Inflation is heating up as the Consumer Price Index, which represents food, energy, housing costs and sales rose 5% from a year ago in May.

The number of Americans filing for new unemployment benefits fell to a fresh pandemic low.

A new Tesla makes its debut Thursday. Tesla will launch its long-awaited Model S Plaid.

MORE: US unemployment claims fell to 376,000 last week, sixth straight drop

MORE: Another jump in prices tightens the squeeze on US consumers