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American consumers are blaming the Iran war for the recent spike in inflation. But data shows that prices are rising in many areas, not just energy.The Consumer Price Index rose a seasonally adjusted 0.6% in April, bringing the 12-month inflation rate to 3.8%, the Bureau of Labor Statistics said Tuesday. Annual inflation is currently running at its highest level in nearly three years.”Consumers are doing their best to absorb higher energy costs, but they haven’t found much other relief,” said Brett Kenwell, U.S. investment analyst at eToro. “Inflationary pressures are not just occurring at the pump, they are appearing throughout…
Hong Kong — Chinese leader Xi Jinping scurries down 39 red-carpeted steps outside Beijing’s Great Hall of the People, a political landmark in the very heart of China’s capital. The timing of each step is such that he passes senior officials from the Chinese and American delegations and reaches a discreet spot on the red carpet within seconds of the arrival of his guest, US President Donald Trump. On cue, ceremonial music begins. The level of meticulous, second-by-second planning exhibited during President Trump’s first visit to Beijing in 2017 will be on display again starting Thursday, when the president plans…
The 6-foot-9 center announced he was gay in 2013, but was battling brain cancer.Published May 13, 2026May 13, 2026Jason Collins, the first openly gay active player in the National Basketball Association (NBA), has died at the age of 47 after a battle with cancer.”We are heartbroken to learn that our beloved husband, son, brother and uncle, Jason Collins, passed away after a courageous battle with glioblastoma,” the family said in a statement Tuesday.Recommended stories list of 4 itemsend of listCollins revealed in September that he was undergoing treatment for a brain tumor, later revealing that he had stage 4 glioblastoma,…
Credit card balances fell by $25 billion in the first quarter of 2026 to $1.25 trillion, according to a new report on household debt released by the New York Fed on Tuesday. However, this is still an increase of 5.9% compared to the previous year.At the same time, mortgage debt, auto loans and home equity lines of credit all increased, the New York Fed said. “Household debt levels rose slightly overall, with modest increases across most debt types offsetting seasonal declines in credit card balances,” New York Fed research economist Daniel Mangrum said in a statement. Credit card debt often…
Chinese technology giant tencent on Wednesday reported a 9% increase in sales in its first-quarter 2026 results, which fell short of analysts’ expectations. Here is Tencent’s first quarter 2026 earnings compared to LSEG’s analyst forecast data:Sales: 196.5 billion Chinese yuan ($28.9 billion), expected to be 199 billion Chinese yuan. Domestic game sales: CNY 45.4 billion, up 6% year-on-year, but slower than the 24% increase the sector recorded in the first quarter of 2025.”We will start 2026 by making significant early progress on new AI products and continue to leverage AI to grow our existing core businesses,” Tencent Chairman and CEO…
Every night, Abbas Yusuf climbs over the ancient walls of Ethiopia’s holy city of Harar and begins calling out the animals’ names. Kamaridani “Like the Moon”. Chaltu, “sophisticated”. and his favorite, Jarujara, “the one who hurries.” A spotted hyena emerges from the darkness and retrieves a piece of meat from a stick held between its teeth. For Abbas, these carnivores are welcome visitors. “I prepare the meat,” he says in his native Oromo. “And I will watch over the guests who come and see them off in peace.” Mr. Abbas is one of Mr. Haller’s last “hyena men,” continuing the…
The summer box office is off to a strong start, but it’s only just beginning.Domestic ticket sales for the weekend exceeded $161 million, an improvement of nearly 88% over the same three-day slot in 2025. disney 20th Century Studios’ The Devil Wears Prada 2 added $41.6 million in its second week to lead the way; warner brosMortal Kombat II opened with $38.5 million. Lionsgate’s “Michael” brought in an additional $37.9 million in its third week in theaters.The weekend was powered by new releases including: Amazon MGM “Sheep Detectives” Paramount’s “Billie Eilish — Hit Me Hard and Soft: The Tour” and…
Oil prices are falling and stocks are rising as investors focus on how a meeting between US President Donald Trump and Chinese leader Xi Jinping will affect the currently fragile ceasefire between the US and Iran. Brent crude, the world oil benchmark, fell 0.7% to $107 per barrel. The US benchmark WTI fell 0.9% to $101.2 per barrel. Analysts at Deutsche Bank said in a note that oil prices ended a three-day rally with a modest decline, reflecting “increasing tensions over views that the U.S.-Iran deal is moving further away.” Meanwhile, stock markets rose after yesterday’s decline, helped in part…
Victor Wembaneyama had 27 points and 17 rebounds as the host San Antonio Spurs defeated the Minnesota Timberwolves 126-97 to take a 3-2 lead in the Western Conference semifinal series.Wenbanyama returned to action on Tuesday after elbowing an opponent in the face in the second quarter of Sunday’s 114-109 loss to the host Timberwolves in Game 4.When asked how nervous he was about returning to the court for Game 5, Wembaneyama said, “Very, very.” “I mean, I was fresh and I felt good. But to be honest, it’s hard to tell if I’m just excited or not. Obviously, I’m going…
Vladimir Vladimiroffi Plus | Getty ImagesMillions of student loan borrowers recently defaulted on their loans, according to new data from the Federal Reserve Bank of New York.The New York Fed reported in a blog post Tuesday that about 1 million borrowers defaulted on their debts in the fourth quarter of 2025, and an additional 2.6 million borrowers defaulted in the first quarter of 2026. New defaults were concentrated among older borrowers, those in southern states, and those who were not in default on their federal student loans before the pandemic, the researchers wrote.Read more CNBC’s personal finance coverageThe researchers also…