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Wall Street tumbles as CPI report dampens interest rate optimism

iraqbulletin.co
U.S. stocks tumbled Wednesday after inflation data exceeded forecasts, raising fears of delayed rate cuts. The CPI report fueled uncertainty, sending the Dow, S&P 500, and Nasdaq lower....
Business

US nominates former Mastercard CEO, Ajay Banga, to lead World Bank

iraqbulletin.co
US President Joe Biden nominated former Mastercard CEO Ajay Banga to lead the World Bank, crediting his experience with global challenges such as climate change. David Malpass, a Trump appointee, announced last week that he would step down in June from his role as head of the 189-nation poverty reduction......