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Economy

“US inflation reached a new 40-year high in June of 9.1%”

“Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.… Continue Reading…

Business

“Home Depot to Buy Former Unit HD Supply in $9.1 Billion Deal”

“Home Depot Inc. agreed to buy building products distributor HD Supply Holdings Inc., reuniting the home-improvement retailer with its former subsidiary more than a decade after they split apart. Home Depot will buy all outstanding shares for about $56 apiece,… Continue Reading…