are part of his $1.8 trillion American Families Plan See full story.

No major stock indexes are on a path to hit the 2°C Paris climate goal — here’s which market runs the hottest

No major stock indexes are currently on a pathway to hit the broadly used 2°C global warming target, much less the more aggressive 1.5° target that is increasingly pushed by environmental interests, according to a new report. See full story.

Meme stocks stumble after GameStop discloses SEC probe into the frenzy

The big meme stocks all took a hit in after-hours trading Wednesday as GameStop discloses SEC probe and willingness to fully cooperate with the regulator’s inquiry. See full story.

MARKETWATCH PERSONAL FINANCE

Here’s a letter from the Internal Revenue Service you may actually want to receive. See full story.



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Written by bourbiza

Bourbiza Mohamed. Writer and Political Discourse Analysis.

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