Cooling Inflation Meets Soaring Oil | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews Inflation cooled unexpectedly in June, sparking mixed market reactions and lower bond yields, while oil prices surged past $80 a barrel amid Middle East tensions and Hormuz supply fears. Asian markets rose, led by Tokyo and Seoul, as China’s AI-linked exports surged. U.S. banks like Bank of America and JPMorgan posted earnings, with analysts forecasting strong S&P 500 profits. The tug-of-war between rising oil and slowing inflation leaves central banks watching closely—higher energy costs could reignite inflation and reshape rate decisions. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c473a4f26b5347ff