Federal tax receipts boom, powered by inflation – POLITICO

CBO says receipts this year will be highest since 2000, when dot-com bubble drove a big revenue increase.

Wall Street rallies as Fed minutes meet expectations – Reuters.com

Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve's latest monetary policy meeting showed policymakers unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recessio…

Twitter agrees to pay millions in fines after US government alleges privacy violations – CNN

Twitter has agreed to pay $150 million in fines after the US government sued the social media company on Wednesday, alleging that it misled consumers about how it protects their personal data.

Baby formula crisis: Products from closed plant won’t hit shelves until at least mid-July, Abbott says – Fox Business

Baby formula from Abbott Nutrition's shuttered manufacturing facility will not hit shelves until mid-July, an official says.

Twitter will pay $150 million in privacy settlement – The Verge

The FTC and DOJ have settled with Twitter over an incident where Twitter “inadvertently” used phone numbers and email addresses provided for security to target ads.

Crypto in 2022: is there any hope of a comeback? – MarketWatch

One analyst highlighted $22,000, $20,000 and $17,840 as “realistic downside targets” for bitcoin in the second half of the year

We’ve found the best deals from Macy’s Memorial Day sale, happening right now – CNN

Modern lines and warm upholstery combine for a super-inviting sofa perfect for curling up with a book on or bingeing an evening of Netflix.

Elon Musk will put up $6 billion to drop Tesla loans from his Twitter deal – The Verge

The Tesla CEO had initially financed his bid to take Twitter private with $12.5 billion in loans against his ownership stake in Tesla, the popular manufacturer of electric cars.

Stocks Close Higher After Fed Minutes Signal Commitment to Raising Rates – The Wall Street Journal

Some retailers’ shares jump as companies including Nordstrom and Express raise their 2022 forecasts