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Bloomberg News Now: Inflation Jumps, Markets Slide, Global Tensions Rise
Posted
May 12, 2026
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5:58Now PlayingU.S. inflation accelerated in April, driven by rising gas and grocery prices, with CPI up 3.8% year over year. JPMorgan CEO Jamie Dimon warns markets may be overly exuberant as geopolitical risks intensify across the Middle East, Ukraine, and China. Stocks fell sharply, oil surged, and Treasury yields held steady in a volatile trading session. President Trump criticized Iran’s latest response to peace negotiations while preparing for talks with China’s President Xi Jinping. Overseas, UK Prime Minister Keir Starmer faces mounting pressure to resign as internal party turmoil grows. Plus: eBay rejects GameStop’s takeover bid, Under Armour stock plunges, Hims & Hers pivots to branded weight‑loss drugs, and Spotify launches a 20‑year fan experience.
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