The latest Producer Price Index, a closely watched measurement of wholesale inflation, rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.

U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares.

Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month

The inflation rate is inching higher, with Wall Street expecting tariffs to increase prices throughout the remainder of 2025.

May 2025's strong returns for US stocks have once again shown that putting too much weight on seasonal patterns will only make investors poorer, says Max King

U.S. President Donald Trump's tariffs may have put an end to the Bank of Japan's rate-hike cycle, with the chance of further interest rate increases fading fast due to the expected hit to exports, former BOJ policymaker Takako Masai said on Thursday.

The Democratic National Committee has voted to hold new elections for two vice chair positions currently held by David Hogg and Malcolm Kenyatta.

The 79th annual Cannes Film Festival will take place May 12-23, 2026, in Cannes, France, festival organizers announced. The prestigious film festival's official Instagram account announced the dates of its 2026 edition on social media Tuesday.