Good morning investors! Inflation reports comes unsatisfactory (as expected).
Today we cover:
Inflation jumps
Hims & Hers falls
Staying healthy
📊 Economy and News
US inflation jumps to 3.8% in April, driven by energy and food
U.S. consumer prices rose sharply in April, pushing annual inflation to 3.8%—the largest year-on-year increase in three years.
Energy costs (up 3.8% for the month) accounted for over 40% of the monthly CPI rise after oil and fuel prices surged amid the U.S.-Israeli war with Iran, and gasoline alone jumped 5.4%.
Food costs accelerated too, with grocery prices rising 0.7% and notable jumps in beef, dairy and coffee.
Core inflation (excluding food and energy) also climbed, reflecting higher rents and services: owners’ equivalent rent and hotel rates both increased, and airfare rose on strong jet-fuel demand.
Wages increased 3.6% year-on-year, but pay gains have been outpaced by rising prices for the first time in three years, squeezing household budgets.
The hotter inflation data strengthened expectations that the Federal Reserve will keep interest rates elevated into 2027.
Interestingly, traders on Kalshi think inflation will likely rise above 4.5% in 2026. A smaller number believe price increases will breach 5%.
Global hits:
India’s inflation in April rises for sixth straight month, but undershoots estimates.
ECB may need to raise rates due to Iran war.
Trump says Ukraine war nearing end, expects settlement soon.
Check this: Senate confirms Kevin Warsh as Fed governor, clears way for chair vote.
Student loan interest rates are expected to rise for 2026-27.
Reminder: US posts smaller budget surplus in April as tax refunds rise as Trump admin processing $35.5 billion in tariff refunds so far. Also, U.S. power demand to hit new records through 2027.
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📈 Stocks
S&P 500 7,400.96 (-0.16%)
DJIA 49,760.56 (-1.37%)
NASDAQ 26,088.20 (-0.71%)
BRENT CRUDE 107.4 (+3.27%)
* Prices as of May 12th, 12:20 AM UTC
Hims & Hers Falls After a Disappointing Report
Digital health firm Hims & Hers’ stock fell over 14% on weak first-quarter earnings.
The company reported a net loss of $92 million in the first quarter, up from $50 million last year. Its adjusted Ebitda was $44 million, down from $91 million last year. Meanwhile, revenue was up 4% to $608 million. Average monthly revenue per subscriber was $80, down from $85 last year.
Hims is expecting revenue in a range between $680 million and $700 million for the second quarter, and is forecasting up to $3 billion in revenue for the full year.
It forecast adjusted earnings before interest, taxes, depreciation, and amortization up to $55 million for the second quarter, and up to $350 million for the full year.
The company recently reached an agreement with Novo Nordisk to sell its branded weight loss drugs.
Interesting: United Airlines flight attendants ratify new contract with 31% raises this summer.
EBay’s board rejected GameStop’s $56 billion takeover bid, calling the unsolicited offer “neither credible nor attractive.”
Google is rolling out new Gemini-powered Android features, ahead of its developer conference next week. The AI can understand screen context and complete multi-step tasks like building shopping carts or booking reservations.
Surprising: Auto-state lawmakers seek to keep certain Chinese vehicles out of U.S. as Trump heads to Beijing. In other news, Waymo recalls 3,800 robotaxis after glitch allowed some vehicles to ‘drive into standing water’
💵 Personal Finance
Five low-cost habits that boost lifespan and wellbeing
Experts say you don’t need expensive gadgets or extreme regimens to live longer—just a few simple, repeatable habits.
Prioritize consistent sleep: aim for a regular bedtime and enough rest to feel refreshed; quality sleep is free and foundational.
Eat whole, nutrient-dense foods: favor vegetables, whole grains, and protein at each meal, cook more at home, and limit ultra-processed foods.
Move daily and build strength: sit less, walk regularly, and lift weights two to three times a week to preserve muscle and mobility.
Cultivate close relationships: strong social bonds are a leading predictor of a longer, happier life—spend time with people who restore you.
Manage stress and rest: schedule short daily breaks of quiet or stillness and avoid perfectionism around health behaviors.
Make healthy choices most of the time, but allow occasional pleasures—rigid rules and constant worry can harm wellbeing more than an occasional treat. Always check with your doctor before making major changes.
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