Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of everything from groceries and clothes to furniture and

US stocks turned mixed after June inflation data. Investors now turn to earnings. Nvidia jumps on hopes for China chip sales, lifting Nasdaq to record

The Dow fell 436 points. Nvidia rallied on easing export restrictions.

US inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch. Consumer prices rose 0.3% last month,

One of the central criticisms of the U.S. government’s response to the global financial crisis in 2008, and to the Federal Reserve’s decision to embark on its maiden round of quantitative easing, was that it would lead to hyperinflation.

Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.