Business
ECB raises key interest rate to 2.5% amid Middle East energy shocks
Rising Brent crude prices above $100 per barrel have prompted the European Central Bank to hike rates to combat a potential wage-price spiral.
Topic
Inflation
Business
Brent crude oil prices top $100 per barrel as US-Iran conflict escalates
Global energy benchmarks surged past $100 a barrel as military engagements in the Persian Gulf deepened disruptions to trade routes. The oil shock is driving up retail fuel costs worldwide and pressuring central banks.
Business
US diesel prices hit an all-time high of $5.848 a gallon amid global supply crunch
US retail diesel prices surged roughly 58% year-over-year to a record $5.848 per gallon, threatening freight logistics and food prices despite falling crude costs.
Business
US stocks fall as strong jobs report boosts Fed rate hike bets
A surprise surge in hiring and rising Treasury yields have pressured Wall Street, shifting the Federal Reserve's focus toward upcoming inflation data for its September 16 policy meeting.
Business
Global bond yields surge to multi-year highs amid rising deficits and inflation
Sovereign borrowing costs are climbing sharply worldwide, driven by widening national deficits and aggressive corporate borrowing to fund AI infrastructure.
Business
FTSE 100 Live: London index starts slightly higher, brent crude rising again
Long-term government borrowing costs across leading economies have surged to their highest levels since the 2008 financial crisis, driven by spiking energy markets and geopolitical friction involving the US and Iran.
World
UN weather agency warns strong El Nino to intensify from August
International authorities warn that an intensifying El Nino and rising ocean heat will bring below-normal rainfall, threatening South Asian agriculture.
Business
US economic growth slowed to 1.5% in second quarter
American economic growth decelerated to 1.5% in the second quarter, missing consensus expectations as rising energy costs and import demand weighed on the economy.
Business
US stock markets edge lower as rising oil prices fuel inflation fears
U.S. stock markets closed mixed as escalating conflict with Iran drove Brent crude prices higher. Investors are closely monitoring military developments and the potential for disruptions to global energy transit.
News
US gasoline prices climb above $4 per gallon amid Iran war disruptions
The national average price of gasoline in the United States rose to $4.0030 per gallon following the closure of the Strait of Hormuz and increased regional conflict. This price shift follows a rise in crude oil prices and impacts diesel costs, raising concerns regarding broader economic inflation.
Business
Wall Street ends higher on cool inflation data, strong earnings
Major U.S. stock indexes rose as favorable inflation data and positive corporate earnings reports drove investor optimism during the Wednesday session.
Business
South African rand weakens as Middle East tensions rattle global markets
Heightened geopolitical instability in the Middle East is driving investors away from emerging markets, placing severe inflationary pressure on the South African economy.
Business
Americans fear outliving their savings more than death
A growing majority of Americans report that the prospect of running out of money in retirement has become a greater concern than death itself. Driven by inflation and healthcare costs, many are now re-evaluating their financial strategies to address long-term security.
Business
Dollar hits 13-month high as market pricing shifts toward rate hikes
The U.S. dollar is tracking toward its largest monthly gain in nearly a year as investors recalibrate expectations for Federal Reserve policy. Driven by resilient labor data and persistent inflation, markets are now pricing in potential interest rate increases.