Novels still cast a spell in the age of BookTok: “Technology and working from home are encouraging more readers to become immersed in printed books” via Financial Times
The Bear Market Has Finally Arrived. Here’s How to Move On and Act Now: “With the S&P 500 more than 20% off its peak, and tech stocks down even further, your first task is to take a deep breath and assess your risk.” via Bloomberg
US inflation at new 40-year high as price increases spread: “Consumer prices surged 8.6% last month from a year earlier, faster than April’s year-over-year increase of 8.3%, the Labor Department said Friday. The new inflation figure, the highest since 1981, will heighten pressure on the Federal Reserve to continue raising interest rates aggressively.” via Associated Press