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Inflation nears decade high as reopening juices price growth across the economy

7 days ago   |   By Business Insider

Bolstered by three rounds of stimulus checks, US consumers are spending more.
Justin Sullivan/Getty Images
The PCE price index - a popular inflation gauge - rose to 3.5% from 1.7% in the first quarter.
The measure signals that reopening and stimulus boosted demand, lifting prices at a nearly decade-high rate.
The Fed expects inflation to climb but only temporarily, before fading to normal levels.
See more stories on Insider's business page .
The inflation that economists and the Federal Reserve have been warning of for months has arrived. The Personal Consumption Expenditures price index...
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A 'drop the mic' quarter: 3 Apple stock analysts explain why they're boosting price targets after a monster 2nd-quarter earnings report

7 days ago   |   By Business Insider

Majdi Fathi/NurPhoto via Getty Images
Apple turned in earnings and revenue for its financial second quarter that surged past Wall Street's expectations
Goldman Sachs upgraded Apple shares to neutral from sell following the earnings report.
JP Morgan and Wedbush increased their price targets for the tech giant.
See more stories on Insider's business page .
Apple's second-quarter financial report outstripped expectations set by Wall Street, bolstered by a 66% climb in iPhone sales and the reopening of its 220 stores in the US that had been shut by the pandemic. Quarterly revenue of $89.6...
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