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Inflation peaked in May as energy prices fell in June, Kalshi traders think

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With oil and gas prices falling in the wake of the detente between the U.S. and Iran , prediction market traders now think inflation has peaked. Speculators on prediction market platform Kalshi think there's only a 28% chance that headline inflation this year peaks above 4.2%, which was the annual rate of increase in the Consumer Price Index in May . The next CPI report, measuring inflation in June, is due for release by the Bureau of Labor Statistics (BLS) on July 14. The contract on Kalshi asks if traders think CPI will deliver a reading above various percentages in 2026. Contracts are resolved using the CPI data released each month by the BLS. The inflation outlook has eased primarily due to recent declines in its main driver: energy prices. After shooting higher after the start of the U.S.-Iran war jn late February and the subsequent closure of the Strait of Hormuz, gas and oil prices have started to retreat after the partial reopening of the waterway. Average national gasolin...

Deutsche Bank maps revolution in market plumbing: Tokenized cash and collateral

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Brewery boss who banned phones and swearing from pubs dies aged 81

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Image source, York Press Image caption, Humphrey Smith ran the Samuel Smith brewery and pub business for decades By Tim Dale , Yorkshire and Emily Johnson , Yorkshire Published 1 July 2026, 11:26 BST Updated 2 hours ago Humphrey Smith, the owner of the Samuel Smith's brewing and pub business, has died aged 81, it has been confirmed. Established by his family in 1758, Smith had run the Samuel Smith Old Brewery since the 1980s. The firm also has about 200 pubs around the UK. The business, based in Tadcaster, North Yorkshire, was known by many pubgoers for its eccentric rules including banning mobile phones, music, televisions and swearing at their sites. Tadcaster's mayor Richard Sweeting described the notoriously publicity-shy businessman as a "true gentleman" and a "man of principle". The mayor said: "He hadn't been well for a little while but Mr Smith was a private man and it was kept quiet. "But it always is a shock when something actually h...

The town that Elon Musk built

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Gold prices today, Wednesday, July 1: Prices remain below $4,100, but could have plenty of room to rise

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Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure . Gold prices today, Wednesday, July 1: Prices remain below $4,100, but could have plenty of room to rise Tim Manni Wed, July 1, 2026 at 5:05 AM PDT 7 min read Gold August ( GC=F ) futures opened at $4,025 this morning, Wednesday, July 1, 2026, down 0.3% compared to Tuesday's closing price. The price of gold was firming this morning, moving up to $4,046.60 as of 8:03 a.m. ET. Last week we wrote, "Gold prices opened at their lowest level so far this week and are sliding further this morning." Since last Wednesday, gold prices have continued to trend lower to levels last seen in 2025. But despite this sliding trend, some analysts predict gold is " not done ," with plenty of potential for prices to increase as the year moves on. Analysts at JP Morgan recently wrote that they expect gold to rise as high...

Why Gen Z are planning for life without a state pension

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By Colletta Smith BBC Your Voice correspondent Joel has finally landed his first graduate engineering job after several years of lower paid roles. He's in his early 20s, lives with his parents and works in London. But instead of splashing the extra cash, or saving up for holidays or a house deposit, he's decided to squirrel more of it away into his workplace pension. The reason? He doesn't think he'll get any kind of state pension. Like Joel, around half of Gen Z (those born from 1997 2012) say they don't expect the state pension to exist by the time they retire. It's pretty stark to hear, but growing up with constant headlines about an ageing population, a proportionally smaller working-age population, and the pressure that government finances are under, Joel thinks it's his generation that will suffer. "I don't believe that I'll be a recipient of a state pension. I know a lot of people my age don't think they're going to be... Th...

Trump's annual financial disclosure shows more than $580M in crypto-related income

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President Donald Trump 's annual financial disclosure report was released on Tuesday by the U.S. Office of Government Ethics , revealing income of hundreds of millions of dollars from proceeds of crypto tokens and holdings of hundreds of individual company stocks. Trump's disclosure report for 2025, which was the first year of his second non-consecutive term in the White House, totals 927 pages. The report reveals that Trump's crypto-related income included about $515 million from the sale of tokens released by the firm World Liberty Financial, and $65 million from sales of equity in WLF's holding company. WLF is the Trump-linked crypto company co-founded by members of his family that issues the WLFI governance token and USD1 stablecoin. Trump, who first made his name in business with real estate developments in New York, also disclosed that he received $635 million in royalties from what were described as "Celebration Coins." It was not immediately clear wha...

Iran says it is selling oil at 20% premium as end of U.S. blockade sees 40 million barrels exported

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Iran has exported more than 40 million barrels of crude oil since the U.S. removed its naval blockade of Iranian ports, and is now selling oil at prices roughly 20% higher than before the war, parliament speaker and chief negotiator Mohammad Bagher Ghalibaf said Tuesday. The U.S. and Iran signed a memorandum of understanding on June 17 to end nearly four months of war and reopen the Strait of Hormuz, and set up 60 days of negotiations to work out a permanent peace deal. The two sides briefly traded strikes over the weekend after Iran attacked two transiting vessels. The ceasefire prompted a surge in crude shipments through the vital waterway where traffic had largely ground to a halt during the conflict, sending oil prices sharply lower . "Since the day the naval blockade was lifted, we have exported more than 40 million barrels of oil," Ghalibaf said in a television interview published on his Telegram channel . Iran had been unable to export a single barrel during the rough...

Exclusive-NBCUniversal may enter video game business after Comcast split, sources say

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Exclusive-NBCUniversal may enter video game business after Comcast split, sources say Echo Wang, Dawn Chmielewski and Milana Vinn Mon, June 29, 2026 at 1:33 PM PDT 4 min read CMCSA By Echo Wang, Dawn Chmielewski and Milana Vinn June 29 - NBCUniversal is eyeing opportunities in digital gaming and new entertainment franchises as the company weighs options for future growth after its planned spinoff from Comcast, according to three people with direct knowledge of the matter. Comcast's cable and connectivity business, meanwhile, is ripe for technological investments that could take advantage of the massive surge in data centers and AI, these people said. No tie-ups have been discussed, and any potential deal would not happen until a period of time following the split, the people said. These are among a broad range of options the company is exploring. Comcast declined to comment on any possible deals. In an interview with Reuters, Comcast CEO Brian Roberts said the company had decided ...

Five things we learnt from Trump’s financial disclosure

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After a Weekend of Skirmishes, the U.S. and Iran Agree to Halt Hostilities. Here's What it Means for Energy Investors.

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After a Weekend of Skirmishes, the U.S. and Iran Agree to Halt Hostilities. Here's What it Means for Energy Investors. Matt DiLallo, The Motley Fool Mon, June 29, 2026 at 11:35 AM PDT 5 min read CL=F NVDA The U.S. and Iran traded shots over the weekend. Iran attacked a couple of ships in the Strait of Hormuz in the past week. The U.S. military retaliated over the weekend, launching strikes on targets in Iran. However, both sides agreed to halt their hostilities and are reportedly meeting in Qatar this week to work towards a permanent peace deal. Oil prices have had a relatively muted reaction to the renewed hostilities. Both Brent oil (the global oil benchmark) and WTI (the U.S. oil benchmark) were up about 2% on Monday, with WTI regaining the $70-a-barrel level while Brent is approaching $75. Here's a look at what this means for energy investors . Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known ch...

Uniqlo’s plan to dominate global fashion

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Anthropic says US lifts export ban on its advanced AI tools

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Image source, Bloomberg via Getty Images Image caption, Anthropic boss Dario Amodei By Osmond Chia Business reporter Published 1 July 2026, 02:13 BST Updated 41 minutes ago The US government has lifted an export ban on Anthropic's most advanced artificial intelligence (AI) tools, just weeks after ordering it to restrict access to them over national security concerns, the company has said. Anthropic said in a statement that it will begin restoring access to Claude Fable 5 and Mythos 5 on Wednesday after being notified that the US Department of Commerce has lifted restrictions on the two models. They are the firm's most advanced AI tools, which were abruptly suspended on 12 June over concerns that they could be used by hackers to exploit weaknesses in computer systems. The Commerce Department said in a letter seen by the BBC that Anthropic has addressed the risks. "Anthropic has agreed to proactively detect and address security risks associated with the models," Commer...

Trump made more than $1bn from crypto in first year back in office

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Image source, Reuters Image caption, US President Donald Trump has been involved business dealings. By Kali Hays Technology reporter Published 1 July 2026, 01:39 BST Updated 22 minutes ago US President Donald Trump made more than $1bn ( 750m) last year from business dealings in cryptocurrency, according to his mandatory financial report for 2025. In a 927-page disclosure, he reported $635m in royalties from a Trump meme coin that has plunged in value since he launched it days before taking office. He also reported over $500m in income from World Liberty Financial, a cryptocurrency firm founded by his own sons and the children of his special envoy, Steve Witkoff. He earned millions more from real estate and Trump-themed items. But the White House denied he was profiting from the presidency. The earnings from his latest financial disclosure far outpace the previous ones for 2024, when Trump disclosed over $600m in income. But the White House, which has repeatedly emphasised that Trump h...

US Supreme Court checks Trump’s power even as it bolsters the presidency

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China-linked actors target more than technology as AI competition with U.S. intensifies

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Cyberattacks aimed at stealing American artificial intelligence technology are increasingly expanding from tech-based attacks to the exploitation of human-level vulnerabilities, with China-based actors playing a growing role. "As the AI race has heated up, the [People's Republic of China] has targeted the tech sector increasingly," said Matt Pearl, director of the strategic technologies program at the U.S.-based think tank Center for Strategic and International Studies. Rather than focusing on a specific trade secret, such as hardware designs, the hackers have broadened their interest to anything that could narrow the three- to four-month AI gap with the U.S., Pearl said. That, he said, ranges from understanding a company's product roadmap, particularly in highly competitive sectors, to identifying weaknesses in supply chains. The alleged cases are already piling up. In June, U.S.-based cybersecurity giant CrowdStrike said Chinese entities accounted for more than hal...

Europe’s rearmament drive is sustaining 195,000 US defence jobs, Nato chief says

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Trump made more than $500mn from sale of family’s crypto tokens last year

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US president also earned hundreds of thousands of dollars from licensing of Bibles, watches and perfume while in office 🔥 EXCLUSIVE PARTNER OFFER Station 12 Ports,Sector Adapter Hub Multiple Charger Adapted to Mobile Phone and Other USB Charging Devices 29.52 🎁 Special promotion! Perfect gift idea at an unbeatable price. Shop now! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/dab0dd71-2d95-4838-b0df-e942f9cc5dec © EcoNews DZ — Global Economic & Financial News

Dave Ramsey Just Gave You Two Hidden Reasons to Move Everything to a Roth. No RMDs and No Inherited-IRA Forced Withdrawal

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Dave Ramsey Just Gave You Two Hidden Reasons to Move Everything to a Roth. No RMDs and No Inherited-IRA Forced Withdrawal Dave Ramsey Just Gave You Two Hidden Reasons to Move Everything to a Roth. No RMDs and No Inherited-IRA Forced Withdrawal 24/7 Wall St. Danielle Liverance Mon, June 29, 2026 at 7:01 AM PDT 5 min read Dave Ramsey just gave away the two reasons most people convert to a Roth too late, if they convert at all. I've been studying retirement account mechanics for over a decade, and the part of his pitch that lands hardest is what happens after you die. Here is the math behind both of his claims, and the one variable that decides whether converting is brilliant or expensive. The quote that reframes the Roth debate On the April 10, 2026 episode of The Ramsey Show titled Start Telling Your Money Where To Go , Dave Ramsey said: "moving everything to Roth people, that ain't bad or overtime, that's the move. It gives you two things I had not considered early on...

A new Plaza Accord for global currencies wouldn’t work

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