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Trump is facing a new inflation warning from the bond market, adding to his midterm challenges

WASHINGTON, June 1, 2026 (AP) — The world is getting more uptight about lending money to President Donald Trump’s government — causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November’s midterm elections. The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government. Interest rates on a 10-year U.S. Treasury note are topping 4.44%, up from 3.95% before the war started at the end of February. Average mortgage rates have climbed to their highest

Sensex, Nifty rebound in early trade on blue-chip buying, Asian rally

Mumbai, Jun 1 (PTI) Benchmark indices Sensex and Nifty rebounded in early trade on Monday driven by strong buying in blue-chips and tracking positive cues from the Asian markets following a sharp selloff in the previous trading session. The 30-share BSE Sensex climbed 206.16 points to 74,981.90 in early deals. The 50-share NSE Nifty went up by 42.65 points to 23,604.80. From the 30-Sensex firms, Asian Paints, InterGlobe Aviation, Infosys, Tech Mahindra, Tata Consultancy Services and HCL Tech were among the major gainers. Sun Pharma, Mahindra & Mahindra, NTPC and Hindustan Unilever were among the laggards. In Asian markets, South

Rupee falls 9 paise to 94.94 against US dollar in early trade

Mumbai, Jun 1 (PTI) The rupee depreciated 9 paise to 94.94 against the US dollar in early trade on Monday weighed down by elevated crude oil prices as the Israel-Lebanon conflict escalated. Forex traders said Dollar Index was nearer to 99 levels while oil prices rose to USD 93 per barrel after Israel-Lebanon conflict escalated following sharp weekly drops as Washington and Tehran discussed potential ceasefire that could eventually ease out the disruptions around Strait of Hormuz. At the interbank foreign exchange market the rupee opened at 94.93 then lost some ground and touched an early low of 94.94, registering

Commercial LPG prices hiked by Rs 42 per 19-kg cylinder; no change in domestic cooking gas rates

New Delhi, Jun 1 (PTI) Prices of commercial LPG – the one used in hotels and restaurants – were on Monday hiked by Rs 42 per 19-kg cylinder but there was no change in the rates of cooking gas used in household kitchens. The price of commercial LPG was hiked to Rs 3,113.50 per 19-kg cylinder from Rs 3,071.50 in Delhi, industry sources said. Rates for the 14.2-kg domestic LPG cylinder used in household kitchens remained unchanged at Rs 913.

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