US retail and food services sales increased in May 2026, reflecting continued strength in consumer spending and exceeding market expectations, according to advance estimates released by the US Census Bureau. …
Business
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While a US–Iran deal to reopen the Strait of Hormuz may ease geopolitical tensions, auto repair shops in Tokyo and dealerships in Detroit are unlikely to see quick relief from …
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Global stocks and cryptocurrencies are rallying today, with top Asian indices like the Nikkei 225, Kospi, and Topix jumping by over 5%, after the US and Iran confirmed that they …
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Business
No rate cut likely at Warsh’s first Fed meeting, but here’s what markets will watch
by adminby adminThe Federal Reserve’s June policy meeting will mark a closely watched milestone for financial markets as newly installed Chair Kevin Warsh presides over his first Federal Open Market Committee (FOMC) …
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India’s retail inflation accelerated in May but stayed just below the Reserve Bank of India’s medium-term target, giving policymakers little room to sound relaxed as food, fuel and weather risks …
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Business
US PPI rises by more than expected; annual producer price rise highest in 3 years
by adminby adminUS annual wholesale inflation accelerated to its highest level in more than three years in May, though underlying price pressures remained relatively contained. Data released Thursday by the Bureau of …
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Inflation in the United States accelerated in May, largely driven by rising energy prices, while underlying price pressures remained relatively contained, according to data released by the US Bureau of …
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Business
After jobs report shock, US CPI data to test AI rally; here’s how to trade around it
by adminby adminUS stocks regained some footing on Monday after a bruising selloff at the end of last week, with technology and semiconductor shares leading a rebound as investors looked past short-term …
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The UK’s Financial Conduct Authority (FCA) said on Monday that it plans to introduce a new rule requiring all money market funds (MMFs) to hold sufficient liquidity to ensure adequate …
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The Iran war is becoming a bigger problem for household finances. What began as a geopolitical shock has turned into a direct cost-of-living issue, hitting fuel, borrowing costs, investments and …