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CPI Report Live Updates: Inflation Cools to 3.5% Annually as Oil Prices Drop The New York TimesInflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJA Better Day for Inflation, a Bummer for IBM Bloomberg.comStock futures are flat after soft inflation reading lifts market: Live updates CNBC
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Global oil prices Tuesday were on track to notch their largest two-day rise since mid-March, buoyed by further escalation in the U.S.-Iran conflict.
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The company said the shortfall in its software and infrastructure business was tied to clients spending on memory ahead of price hikes.
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Morgan Stanley estimates that the iPhone 18 lineup could see a $200 price increase from the previous generation.
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Kevin M. Warsh, in his first testimony to Congress as chairman of the Federal Reserve, did not shed light on whether he supported higher interest rates to tame price pressures.
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The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy prices.
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The U.S. and Israeli attacks on Iran rattled world markets early Monday, with U.S. futures falling more than 1% and oil prices soaring.
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