Oil rebounded after its biggest one-day drop since April 2020, as the Strait of Hormuz remained largely blocked and Israeli attacks on Lebanon threatened to derail the fragile ceasefire in the Middle East.
Consumer expectations for inflation in a year jumped to 3.4% in March, with households anticipating that the price of gas will surge by 9.4% in the next 12 months, the Federal Reserve Bank of New York said Tuesday in a survey report.
When Vinod Khosla sat down with Fortune editor-in-chief Alyson Shontell in March and floated the idea of wiping out federal income taxes for the roughly 100-million-plus Americans earning less than $100,000 a year, it sounded like the kind of provocation
President Trump set a deadline for Iran to reopen the Strait of Hormuz: Tuesday, April 7, at 8 P.M. Eastern Time. If Iran doesnt agree to a ceasefire deal that includes reopening the key waterway, the U.S. and Israel will launch attacks against the count
Oil rose as US President Donald Trump signaled that an escalation in strikes on Iran could come as soon as Tuesday, heightening fears that imminent military action will derail tentative progress toward restoring energy flows through the crucial Strait of
Airline stocks tumbled on Thursday, extending year-to-date losses, as soaring oil prices sparked concerns about shrinking profits.
The Iran war and other geopolitical conflicts will likely slow economic growth and fuel inflation this year and in 2027, according to results of a survey of economists by the National Association for Business Economics released Thursday.
While many Americans shudder at the prospect of AI taking their jobs, business leaders and tech enthusiasts continue praising its potential, an optimism that is echoed across Silicon Valley and Wall Street. But all that hype may actually be injuring the e
Oil prices on Wednesday morning dipped some 2% as U.S. President Donald Trump signaled that the United States may wind down its military operations in Iran soon, while threatening to quit NATO for its lack of support in the Middle East operation.
Kansas City Fed president Jeff Schmid suggested Tuesday that the Fed should not look through the oil price shock from the Iran war.
Oil prices plunged on Tuesday afternoon on signals that Iranian leadership may be open to negotiations to end the war — the first such move from the regime since the start of the conflict.
The world, hungry for oil, got a modest reprieve earlier this month when Saudi Arabia began diverting millions of barrels of crude —ordinarily destined for ships transiting the blockaded Strait of Hormuz — to its Red Sea port of Yanbu.
Considering oil prices have surged in recent weeks due to the war in Iran, and recent inflation data has also run hot, investors have grown increasingly concerned about the trajectory of the Federal Reserves interest rate policy.
Rising levels of inflation wrecked the stock market party in 2022. Could the same happen in 2026? Federal Reserve Chair Jerome Powell certainly thinks it is a possibility. After the Federal Reserve decided to keep interest rates unchanged at its latest po
Oil prices have soared this year due to the war with Iran. Brent, the global oil benchmark, has surged from $60 to more than $100 a barrel, an over 70% gain. Crude prices will likely continue to rise the longer the war rages, as it directly impacts the oi
