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Economics Headlines
Who Knew ‘Slick’ Gavin Newsom Was Such an Economic Maestro? bloomberg.com
Of all the prevailing media narratives around Gavin Newsom, the one that is most conspicuous by its absence is how under its two-term governor California became the top performing economy not just among its 49 siblings but also any developed nation. No wonderElon Musk quietly sought Newsom’s help when the world’s richest man sought to move a bunch of Tesla Inc. engineers back to the state after relocating them to Texas.
Source: bloomberg.com
Jamie Dimon warns that the Iran war could bring an economic ‘skunk’ to the party cnn.com
Jamie Dimon is warning that the US-Israeli war with Iran could lead to another round of persistent inflation and higher interest rates that could sink the US economy into a recession and redefine the global economic order.
Source: cnn.com
Boston Mayor Wu searching for new economic development chief bostonglobe.com
Indonesia to Cut Airfare Tax to Cushion Fuel Surcharge Hike bloomberg.com
Indonesia will slash the value-added tax on economy class tickets for two months to ease the burden of rising fuel surcharges on airfare to mitigate higher energy costs triggered by the Iran war.
Source: bloomberg.com
Trump promised a post-war economic rebound. The damage may linger far longer. politico.com
The war’s damage to energy infrastructure and closure of a key shipping lane could mean lasting price spikes for everything from housing to food even long after the fighting ends.
Source: politico.com
Dimon Urges US to ‘Get Stronger,’ Keep Economic, Military Power bloomberg.com
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the US needs to “get stronger” in order to maintain its military and economic might, and detailed his bank’s plans to deploy more than $1 trillion to ensure that happens.
Source: bloomberg.com
Jamie Dimon warns of a ‘skunk at the party’ his shareholder letter businessinsider.com
Dimon said that the wars in Iran and Ukraine could impact prices beyond the immediate energy sector.
Source: businessinsider.com
See latest Trump approval rating amid economy, gas prices in CNN poll usatoday.com
Donald Trump hits his lowest approval rating over economy fueled by inflation and concerns over gas prices. See what PA polls show about Trump
Source: usatoday.com
Oil Shock Is Adding Stress to the Global Economy bloomberg.com
The massive economic impact of the global energy crisis axios.com
Why Goldman Sachs thinks India’s economy can weather the Iran conflict’s energy shock cnbc.com
Santanu Sengupta of Goldman Sachs forecasts the RBI to hike rates by 50 basis points in 2026 and the rupee to trade over the 95 mark against the U.S. dollar over the next 3-6 months, and says that the impact of the energy shock on India’s economy is manageable.
Source: cnbc.com
BOJ says regional economies could worsen due to fallout of Middle East conflict reuters.com
The Bank of Japan said on Monday some regional economies could worsen due to surging oil prices and supply disruption brought about by conflict in the Middle East.
Source: reuters.com
Pair of Democrat lawmakers slam ‘blockade of fuel’ to Cuba, ‘economic bombing’ after visit to island foxnews.com
Reps. Pramila Jayapal and Jonathan Jackson said after a Congressional delegation to Cuba that U.S. economic restrictions on the island represented an “illegal U.S. blockade of fuel.”
Source: foxnews.com
The South American petro-state profiting from the Iran war economist.com
In defence of the rich — and other new economic books ft.com
Critiques of free-market capitalism, plus an argument for letting private companies own, buy and sell land on other planets
Source: ft.com
