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Money & Markets

Stocks dip deeper into bear market

NEW YORK — Most stocks on Wall Street dipped Tuesday in their first trading after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy. The S&P 500 fell 14.15, or 0.4 percent, to 3,735.48 as investors braced for ...

Bitcoin plunges as major crypto lender halts operations

NEW YORK — The price of bitcoin and other cryptocurrencies crumbled Monday, after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing “extreme market conditions.” It’s the latest high-profile collapse of a pillar of the cryptocurrency ...

US inflation at new 40-year high as price increases spread

WASHINGTON — The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6% last month from a year earlier, faster than April’s year-over-year ...

Gas prices close in on $5 a gallon in US, hit record in UK

DALLAS — The average price that Americans pay for gasoline is closing in on $5 a gallon, another drain on the wallets of consumers who are paying more for many other essentials too. AAA said the nationwide average for regular on Thursday was $4.97 a gallon, up a quarter in just the last ...

Teslas with Autopilot a step closer to recall

DETROIT — Teslas with partially automated driving systems are a step closer to being recalled after the U.S. elevated its investigation into a series of collisions with parked emergency vehicles or trucks with warning signs. The National Highway Traffic Safety Administration said Thursday ...

Stocks tumble as rate pressures grow, inflation report looms

NEW YORK — Stocks on Wall Street tumbled Thursday following the latest reminder that central banks now care more about fighting inflation than propping up markets. The S&P 500 sank 2.4 percent, putting it on track for its ninth losing week in the last 10. The Dow Jones Industrial ...