US retail and food services sales fell 0.6% in July to $763.6 billion as households directed more income toward essentials, cooling from spring highs.

Wall Street reached a milestone as the S&P 500 notched a record-high close, fueled by heavyweight tech stocks and easing inflation concerns.

Wall Street pushed higher as soft July inflation data eased Federal Reserve rate-hike fears, while soaring AI shares like CoreWeave and Super Micro fueled a tech-led market rally.

The S&P 500 rose 0.3% toward an all-time high as strong AI-related earnings and a modest slowdown in consumer-price growth boosted the market.

Wall Street tracks toward a record high as surging artificial intelligence stocks and easing consumer price data reinvigorate investor sentiment.

S&P 500 futures climbed ahead of the opening bell as investors await the July consumer price index report to gauge the Federal Reserve's next rate decision.

U.S. stocks dropped after Iran refused to reopen the Strait of Hormuz, dashing hopes for a diplomatic breakthrough and causing oil prices to spike.

Prime Minister Andy Burnham has embarked on a nationwide listening tour to gather public feedback on everyday expenses and inform a new ten-year strategy.

Prime Minister Andy Burnham is launching a national tour across Britain to ask voters directly how the government can improve their lives amidst cost-of-living concerns.

Wall Street rallied sharply at the start of the week, driven by a drop in crude oil prices that helped ease investor worries over accelerating inflation.

Federal Reserve Chair Kevin Warsh is considering reducing the frequency of central bank meetings as part of a broader internal overhaul, sparking uncertainty in Treasury markets.

The Bank of England has kept its benchmark interest rate frozen at 3.75 per cent, marking the fifth consecutive meeting borrowing costs remained unchanged.

The Bank of England kept interest rates at 3.75% following a tighter 6-3 vote, as policymakers warn that ongoing energy price volatility could keep inflation elevated.

The Federal Reserve extended its policy pause, keeping interest rates steady in a rare split 9-3 vote amid persistent inflation and rising energy costs.

Brent crude has breached the $100-a-barrel threshold as US-Iran conflicts and Red Sea shipping disruptions strain global petroleum supplies.

Brent crude oil prices have reached $94.07 as military conflict in the Strait of Hormuz disrupts global energy transit. This escalation threatens shipping routes and contributes to rising inflationary pressures.

Global markets show resilience as an energy sector rally offsets the Japanese yen's decline to its weakest level since 1986. Investors are now closely watching upcoming tech earnings and central bank policy for signals on inflation.

Economic analysis suggests that global grocery price hikes are driven by supply chain costs and commodities rather than retail profit-taking. Experts warn that proposed state-run supermarket initiatives may destabilize markets without addressing fundamental inflation drivers.

Rising energy costs and supply disruptions are putting the UK's economic recovery at risk and keeping inflation above the Bank of England's 2 percent target. Analysts are divided on whether borrowing costs will fall by the end of 2026 or remain steady due to persistent inflation.

Recent data from the Office for National Statistics indicates that persistent costs for food and energy continue to strain British households. While inflation has slowed, the affordability crisis remains a primary concern for the public and policymakers.