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The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
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United States-Iran strikes are testing a fragile cease-fire, casting doubt on a peace deal and reopening the Strait of Hormuz.
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Oil prices jumped after the U.S. said it shot down four Iranian attack drones, casting doubt once again on the prospects for a peace deal.
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CVS Caremark will cover Lilly's weight loss drug Zepbound again after patient backlash nbcnews.comCVS to restore coverage of Zepbound, add Eli Lilly's obesity pill to drug plans CNBCCVS Returns Zepbound to Drug Plans After Lilly Slashes Price BloombergCVS Caremark adds Zepbound and Foundayo to formulary qz.com
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Ferrari Asked Its F1 Drivers About The Luce EV. Here's What They Said Motor1.comFerrari CEO defends $640,000 price tag for its first fully electric car CNBCFerrari CEO Says First EV Is Racking Up Orders Despite Criticism BloombergFerrari's electric car: divisiveness is the point The EconomistFerra
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Chinese electric car company Nio has launched two lower-priced brands in the last two years to broaden its customer base in a sluggish Chinese consumer market.
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Officials at the central bank have embraced the possibility of higher interest rates to get resurgent price pressures under control.
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Ticket prices for the NBA Finals at Madison Square Garden have officially entered Super Bowl territory.
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