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America In Focus: Inflation hits 3-year high, Wall Street rallies and Musk becomes a trillionaire. Rising gas prices pushed inflation to its highest level in three years, new data showed this week, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.
Iran stops talking to mediators, Iranian reports say, but Trump says talks continue. Iran stopped communicating with mediators after Israel threatened to bomb Beirut as it fights the Lebanese militia Hezbollah.
Asian shares mostly slip as latest fighting undermines the US-Iran ceasefire. Asian shares are mostly lower as renewed fighting threatens the U.S.-Iran ceasefire. Oil prices were lower but still above $90 a barrel.
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