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After spending the early part of the Iran war trying to sell Americans on an economic message of short-term pain for long-term gain, President Donald Trump and his team have increasingly reverted to their previous posture: that of Kevin Bacon in “Animal House.” Source: cnn.com
A ceasefire reopened the Strait of Hormuz on Friday, but economists warn the shock is already working its way through the global economy. Source: ms.now
Economist Mohamed El-Erian said that issuance of new bonds has exceeded the amount of money available to buy it. Source: businessinsider.com
The possibility of a prolonged disruption to the supply of crude oil, liquefied natural gas, fertilizer and other commodities looks to be off the table. Source: axios.com
When it comes to the affordability debate that will define the midterm elections, President Donald Trump’s biggest and toughest opponent is this: reality. Source: bloomberg.com
The conflict in the Middle East is a major shock that poses a “serious threat to the global economy” and will hit the poorest countries the hardest, according to a statement expected to be released by the Chair of the International Monetary and Financial Committee Friday. Source: bloomberg.com
Whether you’re financially doing the best or worst you have in years, USA TODAY wants to hear from you. Tell us how the U.S. economy is treating you. Source: usatoday.com
Oil prices are falling by more than 10%, and Wall Street is rallying toward another record after Iran said the Strait of Hormuz is fully open, which would allow oil tankers to exit the Persian Gulf again and carry crude to customers worldwide. Source: pbs.org
Air New Zealand will soon add triple-tier bunk beds for economy travelers to have a chance to sleep on long-haul flights Source: latimes.com
The Customs Service of the State Revenue Committee of Armenia and the Ministry of Economy have released data on the volume of Russian and Kazakh goods imported… Source: armenpress.am
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