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Biden opens trip to UK by declaring 'United States is back'News

President Bidens first stop upon arriving in the UK for the G7 summit was a visit to U.S. troops and their families at the RAF Mildenhall air base. Reasserting the United States on the world stage, his message was in great contrast to his predecessors "America First" stance. "we are going to make it clear that the United States is back and democracies of the world are standing together to tackle the toughest challenges and the issues that matter most to our future." In his speech, Biden a...
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Inflation spooks U.S. market; CPI rises 4.2% y/y in April

As the U.S. economy starts to open up following the countrys vaccination program, consumer spending is on the rise. But this spending, along with supply bottlenecks, is pushing up inflation at the fastest rate in more than a decade. The consumer price index, which measures inflation, saw its largest on-year jump since September 2008. The index was up by 0.8 percent on-month in April, and was 4.2 percent higher than a year earlier. Markets were braced for a hot consumer inflation report, bu...
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