Tag: Breaking News: Economy
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The Iran war risks bringing the G7’s fastest-growing economy to a halt
The U.K. economy is showing further signs of a long-awaited rebound, but the picture is complicated by the fallout from the Iran war and high energy prices.
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U.S. budget deficit surged in July to highest level since March 2021
Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.
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‘Nobody wants it’: Lettuce prices see record-setting plunge as cyclospora spooks consumers
Lettuce prices posted their sharpest month-over-month decline on record as diners reconsider the vegetable amid the cyclospora outbreak.
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Here’s the inflation breakdown for July 2026 — in one chart
Costs remain elevated for consumers, however inflation is showing some signs of easing, economists say.
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Consumer prices rose 0.1% in July, as expected, putting the annual rate at 3.4%
The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.
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AI’s costly buildout complicates the Fed’s inflation fight
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center buildout create inflation pressures that complicate the Fed’s job.
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Stocks making the biggest moves midday: Jabil, AppLovin, Apollo, SpaceX, Upwork & more
Here are some of the companies making headlines in midday trading.
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Treasury yields up as oil prices jump and investors await inflation data
U.S. Treasury yields edged higher Tuesday as investors await July’s inflation data print amid ongoing Iran tensions.
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Hormuz Deadlock: Where oil prices could head next as prospects for an imminent deal fade
Oil traders keep clinging to hope that the Strait of Hormuz will reopen. That won’t last forever.
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Treasury yields inch lower as investors look ahead to key inflation data
U.S. Treasury yields inched lower at the start of the week as investors look ahead to a busy week of economic data, particularly key inflation data.
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