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.
Category: United States
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business: -
How Airlines Turned First-Class Seats From Freebies to a Profit Engine
The New York Times – Business: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.
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America’s Furniture Stores Struggle to Survive a Frozen Housing Market
The New York Times – Business:Retailers are going bankrupt and liquidating as record-low housing turnover leaves fewer customers looking to furnish homes.
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Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
The New York Times – Business:Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
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Amazon and U.S. Postal Service Reach New Deal on Deliveries After Year of Talks
The New York Times – Business:Amazon will cut the volume of packages it ships through the Postal Service by 20 percent under a tentative new deal that will preserve a crucial source of income for the agency.
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After Iran Cease-Fire, Ship Traffic in Strait of Hormuz Remains Throttled
The New York Times – Business:A handful of vessels have crossed the crucial waterway since the U.S.-Iran truce began, but shipowners, insurers and others are wary of safe passage.
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Delta Expects Strong Profit Despite Higher Fuel Costs
The New York Times – Business:The airline said demand for tickets remained very strong despite the effects of the war in Iran.
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‘Definitely a Sham’: As Tariffs Climb, Trade Fraud and Accounting Tricks Proliferate
The New York Times – Business:U.S. imports from China have shrunk drastically. But billions of dollars of the change appear to be the result of accounting gimmicks and outright fraud.
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Skilled Foreign Workers Think About Leaving the U.S.
The New York Times – Business:As the Trump administration cracks down on the H-1B visa program, which allows skilled workers like software engineers to work in the United States, foreign professionals are debating whether to stay and build careers or quit the American Dream.
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Jobs and Workers Are In Balance. Nobody Is Happy About It.
The New York Times – Business:Lower immigration has brought labor supply in line with shaky demand, but economists worry that such a slow-moving job market is at risk of toppling over.
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Iran War Showcases Strength of South Korean Defense Sector
The New York Times – Business:Missile interceptors made by the South Korean firm LIG Nex1 are said to be performing well, at a small fraction of the cost of U.S. interceptors.
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Iran War Showcases Strength of South Korean Defense Sector
The New York Times – Business:Missile interceptors made by the South Korean firm LIG Nex1 are said to be performing well, at a small fraction of the cost of U.S. interceptors.