Category: United States Economy

How the Iran War Could Hit Americans’ Wallets

The New York Times – Business:
Gas prices are rising, with the cost of food likely to follow. If the conflict drags on, the fallout for consumers could worsen, experts warned.
As Oil Prices Rise, Trump’s War With Iran Becomes a Worldwide Economic Hazard

The New York Times – Business:
The president insists conflict with Iran will be brief, but world leaders are preparing for severe economic blowback.
Oil Remains Potent Geopolitical Tool, Decades After Energy Crisis

The New York Times – Business:
The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas.
Oil Prices Spike Over $110 a Barrel, Highest Since Pandemic

The New York Times – Business:
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates

The New York Times – Business:
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
The Unexpected Winners From Trump’s New Global Tariff

The New York Times – Business:
The president’s flat 10 percent tariff is most beneficial to nations that previously faced the highest rates. But it’s not clear how much that will prompt a new surge in imports.
U.S. and Israeli War With Iran Will Likely Send Oil Prices Soaring

The New York Times – Business:
Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.
Businesses Push for Tariff Refunds as Trump Aides Hint at Fight to Come

The New York Times – Business:
By the president’s own admission, it could be years before the matter is settled, even though the administration previously indicated it would pay.
Bleak Research Report Stokes A.I. Debate on Wall St.

The New York Times – Business:
In a widely circulated note, Citrini Research painted a dire picture of job losses and stock market sell-offs, though many analysts and economists questioned its conclusions.
Home Depot Says Homeowners Are Weary From Economic Pressures

The New York Times – Business:
Sales fell at the home-improvement retailer, as homeowners shied away from big-ticket home improvement projects amid worries about housing costs and the job market.
Trump’s Tariffs Go Into Effect at 10 Percent, Not 15

The New York Times – Business:
The change surprised executives and foreign leaders, who had been expecting the 15 percent rate the president announced on Saturday.
Trump Administration Scrambles to Pick Up the Pieces of Broken Tariffs

The New York Times – Business:
President Trump is already working to piece his tariff program back together, after a Supreme Court ruling ruptured a centerpiece of his economic agenda.