US inflation accelerated in April amid an ongoing climb in gasoline prices and a jump in the cost of groceries. The consumer price index rose 3.8% from a year earlier, the fastest pace since 2023. Michael McKee breaks down the numbers.
President Donald Trump has said the ceasefire between the US and Iran was on “massive life support” after he rejected Tehran’s latest peace offer. Bloomberg's Joumanna Bercetche reports from Dubai.
JPMorgan Chase Chair and CEO Jamie Dimon says he is still worried about inflation risk during an interview with Bloomberg's Francine Lacqua.
Keir Starmer defied widespread calls for him to quit as UK prime minister, telling his cabinet he won’t step down without a leadership fight. Dozens of MPs joined calls for him to set out a timetable for his departure.
Traditional allies see the US under Donald Trump as an unreliable partner. Now they’re looking to hedge their bets by way of China, just as Xi Jinping positions his nation as the “adult in the room.”
