Tag: Breaking News: Economy
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CNBC Daily Open: Washington tightens squeeze on the Iranian economy
The U.S. seeks to escalate pressure from blockade to financial isolation, while Iran races to build a way around it.
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CNBC Daily Open: An ‘indefinite’ war, and a record-breaking rally
Hegseth says the U.S. Navy can blockade Iran for as long as it takes, while Wall Street responded by sending the S&P 500 to another day of record high.
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Stocks making the biggest moves midday: Netflix, Super Micro Computer, Sandisk, StubHub & more
Here are some of the companies making headlines in midday trading.
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Wholesale prices were flat in July, below expectations for 0.2% increase
The producer price index was expected to increase by 0.2% in July, according to the Dow Jones consensus.
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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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