Core inflation rate hit 3.4% in May, highest since October 2023, Feds preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
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Trump pledges rapid U.S. response for Venezuela after historic earthquakes kill hundreds
The swift U.S. offer of assistance reflects a degree of diplomatic realignment between the Trump administration and the Venezuelan interim government.
Industriya
Oil price falls to levels not seen since before Iran war
Energy prices have been on a wild ride since Iran responded to US and Israeli attacks by effectively closing the Strait of Hormuz.
Industriya
Factory job cuts in June neared financial crisis and Covid levels, S&P says
Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
Industriya
U.S. issues sweeping Iran oil sanctions waivers, unlocking billions in revenue for Tehran
The U.S. issued a sweeping rollback of sanctions on Iranian oil, offering Tehran an economic lifeline as negotiations toward a peace deal proceed.
Industriya
Struggling to find a job？ Try looking in Nevada
The sparsely populated state known for its world-class casinos and dry climate has been a hiring hot spot.
Industriya
Hormuz relief may not ease the economic toll that's already 'baked in,' analysts warn
Early signs of reopening of the Strait of Hormuz have lifted the most acute threat to global energy supplies but economic damages from the war will take months to unwind.
Industriya
Bank of England holds interest rates at 3.75% amid Iran war peace prospects
The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.
Industriya
Here are the five big takeaways from Kevin Warsh's first meeting as Fed chairman
The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely.
Industriya
UK inflation holds steady at 2.8% in May
The Bank of England is due to update its monetary policy on Thursday.
Industriya
Three Iranian tankers exit U.S. blockade for first time in months as shipowners eye Hormuz in 'wary disbelief'
At least three Iranian tankers carrying nearly five million barrels of crude oil have exited the U.S. Navy blockade.
Industriya
Japan raises interest rate to highest since 1995
The Bank of Japan has been raising rates from near-zero since 2024.
Industriya
UK economy shrank 0.1% in April as Iran conflict weighed on growth
U.K. GDP fell 0.1% in April as services activity declined and companies cited pressure from the Middle East conflict.
Industriya
UK economy shrank 0.1% in April as Iran conflict weighed on growth
The figure was in line with economists' expectations.
Industriya
Wholesale prices rose 1.1% in May, more than expected, on surge in energy
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
Industriya
Wholesale prices rose 1.1% in May, more than expected, on surge in energy
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
Industriya
ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs
The European Central Bank also raised its inflation forecasts and cut its growth outlook.
Industriya
ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs
The European Central Bank also raised its inflation forecasts and cut its growth outlook.
Industriya
Coupang: South Korea fines e-commerce giant $400m over massive data breach
The record fine comes after around 37.5 million users had their private data exposed.
Industriya
Energy prices take center stage as the ECB prepares to decide on rates
The ECB is expected to raise rates by 25 basis points as higher energy prices drive inflation and raise concerns about broader price pressures.
Industriya