According to Labor Department data, prices for food consumed at home rose 2.9% from a year earlier, the highest annual increase since August 2023. Restaurant and prepared meal prices also climbed, pushing overall food inflation to 3.2%.
Mortgage rates in the U.S. climbed to their highest level in five weeks, but homebuyers continued returning to the housing market despite rising borrowing costs and economic uncertainty.
Israel carried out fresh airstrikes on vehicles along a major highway south of Beirut on Wednesday, according to Lebanese state media, despite an ongoing ceasefire between Israel and the Lebanese government.
The FBI Director agreed during a tense Senate budget hearing to take an alcohol use disorder test after Democrats questioned him over allegations of excessive drinking reported by The Atlantic.
Taiwan conducted a large live-fire military exercise on the frontline island of Kinmen on Wednesday as U.S. President Donald Trump traveled to Beijing for high-level talks with Chinese President Xi Jinping.
Central banks’ purchases and repatriation of gold are on the rise, and both should be viewed as a symptom of deglobalization. They signal the advent of a more geopolitically fragmented world in which cross-border transactions of all kinds are poised to become more difficult and costly.
Chinese officials are preparing an intensely choreographed state visit for U.S. President Donald Trump as he arrives in Beijing for high-stakes talks with Chinese President Xi Jinping.
In 2024, the America First movement earned significant electoral gains among young voters, especially young men.
