The prices that manufacturers charge for their products went up 1.1 percent in May from April, when those prices rose by the same percentage.
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U.S. CONSUMER PRICES RISE FASTEST IN THREE YEARS
U.S. inflation rose to 4.2 percent in May from 3.8 percent in April, reaching its highest rate since April 2023, according to data from the U.S. Bureau of Statistics.
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A REPUBLIC OR AN EMPIRE?
The Declaration of Independence of July 4, 1776, embraces two value sets.
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SPOTLIGHT: BIGS GETTING BIGGER
Fox Corp. is buying Roku, a streaming service with more than 100 million subscribers, for $22 billion.
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SPOTLIGHT: PRIVATE CREDIT CRISIS
As we have been reporting, the private credit industry’s current shakeout will winnow out rich individuals unable to tolerate higher-than-average risk.
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THE U.K. ECONOMY CONTRACTED IN APRIL
After growing by 0.6 percent in this year’s first quarter, Britain’s economy contracted by 0.1 percent in April, marking the first monthly contraction since August.
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GOING OUT OF BUSINESS TRENDS
This week’s Going Out of Business report spans bankruptcies, liquidations, plant closures, and mass layoffs, from industrial firms to consumer-facing brands such as Sleep Number and Original Blues.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
This week’s job cuts hit everything from Wall Street and Big Tech to hospitals, schools, and state governments.
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SUPER PACs BEHIND AI-FRIENDLY POLITICIANS SPEND MILLIONS IN LAST-MINUTE PUSH IN NEW YORK RACE
Super PACs funded by tech billionaires have been playing an oversized role in a New York City Democratic House primary and are spending millions of dollars on advertising in a last-minute effort to get the candidate they believe they can control to win the seat.
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DEATH OF JOURNALISM: ELLISON’S MEDIA TAKEOVER
President Donald Trump’s Justice Department determined that the planned merger between Paramount and Warner Bros. Discovery is “not likely to harm competition” in the entertainment industry as the president’s relationship with the Ellison family draws more scrutiny from critics.