A U.S. submarine has sunk an Iranian warship in the Indian Ocean. Source: military.com

The US president’s plan will hurt consumers, companies and the stock market, as well as relations with other countries Source: theguardian.com

ADP’s monthly report on business payrolls showed the economy added 63,000 jobs last month, versus the 11,000 seen in January. Analysts surveyed expected 48,000 new private-sector jobs. Source: wsj.com

Cuba authorized private companies to partner with state-run enterprises, a tentative step to loosen its grip on the economy as Havana struggles to provide basic services under intense pressure from Washington. Source: bloomberg.com

Germany’s intelligence service on Wednesday accused Moscow of hiding the true cost of the war in Ukraine, saying Russia’s budget deficit in 2025 was more than 2.36 trillion roubles ($30.45 billion) higher ​than officially stated. Source: reuters.com

The economy today needs less oil than 1979s. Source: axios.com