Tag: US

Excluding food and energy, the personal consumption expenditures price index showed a 3.4% annual rate after rising 0.3% for the month, both in line with Dow Jones consensus. The core reading was the highest since October 2023.

President Donald Trump said Wednesday that Iran had informed him there would be no tolls, insurance costs, or charges of any kind for ships looking to pass through the strategically vital Strait of Hormuz.

News that the U.S. and Iran had reached an interim deal may have brought some initial relief to markets, but fresh uncertainty emerged on Friday after planned follow-up talks in Switzerland were called off, underscoring the challenges of turning the agreement into a lasting peace settlement.

Oil prices declined Thursday after President Donald Trump signed ​a deal ​with his Iranian counterpart Masoud Pezeshkian to end the ​war in the Middle East, while the International Energy Agency flagged a supply glut next year.

Wholesale prices rose more than expected in May, indicating that pipeline inflationary pressures are percolating higher, the Bureau of Labor Statistics reported Thursday.

Trump threatens to take key Iranian island: President Donald Trump warned Thursday morning the US will hit Iran “VERY HARD TONIGHT” and threatened to take Kharg Island, which handles roughly 90% of Iran’s crude exports.

Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense.

Oil prices shot higher Wednesday after U.S. President Donald Trump declared that Iran will “pay the price” for being too slow to negotiate a peace deal.

A two-way ​trade deal under ‌negotiation between India and the United ​States can ​be finalised after the ⁠conclusion of ​Section 301 unfair ​trade practices investigations by Washington, an Indian ​trade official ​said on Monday.

Iran’s military has ceased strikes against Israel, the Ministry of Foreign Affairs told CNBC on Monday, but Tehran warned it would resume hostilities if the IDF continues operations in Lebanon.

The nation’s top bank regulators plan to tell Congress on Thursday that their efforts to trim bank rules and ​oversight will bolster economic activity and innovation without injecting undue risk ‌into the financial system.

Wholesale prices in April posted their highest annual increase in more than three years, signaling more nettlesome inflation as pipeline costs intensify.

More than one ‌dozen CEOs and top executives ​will join ​the U.S. delegation ⁠as President Donald ​Trump travels to China ​this week, according to a White ​House ​official.

President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal pushed oil ​prices higher on Monday, fuelling concerns that the 10-week-old conflict will drag on and continue to paralyse shipping through the Strait of Hormuz.

U.S. Transportation Secretary Sean Duffy said on Saturday he does not think the government needs to bail ‌out low-cost airlines that have sought $2.5 billion in government relief because of high jet fuel prices, following the collapse of Spirit Airlines.

President Donald Trump said Sunday that the U.S. will attempt to “free” stranded ships that have been trapped by the Strait of Hormuz closure since the war with Iran began.

A 10-day ceasefire between Lebanon and Israel went into effect ​on Thursday and President Donald Trump said the next meeting between the US and Iran may take place over the weekend, adding to optimism that the war could be nearing an end.

U.S. President Donald Trump on Sunday threatened to impose a 50% tariff on China, after a report emerged that Beijing was preparing to deliver a shipment of new air defense systems to Iran.

Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. Underlying inflation, however, was relatively tame.

The Senate agreed early Friday to end the shutdown for most of the Department of Homeland Security, which could end the travel chaos that has disrupted holidaymakers’ Spring Break plans.