U.S. consumer prices fell for the first time in four years in June amid lower gasoline costs and moderating rents, firmly putting disinflation back on track and drawing the Federal Reserve another step closer to cutting interest rates in September.
File photo: People shop in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. REUTERS/Andrew Kelly/File photo The number of Americans filing new applications for unemployment benefits dropped more than expected last week, but volatility around this time of the year as automobile manufacturers idle plants for retooling makes it harder to get a clean read on the labor market.
U.S. MarketsBritain's economy grew more quickly than expected in May, providing some momentum for the new government of Prime Minister Keir Starmer but adding to doubts about whether the Bank of England will cut interest rates next month.
Macro Matters
Every word he utters, every step he takes, President Joe Biden now has the eyes of a worried world on him, watching for another faltering performance like his June debate that sparks fresh calls for him to leave the 2024 presidential race.
REUTERS/Evelyn Hockstein President Joe Biden will try to head off growing opposition within his own party on Thursday, sending out his advisers to meet with Democratic senators to shore up their support and holding his first solo news conference in almost eight months.
WorldDonald Trump and Hungarian Prime Minister Viktor Orban will meet on Thursday at the Republican presidential candidate's Florida home, according to three people with knowledge of the matter.
World
A Goldman Sachs bet put in place in 2021 on lending to private funds has helped drive record revenues in fixed-income financing. Now, the Wall Street bank is pushing even deeper into the growing but risky market.
REUTERS/Andrew Kelly The biggest U.S. bank wants to get even bigger.
Business
Markets
A growing number of Spaniards find themselves priced out of the market.
Joe Root made a serene 68 at a sun-kissed Lord's on Thursday as England moved onto 293-6 and extended their lead over West Indies to 172 runs at lunch on the second day of the first test.
England v West Indies at Lord's Cricket Ground, London. Action Images via Reuters/Peter Cziborra Netherlands captain Virgil van Dijk will consider his future for both club and country over the next few weeks as he processes the disappointment of semi-final elimination at the European Championship on Wednesday, he said.
SportsBayern Munich have signed Portuguese midfielder Joao Palhinha from English side Fulham on a four-year contract, the Bundesliga club said on Thursday.
Sports
Around 5,000 years ago, the population in northern Europe collapsed, decimating Stone Age farming communities across the region. The cause of this calamity, called the Neolithic decline, has remained a matter of debate.
One of the complete skeletons found in the Fraelsegarden passage grave, in Falbygden, Sweden, is seen in this undated handout image obtained by Reuters on July 9, 2024. The skeleton is of a woman aged around 30-40 years old. Karl-Goeran Sjoegren/Handout via REUTERS Astronomers have scrutinized a cluster of stars that is the apparent remnant core of a relatively small galaxy that was swallowed by the sprawling Milky Way 8 to 10 billion years ago. What lurks at the center of this cluster has them excited.
ScienceThe tiny wires of Neuralink's brain chip implant used in the first participant in a trial run by Elon Musk's company have become "more or less very stable", a company executive said on Wednesday.
Future of Health
