New York City, NYCoinDesk

Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats

In particular, pax gold (PAXG), a token launched in September 2019 by the New York-based stablecoin issuer Paxos under the Ethereum blockchain’s ERC-20 standard, has seen steep growth in recent months. Its market capitalization has surpassed that of tether gold (XAUT), another gold-backed cryptocurrency from Tether, the dominant stablecoin issuer.
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Inflation Is Surging. The Price Of A Toyota Pickup Truck Helps Explain Why

Prices for a lot of things are surging across the U.S., and John McConnell's recent car-shopping experience helps explain why. McConnell, from Colorado Springs, Colo., was recently looking for a Toyota Tacoma to replace his two-year-old Nissan Altima and was shocked to see the one he wanted priced several thousand dollars above the sticker price.
BusinessThe Guardian

US inflation climbs to highest rate since 2008

Inflation in the US has jumped to the highest rate since 2008 as the world’s largest economy rebounds strongly from the coronavirus crisis. The consumer prices index rose at an annual rate of 5% in May, up from 4.2% in April and the highest since August 2008, according to the US Bureau of Labor Statistics. Inflation has steadily climbed since January, when it was 1.4%.
BusinessPosted by
CBS News

Household budgets were already tight. Then came inflation.

Abby Walter said she started noticing her grocery bill creeping up earlier this year. Prior to January, the Maryland resident had typically spent about $75 a week on groceries. Now her bill is averaging about $150 or even more. Some of that increase is likely due to a change in...

Inflation Climbs Even Higher With Prices Rising 5% In May

Consumer prices are climbing at the fastest pace in nearly 13 years as the U.S. recovers from the pandemic recession. Prices rose 5% in May. Authorities say this inflation spike will be temporary. AILSA CHANG, HOST:. If the highways are calling out to you this summer, but you need to...