A weak monsoon is emerging as India’s next inflation risk, with a developing El Niño threatening to curb rainfall and push up food prices just as an easing oil relieves broader price pressures. Source: bloomberg.com

Bitcoin plunges to $58K on hot inflation, fading Fed rate-cut hopes, and crypto liquidations. Source: seekingalpha.com

KOMO 4 TV provides news, sports, weather and local event coverage in the Seattle, Washington area including Bellevue, Redmond, Renton, Kent, Tacoma, Bremerton, SeaTac, Auburn, Mercer Island, Bothell, Shoreline, Lynnwood, Mill Creek and Everett. Source: komonews.com

After a few months of treading water, economic fallout tied to the war in Iran is starting to set in across the Beehive State. Source: ksl.com

Initial forecasts suggest damage could cost as much as 7 percent of the South American nation’s GDP. Source: aljazeera.com

Welcome to The Hill’s Business & Economy newsletter{beacon} Business & Economy Business & Economy   The Big Story  Inflation hits 4.1 percent in May: 5 takeaways Fed… Source: thehill.com