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What caused inflation to soar to its highest point in 3 years?
Inflation surged again in May due to high energy costs and supply constraints worsened by the Iran war. Madison Mills, a senior reporter at Axios, joins to discuss.
Bank holiday impacting millions of Britons prompts urgent update on £112.80 payments
Scottish households receiving Scottish Child Payment have been reassured £112.80 support payments will arrive as scheduled on Monday, June 15, despite Scotland marking a new public holiday.Social Security Scotland confirmed the additional bank holiday will not affect benefit payments.A spokesman for the agency told The Express: "Just to confirm that Monday, 15 June, is a Scottish Public Holiday and doesn't affect payments."The clarification will come as welcome news for families concerned the on...
Prosecutors Subpoena Big Banks—Including JP Morgan—For Alleged ‘Debanking,’ Report Says
BreakingBusinessBreaking NewsProsecutors Subpoena Big Banks—Including JP Morgan—For Alleged ‘Debanking,’ Report SaysByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorJun 10, 2026, 02:43pm EDTToplineJeanine Pirro, the U.S. Attorney for the District of Columbia, is investigating several major banks for allegedly “debanking” customers for political reasons, the Wall Street Journal reported—following up on one of President Donald Trump’s major complaints after his 2020 election loss.U....
No Ban On Import Of Indian Mangoes, Says Nepal
The Ministry of Agriculture and Farmers Welfare on Wednesday dismissed reports claiming that Nepal had imposed a ban or suspension on the import of mangoes from India, describing such reports as "factually incorrect and misleading".
Mike Ashley’s Frasers makes €1.98bn takeover offer for Hugo Boss
Fashion and sportswear group, which owns 26% of the German luxury brand, is now seeking full controlMike Ashley’s retail group, Frasers, has launched a near-€2bn takeover offer for the German luxury fashion brand Hugo Boss.The fashion and sportswear group, which owns 26% of Hugo Boss, said it is offering to pay about €1.98bn (£1.73bn) for the remainder of the business to take full control. Continue reading...
The hunger crisis experts warned about is here – and it’s about to get worse
UN says its worst fears are materialising as report finds that 45 million additional people now face ‘critical’ levels of food insecurity
High Court Setback For Anil Ambani Aide In Money Laundering Case
The ED case pertains to an alleged forged bank guarantee of Rs 68.20 crore, along with endorsements and confirmations, submitted before SECI as part of the tender process.
Who qualifies for Social Security disability insurance?
MoneyWatch: Managing Your Money Who qualifies for Social Security disability insurance? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and ed...
Search underway for girl swept away in ocean: Officials
A search is underway for a girl who was swept away in the ocean in Southern California, officials said.
Nairobi hosts China-Africa Agri-Tech and Industrial Cooperation Forum
Agricultural technology companies, investors and policymakers gathered in Nairobi, Kenya, on Tuesday for the 2026 China-Africa Agri-Tech Industrial Cooperation Forum, showcasing innovations aimed at boosting productivity, strengthening food security and accelerating agricultural modernisation across Africa.
Oil tankers increase ‘dark’ transits through Strait of Hormuz
Risky trips under US air cover help to cushion crude prices below $100 a barrel
Markets dumped India for AI stars. BlackRock says that’s a mistake
BlackRock believes India's equity market is unfairly penalized for its limited direct AI exposure and oil price sensitivity. Despite record foreign outflows and a challenging macro environment, the asset manager remains constructive on India's medium- to long-term prospects, citing strong demographics, infrastructure, and financial sector strength. They see potential for indirect AI-related opportunities and favor sectors like financials.
Why Selling Your SpaceX Shares Too Quickly Could Cost You
MoneyDaily CoverWhy Selling Your SpaceX Shares Too Quickly Could Cost YouFlipping IPO shares isn’t against the law. But at some brokerages, doing it too fast could cost investors a shot at the next hot public offering.ByBrandon Kochkodin,Senior Writer. Brandon is a Florida-based Forbes senior reporter covering markets.Follow AuthorJun 10, 2026, 01:06pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.
Trump: 'I love the inflation'
The president also revealed that the US is 'taking out' millions of barrels of oil from Iran, saying Tehran didn't know 'until right now'.
Pay trends suggest US bosses are wealthier and more nervous
More than 29% of S&P 500 companies provided home security perks for their top brass in 2025
US inflation hits new three-year high amid energy price surge
US markets stumbled as inflation data sparked fears of interest rate rises in the coming months.
Trump Says ‘I Love The Inflation’ After It Reaches 3-Year High
BreakingBusinessTrump Says ‘I Love The Inflation’ After It Reaches 3-Year HighBySara Dorn,Forbes Staff. Sara Dorn is a Forbes news reporter who covers politics.Follow AuthorJun 10, 2026, 12:49pm EDTToplinePresident Donald Trump said “I love inflation” after it rose to a three-year high earlier Wednesday amid the Iran war and surging gas prices—his latest dismissal of Americans’ economic concerns.President Donald Trump speaks during a signing ceremony for the "Secure America Act" in the Oval Offi...
Why Williams' Browning feels 'ready to drive an F1 car now'
Williams' Luke Browning is confident he can use his upcoming FP1 appearances in Barcelona and Austria to demonstrate that he could be the next big star in F1.
What accounts can creditors target after freezing your checking account?
MoneyWatch: Managing Your Money What accounts can creditors target after freezing your checking account? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where...
What Social Security recipients should (and shouldn't do) before potential insolvency
MoneyWatch: Managing Your Money What Social Security recipients should (and shouldn't do) before potential insolvency We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money sec...