Fed report shows inflation cooling in May to two-year low
The inflation index fell to its lowest since April 2021 as gas and food costs rose slower. Consumer spending barely grew 0.1 percent in May while overall prices rose 3.8 percent year over year, with core prices up 4.6 percent. The report suggests slower growth may keep Fed on track for rate hikes, potentially pausing in September.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Shernette McLeod
U.S
Supreme Court blocks Biden plan to wipe $400 billion in student debt
The Supreme Court, in a 6-3 ruling, says the Biden administration overstepped authority and cannot cancel federal loans without Congress. Payments resume in October with interest accruing in September. About 26 million had applied. 43 million would be eligible. cost estimated at $400 billion over 30 years.
MENTIONED IN THIS ARTICLE
Supreme Court
Biden
Washington
Joe Biden
Congress
John Roberts
Elena Kagan
Kagan
Roberts
Education Department
Supreme Court sides with designer over same sex wedding sites
The Supreme Court, in a 6 3 decision, rules Christian designer Lorie Smith may refuse to create wedding websites for same sex couples under the First Amendment. The ruling allows expressive services to be refused when tied to beliefs, signaling a broader shield for religious rights and narrowing protections for LGBTQ workers.
MENTIONED IN THIS ARTICLE
Supreme Court
Washington
Lorie Smith
Colorado
Neil Gorsuch
United States
Gorsuch
Republic
Amazon
Smith
Wall Street rallies as stocks surge in final trading week
Markets closed higher with the S&P 500 up 1.2 percent to 4,450.38, the Dow advancing 285.18 points to 34,407.60, and the Nasdaq rising 196.59 to 13,787.92. Inflation relief hopes may curb Fed rate hikes, boosting confidence and profits across sectors.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Fed
CME Group
Dow
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Nasdaq
S&p
Wilshire
Russell
Yid
AMD
Newell Br
At&t Inc
NiSource
AMD Vo
Nikeb
Alphabt C Sen
Nikola
Alphabt As
Northropg
Amazon v6
Norw Cruis
Amé Airlines
Apple Incs
BkofAm
Pg&e Cp
Baudax
CanopyGr
Palantir
Carnival
Carvana A
PayPal
Cedarf
PepsiCo
Cisco
Petrobras
Pfizer
CoStar
Coca Cola
Comcast
Cracker
RiotBlok
CymaBay
RiviaAu A
EosEn A
Schwab
Fardy Fuln Shrwin
FirstEngy
Sirilusxm
Fordm
Smucker
GenElec
Snapinc
HomeDp
Ih SoFiTech
HuntBnesh
Deanom If
SwsinEngyntel
Kinross G
Kohls
Uber Tch
LincNat
VBI Vacers
Vale SA
ionGrp VerizonCm
cidGrp
VirgiGal
LumenTch
WalMart
Yit Inc
MarathDig
Wbrodisc
McDalids
WellsFargo
Meta PLC
Wendys Co
Micront
Rsee
Microsoft
NYMX
CME
New York Mercantile Exchange
Chicago Board of Trade
Chicago
CptWidGrincAm
CptlIncBldrAm
FdmillavsAm
Grfamrca
Incamrca m
Invcamrca m
Nwprspctva m
Wamtinvsam
Dodge & Cox Incl
Dodge & Cox Stil
Fidelity
dxInsPrm
Fidelity BC Growth
Fidelity Contrafund
Fidelity Group
Fidelity Intidxinstiprm
Vanguard 500IdxAdmil
Vanguard BalldxAdmil
Vanguard Diversav
Vanguard EqincAdmrl
Vanguard GridxAdmrl
Vanguard Hcadmrl
Vanguard
Vanguard PrmCpAdmrl
Vanguard Ttbmidxadmil
Doe
SEC
The
Associated Press
Also Mentioned on This Page
Christopher Rugaber
Aga
Ian
Ayia
Lisa Erickson
U.S. Bank Wealth Management
the Market IN Review
Dow Jones
Nyse Anp
Naspaaq
VBI
SoFiTech
Rackspt CytekTh
Edthx UN
Apple Inc
Gracell
LucidGrp
Friedmind
CalciMed Rs
Savara
FoghraTh
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!