Sam Altman testifies in Musk v. OpenAI trial 2026

The consumer price index was expected to increase by 3.7% annually in April, according to the Dow Jones consensus.

US inflation accelerated in April amid an ongoing climb in gasoline prices and a jump in the cost of groceries. The consumer price index rose 3.8% from a year earlier, the fastest pace since 2023, while the core CPI, which excludes food and energy, increased 0.4% from a month earlier and 2.8% from a year earlier. Michael McKee breaks down the numbers on Bloomberg Television. (Source: Bloomberg)

Many analysts questioned the deal, citing questions about how GameStop would finance the transaction and the strategic rationale.

Treasuries maintained their losses after a reading of the core consumer price index exceeded economists’ estimates, supporting wagers that the Federal Reserve will raise interest rates next year to control inflation.