U.S. consumer prices rose 4.2% in May from a year earlier, the fastest increase since April 2023. Energy costs, especially gasoline, drove much of the rise as conflict disrupted oil shipping through the Strait of Hormuz.
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SpaceX’s planned Nasdaq listing under the ticker “SPCX” could become the biggest IPO ever, with reported valuations around $1.75 trillion to $1.77 trillion. Retail investors may receive an unusually large allocation, though analysts warn the shares could be volatile and overvalued.
Xi Jinping met Kim Jong Un in Pyongyang and pledged broader cooperation in a visit aimed at strengthening China-North Korea ties. The summit comes as North Korea deepens military cooperation with Russia and continues expanding its nuclear program.
Alexander Zverev beat Flavio Cobolli in five sets at Roland Garros to win his first Grand Slam title in his fourth major final. The German claimed the French Open after earlier final defeats at the U.S. Open, Australian Open and Roland Garros.
Armenians voted in a parliamentary election seen as a test of Prime Minister Nikol Pashinyan’s push toward Europe and away from deeper dependence on Russia. The campaign has been shaped by tensions with Moscow, peace efforts with Azerbaijan and allegations against a pro-Russia opposition party.
Ukraine said a Russian drone damaged a spent nuclear fuel facility near Chornobyl, with no injuries and radiation levels stable. The attack came ahead of London talks between Volodymyr Zelenskyy and the leaders of the UK, France and Germany.
Russia said it shot down hundreds of Ukrainian drones as strikes targeted the St Petersburg region and other areas while a major economic forum ended. Zelenskyy said the attacks hit Russian naval and oil targets and again called for an end to the war.