Stocks plummet as inflation fears mount

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The S and P fell to its lowest point this year as investors come to terms with consumer prices rising at their fastest pace in 40 years. The drop is just the latest in a string of downturns for the markets. Elaine Quijano takes a look.
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Chipotle Mexican Grill is jacking up its menu prices, citing higher costs linked to surging inflation. The restaurant chain plans to raise prices a little more than 6% this year, CEO Brian Niccol told Wall Street analysts in an earnings call on Tuesday. Chipotle also hiked its prices by 4% in December, with its offerings…
Here are your FOX Business Flash top headlines for March 2. Countries are snapping up the rights to “Servant of the People” — a comedy series starring the Ukrainian President, as the Ukrainian President. Back in 2015, former actor and comedian Volodymyr Zelenskyy played Vasiliy Petrovich Goloborodko, a high school teacher propelled to the presidency…
PARIS — Soaring food and energy prices driven by Russia’s continued aggression against Ukraine pushed inflation in Europe last month to levels not seen in four decades, with prices in the 19 countries that use the euro soaring 7.5 percent, according to data released Friday by Europe’s statistics agency. Energy costs jumped nearly 45 percent…
Evercore ISI Senior Managing Director Mark Mahaney discusses inflation, Big Tech and tech regulations in the coming years. A group of prominent senators wrote a letter to the Federal Trade Commission on Thursday urging them to review Microsoft’s $68.7 billion acquisition of Activision, citing lawsuits and media reports about workplace misconduct at the video game…
Marc Short, former chief of staff for VP Pence, slams Biden for tapping into U.S. oil reserves and argues the president is at fault for America’s energy crisis. Marc Short, executive director of the Coalition to Protect American Workers and former chief of staff to former Vice President Mike Pence, joined “Mornings with Maria” Thursday…
Biden urges Congress to suspend gas tax for 3 months – CBS News Watch CBS News President Biden called on Congress to halt the federal gas tax for three months as gas prices soar. But there’s debate about whether it will actually help consumers. Nancy Cordes has the details. Be the first to know Get…
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