European Airports Warn of Fuel Shortages if Gulf Supplies Remain Shut
An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks …
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Bob Law, Trailblazing Talk-Radio Host, Dies at 86
His wee-hours show “Night Talk” was a nationally syndicated stalwart, examining tough issues and spotlighting Black cultural and politic…
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…
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…