Ground beef averages $8.34 a pound as U.S. herd falls to 1951 low
Young cattle imports from Mexico fell more than 80% in 2026 after a screwworm outbreak, and Canada banned live cattle from the affected region.
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FedEx, Micron and PCE inflation headline a holiday-shortened market week
FedEx reports Tuesday with results that will include the spun-out FedEx Freight and guidance complicated by its shift to a December fiscal year-end.
Ground beef averages $8.34 a pound as beef prices strain grocery budgets
The U.S. beef cow herd is the smallest since 1951 after drought forced ranchers to sell animals earlier than planned.
FedEx reports with Freight transition and guidance in focus
Thursday’s PCE report for May follows CPI at a 3-year high of 4.2%, as investors watch whether lower oil prices ease inflation.
Ground beef prices top 20% since January 2025 as U.S. cattle herd shrinks
Ground beef is up more than 20% since January 2025 as a screwworm outbreak, drought and a smaller U.S. cattle herd tighten supply.
Tech companies tap debt markets as AI buildout raises financing costs
Goldman Sachs said tech capital spending as a share of cash flow is at its highest since the dot-com era, with 10-year Treasury yields near 4.45%.
Ground beef prices rise more than 20% since January 2025
Ground beef prices are up more than 20% since January 2025 as a smaller cattle herd, drought and a screwworm outbreak squeeze supply.
Amazon, Alphabet, Microsoft and Meta plan $750 billion in AI spending
Nvidia, Oracle, Amazon, Alphabet and Meta are turning to debt to help fund data center buildouts as borrowing costs become a bigger issue.
Greece tourism receipts rise 36.9% to nearly €2.8 billion in early 2026
Greece's travel receipts reached nearly €2.8 billion in January-April, up 36.9% from a year earlier, while nonresident arrivals rose 27.1%.
AI spending pushes Amazon, Alphabet, Microsoft and Meta toward bond market
CNBC says several tech giants are financing AI data center buildouts with debt, including tens of billions of dollars from Nvidia, Oracle, Amazon, Alphabet and Meta.
SpaceX prices stock at $135, setting valuation near $1.8 trillion
SpaceX priced shares at $135 in SEC filing, implying a valuation near $1.8 trillion before Friday's Nasdaq debut.
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.