GO in the Know: Worse-than-expected inflation report and top financial news for July 13

GO in the Know 3

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The inflation data is worse than even the pundits predicted, but on a positive note: You can score some free fries for National Fries Day. Here are the rest of today’s top financial stories.

The big plus: Inflation hit 9.1% in June

Inflation not only continued to rise in June, but was worse than expected. The Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) and the all-items index rose 9.1% in the 12 months ending in June, a new high of four decades.

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Featured business: Canoo and Walmart

Walmart announced it agreed to buy 4,500 all-electric delivery vehicles from electric vehicle (EV) company Canoo on July 12, sending shares soaring.

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This is interesting: 70% of Americans think a recession is coming

With inflation at a 41-year high, rising prices and rising rates, fears of a recession are rampant. Now, a new poll finds that 70% of Americans believe a recession is coming, and 59% expect one within the next six months.

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Bonus: These investment strategies are “silver linings” in a bear market

It’s disconcerting to watch your portfolio dwindle, even though you know you have time until retirement. However, you can make a bear market work to your advantage in a few ways.

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ICYMI: Yesterday’s GO in the Know

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!