Headlines: 28 May 2022
– Key measure shows that inflation slowed slightly in April, but remains high at 6.3% year-on-year
– Bitcoin drops back below $29,000, roughly 47% down over the past six months
– US Energy Secretary Jennifer Granholm accuses Russia of “weaponizing energy” with high gas prices
– Online searches for baby formula soar as shortages continue
– Pennsylvania proposes $2,000 stimulus check for residents.
– Concern over high energy prices and insufficient power grid ahead of the summer months
– Target and Walmart profits drop and stocks plunge after posting financial reports
– Crude oil prices closed above $110 on Thursday, representing a 66% year-on-year increase
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