The May inflation numbers are due out Wednesday morning. Here’s what to expect
If the Wall Street consensus is correct, the consumer price index is expected to show inflation running at a 4.2% annual rate.
Nasdaq sinks more than 3% as tech sell-off reignites
Heavy losses for AI-linked stocks overshadow gains across rest of market
Oil slides as US official says Hormuz transits are ‘meaningfully’ climbing
Energy secretary Chris Wright cautions that flows through the strait will take months to fully recover
Boots in talks over $10bn sale as owners look to ditch IPO plan
Weston family and Australian group Sigma Healthcare both interested in buying UK pharmacy chain
EU considers suspending rise in Russian oil price cap
Limit on Russian crude was set to increase from $44 a barrel to $70 following supply disruption due to Middle East war