"Twitter's New CEO and US Financial Updates Dominate Headlines"
Inflation increased 0.4% in April, leading to a year-over-year increase in prices of 4.9%. Initial unemployment claims hit the highest level seen since October 2021, while unemployment remains at a historic low. The US Treasury has warned that the country could hit its debt ceiling by 1 June, and former president Donald Trump has told Republicans that they should allow the country to default if Democrats do not cave to their demands.
