ECB Becomes First Major Central Bank to Raise Rates Since Inflation Resurgence
The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central banks around the world.
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Trump Threatens New Strikes on Iran, Says U.S. Will Seize Its Oil and Gas Markets
The president threatened to take over oil infrastructure including the key hub Kharg Island.
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Higher Gas Prices Drive Wholesale Inflation to Highest Level Since 2022
The producer price index for total final demand rose 1.1% in May, lifting the annual rate to 6.5%.
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OPEC Lowers This Year's Oil-Demand Forecast
The Organization of the Petroleum Exporting Countries cut its oil demand estimates for this year as the U.S. blockade on Iran and near-closure of the Strait of Hormuz continue to curb production from major Gulf producers.
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U.S. Jobless Claims Rose Last Week
The number of people who filed for unemployment benefits rose to 229,000 in the week through June 6, higher than reported a week earlier surpassing Wall Street's estimates.
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U.S. Overtakes Saudi as Biggest Oil Exporter, Says Report. Prices Slip Amid Iran Strikes.
Brent crude and WTI prices were edging down early on Thursday as the U.S. and Iran exchanged strikes and President Donald Trump said American forces control the Strait of Hormuz.
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China Is Propping Up the World Economy by Importing a Lot Less Oil
Clues are emerging in the mystery of the missing three million barrels-oil that China would normally be importing but isn't now.
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Turkey's Central Bank Holds Rates Amid Elevated Energy Prices
The bank held interest rates for a third-straight meeting, citing high energy prices due to the conflict in the Middle East and weak domestic demand.
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Despite U.S.-China Truce, American Companies See Little Improvement in China
A U.S.-China Business Council survey found most American companies see little improvement in China's business climate, while growing competition from Chinese rivals threatens future profitability.
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Canada Proposes Social-Media Ban for Children Under 16
The law would likely apply to American tech companies like Meta and Snapchat, but would have exemptions if safety requirements are met.
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The World Is Changing. Tech's Top Spot Isn't.
KKR's Henry McVey sees earnings and economic growth concentrated in a handful of areas-and everything else left in the dust.
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The Fed Must Stick to Its 2% Inflation Target, Even if 4% Is a Brutal Reality.
Inflation has run above the Federal Reserve's annual target for more than five years. The status quo threatens the Fed's credibility and consumer spending.
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Bondholders Want Fed to Focus on Inflation. Warsh Ignores Them at His Peril.
The Fed's new chairman may end up presiding over interest-rate hikes, even though President Donald Trump wants lower rates.
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Gas Prices Wipe Out More Than a Year of Wage Gains
Adjusted for inflation, average hourly earnings fell back to January 2025 levels last month.
(END) Dow Jones Newswires
June 11, 2026 09:00 ET (13:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.