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Markets shudder on dashed inflation hopes; Dow falls 1,250
Stocks tumbled to their worst day in more than two years Tuesday, knocking the Dow Jones Industrial Average down more than 1,250 points, following Wall Street’s humbling realization that inflation is not slowing as much as hoped.
Wall Street rallies further ahead of inflation report
Stocks climbed again Monday, as Wall Street made its final moves ahead of a high-stakes report that will hopefully show inflation hammered the economy less hard last month.
Biden hopes ending cancer can be a ‘national purpose’ for US
President Joe Biden on Monday urged Americans to come together for a new “national purpose” — his administration’s effort to end cancer “as we know it.”
Ukraine reclaims more territory, reports capturing many POWs
Ukrainian troops expanded their territorial gains Monday, pushing all the way to the country’s northeastern border in places, and claimed to have captured a record number of Russian soldiers as part of the lightning advance that forced Moscow to make a hasty retreat.
As small businesses raise prices, some customers push back
Inflation isn’t only costing small businesses money. It’s costing them customers as well. At the Bushwick Grind Cafe in Brooklyn, New York, Kymme Williams-Davis has raised prices and switched to different types of goods to keep up with the rising costs of milk, coffee, paper goods and plastic, as well as shortages of items such as paper cups and plastic lids.
