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Inflation rises to a 3-year high on spiking gas prices, squeezing Americans financially22:13 Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat rising costs pose for the Trump administration as midterm elections near Ads in New York must now label AI-generated 'synthetic performers'22:13 New York has implemented a law requiring advertisements featuring AI-generated people to clearly label them as “synthetic performers.” Melania Trump unveils a spinoff of Trump Accounts for foster kids19:31 First lady Melania Trump and Treasury Secretary Scott Bessent have announced the launch of Fostering the Future Accounts Average US long-term mortgage rate rises to 6.52%, just below its high for the year18:27 The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started Citing fallout from Iran war, World Bank cuts forecast for global economic growth16:20 The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday US producer prices rose 6.5% on higher energy prices, largest yearly jump since 202215:15 U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices US jobless aid filings rise to 229,000 last week, remain historically low despite war15:15 U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran Europe's central bank raises rates to fight inflation, the Fed to decide next week15:15 The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war Elon Musk's SpaceX is about to make its debut on Wall Street. What to know13:39 Elon Musk’s rocket company SpaceX will make its debut on Wall Street Friday and both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece Trump has a new, surprising take on the higher cost of living: 'I love the inflation'9:51 President Donald Trump has a surprising take on a new report that shows inflation spiking to its highest level in three years US launches a second day of strikes on Iran and Iran fires back at the Gulf states and Jordan9:51 The United States has launched a second round of airstrikes on Iran and Iran has fired back at Gulf Arab states after President Donald Trump warned that Tehran would “pay the price” for stalled negotiations Still thinking about World Cup tickets? Here's where prices, availability stand2:55 The World Cup starts Thursday, and FIFA is charging record prices at the 11 stadiums in the United States, three in Mexico and two in Canada Saudi Arabia lifts 5-year ban on Lebanese imports, marking thaw in Gulf-Lebanon ties1:51 Saudi Arabia has ended its five-year ban on Lebanese imports, a significant move to rebuild relations between Lebanon and Gulf countries |
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