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Latest improvement on inflation isn't ‘mission accomplished,' Fed Chairman Warsh says CNNWarsh pledges Fed policy 'regime change' to rid inflation 'tax' on American people CNBCWarsh Tells Congress the Fed Has ‘No Tolerance' for High Inflation WSJ
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Live updates: US carries out more strikes on Iran and begins blockade of Iranian ports CNNLive updates: Iran war news; US and Iran intensify conflict, with naval blockade set to resume CNNTrump threatens to strike Iran power plants unless deal reached - Middle East crisis live The Guardian'Enough Is Enough': Lawmakers Criticize Trump Over Resumption of Iran War Time MagazineThe U.S. is b
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Trump scraps threat of 20% fee on Hormuz cargo as US prepares to resume blockade of Iran ports BBCTrump Drops Plan to Charge Ships Fees in the Strait but Will Restore Blockade: Iran War Live Updates The New York TimesTrump retreat over Hormuz tolls suggests he is struggling to end Iran war BBCThe U.S. puts a blockade back on Iran as the Strait of Hormuz standoff escalates NPRUS military resumes Strait of Hormuz naval blockade
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U.S.-Iran War Latest: Oil prices surge as Trump aims to reinstate Strait of Hormuz blockade, U.S. to add fees CBS NewsOil prices off highs after Trump abandons 20% fee on Strait of Hormuz traffic CNBCTrump Backs Off 20% Fee for Strait of Hormuz Shipments Bloomberg.comTrump retreats from shipping toll, limits blockade in Strait of Hormuz The Washington Post
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IBM Shares Crashed 25% In Worst Day Ever—Here's Why ForbesIBM stock closes down more than 25% after preannounced earnings results Yahoo FinanceThis "will rattle many": IBM stock tanks as AI budgets shift Axios‘We Faltered': IBM Plunges Most Since at Least 1968 on Miss Bloomberg.comWhy CrowdStrike Stock Got a Big Boost From IBM's Earnings Warning Barron's
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US stocks hold steadier after inflation data, even as IBM plunges AP NewsInflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJSinking inflation gives Warsh and Trump a lift PoliticoConsumer prices rose 3.5% annually in June, less than expected as energy prices eased CNBC
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Supreme Court justices push Congress to boost security funding: "Threats have come very close" CBS NewsTakeaways From Rare Congressional Testimony by Two Supreme Court Justices The New York TimesSupreme Court Justice Barrett says 'the threat level is really high' in budget testimony CNBCSupreme Court warns Congress threats are rising and the court needs more security Axios
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The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation.
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U.S. and Iran Reignite War Over Strait of Hormuz: Iran Live Updates The New York TimesUS military hits targets across Iran in hours leading up to resumption of naval blockade Fox News'Enough Is Enough': Lawmakers Criticize Trump Over Resumption of Iran War Time MagazineUS attacks Iran and Tehran retaliates across the Middle East, threatening a return to all-out war AP NewsAmerica's Latest Weapon Against Iran: Sea Drones
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Trump retreats from shipping toll in Strait of Hormuz The Washington PostTrump Drops Plan to Charge Ships Fees in the Strait but Will Restore Blockade: Iran War Live Updates The New York TimesInside the 24-hour sprint to convince Trump to drop his plans to toll Strait of Hormuz CNNRenewed US naval blockade of Iran goes into effect, says military The Times of Israel
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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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WGA Sues to Block Paramount-Warner Bros. Merger VarietyAGs sue to block Warner Bros., Paramount merger ABC News - Breaking News, Latest News and VideosCalifornia AG blasts Paramount-WBD merger as ‘illegal,' says threat to leave state is ‘blackmail' effort Fox Business
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Computer software is now packed with AI, and that's driving up costs, inflation data shows.
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Billionaire Warren Buffett stops donations to Bill Gates charity BBCIn a Change, Warren Buffett Omits His Annual Gift to the Gates Foundation The New York TimesWarren Buffett to Offload Berkshire Stake in 8 Years as Gates Snubbed Bloomberg.comWarren Buffett is accelerating his charitable donations with aim to give away Berkshire wealth by 2034 CNBC
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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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IBM stock plummets more than 25% on Q2 earnings warning Yahoo FinanceIBM stock craters 23% after issuing second-quarter earnings warning CNBCSoftware Stocks Sink as IBM Miss Delivers ‘Devastating Blow' Bloomberg.comIBM warns AI boom is squeezing software budgets; shares sink in sector rout Reuters
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Warsh pledged Tuesday to "get monetary policy right" and defeat the inflation that has bedeviled the central bank for the past five years.
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Inflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJInflation falls for the first time in six years, as Fed Chairman Warsh prepares to face Congress CNNConsumer inflation rate falls for the first time since 2020 Los Angeles TimesCPI Report Live Updates: Inflation Cools to 3.5% Annually as Oil Prices Drop The New York TimesInflation cools more than expected in June as gas costs fall, underlying prices ease AP News
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