JPMorgan Says Renewed AI Boost Will Send U.S. Stocks Even Higher
JPMorgan said in a new report that U.S. stocks could continue climbing as a result of a renewed AI boost.
Fed Chair Nominee Kevin Warsh Says Central Bank Will Remain 'Strictly Independent'
President Donald Trump's nominee to be the next chair of the Federal Reserve, Kevin Warsh, said in his confirmation hearing Tuesday that the central bank will remain "strictly independent" and rejected he will be the president's "sock puppet."
World Experiencing Its Worst Energy Crisis In History Due To Iran War, IEA Head Says
The world is experiencing its worst energy crisis in history as a result of the Iran war, according to International Energy Agency head Fatih Birol.
Importers Rush To Make Tariff Refund Claims As Federal Portal Sees Heavy Early Traffic
Businesses are moving quickly to recover billions in potential refunds as the government begins handling large-scale tariff claims.
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Oil Spikes Due To Iran War Have Added More Than $100 To Long-Haul Flight Tickets In Europe: Study
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Experts Warn Against 'Glass Half-Full' Perspective About Investing Through Iran War
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Trump Administration Opens Portal For Importers To Claim Billions In Tariff Refunds
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Trump Contradicts His Energy Secretary Over Claim That U.S. Prices May Not Dip Below $3 a Gallon This Year: 'Totally Wrong'
More news
U.S. Gas Prices Could Stay Above $3 Into 2027 As Global Energy Shock Persists
Consumers face prolonged price pressure as geopolitical risks continue to ripple through global oil markets.
Large Energy Companies Speed Up Search For New Ventures Far From The Middle East Due To War Uncertainty: Report
Large energy companies are speeding up energy projects far from the Middle East as uncertainty related to the war in Iran lingers, according to a new report.
Major Energy Companies Reportedly Reach Natural Gas Deal With Venezuela
Two major energy companies have reached a deal with Venezuela's interim government to revive production in a large offshore field and begin exporting natural gas, according to a new report.
Oil Prices Jump Again As U.S.-Iran Tensions Flare Up And Strait Of Hormuz Remains Closed
Oil prices are climbing up again on Monday as tensions between the U.S. and Iran flare up again and the Strait of Hormuz remains closed.
Stocks Hit New Record On Hopes War In Iran Will Be Over
Stocks reached a new record on Friday, extending gains on hopes the war in Iran will be over and the reopening of the Strait of Hormuz.
Euro Zone Inflation Risks Escalate As ECB Signals Persistent Price Pressures
The European Central Bank is facing renewed scrutiny over its inflation outlook as new signals point to lingering price pressures across services and energy-sensitive sectors.
Top Wall Street Banks Shed Thousands Of Jobs Despite Strong Profits: Report
Top Wall Street banks have shed thousands of jobs in the first quarter of the year despite notching record profits, according to a new report.
IMF, World Bank Resume Contact With Venezuela In Further Recognition Of Interim Government
The International Monetary Fund (IMF) and the World Bank announced they resumed engagement with Venezuela, a development that could pave the way for the country to receive international funding the first time in several years.
Energy Output In Middle East Will Take About Two Years To Recover, IEA Chief Says
Energy output in the Middle East could take two years to go back to pre-war levels, according to the head of the International Energy Agency.
Iranian Foreign Minister Announces Reopening Of Strait Of Hormuz For 'Remaining Period Of Ceasefire' But Says Coordination Is Needed
Iranian Foreign Minister Abbas Araghchi announced on Friday that the Strait of Hormuz is "completely open for the remaining period" of the ceasefire with the U.S. following the one announced between Lebanon and Israel.
U.S. Reportedly Preparing Version Of Powerful Anthropic AI Model Mythos To Federal Agencies
The U.S. government is gearing up to roll out a version of Anthropic's powerful Mythos AI tool to federal agencies amid concerns it can pose significant cyber security risks, according to a new report.
IMF Warns Rising War Costs Are Forcing Governments Into Tough Budget Trade-offs
Budgets around the world are under renewed strain as defense needs climb faster than revenues in several major economies, IMF data shows.
Spirit Airlines Faces Imminent Liquidation Risk As Creditor Talks Intensify: Report
A decision on Spirit's future could come this week as lenders weigh whether to salvage or wind down the airline, according to different reports.
Europe May Only Have Six Weeks Of Jet Fuel Left As Iran Conflict Continues To Disrupt Supplies
Continued risks to Middle East fuel shipments are raising fears of flight cuts and wider disruption across Europe's aviation sector.
S&P 500, Nasdaq Composite Reach Record-High On Hopes End Of Iran War is Near
The S&P 500 reached a new record on Wednesday, extending gains seen throughout the week on investors' hopes that an end to the war in Iran could be near.
Chevron Executive Says Americans Should 'Drive Less' And 'Conserve Energy' As Gas Prices Remain High
Chevron executive Andy Walz said Americans should "try to drive less" and "conserve energy" as gas prices remain high as a result of the war in Iran and the blockade of the Strait of Hormuz.
Jet Fuel Shock From Iran War Sends Airline Costs Soaring, Triggers Global Travel Crunch
The war with Iran has sent jet fuel prices soaring, forcing carriers across Europe, Asia, and Australia to brace for a longer period of financial strain.
America's Housing Squeeze Appears To Near Breaking Point As Policy Divide Widens
Reports suggest that the U.S. could be short by as many as 10 million homes while lawmakers, economists and industry voices remain split on whether deregulation, public investment or migration policy holds the key to relief.
IMF Slashes Global Forecast Growth As a Result If Iran War But Sees Short-Lived Conflict
The International Monetary Fund (IMF) slashed its global forecast war as a result of the war in Iran and presented different scenarios based on the duration of the conflict.
IEA Warns Of Oil Demand Decline As Strait Of Hormuz Crisis Reshapes Global Outlook
The IEA says escalating tensions in the Middle East and restricted flows through the Strait of Hormuz are weighing heavily on global consumption forecasts.
Tariff Refunds Set To Bypass Consumers As Companies Keep Payouts, CFO Survey Finds
Despite possible tariff refunds following court rulings, companies are preparing to retain any repayments rather than pass benefits on to households, according to CFO survey data and economists.
Trump's Hormuz Blockade Sparks Global Inflation Fears As Oil Markets React To Supply Shock
The surge in oil prices is expected to filter quickly into broader inflation given energy's central role in areas like transportation, manufacturing and food production.
U.S. Gas Prices Poised To Surge As Trump's Iran Blockade Sends Oil Markets Into Shock
The U.S. blockade, which is expected to restrict shipping to and from Iranian ports, could effectively remove around 2 million barrels of oil per day from global circulation.
No Relief On Flight Fares As Airlines Keep Prices Elevated
Industry data show carriers are prioritizing profits and maintaining pricing power instead of lowering fares
U.S. Inflation Rises In March As Energy Surge Drives Prices Higher
US inflation picked up sharply in March, driven largely by a surge in energy costs, marking a clear acceleration from the more subdued pace seen earlier this year.
Oil Prices Spike Amid Ceasefire Hopes And Strait Of Hormuz Bottlenecks
Prices had earlier dipped below $95 following initial optimism about the ceasefire before rebounding as doubts emerged over the durability of the agreement.
U.S. Inflation Steadies, But Fresh Data Points To Lingering Price Pressures
Short-term expectations are climbing, highlighting continued uncertainty for households and policymakers.
Global Recession Risk Lingers Despite Ceasefire‑Driven Market Calm
Analysts and international economic institutions are warning that the possibility of a global recession remains significant even as markets react positively to ceasefire news.
Oil's Sharpest Slide In Years: How Rare Is This Kind Of Plunge And What It Signals
Experts note that while short-term relief has emerged, structural supply constraints and global demand trends may continue to drive volatility, highlighting the oil market's sensitivity to geopolitical risk.
U.S. Health Insurers Rally As Medicare Advantage Payments Jump Beyond Expectations
The unexpected CMS rate hike eases pressure on insurer margins and signals potential stability in Medicare Advantage coverage for tens of millions of beneficiaries.
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