U.S. consumers are facing rising costs as the war in Iran drags on, and the Strait of Hormuz remains closed to a significant portion of trade. Gas prices have been the most obvious result, as the U.S. national average cost of a gallon of gas reached $4.14 today, the highest it’s been since 2022 and …

Source: usnews.com

Marty owns an appliance store in Woodbridge, and he, like many Northern Virginian business owners, is concerned about the policies coming out of Washington and

Source: wjla.com

China’s “petroyuan” system is a player in a way that it wasn’t before.

Source: fortune.com

The disruptions caused by the Iran war will significantly impact our cost of living.

Source: nytimes.com

The Vicious Cycle Index is a recession indicator that takes labor force participation changes into consideration. The top economist at Moody’s Analytics said it’s flashing red.

Source: fortune.com

Jamie Dimon, CEO of JPMorganChase, the nation’s largest bank, has a financial stake in almost everything. Unlike many CEOs, he says it’s his job to speak out on many things.This week, Dimon released his annual letter to shareholders — a document that comments on banking issues and also assesses risks to the economy, from inflation to the war in Iran. The letter asserts his company is ready for anything — noting, among other things, that it has profited during economic booms and also during recessions. In this episode of NPR’s Newsmakers, Dimon tells host Steve Inskeep he didn’t worry much about the way President Trump’s contradictory statements tend to send financial markets sliding and soaring again, saying, “I have to deal with the world I got.” NPR’s Newsmakers is where you’ll find NPR’s biggest interviews. We post new episodes as soon as they’re available — any day of the week. Follow the show wherever you listen or watch on NPR’s YouTube channel.Newsmakers relies on supporters who value independent journalism and a free press. Join NPR+ today to support our work and get perks from the podcasts you trust. Go to plus.npr.org.

Source: npr.org

Voters are increasingly souring on President Donald Trump’s handling of the economy as gas prices continue to surge amid the war with Iran.

Source: 13wham.com

Austan D. Goolsbee, president and CEO of the Federal Reserve Bank of Chicago, says consumer spending has helped the U.S. economy keep growing.

Source: freep.com

Beijing won’t shout about it, but the American and Israeli attacks on Iran stand to benefit President Xi Jinping — by helping fend off the specter of deflation. The conflict may do some of the Chinese central bank’s work for it. Once a fairly uncontroversial prediction, interest-rate cuts look less of a sure thing.

Source: bloomberg.com

Revisions released to New Jersey’s labor market data show that the state added even fewer jobs in 2025 than previously thought.

Source: northjersey.com

The venture capitalist’s proposal to eliminate income taxes for earners under $100,000 now has a powerful institutional ally—the most valuable AI company on the planet.

Source: fortune.com

Also in the Forbes CFO newsletter: Wall Street and consumers want the war to end, SBA cuts proposed to help fund massive military spending hike.

Source: forbes.com

WASHINGTON, April 7 (Reuters) – ⁠U.S. ⁠Trade Representative Jamieson ⁠Greer said on Tuesday the U.S. economic relationship with China ‌is stable and ‌President Donald Trump will ⁠aim ⁠to keep it that way in a meeting next month with his Chinese counterpart. The United States is not looking for a …

Source: usnews.com

After weeks of war-driven pressure on fuel prices and supply chains, some businesses are starting to pass those higher costs along to consumers via new fees — or through other, less obvious changes.

Source: cnn.com

Analysis shows they are increasingly reliant on market investors such as hedge funds, which contributed $4tn last year

Source: theguardian.com