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The Consumer Price Index increased 0.6% on a seasonally adjusted basis in April, following a 0.9% rise in March, according to the U.S. Bureau of Labor Statistics. On a year-over-year basis, headline inflation climbed 3.8%.
Energy prices were the largest contributor to the monthly gain, with the energy index rising 3.8% in April and accounting for more than 4...
Commercial bankruptcy activity accelerated sharply in April as elevated borrowing costs, mounting consumer credit stress and inflationary pressures continued to weigh on businesses and households across the U.S., according to new data from bankruptcy filing specialist Epiq AACER and the American Bankruptcy Institute.
Commercial Chapter 11 filings climbed 42%...
Nonfarm payrolls increased by 115,000 in April, well above expectations of 55,000, while the unemployment rate held steady at 4.3%. Revisions to prior months were mixed, with February payrolls revised down by 23,000 to -156,000 and March revised up by 7,000 to 185,000. On net, employment over the two-month period was 16,000 lower than previously reported.
Bo...
MARA Holdings, Inc. has agreed to acquire Long Ridge Energy & Power LLC from FTAI Infrastructure Inc. for approximately $1.5 billion, in a move that underscores the growing convergence of energy and digital infrastructure.
The transaction includes a 505 MW combined-cycle gas power plant in Hannibal, Ohio, along with more than 1,600 acres of land supporti...