Bloomberg Swedish inflation surged more than expected in April, increasing expectations country’s central bank will have to speed up rate hikes it flagged last month to restore trust in its policy target. The central bank’s target measure, CPIF, accelerated to 6.4% on an annual basis in April, the highest level since 1991, according to data released by Statistics Sweden ...

  Bloomberg Global stocks and US equity-index futures tumbled as stubborn inflation in the world’s biggest economy bolstered the case for more aggressive monetary tightening by the Federal Reserve. Contracts on the S&P 500 Index slid 0.7% after the equity gauge slumped to the lowest level since March 2021. Nasdaq 100 futures lost 1.1%. Equity benchmarks from Hong Kong to ...

  Bloomberg Coinbase Global Inc founder Brian Armstrong had a personal fortune of $13.7 billion as recently as November and about $8 billion at the end of March. That’s now just $2.2 billion, according to the Bloomberg Billionaires Index, after a selloff in digital currencies from Bitcoin to Ether triggered a precipitous decline in the market value of Coinbase, the ...