Yahoo Finance’s Julie Hyman breaks down leading headlines, including UK inflation rising by 11.1%, NASA launching its Artemis One rocket headed to the moon, and Goldman Sachs paying $12 million to settle sexism complaints.
JULIE HYMAN: Let's get down to business now with a look at some of the other headlines we are watching. Rising household energy bills and food prices pushed British inflation to a 41-year high. That's according to data published a day before finance minister, Jeremy Hunt is expected to announce tax hikes and spending cuts, to control price growth.
Consumer prices rose 11.1% from the prior year. That is the biggest increase since October, 1981, and a big jump from September as well. That's according to the UK's Office for National Statistics. Energy prices could have been even higher if former Prime Minister Liz Young didn't cap energy bills to no more than 2,500 pounds per year.
NASA launched its multibillion dollar next generation Artemis One rocket from Florida, for its debut test flight just today at 1:47 AM Eastern time. The launch comes 50 years after the final Apollo moon mission, and kicks off the next chapter for NASA. That's the Artemis exploration program. The goal is to return astronauts to the moon as early as 2025, to establish a long-term lunar base and staging ground for manned missions to Mars. The program has enlisted commercial partners like Elon Musk's SpaceX, and space agencies of Europe, Canada, and Japan.
And Goldman Sachs paid over $12 million in a settlement with a veteran executive who complained internally about a toxic workplace for women in the upper ranks of the Wall Street firm. This, according to "Bloomberg." The executive alleged that senior executives-- including CEO, David Solomon-- made vulgar comments about women. Goldman Sachs has disputed the reporting, claiming there are factual errors. However, "Bloomberg" says that it stands by that report.