Price

• U.S. inflation accelerated in May, driven primarily by a surge in oil prices that pushed overall costs higher. • The increase was reflected in the personal consumption expenditures (PCE) index, which is the Federal Reserve's preferred gauge for measuring price growth. • Despite the rising costs, the report indicates that U.S. consumers appear to be shrugging off the inflationary pressure.

Company says it cannot shield customers from memory and storage chip costs – and iPhone hikes could be nextApple raised iPad and MacBook prices on Thursday, saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry’s datacenter buildout.The move does not affect Apple’s cash cow, the iPhone. But it would take starting price of the ⁠Neo, its lowest priced laptop, from $599 to $699 mere months after launch. Continue reading...

• US stock markets ended the session mixed, with the Dow Jones Industrial Average surging while the Nasdaq slipped due to price drops in tech giants Apple and Microsoft. • Gains in the financials, industrials, and healthcare sectors—led by Caterpillar, JPMorgan Chase, and UnitedHealth—helped offset losses in the technology sector. • Investors remain cautious due to inflation concerns, rising natural gas prices, and shifts in electric vehicle policy, though optimism persists regarding overall economic growth.

• Antique has maintained a 'Buy' rating for ICICI Bank, setting a target price of Rs 1,622 for 2026. • The target price represents a potential upside of 17% compared to the current trading price of Rs 1,387.70. • This valuation is driven by two near-term triggers expected to catalyze an earnings rerating for the bank.

• Indian benchmark indices, the Nifty and Sensex, rose as a decline in global oil prices bolstered investor sentiment. • The market rally was driven by a broader focus on global economic indicators, commodity price movements, and shifting interest-rate expectations. • This upward trend reflects the positive impact of lower energy costs on the Indian economy, which is highly sensitive to oil imports.

• Global markets rose as a rebound in tech shares drove gains across Europe and Asia, particularly in Japan and South Korea. • South Korea's Kospi index reached a record high of 8,930.30, surging 5.4% following significant jumps in Samsung Electronics (+5.3%) and SK Hynix (+13%). • Other Asian markets saw mixed results, with modest gains in Taiwan (+0.5%), India (+0.7%), and Shanghai (+0.2%), while Hong Kong's Hang Seng index fell 1.4%.

• Asian stock markets rose, driven primarily by a strong rebound in tech shares in Japan and South Korea. • South Korea's Kospi reached a record high, surging 5.9% to 8,968.22, fueled by gains of 5.4% for Samsung Electronics and 11.6% for SK Hynix. • Other regional markets saw modest growth, with Taiwan's Taiex up 0.8% and India's Sensex up 0.6%, while Hong Kong's Hang Seng fell 1.4%.

• US stock markets traded mixed on Thursday, with the Dow Jones Industrial Average rising as gains in AI-linked chipmakers balanced out losses in other sectors. • Micron Technology saw a significant jump driven by a positive artificial intelligence outlook, while Apple shares slid following the announcement of price hikes across several of its products. • This divergence highlights a market trend where investor enthusiasm for AI growth is offsetting concerns over consumer pricing strategies and demand for hardware.

Consumer prices rose 4.1% in May from a year earlier – a sign rising costs could pose problem for Trump in midtermsThe Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for Donald Trump and his political party as midterm elections near.Consumer prices rose 4.1% in May from a year earlier, the US commerce department said Thursday, the largest annual increase since April 2023. On a monthly basis, inflation was 0.4% last month, matching April’s increase and down from 0.7% in March. Continue reading...

• The Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, rose at an annual rate of 4.1% in May. • This figure represents the fastest pace of price increases seen in three years and aligned with economists' forecasts provided by FactSet. • The data underscores the significant challenges the central bank faces in its ongoing efforts to rein in inflation and stabilize prices.

• The S&P 500 rose approximately 0.6% on Wednesday as US stocks recovered from a recent technology-sector sell-off. • Market gains were driven by a decline in oil prices and falling Treasury yields, which reduced overall economic pressure on investors. • Market participants are closely monitoring the upcoming earnings report from Micron Technology to gauge the health of the semiconductor industry.

• The U.S. Bureau of Economic Analysis released the Personal Consumption Expenditures (PCE) price index data for May. • As the Federal Reserve's preferred gauge for measuring inflation, this data is critical for determining future monetary policy and interest rate decisions. • Market participants are analyzing the results to see if inflation trends align with the Fed's targets or present a surprise that could shift the economic outlook.

• Global oil prices have dropped to their lowest levels since before the US-Iran war, reversing the surge caused by the closure of the Strait of Hormuz. • The price decline is driven by trader optimism that a new US-Iran agreement will successfully reopen the critical waterway for shipping. • On Tuesday, the Senate passed a resolution directing the president to withdraw military forces from the conflict, signaling a lack of congressional support for the war.

• Global benchmark oil prices have dropped below $76 a barrel, reaching their lowest level since before the onset of the US-Iran war. • The price decline follows a memorandum of understanding signed last week between the US and Iran to halt fighting and reopen the Strait of Hormuz. • This agreement is significant as it offers economic relief to Iran in exchange for a pledge to never develop nuclear weapons.

• State Bank of India (SBI) is currently being tracked via a real-time market performance liveblog by The Economic Times. • Key financial metrics report a last traded price of 1052.7, a market capitalization of 972,491.72, and a trading volume of 8,546,071. • Additional valuation data includes a price-to-earnings (P/E) ratio of 11.69 and earnings per share (EPS) of 90.24.

Fears of long-lasting energy crunch ‘slinking away’ as vessel traffic doubled in 24 hours to highest level since late FebruaryBusiness live – latest updatesOil prices have fallen below levels seen before the Iran war started in late February as more oil tankers exited the strait of Hormuz.Brent crude, the global benchmark, fell to a low of $72.24 a barrel on Thursday, slightly lower than the day before the US and Israel launched missile attacks on Tehran on 28 February. Prices have fallen more than 20% this month. Continue reading...

• The S&P 500 and Nasdaq declined for the third consecutive day on June 24, 2026, driven by renewed selling pressure in the technology sector. • AI chip designer Cerebras (CBRS) saw its shares tumble 20% following its first public earnings report, which forecast a gross margin contraction of up to 10 percentage points this quarter. • Oil prices dropped to their lowest level since the start of the war, while FedEx (FDX) shares dipped slightly despite reporting quarterly results that beat Wall Street estimates.

Farm owners say government’s long-term direction fails to adequately fund a response to UK’s food security threatThe climate crisis will lead to food price shocks and shortages, the government has warned in its new plan for British farming.But farmers criticised the plan, which outlines for the first time the government’s vision for the long-term direction of farming, for failing to adequately fund a response to this threat to the UK’s food security. Continue reading...

Trump says he instructed justice department to investigate oil firms over high gas prices amid Middle East conflictDonald Trump said Wednesday that he had instructed the US Department of Justice to investigate oil companies for alleged price gouging, accusing them of not lowering gas prices enough amid conflict in the Middle East.“The big oil companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for oil. Those prices are dropping like a rock! In other words, customers are being ‘gouged.’ I have instructed the DOJ to immediately start looking into this,” Trump wrote in a social media post late Tuesday night. “Gasoline prices better start going down a lot faster than what I’m seeing!” Continue reading...

• US stock futures ticked higher, with S&P 500 contracts rising 0.1% and Nasdaq 100 futures rebounding 0.4%. • Investors are closely monitoring upcoming results from Micron Technology Inc. to determine if AI spending continues to meet market expectations. • The movement follows a period of volatility where the main index dropped over 3% due to valuation concerns, while South Korea’s Kospi recovered 3.3%.

Great Britain has paid at least six times normal for imported power as millions turn on air conditioning and windfarms’ output sagsThe heatwave has prompted a sharp rise in electricity prices across European markets as millions turn to air conditioners and electric fans to battle record high temperatures, which have also caused string of power plant outages across the continent.Great Britain imported electricity from Europe at more than six times the normal price on Tuesday as the high pressure heat dome has slowed wind speeds, hitting renewable energy generation, and caused outages at multiple gas plants across the country. Continue reading...

• US stock markets traded near record highs on Monday, driven by positive investor sentiment and easing oil prices. • Market optimism was fueled by hopes for progress in diplomatic talks between the US and Iran. • Despite the gains, rising Treasury yields indicated ongoing investor concerns regarding inflation and future interest rate hikes.

The victory may have dinged Labor’s chances of easily passing its significant cost-cutting reforms to the NDIS through the Senate in AugustGet our breaking news email, free app or daily news podcastThe government scored a crucial win on Tuesday, securing support for its tax changes through the Senate. But that victory may have dinged Labor’s chances of easily passing its other major budget measure – significant cost-cutting reforms to the NDIS – through the Senate in August.Labor’s deal with the Greens sees an inquiry into the NDIS extended for two months, with plans for new public hearings and more time for a committee process, after even the health minister, Mark Butler, admitted he had heard “confronting” evidence from the disability community fearful of losing access to key supports. Eight additional weeks of a public inquiry, spearheaded by an activist party hellbent on trying to kill this bill, is not nothing. Continue reading...

• Peter Andre expressed dissatisfaction after Lee Andrews, the new husband of Katie Price, claimed to have "adopted" Price's children, including Junior and Princess. • The claims were later revealed to be a farce, as investigations found no legitimate information about Andrews' company on its official website. • Further evidence suggests that Andrews' social media presence is fraudulent, with photos showing him alongside various celebrities appearing to be AI-generated.