Lettuce prices plunged more than 16% in July, according to new inflation data.
AI:Lettuce prices experienced a massive plunge of over 16% during July, marking a record drop driven largely by the ongoing cyclospora outbreak that has sickened thousands across the country. This sudden collapse in market value comes as health officials struggle to contain the contamination linked to fresh produce and trace the origins within the food safety system.Open
The Dow Jones closed 1,153 points lower than it opened at, which is a 2.2% drop. The S&P 500 and the Nasdaq Composite also suffered smaller setbacks Wednesday, with the S&P dropping 1.5% and the Nasdaq falling 1.7%.
Gold and silver prices cratered Friday after President Trump named Kevin Warsh to lead the Federal Reserve, following months of gains driven in no small part by fears over the central bank's independence. The big picture: The selloff follows a year when the precious metals soared as if they were meme stocks or the hot new tech darling. Today's plunge was seen by many market analysts as an inevitable move for an asset class primed to retreat, with the Fed news merely a catalyst. State of play: Gold futures tumbled 9% Friday afternoon, to $4,901 per ounce. It saw the biggest daily decline since the early 1980s, per Bloomberg . - Silver plunged 27%, to $83.35 an ounce, the steepest one-day decline since 1980, per MarketWatch . What…