CPI breakdown: Some of the largest price increases in June were gas, butter and margarine. Overall inflation hit a new 40-year high of 9.1%
Author: Elisabeth Buchwald, USA TODAY
As more companies cover abortion travel in health insurance plans, are interstate travel bans next?
A growing list of companies are covering travel to get an abortion. But are bans on interstate travel coming after Supreme Court’s Roe v. Wade ruling?
Dow, S&P 500, Nasdaq recover losses to eke out gains, oil drops below $100 per barrel
The S&P 500, Dow and Nasdaq erase early losses to end slightly higher, but investors remain nervous a recession is on its way.
Dow, S&P 500 bounce back after dropping more than 2%
The S&P and Dow were down more than 2% today but recovered much of their losses. Investors are pricing in greater chances of a recession occurring soon
Is the stock market open on July 4?
The bond market closed early on July 1 ahead of July 4th weekend. Stocks had a rough second quarter driven by inflation and recession fears.
EY agrees to pay $100 million fine to settle SEC investigation into ethics exam cheating
EY agreed to pay $100 million to settle an SEC probe which found that some auditors cheated on the ethics section of their CPA exam
Inflation is causing more people to skimp on tips, hitting service workers hard
“I’m really pinching my pockets and I’m going, ‘crap, crap, crap – I haven’t paid my water bill in two months,” said a bartender whose tips are down.
Companies paying for abortion-related travel include Dick’s Sporting Goods, Google, Disney
The Supreme Court overturned Roe v. Wade on Friday, prompting more companies to announce new policies to cover travel costs to get an abortion.
Stocks rallied after Powell says big rate hikes will be less common
Stocks closed higher after the Fed’s rate decision. The Fed raised rates by 75 basis points. Investors continue to worry about a recession unfolding.
S&P 500 closed in bear market, losing nearly 4% in one day as investors ready for a Fed meeting this week
The S&P 500 closed in a bear market on Monday. Investors are weighing in a potential 75 basis point rate hike ahead of the Fed’s Wednesday meeting