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US producer prices spike in May in largest yearly jump since 2022

WASHINGTON (AP) – U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index – which captures inflation before it reaches consumers – jumped 6.5% from May 2025.

Afghanistan struggles to 113-5 after India declares at 564-8 on Day 2 of one-off test

NEW CHANDIGARH, India (AP) – Debutant left-arm spinner Manav Suthar picked up 3-21 as Afghanistan finished the second day of the solitary cricket test against India at 113-5 in 39.5 overs on Sunday.

UK defense secretary resigns, saying government not willing to spend enough on military

LONDON (AP) – U.K. Defense Secretary John Healey unexpectedly quit on Thursday, saying the government is unwilling to spend enough on the military at a time of “rising threats.” The resignation dealt another blow to embattled Prime Minister Keir Starmer, who is already facing demands from Labour colleagues to step down.

Politics
A look at the SpaceX IPO by the numbers

Elon Musk is all about big numbers – millions, billions, even trillions – and there are plenty of them associated with SpaceX and Musk’s plans to take the rocket maker public.

Politics
Europe's central bank raises rates to fight inflation from Iran war

FRANKFURT, Germany (AP) – The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the world including new U.S. Federal Reserve Chair Kevin Warsh wrestle with how to confront the inflation fed by sharply higher oil prices.

Politics
US producer prices spike in May in largest yearly jump since 2022

WASHINGTON (AP) – U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index – which captures inflation before it reaches consumers – jumped 6.5% from May 2025.

Politics
US producer prices spike in May in largest yearly jump since 2022

WASHINGTON (AP) – U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index – which captures inflation before it reaches consumers – jumped 6.5% from May 2025.

Politics
The Trump Report: The Latest Updates

President Donald Trump on Thursday said the U.S. would hit Iran “VERY HARD TONIGHT,” threatening in a social media post to “assume total control” of Iran’s oil and gas industries, including the key Kharg Island, in the “not too distant future.”

Politics
UK defense secretary resigns, saying government not willing to spend enough on military

LONDON (AP) – U.K. Defense Secretary John Healey unexpectedly quit on Thursday, saying the government is unwilling to spend enough on the military at a time of “rising threats.” The resignation dealt another blow to embattled Prime Minister Keir Starmer, who is already facing demands from Labour colleagues to step down.

WASHINGTON (AP) – President Donald Trump on Wednesday showed how he had learned to stop worrying about inflation and simply, in his own words, “love” it. Asked about the new report that the consumer price index in May had jumped 4.2% over the last year, the president took a surprisingly optimistic tack with the challenging news.