Oil Prices Rise As Crude Inventories Fall and Us Inflation Eases
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Import prices fall sharply in another sign of fading U.S. inflation
The cost of imported goods fell in May by the largest amount since the end of last year, adding to recent evidence inflation might be slowing again.MarketWatch - Business -
Goolsbee is thrilled by low inflation readings but says Fed needs more proof that prices are easing
A slowdown in inflation in May was a big step in the right direction, Chicago Federal Reserve Bank President Austan Goolsbee said Friday, but prices need to decelerate further to support a reduction in U.S. interest rates.MarketWatch - Business - Federal Reserve -
Comex Gold, Silver Settle Higher
Gold settled up 1.4%, with silver also rising 1.4% on the day. Both metals posted weekly gains.The Wall Street Journal - World -
U.S. Inflation Falls to 3.3% in May
The rate of inflation in May over the previous year.The New York Times - Business -
U.S. crude oil snaps three-week losing streak as forecasts point to tighter market
Oil prices are gaining on expectations that summer fuel demand will draw down inventories.CNBC - Business -
Tesco boss says he is ‘well paid’ as investors vote on £10mn package
Shareholder vote on Ken Murphy’s pay comes as executive remuneration is in the spotlightFinancial Times - Business -
UK public inflation expectations fall to lowest in nearly 3 years
BoE survey will be welcomed by policymakers ahead of interest rate decision next weekFinancial Times - World - United Kingdom -
Oil scores biggest weekly gain since early April
Oil futures fell slightly on Friday but maintained solid weekly gains that more than erased the tumble seen after OPEC+ on June 2 announced a plan to begin phasing in the return of around 2.2 million barrels a day of crude later this year.MarketWatch - Business -
Ukrainian Sailors Are Using Telegram to Avoid Being Tricked Into Smuggling Oil for Russia
Contract seafarers in Ukraine are turning to online whisper networks to keep themselves from being hired into Russia’s sanctions-busting shadow fleet.Wired - Tech - Ukraine -
Tesco's sales rose in the first quarter and the grocer backed its guidance for the year, with easing inflation supporting strong volume growth and market share in the U.K.
Tesco’s sales rose in the first quarter and the grocer backed its guidance for the year, with easing inflation supporting strong volume growth and market share in the U.K.The Wall Street Journal - World -
Consumer sentiment falls to 7-month low on worries over inflation and weaker incomes
An early reading of U.S. consumer sentiment in June fell to the lowest level in seven months, reflecting lingering worries about high inflation as well as slower growth in household incomes.MarketWatch - Business -
Crude Futures Settle Lower, But Post Weekly Gains
Oil futures slipped into the weekend with their first decline in five sessions.The Wall Street Journal - World -
Middle East Crisis: U.S. Imposes Sanctions on Israeli Group for Blocking Gaza Aid Convoys
The right-wing group, Tzav 9, has for months tried to prevent aid convoys from Jordon from reaching the Gaza Strip, blocking roads and sometimes raiding the trucks, the State Department said.The New York Times - World - Israel -
The relentless rise of France’s far right
Once consigned to the fringes, French voters now have to decide if they are ready to hand power to Marine Le Pen’s partyFinancial Times - Business -
Americans’ awareness of Juneteenth is on the rise: Survey
Far more Americans are aware of Juneteenth and are going to celebrate it this year than in years past, a new survey found. The survey, conducted by YouGov, polled Americans on their awareness of Juneteenth, now a federal holiday that marks the day ...The Hill - Politics -
U.S. Natural Gas Futures Settle Lower As New Pipeline Starts Up
U.S. natural gas futures fell for a third straight day from highs reached early in the week on weather-driven demand.The Wall Street Journal - World -
Wholesale prices unexpectedly fell 0.2% in May
The producer price index was expected to show a 0.1% increase in May, according to economists surveyed by Dow Jones.CNBC - Business -
Signs point to mild gas prices in preelection summer
U.S. gas prices started the summer driving season lower than usual, with experts pointing to mild demand and cheaper oil as factors contributing to the moderate costs. Though confounding variables, such as the hurricane season and downstream ...The Hill - Politics -
Rising number of bright spots in emerging markets
Macroeconomic policies in many countries have undergone significant improvementsFinancial Times - World -
Surprise, Tesla Investors Vote for a Higher Share Price
Right or wrong, Elon Musk and his investors are co-believers in a glorious if imprecise future.The Wall Street Journal - World - Tesla -
Firefighters battle massive fire at northern Iraq oil refinery
Yahoo News - World -
UK hits Russia’s shadow oil fleet with sanctions to weaken Russia’s military
Yahoo News - World - Russia -
Children trapped in war zones because of UK refusal to ease refugee visa rules
‘Abject failure’ of family reunion scheme to provide legal route is leaving children at risk of trafficking or even death. Children are being trapped in war zones as a result of “impossible” bureaucratic requirements imposed on one of the few ...The Guardian - World - United Kingdom -
Argentine monthly inflation lowest in 2.5 years
Yahoo News - World -
Hot Funds and the Curse of 'Self-Inflated Returns'
When billions of dollars gush into an ETF that just reported big gains, more gains can soon follow. The problem: The investors themselves are driving those gains—and will suffer when their impact fades.The Wall Street Journal - World -
3 gold investing moves to make with inflation cooling
As inflation continues to drop, prospective gold investors may want to make some strategic moves in response.CBS News - Top stories -
Atos Shares Fall Further as Rescue Talks Continue
The latest decline came after the French IT company said has held talks with stakeholders about its financial restructuring, and provided some clarity about which creditors and bond holders can participate in which particular parts of the ...The Wall Street Journal - Business -
U.S. Stocks Trade Lower
U.S. stock indexes edged lower, after the S&P 500 and the tech-heavy Nasdaq closed at record highs for the last four sessions.The Wall Street Journal - World -
Treasury yields see biggest two- and three-week declines since December as bonds keep rallying
Treasury yields finished lower for a fourth straight session on Friday, touching the lowest levels in more than two months, after softer-than-expected U.S. inflation readings for May boosted expectations for a Federal Reserve interest-rate cut as ...MarketWatch - Business -
Stocks Fall, European Markets Sell Off
Investors dumped European stocks and snapped up safer government bonds amid French political turmoil. U.S. stocks opened lower.The Wall Street Journal - World -
Tesla May Raise Model 3 Price In Europe Due to Tariffs
Tesla will likely raise the price of its Model 3 in Europe as of July 1 in response to planned EU tariffs on electric vehicles made in China.The Wall Street Journal - Business - Tesla -
BYD Shares Rise After Milder-Than-Peers EU Tariffs
Shares of BYD jumped on investors’ optimism that the world’s largest electric-vehicle maker would maintain its competitive edge despite planned additional tariffs from the European Union.The Wall Street Journal - Business - European Union -
Amazon Has Upended the Streaming Ad Market, and Netflix Is Paying the Price
Netflix is embracing product placement and cutting ad rates significantly as Prime Video helps drive prices down.The Wall Street Journal - World - Netflix -
A Rising Star and a Team in the Finals Rekindle Memories in a Changed City
The return of the Edmonton Oilers to the Stanley Cup finals after 18 years has brightened up Alberta’s capital after some difficult times.The New York Times - World -
What the rise of right-wing populism in EU countries says about Europeans
The European Parliament election outcomes signal a concerning resurgence of fascism, nationalism and the specter of conflict across Europe.The Hill - Politics - European Union -
Hargreaves Lansdown co-founder says price ‘not main consideration’ for selling business
Stephen Lansdown says he wants to know what any new owner would do with the retail investment siteFinancial Times - Business -
Cocoa prices are soaring. Candy makers will need to get creative
Hershey, Mondelez, Mars and Ferrero are among the companies that will have to get creative to deal with soaring prices for cocoa, a key ingredient in chocolate.CNBC - Business -
Scams against seniors are on the rise: ‘There’s no magic wand to get that money back’
How older adults can avoid cybercrimes and financial scamsMarketWatch - Business -
Female play-by-play broadcasters are on the rise in men's sports. So is the criticism.
Jenny Cavnar became the first woman to serve as an MLB team’s primary play-by-play announcer earlier this year.NBC News - Top stories -
Rising violence against politicians is an attack on democracy itself | Simon Tisdall
Seemingly random assaults in Britain and other parts of Europe are coming from left and right. The response of Mette Frederiksen, Denmark’s centre-left prime minister, to being physically assaulted in a Copenhagen street was dignified and very ...The Guardian - World