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  1. Z

    'Funflation' is back and hitting gaming and streaming services

    "The price has been going up," Green said. "It's just hard to keep up." U.S. consumers have for years grappled with"funflation,"used to describe the sharply higher prices for live experiences likeconcertsorsporting eventsthat were halted duringpandemic lockdowns. Exclusive data analyzed for...
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    India's inflation accelerates to 4.38% in June, exceeding forecasts

    India's consumer price inflation rose to 4.38% in June, up from 3.93% in May as the U.S.-Iran war ‌and a weak monsoon raised food and fuel prices, adding to cost pressures. The headline inflation number was above economists' expectations for a 4.30% rise, according to a Reuters poll. The...
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    Australian rare earth miner surges as much as 29% after U.S. Department of War investment

    Shares of Australia's Sunrise Energy Metals jumped as much as 29% on Monday after the rare earth miner secured a$400 million investmentin long-term debt financing from the U.S. to support the development of the world's first primary mine for scandium. TheTrumpadministration's backing for...
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    Consumer prices rose 3.5% annually in June, less than expected as energy prices eased

    Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year's inflation surge, the Bureau of Labor Statistics reported Tuesday. Theconsumer price index, a broad measure of costs for goods and...
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    China posts slowest GDP growth since 2022, fanning stimulus calls

    China's economy in the second quarter expanded at its weakest pace since the fourth quarter of 2022, reinforcing calls for policy stimulusas an accelerating slide in investments deepened the strain on growth, while consumption stayed subdued. Gross domestic product growth came in at 4.3% in the...
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    Renewed Hormuz hostilities drive ECB rates rethink amid ‘extremely volatile’ outlook

    Several consecutive days of strikes exchanged between the U.S. and Iran have once again thrown oil prices into the spotlight — and cast uncertainty on the European Central Bank's interest rate decision next week. Investors on Wednesday were repricing for the ECB's July 22 monetary policy...
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    Trump says oil supermajors are making too much money. What will they do with it?

    Big Oil enjoyed ablockbusterprofit windfall in the second quarter. A key question now is whether the industry will use this cash bonanza to reward shareholders, strengthen balance sheets or invest for the future — all while trying to avoid agrowing political backlash. The five supermajors...
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    U.S. reaffirms grip on Hormuz blockade, turning away 55 ships as talks stall

    The U.S. military redirected 20 more commercial vessels away from Iranian ports last week under its naval blockade, signaling no let-up in maritime pressure as a deal to reopen the Strait of Hormuz stayed out of reach. U.S. Central Command said American forces hadredirected 55 commercial...
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    The producer price index was expected to be unchanged in June, according to the Dow Jones consensus forecast.

    Wholesale prices unexpectedly fell in June as sliding energy costs helped brighten the inflation picture, the Bureau of Labor Statistics reported Wednesday. Theproduce price indexposted a seasonally adjusted 0.3% decline for the month, compared with the Dow Jones consensus estimate for the...
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    World Cup watch parties gave bars and restaurants a needed boost, Fed says

    While theFIFA World Cupprovided a tourism boost to host cities, its positive impact was mitigated by economic weakness seen elsewhere, according to aFederal Reservereport released Wednesday. The soccer tournament, which the U.S. co-hosted, has fetched median admissions prices topping $900...
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    Import prices post surprise gain as costs of goods from China highest since 2008

    The cost of goods brought into the U.S. posted an unexpected increase in June as the price of goods from China rose by their largest monthly level in more than 18 years, the Bureau of Labor Statistics reported Friday. Import priceswere up 0.3% for the month, as a drop in energy was more than...
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    Canada's British Columbia declares state of emergency as more than 20,000 flee wildfires

    British Columbia declared a state of emergency on Saturday after thousands of people in the western Canadian province were ordered to flee a fast-moving wildfire that nearly doubled in size overnight. The Bald Range wildfire was burning out of control and grew rapidly to about 9,500 hectares...
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    Taylor Farms recalls salsa and guacamole over salmonella risk

    Taylor Farms said on Sunday it was recalling prepared food items containing jalapeños from retailers over concerns about potential salmonella contamination, a few weeks after removing lettuce from Mexico that U.S. authorities linked to the cyclospora parasite. The California-based supplier said...
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    Oil rises amid uncertainty over U.S.-Iran Strait of Hormuz deal

    Oil rose early Monday, as traders continue to assess mixed signals from the U.S. and Iran amid worries that a deal between both countries to open the Strait of Hormuz may not be anytime soon. Futures for international benchmarkBrent crudefor October delivery gained 1.09% to $84.46 a barrel...
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    CNBC Daily Open: Washington and Tehran both play it cool — but markets can't

    Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC's Daily Open. Markets ended last week convinced that a Strait of Hormuz deal was nearing, while Iran spent the weekend insisting that it is not in the room negotiating with the U.S. Trump told Axios...
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    Trump plans high generic-drug tariffs in 2028 to spur U.S. production

    President Donald Trumpsaid generic drugs imported into the U.S. will face zero tariffs for two years starting August 1, before a 100% levy takes effect in August 2028 and rises to 200% a year later. The phased schedule is intended to push generic drugmakers to move production onshore, Trump...
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    Kevin Warsh has homed in on three key phrases. How Fed watchers interpret them

    He's not quite at the level of obscurity of former Federal Reserve Chairman Alan Greenspan, but new Fed chief Kevin Warsh has settled on a few phrases that are notable for their repetition and lack of clarity. In five public appearances, starting with his nomination hearing in April, through...
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    Trump's new global tariff draws rebukes from trade partners

    U.S. trading partners from Canberra to Brasília have rejected the forced labor rationale behind President Donald Trump'snew global tariffs, while most signaled they would keep negotiating rather than retaliate. The Office of the U.S. Trade Representative on Thursday took action under Section...
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    Verizon mobile service restored after outage for thousands of customers in the U.S.

    Service was down for several hours Saturday afternoon for thousands ofVerizoncustomers in the U.S. The outages began around 3:30 p.m. ET, with Verizon receiving the highest number of complaints at more than 13,000 at its peak, according to data tracking site Downdetector. The largest number of...
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    Singapore tightens monetary policy in surprise move as rising oil prices rekindle inflation risk

    Singapore on Monday unexpectedly tightened its monetary policy for a second consecutive time, moving preemptively against a renewed oil price surge even as inflation at home stays subdued. The Monetary Authority of Singapore said it willincrease the rate of appreciationof the Singapore dollar's...

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