The Oil Shock Is Worse Than You Think
The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t full…
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Bessent and Powell’s A.I. Anxiety
The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new…
A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers
The cost at the pump made its biggest monthly percentage increase in decades amid lingering tensions over the war in Iran.
The Iran War Has Prompted Some Companies to Raise Prices
Delta Air Lines, Amazon, the United States Postal Service and others have said they are raising prices amid higher energy costs connected to…
Europe Braces for a Spike in Inflation
Investors are betting that the European Central Bank and the Bank of England will raise interest rates this year.
U.S. Inflation Surged in March as Iran War Pushed Up Prices
Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in…
Trump Administration Returns to Court for Yet Another Tariff Lawsuit
States and small businesses challenged the 10 percent tax on many imports that President Trump imposed after the Supreme Court struck down a…
Consumer Spending, Engine of the U.S. Economy, Is Under Strain
Higher fuel costs are raising food and travel prices, while a shaky stock market tamps down free spenders.
First-Class Seats Drive Airline Profits. It Wasn’t Always This Way.
Airlines used to give away most of their nicest seats, but they have increasingly found ways to persuade people to pay a lot for them.
Middle East War Triggers Higher Prices in China
Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the econ…
Oil Goes Higher and Stocks Rise Ahead of U.S. Inflation Report
A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U.S. government data on inflation…
Judge Rejects Hegseth’s Second Attempt to Restrict Reporters at Pentagon
A federal judge gutted a set of rules that were adopted after the court declared an earlier press policy unconstitutional, in a case brought…