Rising Food and Energy Costs Drive Market Volatility, Consumer Stock Declines
Soaring beef and fertilizer prices strain food companies and consumers as small-cap stocks enter correction territory amid broader market weakness.
Soaring beef and fertilizer prices strain food companies and consumers as small-cap stocks enter correction territory amid broader market weakness.

The CFPB deleted at least 2,200 webpages last month, removing content including press releases, advisories, and materials dating back to 2010.
Research shows households leaving California are financially struggling but not impoverished, seeking better economic opportunities elsewhere.
U.S. crude oil stockpiles increased for the sixth consecutive week while manufacturing activity reached its highest level since 2022.

The Federal Communications Commission approved Nexstar Media Group's $6.2 billion merger with Tegna, creating the nation's largest local TV station operator.

An Illinois customer sued Costco seeking tariff refunds after Supreme Court struck down Trump-era import taxes, potentially affecting $166 billion in refunds.

Fidelity Investments will pay $2.5 million to settle a class action lawsuit stemming from a data breach that occurred in 2024.

The Treasury Department has designated Bank of New York Mellon as the financial agent for a new tax-sheltered savings program, with Robinhood helping to build the application.

Wealthy investors are diversifying into luxury jewelry and colored gemstones as alternative investments amid market uncertainty and record gold prices.

TGJones, which rebranded former WHSmith stores after acquisition by Modella Capital, plans to close up to 150 locations.

China's services sector grew at fastest pace in three months while Australia's first-quarter GDP growth missed forecasts.

Congressional Budget Office director testified that proposed tariff modifications could significantly impact federal deficit projections.

Various corporate developments reported across semiconductor, aerospace, and technology industries during morning trading.
The Federal Reserve's latest Beige Book shows steady employment alongside rising inflation as the central bank prepares for new leadership.

A New York judge conducted a sealed hearing in Luigi Mangione's state murder case, closing proceedings to press and public.
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