Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters.
To understand the impact of surging inflation on this year’s back-to-school spending, look no further than children’s rain boots with motifs like frogs and ladybugs made by Washington Shoe Co.
Conspiracy theorist Alex Jones arrived at a Texas courthouse for his defamation trial for calling the Sandy Hook Elementary School attack a hoax with the words “Save the 1st” scrawled on tape covering his mouth.
In one of the biggest days of this year’s primary campaign season, voters rejected a measure that would have made it easier to restrict abortion rights in red-state Kansas and repudiated a scandal-tarred former governor seeking a U.S. Senate seat in Missouri.
U.S. stocks dipped Tuesday following another day of meandering trading, as Wall Street debates whether the market’s strong recent run is the start of a turnaround or just a temporary blip.