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Economics Headlines
Charting the Global Economy: Oil Hits $100 in Second Week of Iran War bloomberg.com
The US said it had stepped up strikes on Iran to unprecedented levels as the war that’s engulfed the Middle East hit the two-week mark and continued to upend energy flows and global markets.
Source: bloomberg.com
America Depends Less on Oil Than Ever nytimes.com
Gasoline still drives household budgets, but energy efficiency and renewables have reduced the economy’s overall reliance on petroleum.
Source: nytimes.com
Oil Shock Hits An Economy Already Showing Cracks wsj.com
Consumer spending was slow and inflation was stubborn even before the attack on Iran sent oil prices soaring.
Source: wsj.com
Starmer’s Hopes to Revive UK Economy Fade as Iran War Drags On bloomberg.com
Keir Starmer’s team fear any short-term political gain from his decision not to support US President Donald Trump’s war in Iran may quickly be outweighed by an economic hit that scuppers the UK prime minister’s chances of staying in power.
Source: bloomberg.com
Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy nytimes.com
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
Source: nytimes.com
U.S. military bombs island key to Iran’s economy and oil revenues cbsnews.com
Source: cbsnews.com
The Iran war’s looming economic threat: higher food prices nbcnews.com
Disruptions to fertilizer shipments moving through the Strait of Hormuz could raise farmers’ costs and push food prices higher.
Source: nbcnews.com
Cuban president admits talks with Trump admin as fuel blockade chokes domestic energy supply and economy foxnews.com
Cuba confirmed talks with the Trump administration amid economic crisis following Venezuela oil cutoff as President Miguel Díaz-Canel cites aim to resolve differences.
Source: foxnews.com
Trump says U.S. bombed Kharg Island, striking core of Iran’s oil economy washingtonpost.com
President Donald Trump on Friday night announced the United States had bombed Kharg Island, targeting Iran’s most critical oil terminal.
Source: washingtonpost.com
Red flags raised for Colorado’s economy in national ranking, but it remains in top 10 coloradopolitics.com
A new report on economic competitiveness by a Greenwood Village-based research institute ranks Colorado seventh among U.S. states for overall economic performance. But the report is laden with red flags about where the state’s economy is headed. The Common Sense Institute released its annual Free Enterprise Report on Friday, citing that Colorado’s strengths as a […]
Source: coloradopolitics.com
Poll: Most Americans unhappy with Trump’s job performance, economy thecentersquare.com
(The Center Square) – More registered voters disapprove of President Donald Trump’s job performance thus far into his second term than approve, according to a recent Center Square Voters’ Voice
Source: thecentersquare.com
Change in Data Sources Led to Lower Inflation Reading nytimes.com
A methodological change contributed to a better-than-expected inflation report, prompting questions from some economists.
Source: nytimes.com
‘Very Worrisome’ Canadian Labor Data Shows Several Industries Bleeding Jobs bloomberg.com
U.S. job openings rise to a better-than-expected 7 million pbs.org
Layoffs fell slightly and the number of Americans quitting their jobs — a sign of confidence in their prospects — slipped modestly.
Source: pbs.org
New GDP data paints an even uglier picture on the faltering Trump-era economy ms.now
In the first year of Trump’s second term, economic growth fell to a nine-year low, and job growth fell to a 16-year low. The White House hasn’t said why.
Source: ms.now
