The renewal of U.S.-Iran hostilities threatens to reignite inflation just as price pressures were beginning to ease, raising urgent questions about the Federal Reserve's next move. Meanwhile, PepsiCo reports strong global sales but notes a soft patch in North America. In finance, a growing number of women are leaving Wall Street for social media content creation. Other stories include the rising taxpayer cost of wild horse roundups, baby boomer divorces complicating inheritances, and the challenges of renovating a 600-year-old home.
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Highlights
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U.S.-Iran war reignites inflation fears
Inflation that had started cooling after a ceasefire between the U.S. and Iran is now at risk of rising again as the truce collapses.