The president suggested the recent numbers mean there will be a bigger decline in inflation once the war in Iran is over.

May inflation rose to 4.2% year over year, the highest level in three years, according to the Consumer Price Index report. NBC News’ Christine Romans reports on prices rises by sectors and how wages haven’t been keeping up with costs. 

Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.

Kalshi will soon require users to disclose their employers to place certain trades that involve sensitive information.

A former pilot flew commercial planes for nearly 17 years without the required license, Ontario police said.

Paramount accused Netflix of launching a “scorched-earth campaign to try and poison regulators and other stakeholders” against its purchase of Warner Bros.

David Bach, bestselling author of “The Automatic Millionaire,” joins TODAY’s Jenna Bush Hager and Sheinelle Jones to smart money moves you can make at any age. “The next 10 years are what I believe will be the greatest opportunity to build wealth in our lifetime. We have never seen what’s about to happen and that’s because of AI,” he says. Tips include a formula to save some of your pre-taxed income, new retirement accounts for children and more.

Thrift shopping is back in fashion

State Assemblyman Alex Bores, a candidate for New York’s 12th Congressional District, speaks with NBC News’ Gadi Schwartz about why some top artificial intelligence companies are opposing his candidacy and whether AI should play a role in politics.

Brad Paisley urged his followers to sign a petition to stop the construction of a 69,000-square-foot data center that would be 50 yards from the zoo.