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US Import Prices Surge 1.9% in May, Hitting Largest Annual Rise in Nearly Four Years

US import prices rose 1.9% in May from April, according to official government data released June 16, 2026, matching the revised increase recorded the prior month. The reading came in well above market forecasts of a 1% gain, with year-on-year import price inflation reaching …

Nitish Kishor | 16 June 2026

US Housing Starts Plunge 15.4% in May to Six-Year Low as Mortgage Rates Curb Builder Activity

US housing starts fell to their lowest level in six years in May 2026, declining 15.4% from a revised April pace of 1.39 million to a seasonally adjusted annual rate of 1.18 million. The figure missed market expectations of approximately 1.43 million by a …

Nitish Kishor | 16 June 2026

US Building Permits Slip 0.7% in May as High Mortgage Rates and Affordability Pressures Weigh on Construction

US building permits decreased 0.7% in May 2026 to a seasonally adjusted annual rate of approximately 1.41 million, according to official government data released June 16, 2026. The reading came in below market expectations for 1.42 million and followed a revised April rate of …

Nitish Kishor | 16 June 2026

US Export Prices Rise 1.2% in May for Sixth Consecutive Monthly Gain

US export prices advanced 1.2% in May 2026 from the prior month, according to official government data released June 16, extending a run of consecutive monthly gains to six, the longest such streak since January. The reading followed an upwardly revised 3.5% increase in …

Nitish Kishor | 16 June 2026

US Stock Market Movers Today: Biotech Breakouts, Buyout Premiums and Sharp Sell-Offs

US equities saw a sharp split between speculative gainers and event-driven losers on June 16, 2026. Small and micro-cap stocks dominated both sides of the market, with outsized moves in biotechnology, fintech, restaurants, apparel and chemicals.

Nitish Kishor | 16 June 2026

Treasury Yields Fall to Monthly Lows as Hormuz Reopening Reduces Geopolitical Risk Premium

US Treasury yields declined to their lowest levels in a month on Tuesday, as the combination of falling oil prices and reduced geopolitical risk following the Strait of Hormuz reopening announcement reduced the safe-haven bid that had supported duration assets during the most acute …

Nitish Kishor | 16 June 2026

Crude Oil Tumbles Over 5% to $75.5, Lowest Since March as Hormuz Reopening Nears

WTI crude oil prices tumbled more than 5% to $75.54 per barrel on Tuesday, with front-month NYMEX futures falling 5.45% to $76.35, as oil markets rapidly unwound the geopolitical risk premium built up during months of Middle East conflict on expectations that Gulf energy …

Nitish Kishor | 16 June 2026

Strait of Hormuz to Reopen by Friday, Trump Says, but Full Traffic Recovery Could Take Weeks

President Donald Trump said Tuesday that the Strait of Hormuz is expected to be fully operational by Friday following the conclusion of the US-Iran peace agreement, though reporting from shipping and energy industry sources indicates that restoring commercial traffic to pre-conflict levels will require …

Nitish Kishor | 16 June 2026

Dark-Fleet Tankers Seized by US Forces Found Carrying Covert Surveillance Technology

US forces intercepting shadow-fleet oil tankers operating in contravention of Iranian sanctions have found sophisticated surveillance and communications equipment aboard seized vessels, a discovery that has materially altered the intelligence community's assessment of the dark fleet's purpose and the level of state involvement in …

Nitish Kishor | 16 June 2026

US Department of War and Phoenix Tailings Launch $1 Billion Rare Earth Processing Initiative

The US Department of War has partnered with Phoenix Tailings, a rare earth processing startup, to establish a $1 billion initiative targeting the construction of domestic rare earth element processing capacity, addressing what defense and clean energy supply chain experts have identified as the …

Nitish Kishor | 16 June 2026
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