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Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
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Consumer prices surged in March, thanks to the conflict with Iran.
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The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don't fully capture the scale of the disruption.
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Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the economy.
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EV bloodbath: US sales plunge as Tesla tightens its grip Business InsiderWill High Fuel Prices Benefit GM And Its EV Lineup? GM AuthorityWhy GM is sticking with EVs as rivals pivot to hybrids Chattanooga Times Free PressTo EV or not to EV? Plastics News
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Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.
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YouTube Premium is getting pricier The VergeYouTube Hikes Premium Prices For First Time Since 2023—Here's How Much More You'll Pay ForbesYouTube Premium and YouTube Music Subscription Prices Are Going Up in the U.S. VarietyYouTube Premium Raises Prices For First Time Since 2023 The Hollywood ReporterYouTube Premium is increasing US prices for the first time since 2023
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Still-high oil prices have investors wondering which areas could help keep the market moving higher after Wednesday's rally.
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"Sawtooth" volatility pattern in options prices suggests a strong postearnings move for Netflix.
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Traders wary that traffic through the Strait of Hormuz is still restricted.
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Yes, higher crude oil prices mean a multibillion-dollar cash infusion to the oil industry. But volatility is bad for business, and sustained high prices come with very serious drawbacks.
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