Even if the Iran conflict ends fairly soon, the world economy will suffer collateral damage. Energy-price increases may be the most visible effect, but how long they remain elevated will determine the extent of damage to supply chains — and how heavy the hit will be to global growth. Source: bloomberg.com

China’s central bank withdrew cash from its financial system for the first time in a year, a cautious signal that keeps its policy options open as higher oil prices filter through the economy. Source: bloomberg.com

Welcome to The Hill’s Business & Economy newsletter{beacon} Business & Economy Business & Economy   The Big Story  Trump approval on economy drops to new low: Poll A… Source: thehill.com

Source: cnn.com

Austin-based tech giant Oracle is laying off thousands of workers, a move first reported by CNBC that’s raising questions about the future of the city’s tech-driven economy. Source: kxan.com

The answer from the machines was unfortunately not what Wall Street wanted to hear. Source: fortune.com