Business & Markets — July 19, 2026

June inflation posts largest drop since April 2020. Consumer prices fell in June on lower energy costs — the biggest one-month decrease since April 2020. But the Iran-driven oil shock could make the reprieve short-lived.

Axios reports the cooler reading arrives as speculation about Federal Reserve rate increases is intensifying, complicating the picture for policymakers. Because the improvement was driven largely by cheaper energy, any sustained rise in oil prices tied to the conflict with Iran could reverse the trend in subsequent monthly reports, according to the outlet.

Axios · Read more →

Uber agrees to buy Delivery Hero for $14.8 billion. The all-stock deal would nearly double Uber's global footprint and create one of the world's largest food-delivery platforms outside China.

TechCrunch · Read more →

Wall Street banks post record profits. JPMorgan, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo reported earnings up 39% year-over-year this week on strong trading and investment banking activity.

Quartz · Read more →