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Home Prices Fell Year-Over-Year in May
Home prices fell from a year earlier in May for the second straight month, as elevated mortgage rates and high prices sidelined buyers. Source link
Stock Market Shrugs Off Recession Signals as Rally Builds
The S&P 500 is trading near its highest level since April 2022 as hopes grow for a soft economic landing. Source link
The World Tied $3.5 Trillion-Plus of Debt to Inflation. The Costs Are Now Adding Up.
Listen to article (2 minutes) Governments and companies around the world spent decades loading up on trillions of dollars of debt whose interest costs rise
Dove Maker Unilever Still Raising Prices as Volumes Slip
The consumer-goods giant—a bellwether for the global economy and consumer sentiment—boosted prices to make up for soaring commodities and other costs. Source link
Russia Defies Sanctions by Selling Oil Above Price Cap
Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year ago. Source link
Why the Fed Isn't Ready to Declare Victory on Inflation
Officials remain concerned about whether wages and price growth can slow enough without an economic downturn. Source link
How U.S. Drug Companies Could Tip Europe Into Recession
Swings in Ireland’s pharmaceutical industry, often rooted in tax moves by U.S.-based firms, have outsize impact on European output. Source link
Why Businesses Can’t Stop Asking for Tips
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It’s Taylor Swift’s Economy, and We’re All Living in It
Swifties flocking to Eras Tour cities are filling hotels and crowding restaurants; the Fed has noticed, too Fans made their way across the People’s Bridge
Russia Boosts Rates as Ukraine War Costs Mount
The full percentage point rise comes as a falling ruble, soaring wages and debt-fueled state spending reignite inflationary pressures. Source link