June 17, 2026
United States:
US Retail Sales Rise in Broad Gain Despite Higher Gas Prices
US consumers ramped up spending in May across a broad range of retailers, signaling households powered ahead despite higher gasoline prices.
The value of retail purchases rose 0.9%, marking a fourth straight month of increases, Census Bureau data showed Wednesday. The figures aren’t adjusted for inflation.
Europe:
ECB’s Lagarde Warns AI Is Huge Risk for Financial Stability
Artificial intelligence can potentially lead to dangerous financial crises, and the European Central Bank is determined to ensure that doesn’t happen, President Christine Lagarde said.
“We cannot stop artificial intelligence, even with our sound regulations,” she said in a speech in Venice on Wednesday. “What we can do, however, is prepare ourselves so that our citizens can benefit from it and be protected from its dangers, and that’s what we’re doing.”
Asia:
How the Iran War Is Leaving Lasting Scars Across Asia
An interim deal to reopen the Strait of Hormuz offers relief, but Asia’s economic woes are far from over. Beyond the chokepoint, the conflict has forced long-lasting shifts in Asia’s food and energy flows.
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