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The idea that citizens should get a cut of the booming profits of tech companies derailed one of the hottest stock markets in the world on Tuesday.
Source
MarketWatch
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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.
