GDP fell by 0.1% following an increase in March, with the fallout from the Iran war set to further weaken activity.
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U.K. Economy Contracted in April After Strong Start to Year
Consumer prices continued to rise quickly in May, as the run-up in energy costs from the war with Iran pushed up overall inflation
Consumer prices rose at their fastest pace in three years, but were in line with expectations. Source link
Inflation is overtaking Americans’ pay gains, largely because of the cost of filling up at the gas station
Americans’ hourly wages are up. The problem? Inflation is up even more. Source link
Many affluent baby boomers told the WSJ they are regularly giving their kids and grandkids smaller financial gifts now—instead of one big inheritance
We wrote about how older Americans are accumulating trillions in wealth for themselves. Readers told us that wasn’t the full story. Source link