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Economics Headlines
It’s Time to Eliminate Occupational Licensing Fees yankeeinstitute.org
Stanley Black & Decker’s decision to close its last manufacturing plant in New Britain, Conn., the city long known as “Hardware City,” is more than a local story. It is the latest example of how one of America’s most historically industrial states continues to struggle with competitivene
Source: yankeeinstitute.org
Kuwait says Strait of Hormuz closure is beyond catastrophic, will trigger domino effect across global economy cnbc.com
Iran is holding the world economy hostage by blockading the Strait of Hormuz, said Shaikh Nawaf Al-Sabah, the CEO of Kuwait Petroleum Corporation.
Source: cnbc.com
Aid vessel arrives in Cuba’s as economic and energy crises deepen pbs.org
The flotilla is part of a caravan called “Our America Convoy to Cuba,” with more than 650 participants from 33 countries who arrived on the island this past weekend with tons of aid.
Source: pbs.org
French finance minister says tax cuts would not ease Iran war energy shock reuters.com
Tax cuts or fuel price subsidies are not an effective response to the energy price shock triggered by the Iran war and risk fuelling inflation, France’s Finance Minister Roland Lescure told lawmakers on Tuesday.
Source: reuters.com
Euro zone economy close to stalling as Middle East war takes its toll reuters.com
Euro zone private sector growth nearly stalled this month as inflation expectations surged and delivery times soared, adding to mounting evidence that the bloc is already suffering a tangible drag from the U.S. and Israeli war with Iran. Ciara Lee reports.
Source: reuters.com
Iran war starts to hit global economy, business surveys show reuters.com
The Iran war is already taking a toll on major economies around the world, according to business surveys on Tuesday which showed how a surge in energy prices and rising uncertainty were dampening activity and pushing inflation expectations higher.
Source: reuters.com
As war continues to rage, the World Economic Forum is the latest to postpone Gulf conference in Saudi fortune.com
WEF is committed to returning to the Gulf. Business and political leaders there know that the need for conversation and the hunt for solutions is now paramount.
Source: fortune.com
Economist Mark Zandi flags threshold for oil to trigger a recession businessinsider.com
Mark Zandi said the risk of a US recession is rising, and flagged the exact level he thinks oil would need to hit to spur a downturn.
Source: businessinsider.com
CERAWEEK Energy scarcities could occur if Iran conflict continues, Germany’s economy minister says reuters.com
Energy shortages could occur in late April or May if the U.S.-Israel war with Iran does not end, Germany’s Federal Minister for Economic and Energy Affairs Katherina Reiche said on Tuesday at the CERAWeek conference in Houston.
Source: reuters.com
China’s new masterplan for its tech economy in 2030 and beyond economist.com
Republicans at Risk of Losing Latino Support Ahead of Midterms bloomberg.com
The economy, inflation and immigration are the top issues for Latinos ahead of the US midterms.
Source: bloomberg.com
Stagflation Alarm Bells’: Iran War Is Already Hitting the Global Economy wsj.com
Surveys of global businesses released Tuesday have laid bare how the energy-price crisis is already weighing on the economy.
Early readings of S&P Global’s purchasing-managers indexes showed growth is slowing across Europe and Asia. The U.S.’s report is due at 9:45 a.m. ET. Here’s what the surveys
Source: wsj.com
Bessent’s Hopes for a 3% US Deficit Ratio Face Wartime Reality bloomberg.com
The war in Iran and the Supreme Court’s tariff ruling have made Bessent’s deficit goal a mission impossible
Source: bloomberg.com
Uncertainty From Iran War’s Economic Risks: A Guide For Executives forbes.com
A Strait of Hormuz closure threatens 7% of global energy. Business leaders need a 3-step strategy to manage recession risk and high oil prices today.
Source: forbes.com
United ditches more economy seats to make room for bigger premium cabins with new layouts cnbc.com
United will have new cabins on smaller planes with premium seats, including those that convert into a bed, to win more sales from high-spending travelers.
Source: cnbc.com
