Local Business
06/14/2026 · Beaumont
Asian stocks fall as tech concerns collide with Middle East tensions
Stock markets in Asia declined as investors sold technology holdings while Iran and Israel exchanged military strikes, sending oil prices into volatile trading.
Mortgage Rates Remain Elevated Despite Federal Reserve Action
Mortgage rates have stayed high even as the Federal Reserve manages interest rates. Market participants' views on inflation play a larger role in determining home loan costs than Federal Reserve decisions do.
06/14/2026
U.S. employers added 172,000 jobs in May as labor market shows resilience
American employers added 172,000 jobs in May, marking the third consecutive month of employment growth. The labor market has maintained strength despite multiple economic pressures, according to the latest data.
06/14/2026
May jobs report expected to show steady hiring despite inflation pressures
The May employment report arrives Friday with forecasts pointing to continued job growth even as inflation strains the broader economy. Analysts expect hiring to hold steady despite mounting cost pressures.
06/14/2026
Stalled U.S.-Iran Talks Leave Strait of Hormuz Mostly Closed, Threatening Global Energy Supply
Diplomatic negotiations between the U.S. and Iran have stalled, leaving the Strait of Hormuz largely closed to commercial traffic. Energy analysts warn that a prolonged disruption could reverberate across global oil markets and supply chains.
06/14/2026
Social Security Trust Fund Faces 2033 Depletion, Trustees Report Shows
Social Security trustees project the Old-Age and Survivors Insurance Trust Fund will deplete its reserves in 2033, matching last year's timeline. The separate Disability Insurance Trust Fund is expected to remain solvent.
06/14/2026
U.S. inflation reaches 4.2%, highest rate in nearly two years
The inflation rate climbed to 4.2%, marking the steepest increase since early 2023. Workers and consumers report feeling financial pressure as their wage gains fall short of price increases.
06/14/2026
Inflation Hits 3-Year High as Gasoline Prices Surge
Gasoline prices drove inflation to its highest level in three years last month, presenting economic challenges for policymakers and political implications as midterm elections approach.
06/14/2026
U.S. inflation reaches 4% as gasoline prices climb sharply
Inflation surged to 4% in May, marking the highest rate in more than three years. Gasoline prices accounted for more than 60% of the monthly increase in the consumer price index.
06/14/2026
SpaceX prepares for public stock offering
SpaceX is moving toward a stock market listing, a step that would transform the aerospace company's financial structure. The offering could significantly alter both the company's valuation and Musk's personal fortune.
06/14/2026
Second-Hand Retailers See Growing Demand as Shoppers Seek Lower Prices
Thrift stores and online resale marketplaces are experiencing increased traffic as consumers, particularly younger shoppers, seek discounted merchandise. The surge comes as inflation reaches a three-year high and wage growth lags behind price increases.
06/14/2026