Economic News
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The Iran war is hitting home as gasoline prices fuel inflation surge of 3.8% in the US
U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher
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US consumer prices climbed a sharp 3.8% last month as the 10-week war with Iran continues to push gasoline prices higher
US consumer prices climbed a sharp 3.8% last month as the 10-week war with Iran continues to push gasoline prices higher
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Trump and Xi dialed down the trade war, but challenges lurk at their China summit
President Donald Trump claims America is profiting from trade with China despite tensions over rare earth minerals, tariffs and emerging technologies like AI
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Businesses are facing rising costs during the Iran war, and economists expect more strains ahead
Costs are piling up for businesses during the U.S. and Israel’s war against Iran — and many economists see a bleak outlook, with some bracing for a downturn in hiring and investment in the coming months
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Older Americans say it’s a good time to find a job. Younger people aren’t buying it, new poll finds
A new poll finds that younger Americans are more pessimistic than older ones about the state of the job market
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Iran war disruptions spark higher costs and lost income in Bangladesh
Tariqul Islam, a ride-share driver in Bangladesh, faces long fuel lines due to supply disruptions linked to the war in Iran
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China says April exports jump 14.1% from a year ago ahead of Trump-Xi summit
China says exports have risen 14.1% in April from a year earlier, despite the Iran war and lingering impacts from higher U.S. tariffs
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China’s exports grew at a faster pace in April, rising 14.1% from a year ago, ahead of Trump-Xi summit next week
China’s exports grew at a faster pace in April, rising 14.1% from a year ago, ahead of Trump-Xi summit next week
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Fuel shortages and high prices push adoption of EVs in Africa, led by Ethiopia
Use of electric vehicles in Africa is surging, led by Ethiopia, as soaring prices and fuel shortages compel countries to opt for cleaner and cheaper transport
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US stocks rise to records after a solid jobs report overshadows higher oil prices
U.S. stocks rose to records following the latest sign that the nation’s job market is doing better than economists expected
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