THE WEEK IN BUSINESS: Records, Oil, Inflation and a World That Refuses to Slow Down
The world gave investors plenty of reasons to worry this week. Oil remained expensive. The Strait of Hormuz remained severely disrupted. Washington and Tehran remained far apart. Long-term U.S. borrowing costs flashed warning signs. Consumers showed signs of becoming more cautious. And businesses continued trying to figure out what an increasingly unpredictable global economy…