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UK House Prices Fall as Mortgage Costs Bite, Nationwide Says
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UK House Prices Fall as Mortgage Costs Bite, Nationwide Says

Bloomberg Markets·Andrew Atkinson, Tom Rees·about 14 hours ago
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#bloomberg#house#prices#fell#first#time

UK house prices fell for the first time in five months, according to one of Britain’s biggest mortgage lenders, suggesting the surge in borrowing costs triggered by the Iran war is placing a strain on prospective homebuyers.

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America In Focus: Inflation gauge hits multiyear high as American consumer confidence slides
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America In Focus: Inflation gauge hits multiyear high as American consumer confidence slides

The Seattle Times The Seattle Times·MICHELLE CHAPMAN·2 days ago
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A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans’ finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away.

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India’s oil shock could have been much worse — but for China
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India’s oil shock could have been much worse — but for China

The Indian Express·Sukalp Sharma·2 days ago
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China has cut down on its crude oil imports amid the Strait of Hormuz crisis, blunting the oil shock for India and other Asian refiners. But why did it do this, and how long can it hold back?

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Asia Rice Surges 20% in May as War and Weather Threaten Output
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Asia Rice Surges 20% in May as War and Weather Threaten Output

Bloomberg Markets·Hallie Gu, Cao Ban·2 days ago
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#bloomberg#asian#rice#prices#posted#biggest

Asian rice prices posted their biggest monthly jump in nearly two decades in May, and could rally further as weather risks and war-driven surges in energy and fertilizer costs threaten production.

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Costco says Americans are panic-buying one thing again—and it’s not toilet paper
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Costco says Americans are panic-buying one thing again—and it’s not toilet paper

Fast Company·Taylor Hatmaker·3 days ago
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With gas prices soaring, Americans looking to save at the pump are flocking to Costco in droves. In its latest quarterly earnings report, the budget-friendly retailer described a “record-breaking” volume of sales in its gasoline business.…

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Wednesday assorted links - Marginal REVOLUTION
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Wednesday assorted links - Marginal REVOLUTION

Marginal REVOLUTION·Tyler Cowen·3 days ago
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1. As meat prices rise, the economics of Texas barbecue. 2. Economic historian Eric Jones has passed away. 3. Claims about the Pope and Claude. If true, further evidence for my Straussian hypothesis. 4. Koyama reviews Tyler Goodspeed on business cycles.…

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Gas prices are dropping — but they're still high
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Gas prices are dropping — but they're still high

Axios·Ben Geman·3 days ago
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#axios#strong#prices#target#article#video

Data: AAA; Chart: Ben Geman/Axios Pain at the pump is easing, but gas is far costlier heading into the summer than last year — and what comes next is wildly unpredictable.…

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Inflation Jumps to 3-Year High as Critics Say Trump Economic Promises Have Turned to Dust | Common Dreams
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Inflation Jumps to 3-Year High as Critics Say Trump Economic Promises Have Turned to Dust | Common Dreams

"If an economic policy will make life harder for American families, you can count on President Trump to try it," said one leading House Democrat.

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