Inflation signs ease lift Wall Street rally
Wall Street extended gains as inflation cooled, with the S&P 500 up 1 percent to its highest close in over 15 months and the Nasdaq up 1.9 percent led by Microsoft, Apple, and Amazon. The Dow rose 176 points amid hopes the Fed may pause rate hikes after strong spring profits.
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University of Michigan
U.S. Proposes 18 Percent Fuel Economy Rise by 2032
The National Highway Traffic Safety Administration released a plan to raise new vehicle fleet fuel economy 18 percent by model year 2032, averaging about 43.5 mpg in real-world driving, with a 2 percent annual gain for cars and 4 percent for light trucks, and 10 percent yearly for commercial pickups and vans.
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