Inflation in the US accelerated to its fastest rate in three years in April, fueled by soaring energy prices amid the ongoing Iran conflict, pressuring household incomes and economic growth.
Former President Biden sued the Justice Department to prevent the public release of confidential interview recordings connected to a special counsel’s probe into his handling of classified documents.
As summer travel begins, gas prices soar past $6 on the West Coast while Midwestern and Southern states see more moderate costs, despite sharp rises nationwide.
CME Group’s Bitcoin futures market will begin round-the-clock trading, eliminating weekend price gaps that have historically influenced short-term Bitcoin price targets.
Although SpaceX aims to raise $80 billion through its IPO, over three-quarters of the proceeds have been pre-allocated to repay debts and partners, limiting cash for AI expansion.
Nvidia’s Jensen Huang has accepted a position on the advisory board of Tsinghua University’s School of Economics and Management, deepening ties with China amid ongoing export restrictions.
South Korea’s central bank maintained its benchmark interest rate but indicated tightening ahead due to inflation pressures, robust growth, and currency volatility.
Bitcoin fell below $74,000 for the second time in May as on-chain data reveals weakening demand, large ETF outflows, and intensified market pressure around key price levels.
Global carmakers face growing challenges as Chinese manufacturers lead in electric vehicles, advanced batteries, and integrated software, reshaping the auto industry landscape.
The personal consumption expenditures (PCE) inflation rate climbed to 3.8% year-over-year in April, driven by surging gas and food prices, challenging the Federal Reserve’s policy outlook.