Wholesale prices rose 1.1% in May, more than expected, on surge in energy

The European Central Bank also raised its inflation forecasts and cut its growth outlook.

Iran will consider all of Elon Musk's companies in the Middle East as military targets as it retaliates against the U.S., Iranian state media reported.

A large portion of IPO shares will be allocated to retail investors, but they face penalties if they sell too soon.