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Inflation topped 4% in May as CPI surged to highest level in 3 years

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Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2% last month, up from 3.8% in April and the highest level in three years. By the numbers Economists polled by financial data firm … Read more

Wembanyama, Spurs take their game to another level, hold off Knicks in Game 3 of NBA Finals

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Victor Wembanyama has his first NBA Finals win — and the New York Knicks suddenly have a lot of work left to end their 53-year championship drought. Wembanyama had 32 points, eight rebounds and six assists, carrying the San Antonio Spurs to a 115-111 victory Monday night that cut the Knicks’ lead to 2-1 in … Read more

Pentagon raised threat of Israeli spying on U.S. to highest level, sources say

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WASHINGTON — The Pentagon is increasingly concerned about Israel ramping up its spying on the U.S., recently raising the counterintelligence threat level from America’s top ally in the Middle East to the highest level, according to two U.S. officials and one former U.S. official. Subscribe to read this story ad-free Get unlimited access to ad-free … Read more

I’ve tested nearly a dozen point-and-shoot cameras — these are the best no matter your experience level

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Pocketable point-and-shoot cameras are having a serious moment. New and old models are selling out, with most camera manufacturers struggling to keep up with demand. The Fujifilm X100VI, a very popular camera on social media, took me five months to receive after placing my pre-order. As NBC Select’s tech reporter (and a photography enthusiast), I … Read more

Energy cost spike from Iran war sends inflation soaring to highest level in nearly 3 years

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Inflation is now at its highest level in nearly three years, in large part due to skyrocketing energy costs from the Iran war. Arjun Murti, partner at the energy sector firm Veriten and author of the energy-focused Substack newsletter “Super-Spiked,” joins with analysis. Source link

CPI surged in April as inflation soars to highest level since 2023

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Inflation accelerated in April to an annual rate of 3.8%, the highest since 2023, as the Iran war pushed up energy costs and raised prices across the economy. By the numbers Economists predicted inflation would jump to 3.7% on an annual basis, up from the 3.3% reading in March, according to a FactSet poll. The CPI, a basket … Read more

Gas prices top $4.50 a gallon, reaching highest level since July 2022

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Gasoline prices across the U.S. surged to an average of $4.54 a gallon on Wednesday, the highest since July 2022, according to AAA data. The price of regular gas has jumped 52%, or $1.56 per gallon, since the start of the Iran war in late February, as disruptions to oil flows in the Middle East drive … Read more

U.K. raises terrorism threat level to

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The U.K. has raised its national threat level from “substantial” to “severe” following a stabbing attack that wounded two Jewish men in Golders Green, a residential area in northwest London, on Wednesday. Officials cited the increasing threat of Islamist and extreme right-wing terrorism in the country. In a government statement, Home Secretary Shabana Mahmood described … Read more

Oil prices hit wartime peak, pushing U.S. gas costs to highest since level July 2022

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Oil prices surged to a wartime high Thursday, with Brent crude, the international benchmark, topping $126 a barrel as concerns grew that the Iran war will drag on, tightening global energy supplies.  Gasoline prices also reached a new high since the Middle East conflict began on Feb. 28, with the average U.S. cost jumping to … Read more