Category: news

Colombia’s Petro Calls for Economic Emergency, Fresh Financing Law usnews.com

BOGOTA, April 7 (Reuters) – ⁠Colombian ⁠President Gustavo Petro ⁠said on Tuesday evening that his government would submit an ‌economic emergency decree ‌and a new ⁠tax ⁠reform bill to Congress to balance the 2026 budget. The president said that if Congress did not approve his economic proposals, Source: usnews.com

The Strait of Hormuz Is Blocked: This Is What It Means for You usnews.com

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 […]

2026-04-08 @ 05:58

Survey shows many Northern Virginia business owners concerned about economy wjla.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

2026-04-08 @ 04:58

2 years ago, Saudi Arabia quietly canceled the ‘petrodollar’ deal with America that wired the world economy for 50 years. Then war broke out in Iran fortune.com

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

2026-04-08 @ 04:00

Opinion | What the Iran War Will Do to Your Life and Our Economy nytimes.com

The disruptions caused by the Iran war will significantly impact our cost of living. Source: nytimes.com

2026-04-08 @ 03:59

Top economist Mark Zandi says the indicator that has called every recession since WWII just signaled we’re already in one fortune.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

2026-04-08 @ 03:59

CEO of nation’s largest bank says Iran war raises risk of ‘bad economic outcomes’ npr.org

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 […]

2026-04-08 @ 03:58

Economic concerns grow as gas prices surge, posing risk for GOP 13wham.com

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

2026-04-08 @ 03:58

Fed’s Austan Goolsbee sees economic weakness, but not recession freep.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

2026-04-08 @ 02:58

The Iran War Brings a Silver Lining for China’s Economy bloomberg.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: […]

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