US ground beef prices hit record $7.06 per pound in May, up 13.1% annually, as tight cattle supply and low herd levels drive sustained cost pressures.

China Jan.-May aggregate financing hits 17.48 trillion yuan, topping 17.15 trillion estimate

China's aggregate social financing for January-May 2026 reached 17.48 trillion yuan, compared with an estimate of 17.150 trillion yuan.

Elon Musk becomes world's first trillionaire on paper after SpaceX IPO. SpaceX's $75B listing values his stake at $866.5B, with Tesla holdings near $286B pushing total wealth above $1T.

Elon Musk becomes world's first trillionaire on paper after SpaceX IPO. SpaceX's $75B listing values Musk's stake at about $866.5B, with Tesla holdings near $286B pushing total wealth above $1T.

India willing to let fiscal deficit widen to 4.8% of GDP, Bloomberg News reports

India is willing to let its fiscal deficit widen to 4.8% of GDP, according to a Bloomberg News report.

UK economy shrank 0.1% in April, first monthly contraction since August, hit by cancellation of Gulf sporting events including Formula 1 races due to Iran war.

Britain's economy contracted by 0.1% in April, its first monthly drop since August, as the Iran war's cancellation of Formula 1 Grand Prix races and other Gulf sporting events delivered a heavy blow to the British entertainments industry.