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

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.

Economists expect inflation to have jumped slightly in May, registering year-over-year price increases of 2.4%. That would mark an increase from an inflation rate of 2.3% over the year ending in April, which amounted to the lowest inflation level since 2021.

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

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.

U.S. employers added 139,000 jobs in May, and the unemployment rate held steady at 4.2 percent. That’s solid growth, but it comes as companies move to pause hiring over uncertainty around economic growth and the fallout from tariffs.

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