

The New York Times
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Inflation moderated in April but was still close to its highest level in 40 years.
An index closely followed by economists and investors climbed 6.3 percent last month from a year ago.

Britain announces tax on oil and gas profits to fund cost-of-living payments.
The tax on the “extraordinary” profits of oil and gas companies is expected to raise 5 billion pounds. The government announced £15 billion in payments...

Germany plans to keep coal-fired plants ready in case Russian gas is cut.
The power plants, due to be shut down, would be kept in reserve to provide electricity if Russia ends shipments of natural gas.

Stocks give up gains as jitters return.
Investors weighed mixed economic reports and company earnings.

Cannes Live Updates: Noir and Horror Open the Second Week
As attendees gear up for the packed week ahead, long-awaited films by Park Chan-wook and David Cronenberg premiere.

Broadcom in Talks to Acquire VMware, the Cloud Computing Company
Since its attempt to buy the U.S. chip maker Qualcomm was blocked in 2018, Broadcom has diversified the types of companies it buys.

S&P 500 Falls Into Bear Market Territory, Down 20% This Year: Live Updates
The index fell below and fluctuated around 3,837.25 — the threshold that would mean a bear market at the 4 p.m. closing.

Global stocks find their feet at the end of another week of market turmoil.
The company relies on automated systems to spot violent content, but people are still uploading and sharing the Buffalo video.

Global stocks slide, extending the rout on Wall Street.
S&P 500 futures pointed to another drop when trading starts, pushing the index closer to a bear market.

Inflation in Britain hits 9 percent, the fastest pace in four decades.
The annual inflation rate jumped as household gas and electricity bills rose significantly.