Ed Kalecki

Wall Street banks are starting to test Anthropic's mythos model.

Bloomberg's Dan Schwartzman has more.

After swinging around the moon on a journey through space, a NASA crew of four astronauts is slated to return to Earth and splash down on the Pacific Ocean Friday evening.

capping the historic lunar return by the U.S.

The Lockheed Martin-built Orion crew capsule carrying the Artemis crew is set to take a fiery plunge through the planet's atmosphere before touching down under parachutes off the coast of California just about 5 p.m.

local time.

U.S.

inflation surged in March by the most in nearly four years as the war with Iran sent gasoline prices skyrocketing.

The consumer price index rose 0.9 percent from February, according to data out Friday.

From a year ago, it was up 3.3 percent, the strongest pace since 2024.

A record increase in gas prices was responsible for nearly three-quarters of the monthly advance.

Another measure that excludes food and energy costs increased at a slower-than-expected 0.2 percent base.

Jared Bernstein, former chair of the Council of Economic Advisers in the Biden administration, joined Kelly Lyons on Balance of Power and talked about how long the economic ripple effects could last after the war.

Jared Bernstein, former chair of the Council of Economic Advisors on Balance of Power with Kelly Lyons.

U.S.

consumer sentiment fell in recent weeks to a record low, indicating Americans increasing worries about mounting inflation due to the Iran war.

The preliminary April sentiment index slumped to 47.6%.

from 53.3 in March, this according to the University of Michigan data out Friday.

The survey period includes responses from March 24th to April 7th.

That was below all but one estimate in a Bloomberg survey of economists.