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Massive amounts of often unexpected federal stimulus are about to hit local jurisdictions. Here are four things city officials and public-finance observers will be watching for.

Elon Musk says Tesla won’t take bitcoins for cars, due to environmental concerns.

U.S. wholesale prices increased sharply again in April and signaled that more inflation is bubbling up in the U.S. economy, just a day after another government report showed the cost of living rose at the fastest pace in 13 years. The producer price index jumped 0.6% last month.

Gold prices retreat on Thursday, heading for a third straight slide as the precious metal extended a fall from the highest levels since around February on the back of jitters centered on rising inflation.