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Oil prices jumped after the United States and Iran exchanged fire for a second day, heightening fears that the two countries could slide back into open conflict.
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US wholesale inflation rose sharply last month as Iran oil shock continues to drive up business costs CNN'The die has been cast': Trump allies fear it's too late to reverse economic woes PoliticoWholesale prices see biggest spike since 2022 as energy costs climb CBS NewsWholesale prices rose 1.1% in May, more than expected, on surge in energy CNBC
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US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022 AP News‘The die has been cast': Trump allies fear it's too late to reverse economic woes PoliticoTrump says ‘I love the inflation' as Iran war pushes prices higher Honolulu Star-AdvertiserWholesale prices rose 1.1% in May, more than expected, on surge in energy CNBC
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The world economy is weakening as energy prices fuel a new bout of inflation.
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A large portion of IPO shares will be allocated to retail investors, but they face penalties if they sell too soon.
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Prices are soaring on these everyday grocery items, driving up inflation The Washington PostOpinion | Inflation gets even worse The Washington PostTrump says ‘I love the inflation,' Bill Gates testifies about his Epstein ties AP NewsConsumer prices rose 4.2% annually in May, highest in three years CNBCTrump's inflation flippancy gifts Dems ready-made midterm ads
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Trump says Iran will ‘pay the price' after it targets U.S. assets in three countries The Washington PostTrump boils over after Tehran kept him waiting AxiosTrump's "Bomb The S*** Out" Warning, Iran's "Turn Region Into Hell" Threat NDTVTrump says Iran will 'pay the price' and claims they have 'taken too long' to agree to a deal CNBCDonald Trump say
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RBC Capital Markets reduced its 12-month price target from $70 to $50.
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