Inflation is being driven by the high cost of oil resulting from the conflict between the U.S. and Iran. Wholesale inflation rose 0.4% in August, driven higher by rising oil prices that have sent the global cost of a barrel of oil to $100,

Wholesale-price inflation sped up in August, the Labor Department said Thursday.The producer-price index rose by 0.4% last month, versus its 0.1% increase in July. The reading was in line with economists’ forecasts.

Inflation in wholesale prices accelerated last month, the Labor Department said Thursday, in a report closely watched for its implications for the Fed's interest-rate decision next week. The producer price index rose by 0.

Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war are keeping costs elevated. The Labor Department’s producer

If estimates are correct, more money could be on the way soon for those retirees who rely on Social Security. In looking at recent Consumer Price Index data, the Senior Citizens League, a non-partisan group highlighting issues affecting older Americans,

Social Security benefits, paid mostly to recipients who are older or retired, are typically paid on Wednesdays.

Quick ReadSocial Security's 2027 COLA is estimated to fall between 3.4% and 3.6%, which would translate to roughly a $73 monthly raise for the average recipient receiving $2,086.Medicare Part B premium increases could shrink that $73 raise to around $55,

Social Security will see some changes in 2027, leaving many to wonder about the cost-of-living adjustment (COLA) benefits for the next year.

The European Central Bank raised some of its growth projections on Thursday ​and also lifted its inflation outlook, suggesting that ‌it expects a war-induced energy shock to dissipate only slowly.

The European Central Bank is set to raise borrowing costs for the second time since the Iran war sent energy prices soaring, with inflation locked well above target and the region’s economy proving surprisingly robust.

Dow and S&P 500 futures are rising, the Nasdaq is falling in premarket trading Thursday as the stock market shrugs off the oil price rally.

The European Central Bank looks set to raise interest rates on Thursday for the second time this year, seeking to head off an energy-driven surge in inflation triggered by the Iran war.

Canada struck back at U.S. President Donald Trump on Tuesday with tariffs on about $20 billion worth of U.S. goods, in response to the latest round of tariffs on Canada.

Canada announced tariffs on about $20 billion worth of U.S. goods, in response to the latest round of tariffs on Canada.

Canadian tariffs took effect on $20 billion worth of U.S. goods including milk and steel as President Donald Trump announced a sales ban on Canadian aircraft manufacturer Bombardier until the company builds planes in America.

Canada struck back at U.S. President Donald Trump on Tuesday with tariffs on about $20 billion worth of U.S. goods, in response to his latest round of tariffs on Canada