Economy

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UK inflation holds steady at 2.8% in May

UK inflation holds steady at 2.8% in May

The Bank of England is due to update its monetary policy on Thursday.

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Three Iranian tankers exit U.S. blockade for first time in months as shipowners eye Hormuz in 'wary disbelief'

Three Iranian tankers exit U.S. blockade for first time...

At least three Iranian tankers carrying nearly five million barrels of crude oil...

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Putin-Xi talks revive stalled Russian gas pipeline as Iran war rattles energy markets

Putin-Xi talks revive stalled Russian gas pipeline as Iran...

Putin is expected to hold talks with Chinese leader Xi Jinping on Wednesday, with...

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UK-Gulf trade deal a 'monumental achievement,' Bahrain industry minister tells CNBC

UK-Gulf trade deal a 'monumental achievement,' Bahrain...

Abdulla bin Adel Fakhro said the deal was a win-win for the U.K. and Gulf states.

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Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries

Consumer sentiment hits fresh record low in May as Iran...

Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices...

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Americans are feeling inflation's pinch into the holiday weekend. Here's where prices are rising the most

Americans are feeling inflation's pinch into the holiday...

Prices related to travel, recreation and food saw particularly steep increases,...

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ECB 'will do what is necessary' to tame inflation, Bank of France governor tells CNBC

ECB 'will do what is necessary' to tame inflation, Bank...

Markets are overwhelmingly pricing in a rate hike from the central bank at its next...

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Fed’s Kashkari tells CNBC that inflation fight takes priority as labor market is 'in decent shape'

Fed’s Kashkari tells CNBC that inflation fight takes priority...

The Minneapolis Fed President warned that persistently high inflation risks becoming...

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Energy inflation has been more persistent than expected, Fed's Goolsbee tells CNBC

Energy inflation has been more persistent than expected,...

While oil prices have recently fallen on news that a peace deal between the U.S....

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Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy

Long-term unemployment is surging in the U.S. There are...

Long-term unemployment can have ramifications on financial, emotional and family...

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The May jobs report will be released Friday. Here's what to expect

The May jobs report will be released Friday. Here's what...

The stronger-than-expected start this year for job creation could be in for a reality...

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Inflation hits 3.2% in the euro zone as Iran war pushes energy costs higher

Inflation hits 3.2% in the euro zone as Iran war pushes...

Energy costs in the region surged by an annual rate of 10.9% in May.

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Job openings in April surged to 7.6 million, the highest in nearly two years

Job openings in April surged to 7.6 million, the highest...

The Bureau of Labor Statistics reported that available employment hit 7.6 million...

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U.S., Iran intensify attacks as ceasefire frays, peace talks stall

U.S., Iran intensify attacks as ceasefire frays, peace...

Iran's IRGC reportedly denied responsibility for the Kuwait airport attack, the...

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U.S. proposes fresh tariffs on 60 economies over forced labor trade practices

U.S. proposes fresh tariffs on 60 economies over forced...

USTR has proposed a 10% duty rate for economies that have adopted a full or partial...

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Private payrolls grew by 122,000 in May, stronger than expected, ADP reports

Private payrolls grew by 122,000 in May, stronger than...

Unlike prior months, where job growth was concentrated in healthcare and a few other...