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

Germany picked Gabriel Felbermayr to succeed Ulrike Malmendier on the council of economic experts, which advises the government.

Source: bloomberg.com

The AI industry has outrun the speed at which we can adopt it. Whose fault is that?

Source: fortune.com

President Trump’s extraordinary gamble in attacking Iran and risking a wider conflagration in the Middle East dials up the economic hazards facing the US economy from “very high” to “extreme.” The point is, this new stress compounds a series of other severe pressures already facing the economy, which is now even more unlikely to emerge unscathed.

Source: bloomberg.com

Vice President JD Vance argues voters should have patience with the pace of economic improvements, saying there was “no way” to fix the economy overnight.

Source: washingtonpost.com

Democrats are already pointing to prices at the pump in hitting the administration for its decision to strike Iran, while Republicans say they hope the spike will be short-lived.

Source: nbcnews.com

“The AI boom is likely to be inflationary for a number of years before any meaningful disinflationary benefits are realized,” MRB Partners says.

Source: businessinsider.com

The fallout from conflict in the Gulf will be much bigger than just oil.

Source: foreignpolicy.com

From flight cancellations to sudden plan changes, here’s how the psychology of younger generations is reshaping the travel industry.

Source: fortune.com

Bank of Japan Governor Kazuo Ueda warned that the Middle East conflict could have a major impact on the nation’s economy, in comments likely to firm up investor expectations that authorities will hold policy steady when they meet later this month.

Source: bloomberg.com