Markets in Turmoil

High inflation rates and plenty of uncertainty about the state of the economy are sending chills through investors.


The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday - its most aggressive move since 2000 - and signaling further large rate hikes to come.


The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow — for a car, a home, a business deal, a credit card purchase — all of which will compound Americans' financial strains and likely weaken the economy.


Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics, and opines on social and economic issues to more than 83 million followers.

Image Source: (AP Photo/John Raoux, File)

Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, and he's trying to negotiate an agreement with the company.

Gasoline prices are displayed at a gas station in Vernon Hills, IL, April 1, 2022.

Soaring inflation is hitting Americans hard as energy costs rose 11% in March, and groceries jumped another 1.5%. Most of us don't remember inflation this bad, and for good reason. It's not been this severe since the 1980s.

Gasoline prices are still spiking. This is a Marathon station in Miami Beach, Fla. (AP Photo/Marta Lavandier)

The latest numbers show inflation is climbing even higher, making it harder and harder for Americans to keep up with their bills and pay for essentials like food and gas.


Billionaire entrepreneur Elon Musk has decided not to join social media giant Twitter's board of directors, leaving some conservatives wondering if ever having free speech on the platform is just a pipe dream. But actually, skipping the boardroom might even give him more of a voice. 


The Federal Reserve is pulling the trigger and raising the federal interest rate for the first time in four years.

A sign displays the price for shirts as a shopper peruses the offerings at a Costco warehouse on Thursday, June 17, 2021, in Lone Tree, Colo. (AP Photo/David Zalubowski)

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.