General News
Latest news from around the World.
U.S. Inflation Stayed Subdued Before Onset of Iran War
While February's Consumer Price Index report shows only modest price pressures, inflationary risks are rising once again as the conflict in the Middle East drags on.
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Inflation stabilizes, but rising oil keeps markets on edge
US inflation held steady in February, reinforcing expectations that the Federal Reserve is likely to keep interest rates unchanged in the near term, while analysts warn that rising oil prices and geopolitical tensions could complicate the outlook. The Consumer Price Index rose 2.4% in February from a year earlier, matching economists' expectations, while monthly inflation increased 0.3%, according to government data released Wednesday.
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1,000% Gulf Shipping Shock Ripples Through Markets But This $84B Insurance Broker Could Thrive
Insurance costs for tankers entering the Persian Gulf have surged dramatically as geopolitical tensions escalated around the Strait of Hormuz.
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US crude stocks rise, gasoline and distillate inventories fall - EIA
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.
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Consumer prices rose 2.4% annually in February, as expected
Prices consumers pay for a broad range of goods and services rose in line with expectations for February, offering a final look at inflation pressures before an oil shock tied to the Iran war rattled the outlook.
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European Union Agency Calls China A Fragile Power, Suggests Escalation In Trade Disputes
China's surging exports mask domestic economic vulnerabilities, including weak consumer demand and high local debt, fueling global trade tensions and policy pushback. EU policymakers are urged to leverage China's weaknesses, adopting a more confrontational stance to protect domestic industry and counter deindustrialization risks.
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Oil Prices Could Reach $200 A Barrel, Iran Official Says
This is a developing story and will be updated.
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Former Cleveland Fed Pres. Mester: High gas prices are salient for people's inflation perceptions
Loretta Mester, Princeton University Griswold Center for Economic Policy senior scholar and former Cleveland Fed president, joins 'Squawk Box' to discuss the February CPI inflation data, impact on the Fed's interest rate outlook, state of the economy, impact of the Iran war, and more.
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Consumer prices stayed subdued in February.
U.S. inflation stayed subdued in the month leading up to President Trump's war with Iran, which has rekindled concerns about resurgent price pressures as energy costs have soared.
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Wharton's Jeremy Siegel: The Fed still has room to cut interest rates this year
Jeremy Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business and WisdomTree chief economist, joins 'Squawk Box' to discuss the state of the economy, what to expect from February's CPI data, impact on the Fed's interest rate outlook, Iran war's impact on oil markets, and more.
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US Stocks Mixed; Dow Falls 300 Points
U.S. stocks traded mixed this morning, with the Dow Jones falling around 300 points on Wednesday.
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US Core Inflation Slowed in February Ahead of War With Iran
Underlying US inflation slowed in February from a month earlier as the consumer price index, excluding food and energy, rose 0.2% from January. Michael McKee reports on Bloomberg Television.
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Headline Inflation Could Keep Accelerating, Wilding Says
Pimco Economist Tiffany Wilding talks about risks to the economy due to the Iran war. She also says headline inflation could accelerate by a percentage point.
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February CPI Report: The Calm Before March's Expected Gasoline Spike
The February CPI report released by the Labor Department provided some calm before the high tide that is likely to roll in for the March print. Both the reported headline and core rates landed within expectations and within a range that likely keeps the Federal Reserve on its current policy track.
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Bank Stocks Slide After Iran Threatens To Target U.S.-Israeli Financial Institutions
Bank stocks slid slightly in pre-market trading Wednesday morning after Iran threatened to strike banks and economic interests in the Middle East linked to the United States and Israel, following an attack on an Iranian bank.
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Inflation rises 2.4% year-over-year in February
Inflation rises 2.4% year-over-year in February.
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Inflation held steady in February — though Iran war could reheat prices
Inflation held steady in February ahead of the war in Iran, though economists are concerned that energy shocks from the conflict could ripple across the economy – complicating the Fed's path to interest-rate cuts.
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Bill Ackman's Unconventional Public Offering Will Need a Convincing Sales Pitch
Investors balked at the billionaire's 2024 attempt to raise money for a new fund. He thinks he has a solution.
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Inflation was modest in February but remained above the Fed's target
The Labor Department released the February 2026 consumer price index (CPI), which showed that inflation remained elevated above the Federal Reserve's target.
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Ignore The Bears Again: The Market's Uptrend Remains Intact
Energy market volatility persists as oil prices swing on geopolitical uncertainty, but I believe the highs are behind us for now. Mounting military costs and ammunition constraints point to an imminent de-escalation, likely reducing energy market volatility in days, not weeks.
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