Analysis of over a century of data shows that most US purchasing power loss occurs in concentrated bursts. This creates a high-price baseline that persists even when headline inflation rates decline.

IBM stock saw its sharpest one-day decline in history after the company reported a shortfall in revenue and earnings. The company noted a shift in client spending toward AI-focused infrastructure and delayed deal closures.

Michigan officials link record cyclospora surge to lettuce as cases rise

In his first congressional testimony, Federal Reserve Chairman Kevin Warsh vowed to implement a regime change in how the central bank conducts its business. He has launched five task forces to evaluate policy frameworks while managing ongoing economic challenges.

Health authorities are investigating a surge in cyclosporiasis cases linked to fresh produce, as some Taco Bell locations have removed certain ingredients.

Google DeepMind CEO Demis Hassabis has proposed a US-led regulatory body modeled after FINRA to conduct safety screenings on frontier AI systems. The plan aims to establish a systematic framework for managing risks, including potential cyber and biological threats.

IBM shares declined after the company reported that enterprise clients are prioritizing data-center infrastructure investments over software budgets. The shift caused a revenue shortfall and triggered a broader selloff across the software industry.

Major U.S. banks are preparing to release second-quarter performance figures, leading traders to brace for potential volatility across the sector. Options markets indicate varying levels of anticipated price movement for financial institutions including JPMorgan Chase and Wells Fargo.

Australian activewear brand Stax has entered receivership, with FTI Consulting appointed to oversee operations and assess the business for sale or salvage. The retailer continues to trade online and at its two remaining physical locations in Sydney during the process.

Brent crude futures rose as military engagements in the Strait of Hormuz reduced shipping traffic by over 50 percent. The crisis is fueling supply concerns and expectations of potential Federal Reserve interest rate hikes.

Global financial markets face pressure from escalating Middle East hostilities driving oil prices and a pullback in AI-led tech shares. Investors are now awaiting quarterly earnings reports from major financial institutions to gauge potential economic impacts.

Pennsylvania lawmakers reached a bipartisan deal on a $50.8 billion budget that increases school funding but excludes proposals on the minimum wage.

New data reveals an impending 13% energy price cap increase, with experts warning that this hike may leave many UK families facing a net loss in income.

The average age of a first-time homebuyer has climbed to a record 40 as high mortgage rates and home prices push homeownership further out of reach.

Adelaide producer Heartland Wines has collapsed into administration after a report revealed a significant overvaluation of the company's wine inventory. The failure occurs amid a broader contraction in the Australian wine industry.

New UK legislation mandates the consolidation of small pension pots and the creation of multi-billion pound megafunds to drive value for savers. These reforms aim to reduce administration costs and simplify the path to retirement income.

Bankruptcy trustees have revealed that Jean-Dominique Huynh’s financial liabilities have climbed to $667 million. Major projects like the Sir Stamford and Nautique are now facing changes under new ownership or receivership.

Volkswagen is considering a massive workforce reduction and the closure of four German plants to address declining profits and sales. The proposal faces intense opposition from labor unions and could significantly impact the European automotive sector.

US equity markets declined on 13 July 2026 as rising crude prices and a slump in semiconductor shares impacted the major indices. Markets are now focusing on upcoming corporate earnings and congressional testimony from Federal Reserve Chair Kevin Warsh.

Volkswagen is weighing a reduction of up to 100,000 jobs to address declining profits and operational costs that remain higher than those of rival manufacturers. The proposed restructuring includes potential factory closures and significant production cuts, facing strong opposition from labor unions.