While all Americans are feeling the pain at the pump, some are paying more than others. Gas prices are highest in Democrat-led states, according to a list of average gas prices by state published by AAA. The top five states with the most expensive average cost of regular gasoline per gallon are led by Democratic…

MEXICO CITY—Passenger traffic at Grupo Aeromexico in December reached its highest level since the start of the COVID-19 pandemic, the Mexican airline said on Thursday. Aeromexico transported 1.74 million passengers last month, or 98.9 percent of the 1.76 million people it moved in December 2019, the company said in a statement. Aeromexico’s total offer, measured…

The SPDR S&P 500 ETF Trust traded higher by 0.8 percent on Friday morning after the Labor Department reported a 6.8 percent increase in the consumer price index (CPI) in the month of November, the fastest inflation growth since 1982. The headline CPI rose 6.8 percent in November, exceeding economist estimates of 6.7 percent and…

LONDON—Consumer prices across the 19 European Union countries that use the euro currency have spiked to the highest level in over 13 years on the back of soaring energy prices and pent-up demand during the pandemic recovery, official figures showed Friday. Eurostat, the European Union’s statistics agency, said inflation across the bloc rose to 4.1…

LONDON—A key market gauge of euro zone inflation expectations rose on Friday to 2 percent, the ECB’s inflation target, for the first time in seven years, putting pressure on the central bank as it weighs how to proceed with stimulus when its pandemic-era support ends. The five-year, five-year forward inflation swap, a key market gauge…

Contracts to purchase previously owned U.S. homes rose strongly in May to the highest level for that month since 2005. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on contracts signed last month, rose 8.0 percent to 114.7. Economists polled by Reuters had forecast pending home sales would…

DUBAI, United Arab Emirates—Iran began enriching uranium Friday to its highest level ever, edging closer to weapons-grade levels to pressure talks in Vienna aimed at restoring its nuclear deal with world powers after an attack on its main atomic site. A top official said only a few grams an hour of uranium gas would be…