Lana

Hey, the folks betting on temperatures and tornadoes might be weather forecasting tech bros.

Plus, the anonymity of these wagers also makes insider trading, illegally using private info to profit before everyone else, easier.

One anonymous user bet $72,000 on a U.S.-Iran ceasefire minutes before it was announced for a $200,000 payout.

So it's dangerous to treat prediction markets as trustworthy signals, even about snowfall in Central Park.

Before we dive into the next story, it's time for our daily check-in with Carl.

You've got questions, he's got your answers.

Carl, what have you got for us?

Thanks, Carl.

Next up.

Fresh data out on Friday showed that US inflation rose at its fastest pace in two years, as the war in Iran started to show through in prices.

Consumers paid even more for things than the experts had expected, and energy costs were to blame for much of that.

Inflation rose to 3.3% in March, much loftier than February's 2.4%, as the ripple effects from the conflict in the Middle East pushed the cost of fuel higher.

Look at the energy category alone.

Prices popped by 12.5%.

Strip out food and energy, though, and things looked a bit calmer.

The core inflation gauge came in at just 2.6 percent.

Of course, it's not just a U.S.

problem.

On Friday, China's data showed producer prices — what they charge for goods right at the factory gate — rose 0.5 percent from a year earlier, ending a three-year streak of deflation, inflation's more evil twin.

But that's because more expensive oil spills over into factory expenses.