The long-duration iShares 20+ Year Treasury Bond ETF fell for a sixth straight session on Wednesday, as elevated oil prices from escalating Middle East conflict stoked inflation fears and revived bets on a Federal Reserve rate hike.
President Donald Trump says his administration asked Walmart to lower prices for summer barbecues and road trips. But the retailer’s markdowns are a routine seasonal move — and many had been active for days before Trump’s post.
New Federal Reserve Chair Kevin Warsh on Wednesday acknowledged that inflation, while still elevated, is posing less risk than before—but he doubled down on the central bank's commitment to independence and price stability, pushing back against White House pressure for rate cuts.
Kraft Heinz scrapped a planned breakup in February and poured $600 million into its own brands, betting the worst of commodity inflation was over. Fresh data from the American Farm Bureau Federation suggests that bet may already be under pressure.
Gold slid toward $4,000 an ounce after the US and Iran exchanged strikes in the Persian Gulf, disrupting a ceasefire that had eased energy prices and tempered rate-hike expectations. The renewed hostilities threaten to keep inflation elevated, dimming the outlook for monetary easing.
The average 30-year fixed mortgage rate held at 6.49% this week, little changed from last week. But with oil prices tumbling to their lowest since the Iran War began, analysts see room for rates to move lower in the weeks ahead.
Japan's antitrust watchdog has raided six major ice cream makers on suspicion of colluding to hike prices, sparking outrage among consumers already grappling with inflation and record-breaking heat.
The national average for regular gasoline dipped to $3.999 per gallon on Thursday, a symbolic milestone driven by a sharp drop in crude oil prices after Washington and Tehran reached a surprise agreement. Yet drivers in states like California still face $5.64 per gallon, highlighting the uneven relief.
President Nicusor Dan tapped former mayor and development minister Adrian Vestea to lead a new government, aiming to restore stability amid soaring inflation and a political crisis.
The biggest soccer tournament in history begins Thursday in Mexico City. Plus: The Knicks pulled off the largest comeback in NBA Finals history, inflation hits a three-year high, and more.
Shares of AMD slid more than 5% in afternoon trading after the latest CPI print showed annual inflation at 4.2%—the hottest reading since 2023—reigniting expectations of a December rate hike. The selloff deepened amid a SpaceX IPO-related fund reallocation and fresh geopolitical jitters after Trump threatened military action against Iran.
A new report shows the world's billionaires have tripled their collective fortune in 15 years, reaching $20 trillion, while ordinary consumers struggle with inflation outpacing wage gains. Economists warn the widening gap echoes conditions preceding the Great Depression.
A new survey shows 71% of public school teachers work at least one side job, with many struggling to cover basic expenses as inflation outpaces salary growth.
California motorists could face sustained pain at the pump this summer as the state’s fuel excise tax rises, refinery shutdowns tighten supply, and geopolitical instability roils energy markets. Starting July 1, the gasoline tax will increase by 2 cents per gallon—to 63 cents—while diesel tax edges up to 48 cents. Analysts say the tax bump alone won’t trigger a dramatic price spike, but when layered with capacity cuts and global uncertainty, the outlook is more volatile.
Revised GDP data released on Monday showed Japan's economy expanded at a slower pace than initially estimated in the first quarter, as weak capital expenditure offset resilient consumption. The downward revision underscores growing headwinds from the Middle East conflict, which has driven up energy costs and clouded the outlook for the world's third-largest economy.
A senior Iranian commander declares war with the United States is unavoidable as negotiations stall, while Israel and Hezbollah continue to clash despite a claimed ceasefire. The widening conflict, economic turmoil in Iran, and renewed maritime tensions deepen the crisis.
Soaring beef prices, driven by the smallest U.S. cattle herd in 75 years, have forced iconic brisket spots to close their doors. Now the same cost pressures are testing the fast-food giant's ability to keep value-conscious customers happy, even as it leans on chicken to offset the sting.
The Brazilian government has extended a suite of fuel price relief measures for another two months, keeping subsidies and tax breaks in place through July 31 to shield consumers from volatile global oil markets tied to Middle East tensions.
With meat prices soaring under the weight of U.S. sanctions and a naval blockade, Iran’s government steps in to sell subsidized qurbani meat for Eid al-Adha — but for many, even basics have become a luxury.
With nearly three in four Americans rating the economy as poor, according to a new CNN poll, the Memorial Day holiday arrives under the weight of record-low consumer sentiment and sharp increases in the price of gas, ground beef, and other staples.
