
US inflation cools to 3.5% as June CPI records its sharpest monthly fall since 2020
Consumer prices fell 0.4% in June as gasoline plunged 9.7%, dragging annual US inflation down to 3.5% from 4.2% and easing pressure on the Federal Reserve.
Business and Markets Editor
15 articles · Writes about Business
Aisha Verma covers business, markets and the Indian economy for The NE Times, from company results and IPOs to the policy decisions that move the rupee, the Sensex and household budgets.

Consumer prices fell 0.4% in June as gasoline plunged 9.7%, dragging annual US inflation down to 3.5% from 4.2% and easing pressure on the Federal Reserve.

United beat Q2 forecasts with revenue up 16% to $17.67bn and raised its outlook, even as jet fuel costs surged 34% in July on the US-Iran conflict.

Stripe and Advent International have offered $60.50 a share, about $53bn, for PayPal. A deal would fuse two payment giants moving $3.7tn a year.

JPMorgan Chase opened the Q2 season with $21.2bn in profit and a $4.6bn Visa windfall, as Citigroup and Wells Fargo also beat Wall Street forecasts.

Japan's parliament reclassified Bitcoin, Ethereum and XRP as financial products, cutting the top 55% crypto tax to a flat 20% and opening the door to ETFs.

Goldman Sachs earned $20.98 a share in Q2 2026, up 92% in a year, as record equities revenue of $7.42bn and a dealmaking revival crushed forecasts.

Brent crude climbed toward $86 after the US reimposed a naval blockade on Iranian ports, powering Shell, BP and Exxon shares and stoking $100 oil talk.

Sensex ended at 77,185 and Nifty at 24,078 on 15 July as banks and financials countered oil-driven nerves, a day after a 561-point slide on Iran fears.

Knight Frank says homes priced above Rs 1 crore made up 54% of H1 2026 sales across eight cities, as India's housing market consolidates rather than corrects.

The India-UK trade pact took effect on 15 July 2026, scrapping UK duties on 99% of Indian tariff lines and halving India's levy on Scotch whisky to 75%.

India's merchandise trade deficit hit $30.43 billion in June 2026, the widest since January, as imports surged 31% on costlier crude, electronics and gold.

HCLTech opened FY27 with a 20.3% profit rise, record Q1 bookings of $2.4 billion and a Rs 3,500 crore plan to enter the AI data centre business.

The competition regulator fined HP India Rs 138.85 crore and 21 resellers Rs 3.52 crore for rigging GeM tenders for PCs and printer cartridges.

Brent crude climbed past $85 as US-Iran attacks choked Strait of Hormuz traffic, raising import bill and inflation risks for oil-dependent India.

Anthropic has launched rupee pricing for Claude in India, with Pro at Rs 2,000 a month, as the AI firm courts its second-largest market after the US.
Showing all 15 articles by Aisha Verma.