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US consumer inflation posts largest increase in three years in May ReutersHere's the inflation breakdown for May 2026 — in one chart CNBCInflation hits highest level since 2023, as the Iran war pushes up prices ABC7 New YorkCPI Report Today: Inflation Rises to 4.2% — Live Updates WSJUS inflation tops 4% for first time i
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Apple Struck the Right Notes With Its New AI Tools. Here Are 4 Features I'm Excited to Try CNETApple is embracing the fantasy of AI photo editing The VergeApple Spatial Reframing is the most unique AI tool from WWDC MashableApple's Image Playground doesn't suck anymore TechCrunchApple Intelligence gives Photos in iOS 27 its biggest editing upgrade in years AppleInsider
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The infectious diseases that experts worry could spread during the World Cup The Washington PostScrewworm is here, World Cup starting, things heating up (literally), and more Your Local EpidemiologistThe World Cup vs. bugs, germs and heat: Here's the game plan NPRHow do you stop Ebola at the World Cup? Politico
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The Spurs can match the Knicks' energy in the NBA finals but not their desperation | Chuck D The GuardianSan Antonio Spurs vs New York Knicks Jun 8, 2026 Box Scores NBA.comShould the Knicks be worried after Victor Wembanyama halted their momentum? Here's what history tells us Yahoo SportsWhere to Watch Knicks vs. Spurs in Game 3 of NBA Finals Live Online The Hollywood Reporter
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The economic banishment of all things Russian. Tariffs on Chinese imports. Pandemic-caused shortages of computer chips, bicycles, garage door parts and other imports. Brexit.
Just about everywhere you turn, you can see that the tectonic plates of the global economy have stopped converging and are starting to pull apart in ways that will determine new winners and losers, says Ethan Harris, head of global economics for Bank of America Securities. "Deglobalization is a gradual process, and in the long run, very important" to investors, he says, because it will have profound impacts on corporate profitability.
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Globalization refers to the increase of commerce across borders. U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. Strategists at BofA have estimated that over the past 20 years, globalization has contributed more than half of what has been a robust expansion in profit margins. Globalization has also helped to deliver low-cost goods to American consumers.
But now, says market strategist Ed Yardeni, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home. "Deglobalization was almost inevitable," Yardeni says. U.S. companies are starting to "reshore" production back to the U.S., "near-shore" it to neighbors such as Mexico, or "friend-shore" it to allies such as Vietnam.
Investment firm Piper Sandler counted more than 900 announcements of companies either building or expanding manufacturing facilities in the U.S. in the 12 months ending in May of 2022. In 2012, there were only about 100 such announcements. Over the long term, companies
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