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U.S. inflation hits 3-year-high
The U.S. saw its highest inflation since April 2023 in May, according to the latest numbers from the Bureau of Labor Statistics. Kelly O
International airlines meet to discuss impacts of Middle East conflict
Global airline leaders gathered in Rio de Janeiro for the International Air Transport Association’s (IATA) annual summit amid growing disruption in the Middle East. IATA officials have been raising fresh concerns across the aviation industry. Against that backdrop, the association sharply cut its 2026 outlook, citing higher fuel prices and airspace disruptions linked to the conflict. CGTN’s Lucrecia Franco reports from Rio.For more, check out our exclusive content on CGTN Now and subscribe to ou...
'A little goes a long way': New York's candy stores sweeten economic gloom
'A little goes a long way': New York's candy stores sweeten economic gloomJust nowShareSaveAdd as preferred on GoogleAlexis BenvenisteBusiness reporter, New York CityGetty ImagesWith US consumer confidence at historic lows, it's a tough time for retailers across the country. But in and around New York City one niche sector is expanding – candy stores.Mitchell Cohen, the third-generation owner of Economy Candy, on Manhattan's Lower East Side, has a theory – people will still buy candy (or sweets,...
'Squad' Dem dismisses fraud probe speculation after $29M net-worth drop
Rep. Ilhan Omar, D-Minn., is continuing to deny looming questions over an Ethics Committee investigation into her financial filings, showing a significant drop in her net worth.Scrutiny of Omar's finances intensified after financial disclosure filings appeared to show her estimated net worth falling from a range of roughly $6 million to $30 million in one filing period to between about $18,000 and $95,000 in a later disclosure.House Oversight Committee Chairman James Comer, R-Ky., has publicly v...
Amid Rising Prices, Trump Says He 'Loves Inflation'
US President Donald Trump on Wednesday brushed off concerns about consumer inflation surging to a fresh three-year high in May, on the back of soaring energy prices caused by his war in Iran.
What May's inflation report signals about state of U.S. economy
Inflation in the U.S. accelerated in May to its highest level in more than three years. CBS News' Kelly O'Grady breaks down the numbers.
Mike Ashley's Frasers offers £1.73bn to buy all of Hugo Boss
Mike Ashley's Frasers offers £1.73bn to buy all of Hugo BossJust nowShareSaveAdd as preferred on GoogleMitchell LabiakBusiness reporterGetty ImagesBusinessman Mike Ashley's Frasers has made a takeover offer for German fashion brand Hugo Boss.The retail group already owns just over a quarter of Hugo Boss, having steadily built up the stake since 2020, but said on Wednesday it wanted to buy the rest of it for €1.98bn (£1.73bn).Hugo Boss said it would "thoroughly examine the offer and issue a reaso...
Why consumer prices jumped in May
U.S. consumers paid higher prices once again in May, with inflation at its highest level in over three years. According to the latest report from the Bureau of Labor Statistics, consumer prices accelerated at an annual rate of 4.2%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Government may hold off on higher ethanol mandate
NEW DELHI: The government may not immediately mandate a higher level of ethanol blending but leave it to buyers to decide on flex fuel vehicles amid concerns that rushing from E20 to E25 will damage engines of existing vehicles.
Labour gives firms £5k to hire foreign workers, subsidising visas while young in UK struggle to find jobs
Labour gives firms £5k to hire foreign workers, subsidising visas while young in UK struggle to find jobsSee more Daily Mail on Google - save us as a Preferred SourceBy SOPHIE CHURCH - POLITICAL REPORTER Published: 23:16, 10 June 2026 | Updated: 23:16, 10 June 2026 e-mail View comments
Ellison’s Oracle Drops 4% After ‘Disappointing’ Guidance—Despite Record Sales
BreakingBusinessEllison’s Oracle Drops 4% After ‘Disappointing’ Guidance—Despite Record SalesByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorJun 10, 2026, 05:56pm EDTToplineOracle posted record revenue in its fiscal fourth quarter and full-year 2026 results Wednesday, though the company’s stock is reeling after it delivered flat revenue guidance one analyst called “disappointing.”Ellison's net worth has dropped by over $10 billion in t...
Humana To Divest End-Of-Life Care Business For $900 Million
InnovationHealthcareHumana To Divest End-Of-Life Care Business For $900 MillionByBruce Japsen,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Bruce Japsen writes about healthcare business and policy.Follow AuthorJun 10, 2026, 05:55pm EDTHumana Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, July 30, 2025. Photographer: Michael Nagle/Bloomberg© 2025 Bloomberg Finance LPHumana, one of the nation’s largest provi...
Why Record-High Conflicts Threaten The Global Banking System
MoneyBanking & InsuranceWhy Record-High Conflicts Threaten The Global Banking SystemByMayra Rodriguez Valladares,Senior Contributor.Follow AuthorJun 10, 2026, 05:48pm EDTTEHRAN, IRAN - MARCH 8: Plumes of smoke rise over the oil depot tanks hit by joint Israel-U.S. over night in a station north west of the capital on March 8, 2026 in Tehran, Iran. Photo by Kaveh Kazemi/Getty ImagesGetty ImagesWith 65 active state-based wars in 2025—the most since World War II—and battlefield deaths surging to a 3...
Trump announces secret Hormuz mission; claims 100m barrels of oil moved through Hormuz
US President Donald Trump said on Wednesday that the United States had successfully helped move more than 100 million barrels of oil through the Strait of Hormuz as part of a previously undisclosed military operation, while simultaneously warning that Iran would face a severe US attack if ongoing efforts to secure a peace agreement fail.
Taiwan’s 50 Richest 2026: AI Demand Drives Up Tycoons’ Wealth By 56% To A Record $308 Billion
AsiaEditors' PickTaiwan’s 50 Richest 2026: AI Demand Drives Up Tycoons’ Wealth By 56% To A Record $308 BillionJason and Richard Chang, the siblings behind semiconductor packaging and testing company ASE Technology Holding, take the No. 1 spot for the first time.ByJane Ho,Forbes Staff. I cover Asia's wealth and entrepreneurs from a base in Singapore.Follow AuthorJun 10, 2026, 05:35pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Lea...
Global AI Buildout Proves Wealth Lode For Its Picks-And-Shovels Billionaires In Taiwan
AsiaEditors' PickGlobal AI Buildout Proves Wealth Lode For Its Picks-And-Shovels Billionaires In TaiwanThe global AI infrastructure buildout proves to be a wealth lode for Taiwan’s picks-and-shovels billionaires.ByJane Ho,Forbes Staff. I cover Asia's wealth and entrepreneurs from a base in Singapore.Follow AuthorJun 10, 2026, 05:35pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.This story appears in the June 2026 issue...
Taiwan’s Electronics Components Billionaire Gets Massive Wealth Boost From Buying Spree
AsiaEditors' PickTaiwan’s Electronics Components Billionaire Gets Massive Wealth Boost From Buying SpreeByGloria Haraito,Forbes Staff. I cover Asia's wealth creators from a base in IndonesiaFollow AuthorJun 10, 2026, 05:35pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.This story appears in the June 2026 issue of Forbes Asia. Subscribe to Forbes Asia
Chairman Of AI Chip-Testing Equipment Maker Is The Wealthiest Newcomer Among Taiwan’s Richest
AsiaEditors' PickChairman Of AI Chip-Testing Equipment Maker Is The Wealthiest Newcomer Among Taiwan’s RichestByChengbo Liu,Contributor.Forbes contributors publish independent expert analyses and insights. I write about China's dynamic wealth creators.Follow AuthorJun 10, 2026, 05:35pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.This story appears in the June 2026 issue of Forbes Asia. Subscribe to Forbes Asia
AI Boom Returns Data Storage Tycoon Peter Shu To The Ranks Of Taiwan’s Richest
AsiaEditors' PickAI Boom Returns Data Storage Tycoon Peter Shu To The Ranks Of Taiwan’s RichestByChengbo Liu,Contributor.Forbes contributors publish independent expert analyses and insights. I write about China's dynamic wealth creators.Follow AuthorJun 10, 2026, 05:34pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.This story appears in the June 2026 issue of Forbes Asia. Subscribe to Forbes Asia
Founder Of Printed Circuit Boards Maker Debuts On Taiwan’s 50 Richest List
AsiaEditors' PickFounder Of Printed Circuit Boards Maker Debuts On Taiwan’s 50 Richest ListByChengbo Liu,Contributor.Forbes contributors publish independent expert analyses and insights. I write about China's dynamic wealth creators.Follow AuthorJun 10, 2026, 05:34pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.This story appears in the June 2026 issue of Forbes Asia. Subscribe to Forbes Asia