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A model wears a creation from the Dolce & Gabbana Spring/Summer 2027 Men's collection presented in Milan, Italy, Saturday, June 20, 2026. (AP Photo/Nicola Marfisi)

Luxury consumers seen nudging sector back to growth despite global tensions

8:23 AM on Thursday, June 25

Luxury consumers are cautiously resuming purchases of apparel, handbags, and cosmetics, despite ongoing geopolitical uncertainty

Envision Pharma Group Promotes Jennifer Lospinoso to President, Riparian

8:00 AM on Thursday, June 25

FILE - A customer readies to pump gas at this Ridgeland, Miss., Costco, Tuesday, May 24, 2022. s. (AP Photo/Rogelio V. Solis, File)

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

7:41 AM on Thursday, June 25

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as midterm elections near

Customers wait their order in a food court at a wholesale store in Mount Prospect, Ill., Monday, June 8, 2026. (AP Photo/Nam Y. Huh)

US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate

7:40 AM on Thursday, June 25

The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth

FILE - A hiring sign is displayed at a restaurant in Niles, Ill., Thursday, May 14, 2026. (AP Photo/Nam Y. Huh, File)

US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds

7:38 AM on Thursday, June 25

Fewer Americans applied for jobless aid last week as layoffs remain low despite economic headwinds that are creating uncertainty for businesses

Residents swim in the waters of the Strait of Hormuz as a small motorboat passes cargo ships and other commercial vessels offshore near Bandar Abbas, Iran, Wednesday, June 17, 2026. (Amirhosein Khorgooi/ISNA via AP)

Oil tankers use new route through Strait of Hormuz despite Iranian threats

1:11 AM on Thursday, June 25

Several tankers have made their way out of the Strait of Hormuz using a new route promoted by a U.N. maritime agency

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