Inflation hits 4.1 percent in May: 5 takeaways

Federal inflation data released Thursday showed prices rising at the fastest annual rate in three years, posing serious challenges for President Trump and policymakers. The Federal Reserve’s preferred gauge of inflation shows prices rose 4.1 percent over the past year and 0.7 percent in May alone. While most of the growth came from higher energy……

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Climate accountability deserves its day in court

For years, lawyers working for the fossil fuel industry have done everything in their power to prevent state courts from weighing factual evidence in climate accountability cases. Over the past decade, our communities have suffered nearly $1.5 trillion in damages from extreme weather and other climate disasters. But the winds are changing. Source link

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JPMorgan names Petno and Rohrbaugh co-presidents; Lake exits

JPMorgan Chase on Thursday promoted two of its top executives into newly created co-president roles, marking the latest step in CEO Jamie Dimon’s long-running succession planning while announcing the retirement of one of Dimon’s most prominent potential successors. Doug Petno and Troy Rohrbaugh, who have jointly led the bank’s commercial and investment banking division since…

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