United States Producer Price Index soars in April amid Iran war The United States (US) Producer Price Index jumped to 6% on a yearly basis in April, following the 4.3% posted in March and largely surpassing the expected 4.9%. On a monthly basis, the PPI rose 1.4%, doubling
Global oil demand is set to exceed supply in the current year amid the ongoing conflict in the Middle East, reversing previous projections of a surplus. According to the May 2026 Oil Market Report by the International Energy Agency (IEA), global oil supply is projected to
Meta Bureau awards Swarmer Estonia a contract for over 16,000 software licenses for unmanned aerial vehicles. Swarmer (SWMR) announced a $2.86M contract with Meta Bureau to supply swarming software licenses for SkyKnight quadcopter bombers and other drones. The deal covers
Core producer prices in the United States, which exclude food and energy, rose by 1% over a month earlier in April 2026, the most since March 2022, following an upwardly revised 0.2% increase in March and well above market forecasts of a 0.3% advance. On a yearly basis, co
US producer prices surge 1.4% in April The US Producer Price Index rose 1.4% in April, exceeding expectations. The increase was driven by higher oil prices amid the Iran war. The core PPI, which excludes food and energy, also rose. The year-over-year increas
By Lucy Raitano and Jiaxing Li HONG KONG, May 13 The dollar held near a one-week high on Wednesday on renewed uncertainty in the Middle East and as traders digested a hotter-than-expected U.S. inflation print and closely watched the yen. The euro slipped 0.2% to $1.171675
Brent and WTI hold near $100 per barrel amid Middle East tensions and demand-supply imbalances ahead of U.S.-China talks. Oil prices showed minimal movement Wednesday, with Brent crude futures rising 0.2% to $108.00 a barrel and U.S. WTI futures dipping 0.1% to $102.08. Ma
Oil benchmarks retreat from recent gains as Middle East ceasefire hopes fade ahead of US-China trade discussions. Brent crude futures fell $1.47, or 1.4%, to $106.30 a barrel, while US WTI futures declined $1.41, or 1.4%, to $100.77. The drop follows a 3% rally on Tuesday
May 13 What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Oil prices remain elevated, inflation is climbing and bond markets are feeling the heat as the Iran war stalemate continues. Higher-than-forecast U.S. consumer price in
EV demand across the globe surged in April as steep gas prices and uncertainty over the Iran war continued to drive a shift in consumer perception of internal combustion engine (ICE) vehicles. EVs Decline In North America, Europe Posts Gains Despite an uptick in registrati
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