Oil prices climb after Iran fires missiles at Israel
Brent crude rose 2.6% to $95.50 a barrel after Iran fired missiles at Israel over the weekend.
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U.S. producer prices rise 1.1% in May as wholesale inflation hits 6.5%
U.S. producer prices rose 1.1% in May, lifting the 12-month wholesale inflation rate to 6.5%.
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World Bank cuts global growth forecast to 2.5% for 2026
The World Bank cut its 2026 global growth forecast to 2.5%, the weakest outlook since the pandemic began in 2019.
1 min read
Brent crude rises 2.6% as Iran fires missiles at Israel
Brent crude rose 2.6% to $95.50 a barrel after Iran fired missiles at Israel.
4 min read
US producer prices rise 1.1% in May as wholesale inflation hits 6.5%
Producer prices rose 1.1% in May, lifting the 12-month wholesale inflation rate to 6.5%, the highest since late 2022.
4 min read
SpaceX plans public share sale at $1.75 trillion valuation
Bankers value SpaceX at $1.75 trillion in the planned share sale, putting it among the world’s 10 most valuable companies.
1 min read
SpaceX files for IPO as shares begin trading June 12
Bankers are targeting a $1.75 trillion valuation for the company, which would rank it among the 10 most valuable firms.
2 min read
U.S. consumer prices rise 4.2% in May as Iran conflict lifts energy costs
U.S. consumer prices rose at a 4.2% annual rate in May, the fastest pace in three years, as Iran-related energy disruptions lifted costs.
2 min read
U.S. inflation hits 4.2% and stocks sell off on Iran escalation
The Dow fell 953 points and the Nasdaq slid nearly 2% as energy and rate fears hit stocks.
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NY Fed survey shows 43.7% of households feel worse off than a year ago
43.7% of households said they were worse off financially than a year ago in the New York Fed survey.
1 min read
Brent Crude Jumps 2.6% After Iran Fires Missiles at Israel
Brent crude jumped 2.6% to $95.50 a barrel in Asia trading after Iran fired missiles at Israel.
2 min read
SpaceX Sets $135 Share Price for Nasdaq Debut, Seeks $75 Billion Raise
SpaceX set a fixed offering price of $135 a share and aims to raise $75 billion at a roughly $1.75 trillion valuation.
1 min read