Latest coverage on Inflation from trusted news sources, updated throughout the day.
Latest AI Brief — Oct 7, 2026
AI & Tech Giants' New Frontiers > OpenAI's new agentic AI is buggy and overly affectionate, while Google pushes into AI game creation and XR glasses, signaling a rapid, if sometimes clumsy, expansion of AI's reach into daily life. :::stats $40B | SpaceX Nvidia chip funding target $1,279 | Google Xreal Aura starting price ::: OpenAI is rolling out "Dots," new agentic AI designed to automate online ...
Read the full briefMcDonald's Sued Over AI-Driven Pricing System HuffPost McDonald's sued over AI tool that recommends prices to US franchisees Yahoo Finance McDonald's hit with class action alleging AI-powered menu price-fixing Reuters CPI | McDonald’s Hit With Antitrust Suit Over AI-Assisted Menu Pricing PYMNTS.com McDonald’s Hit With Class Action Alleging AI-Powered Menu Price-Fixing Wide Open Country
Departure comes amid large drop in oil receipts, rampant inflation and shrinking economy Iran’s oil minister has resigned days after allegations that an intermediary trust selling Iranian oil abroad owed millions of dollars’ worth of export receipts to the state. Mohsen Paknejad’s departure comes as Iran grapples with a dire economic situation, including inflation running at 85%. An overall drop in oil receipts has led to a massive shortfall in foreign exchange earnings and one of the biggest dr
Treasurer says ‘very substantial and intensifying pressure’ on federal budget as he points finger at private sector for driving up inflation amid Middle East conflict Get our new political email, free app or daily news podcast Jim Chalmers has warned of “very substantial and intensifying” economic pressures on the horizon but insists he’s not planning for a recession, as he prepares to find new ways to cut the budget ahead of its mid-year update. The treasurer on Sunday called on critics of go
Green conference enters its second day, while Tories prepare for theirs on Sunday Good morning and welcome to the UK Politics live blog where cost-of-living issues are top of mind as diesel surges past £2 a litre for the first time. That’s a 40% increase since the start of the year, meaning the cost of filling up an average family car is now £110, nearly £32 more than before the US and Israel launched strikes on Iran in late February. The eight-months long war now has choked off key global sh
Guarantee will remain until 2030, but MPs will vote on changes during this parliament, government says Andy Burnham will pass legislation to scrap the state pension triple lock in this parliament, even though the guarantee will remain until 2030, the government has said. The prime minister used his conference speech to announce a change to the policy, which guarantees that the state pension rises by the highest of 2.5%, inflation or earnings growth. Continue reading...
US inflation rises less than expected in August; consumer spending surges Reuters Dow futures gain 100 points after data shows inflation slowed last month: Live updates CNBC The Fed’s Favorite Inflation Metric Just Hit 3%—Cooling Urgency for Rate Hike Realtor.com Stock Market Today: Nasdaq Jumps After GDP, PCE Data Point to Strength in U.S. Economy — Live Updates WSJ A cooler-than-expected reading on Fed’s favored inflation measure tamps down on urgency for rate hikes Yahoo Finance
Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected CNBC The Fed's main inflation measure will be released Wednesday. Here's what to expect CNBC US Consumer Spending Rises by Most in a Year, Core PCE Up 0.2% Bloomberg.com US inflation remained stubborn last month as Iran war continued to lift prices | CNN Business CNN Stock market today: Dow, S&P 500, Nasdaq futures edge lower ahead of PCE inflation data finance.yahoo.com
Jim Chalmers says ‘higher global oil prices flowing through to oil prices in Australia’ are to blame for inflation rising from 3.5% Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Inflation has jumped to 4% in the year to August, from 3.5%, as Jim Chalmers was again forced to defend Labor’s economic management amid fears the Reserve Bank will need to hike interest rates again before Christmas. The increasingly embattled treasu
U.S. Consumer Confidence Fell in September Amid Elevated Oil Prices, Inflation Worries, Conference Board Says WSJ Consumer optimism slides sharply as fears escalate over rising prices and jobs CNBC Americans growing more pessimistic about the economy as prices for gas, other items remain elevated abcnews.com US Consumer Confidence Plunges to Lowest Level Since 2014 Bloomberg.com Gold price shoots to session high $4,171/oz after Consumer Confidence drops to 81.9 Kitco
The Reserve Bank appears ready to push harder against inflation but it comes with a greater risk for the economy The fight against inflation has entered a new, more dangerous phase. For years, the Reserve Bank has been attempting, as gently as possible, to steer inflation back to its 2.5% target while trying to retain as many of the post-pandemic job gains as possible. Continue reading...
Supermarket chain declares ‘increasing confidence’ in its growth plans after posting record annual revenue of £19bn Business live – latest updates Aldi says it is stepping up investment in the UK with plans to spend £900m and open more than 40 stores. The company, which operates 1,092 budget supermarkets in the UK and Ireland, revealed sales rose 5% to a record £19bn last year. It opened 40 stores but profits slipped by £2.6m to £433m as it cut prices despite cost inflation. Continue reading.
Bumper fees paid in the year’s mergers and acquisitions spark anger over high City pay during cost of living crisis London’s investment bankers and lawyers have made more than £1bn from a frenzy of takeover deals this year, sparking anger over high City pay during the cost of living crisis. The value of mergers and acquisitions of UK stock market listed companies has surged 175% in 2026 to $132.9bn (£100bn), according to the London Stock Exchange, as overseas buyers snap up British companies at
Fuel costs have risen to levels not seen since early April, adding to risk of inflation and interest rate hike Australian diesel prices could surge above $3 a litre if Donald Trump cuts off US diesel exports amid floundering negotiations with Iran. Fuel costs have risen to levels not seen since early April, adding to inflation risks and making another hike in interest rates all but certain. Continue reading...
Latest data also shows unemployment at highest level since the pandemic, which analysts doubt will stop RBA hiking interest rates Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Australians are “scrambling” to find more work to cover soaring living expenses and prepare for higher mortgage costs, economists say, after new data showed unemployment ticked up to it’s highest rate since the pandemic. The key jobless figure lifted t
Proposals aim to push people into work, but charities say families are still paying price of austerity cuts and rise in cost of living People claiming universal credit (UC) would have their payments cut by a third if they have not paid enough national insurance, under a Conservative plan condemned by one charity as “a fast track to increased poverty”. Under the proposals, those who receive this “subsistence allowance” would have it paid into a dedicated debit card that would prevent from them bu
Get a personalized AI briefing on Inflation and more.
Try The Brief — free