Global Markets

The producer price index for final demand increased 0.8% from April, and 10.8% from a year earlier, Labor Department data showed.

Congratulations to the International Fund for Animal Welfare and Coupang!

Price pressures are becoming entrenched in the economy, which will likely push the Federal Reserve to raise interest rates even more aggressively.

"I've never seen inventory surges like this in my career, and I've been around for a long time," said Cathie Wood, the head of Ark Investment Management.

The International Fund for Animal Welfare has won the 2022 Gold Alexander Hamilton Award in the category Best Practices in Restricted/Emerging Markets. Congratulations!

Congratulations to Coupang, winner of the 2022 Silver Alexander Hamilton Award in the category Best Practices in Restricted/Emerging Markets!

As imports fell amid China's Covid lockdowns and U.S. exports grew, the U.S. trade deficit shrunk by 19.1% in April.

She points to slowing growth in the core inflation rate as indicating that price hikes are moderating. Still, in this geopolitical climate, "we can't rule out further shocks."