Investors see stagflation ahead but slow interest rate cuts, CNBC Fed survey finds
Respondents continue to forecast weaker growth and higher inflation than they did at the beginning of the year. ...
Economy
Trump signals escalation in Israel-Iran conflict as he leaves G7 summit early
The conflict also prompted a statement from G7 leaders, affirming support for Israel, while calling for a resolution to the…
Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers
Sentiment among the nation's homebuilders fell due to stubbornly higher mortgage rates, tariff concerns and economic uncertainty among consumers. ...
Santos shares soar over 15% on ADNOC-led group’s $18.7 billion takeover bid
The move marks the biggest intraday jump in Santos' shares since April 2020. ...
China’s May retail sales grow at fastest pace since December 2023 as subsidies help boost consumption
Growth in industrial output slowed to 5.8% year on year in May from 6.1% in the prior month. ...
Energy giants Baker Hughes, Woodside shy away from making oil forecasts as Iran-Israel conflict escalates
"Never try and predict what the price of oil is going to be, because there's one sure thing: You're going…
Taiwan blacklists China’s Huawei and SMIC, further aligning with U.S. trade policy
Taiwan has added China's Huawei and SMIC to its trade blacklist in a move that further aligns it with U.S.…
Suspect Vance Boelter apprehended in Minnesota lawmakers shooting case
Boelter allegedly killed Minnesota Democratic state Rep. Melissa Hortman and her husband, Mark, in what appears to be a politically…
Trump approves U.S. Steel merger with Japan’s Nippon after companies sign national security agreement
President Donald Trump issued an executive order on Friday approving U.S. Steel's merger with Japan's Nippon Steel, after the companies…