Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up almost 5%
Luxury stocks have been hard hit by the Iran war, as the Middle East had been a fast-growing market for the otherwise largely muted sector.
Last updated: 2026-06-14 06:29:32 ET
Luxury stocks have been hard hit by the Iran war, as the Middle East had been a fast-growing market for the otherwise largely muted sector.
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The producer price index came in much higher than expected in May, signaling that U.S. consumers may face more inflation in the coming months. CBS New...
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A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
Inflation surpassed 4% in May, surging to its highest level in three years, new government data shows. When asked about the latest spike in prices, Pr...
Inflation has surged to its highest level in more than three years since the U.S. and Israel launched their war on Iran, triggering a surge in gasoline prices.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and unders...
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