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The Latest Breaking News from Inflation

60% of Harvard Grades Were A's in 2025. Now the School Is Fighting Grade Inflation.

Harvard faculty voted to put a 20 percent cap on A’s to combat grade inflation.

Reason

Stocks Rebound as Crude Oil Falls on Hopes for a US-Iran Deal

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.20%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...

Barchart

Dollar Supported by Middle East Uncertainty

The dollar index (DXY00 ) rallied to a 6-week high on Thursday and finished up by +0.13%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz boosted safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in...

Barchart

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Social Security COLA 2027 forecast jumps to 3.9% - here's what it means for retirees

Social Security COLA 2027 forecast increase: Seniors may see a 3.9% boost to their Social Security income in 2027, a projected increase from the previous year. However, persistent inflation, particularly in housing and fuel, continues to strain budgets. This adjustment, while welcome, might be offset by rising essential costs, impacting…

The Economic Times

US mortgage rates climb to 6.51% reaching their highest level since last summer

Several factors influence mortgage rates, including the Federal Reserve’s interest rate policy decisions and bond market investors’ economic and inflation expectations

The Independent UK

War weighs on global growth with price worries intensifying

Global economic momentum is slowing. Businesses face rising inflation pressures due to an energy crunch. Manufacturing and services sectors are struggling. Costs are forcing companies to absorb losses or pass them to customers. Policymakers grapple with balancing inflation control and economic growth. Investors are concerned about potential interest rate hikes.

The Economic Times

Iran war squeezes Europe’s economy as growth slumps, prices surge

Europe’s economy is slowing sharply as the Iran war drives up energy costs, deepening pressure on households and challenging policy makers. Fresh data for May showed euro zone business activity contracted at its fastest pace in more than two years while inflation pressures intensified, raising fears of a prolonged cost-of-living…

France 24

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Why Javier Milei’s inflation ‘miracle’ in Argentina is more of a mirage

When Javier Milei took over as president of Argentina in December 2023, monthly inflation was 25.5%. The annual rate for that year was 211%. Now it has plummeted.

The Conversation

Dollar Gains as Crude Rallies and Stocks Fall

The dollar index (DXY00 ) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz are boosting safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in...

Barchart

Trump approval sinks to record low among Republicans in stunning Fox News poll

The survey, conducted May 15-18, just before news of Trump’s highly criticized $1.8 billion DOJ ‘slush fund’ deal came to light, found over half of Republicans disapprove of how Trump is handling the economy

The Independent UK

An Emergency Fund Is 'Not About Making Money' — Dave Ramsey's 9 Ways to Protect Your Retirement

Ready to call it quits? From timing Social Security to planning, here are nine pieces of Dave Ramsey advice for a secure retirement.

Kiplinger

Advance Auto Parts Q1 Earnings Call Highlights

Advance Auto Parts (NYSE:AAP) reported what executives described as a solid start to fiscal 2026, with first-quarter comparable sales rising 3.5%, the company’s strongest quarterly growth in five years. President and Chief Executive Officer Shane O’Kelly said the results were driven primarily by th

MarketBeat

US jobless claims drop but inflation fears grow as oil prices surge and Fed eyes rates

IN FULL

The Independent UK

Jobs stall and prices surge amid Trump’s Iran-fueled economic turmoil

The Labor Department reported Thursday that new claims for jobless aid for the week ending May 16 fell by 3,000 to 209,000

The Independent UK

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The Free Financial Advisor

Why More Americans Are Delaying Retirement as Medicare Premiums Approach $200 Per Month

Retirement once felt like a clean break after decades of work, but rising healthcare costs now rewrite that story for millions of Americans. Medicare premiums continue climbing toward the $200-per-month mark for many enrollees, especially higher-income beneficiaries, and that shift changes how people plan their exit from the workforce. Every…

The Economic Times

India's 'Cockroach Janta Party' group goes viral, spotlights Gen Z worries

A new five-day-old group, the Cockroach Janta Party, has gone viral in India, amassing 15 million Instagram followers by discussing youth concerns like unemployment and inflation with humor. Founded by Abhijeet Dipke, the CJP aims to shift India's political discourse, giving a voice to young people who feel unheard.

Barchart

Stocks Slip Before the Open as Oil Rises on U.S.-Iran Peace Deal Uncertainty, PMI Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.40%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.55% this morning as oil prices and bond yields climbed, with investors watching to see whether hopes for a peace deal in the Middle East will turn into tangible progress.

Caixin Global

Business Brief (May 21): U.N. Cuts Global Growth Forecast

Middle East conflicts slow growth, fuel inflation and heighten global uncertainty

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The Texas Tribune

Bigger price tag, smaller footprint: How Austin’s Project Connect went off the rails

Legal and political challenges continue to threaten Austin’s multibillion-dollar light rail project that voters approved in 2020.

The Independent UK

Energy shock from Iran war to weigh on Europe's growth, boost inflation

The European Union’s executive commission has cut its growth outlook and predicted higher inflation due to sharply higher energy prices from the war in Iran

Bangkok Post

Euro zone growth forecast cut because of war impact

BRUSSELS - The euro zone economy will expand less than expected this year, the European Commission said on Thursday, as the Middle East war and subsequent energy shock take their toll.

Euronews

EU cuts 2026 growth forecast as Strait of Hormuz crisis pushes inflation up

The EU has downgraded its 2026 economic growth forecast after the Strait of Hormuz crisis sent energy prices sharply higher earlier this year. With no end to the conflict in sight, rising energy costs are fuelling tensions among member states calling for additional fiscal support measures.

Fortune

Europe is considering price caps to control inflation. CEOs are shaking their heads in despair

With inflation fears stalking the globe, politicians are once again reaching for the wrong lever.

The Economic Times

RBI rate hikes to start in June, says Standard Chartered

RBI rate hike: Economists at Standard Chartered anticipate India's central bank will begin raising interest rates as early as June due to escalating inflation risks from higher crude prices. They predict 50 basis points of hikes, split between June and August, to anchor sentiment and manage second-order effects on the…

Euronews

Recession warning? Eurozone activity hits lowest level in over two and a half years due to Iran war

Business activity across the eurozone slowed sharply in May, hitting its lowest level in more than two and a half years.

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