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Economics Headlines
Cuba’s president pushes for changes to island’s economic and business model bostonglobe.com
The comments made during a meeting of the Council of Ministers come as Cuba feels the squeeze of a recent oil blockade coupled with a halt in oil shipments from Venezuela.
Source: bostonglobe.com
Trump suggests Supreme Court reconsider tariff ruling katu.com
President Donald Trump said that the justices may not have thought about the economic benefits other countries could reap at the expense of the U.S.
Source: katu.com
China’s Two Sessions to reveal Xi’s economic and defence plans as military purge casts shadow theguardian.com
Top politicians will gather to set growth target with focus on technology self-reliance amid rising US competition
Source: theguardian.com
Trump’s Iran War Adds Potential Shock for US Economy, Voters finance.yahoo.com
The biggest domestic effects for Americans would likely arrive via more expensive gasoline, with the US and Israel launching attacks just a few days after Trump boasted about lowering pump prices in his State of the Union address. Economists are quick to caution that it’s too early to tell how the campaign for regime change in Iran will play out in energy markets.
Source: finance.yahoo.com
Xi Eyes Consumers to Lead New Era for China’s Unbalanced Economy bloomberg.com
For decades, China’s leaders have failed to heed calls to rebalance the economy toward consumption as they pursued an investment-heavy, export-oriented growth strategy.
Source: bloomberg.com
Iran conflict poses new risk to US economic resilience reuters.com
A U.S. economy that has weathered a year of trade, immigration and other shocks now faces a new test likely to ratchet up uncertainty after President Donald Trump’s decision to launch open-ended attacks against Iran with the stated goal of toppling the Middle Eastern country’s long-ruling Islamist government.
Source: reuters.com
Dimon Warns Higher Inflation Risks Being ‘Skunk at a Party’ for US Economy bloomberg.com
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned that inflation could become a “skunk at a party” for the US economy.
Source: bloomberg.com
Fantasy Island: Takaichi’s Economic Guru Prescribes Conditions That Created 1980s Bubble richardkatz.substack.com
Trump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says fortune.com
“One problem I have with cost-of-war calculations is that they really do ignore the counterfactual,” the Wharton Budget Model’s Kent Smetters told Fortune.
Source: fortune.com
U.S. stocks rebound from sharp losses, while oil prices leap on worries about Iran war pbs.org
Oil prices leaped Monday on worries that war with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain.
Source: pbs.org
Jamie Dimon Says Exuberant Market Doesn’t Match ‘Fine’ Economy bloomberg.com
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon cautioned that there’s more optimism in the market than there should be given all the risks — such as conflict in the Middle East — that have cropped up.
Source: bloomberg.com
PMI Rises in February, Marking Second Month of U.S. Manufacturing Growth barrons.com
Iran’s Islamic Revolutionary Guard controls a sprawling business empire that dominates the economy fortune.com
That empire includes core industrial sectors like oil and transportation as well as banking, telecommunications, agriculture, medicine, and real estate.
Source: fortune.com
Middle East Conflict Imposes Another Stress Test on Global Resilience bloomberg.com
For the past year, economists have modeled the impact of Donald Trump’s chaotic trade war. Now, it’s a real war they’re assessing.
Source: bloomberg.com
Global Economy Faces New Strain From Iran Conflict ttnews.com
The most immediate impact from the escalating Middle East conflict is through market reaction as investors take flight to safe havens such as the dollar and gold, while stocks slump.
Source: ttnews.com
