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The Oil Shock Is Worse Than You Think15:56 The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption. Bessent and Powell’s A.I. Anxiety14:12 The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model. A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers14:12 The cost at the pump made its biggest monthly percentage increase in decades amid lingering tensions over the war in Iran. The Iran War Has Prompted Some Companies to Raise Prices13:38 Delta Air Lines, Amazon, the United States Postal Service and others have said they are raising prices because of higher energy costs connected to the war in Iran. Europe Braces for a Spike in Inflation13:38 Investors are betting that the European Central Bank and the Bank of England will raise interest rates this year. Trump Administration Returns to Court for Yet Another Tariff Lawsuit11:21 States and small businesses challenged the 10 percent tax on many imports that President Trump imposed after the Supreme Court struck down a previous slate of tariffs. TSA Lines Are Shorter. The World Cup and a Lengthy Shutdown Could Change That.11:21 Security lines are shorter, but the shutdown continues and pay is unresolved. With the World Cup around the corner, T.S.A. agents are tempering their expectations. Consumer Spending, Engine of the U.S. Economy, Is Under Strain11:21 Higher fuel costs are raising food and travel prices, while a shaky stock market tamps down free spenders. Trump’s Changes Lock Some Employers Out of H-1B Visa Program11:21 Since imposing a $100,000 fee on new visas in September, the Trump administration has upended the skilled worker program. How Airlines Turned First-Class Seats From Freebies to a Profit Engine11:21 Airlines used to give away most of their nicest seats, but they have increasingly found ways to persuade people to pay a lot for them. Middle East War Triggers Higher Prices in China9:09 Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the economy. Oil Ticks Higher and Stocks Rise Ahead of U.S. Inflation Report8:04 A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U.S. government data on inflation. Judge Rejects Hegseth’s Second Attempt to Restrict Reporters at Pentagon1:33 A federal judge gutted a set of rules that were adopted after the court declared an earlier press policy unconstitutional, in a case brought by The New York Times. |
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