India announced a ban on wheat exports over the weekend, a move that threatens to drive up already-high food prices and worsen shortages of key crops caused by Russia’s invasion of Ukraine.
It’s inflation week. We’ll get April inflation numbers on Wednesday, and analysts are forecasting a similar pace of price rises (6.7%) as the previous month. That slowdown in the growth of inflation is welcome news, but the days of stable prices are still likely a ways off.
US airline regulators have rejected Boeing’s application to resume deliveries of its 787 Dreamliner planes to airlines, citing incomplete documentation—a decision that will add to billions in cost overruns for the aircraft manufacturer.
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
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