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Consumer prices rose 3.5% in March compared to a year ago, accelerating markedly from the previous month and reversing some of the progress achieved in a two-year fight to cool inflation, U.S. Bureau of Labor Statistics data showed. The finding matched economists' expectations.

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A federal appeals court directed a lower federal court on Wednesday to consider the merits of a challenge to Maryland’s first-in-the-nation digital advertising tax on First Amendment grounds, while agreeing that three other challenges should be dismissed.

It’s a law that attorneys for Big Tech have contended unfairly targets companies like Facebook, Google and Amazon. The legal case is being closely watched by other states that have also weighed a similar tax for online ads.

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