News
War with Iran delivers another shock to the global economy
3+ hour, 37+ min ago (1042+ words) The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizing fragile states such as Pakistan; and complicating options for the inflation fighters at central banks like the Federal Reserve. Causing much of the pain:…...
Once a beacon of cheap homes, Nevada has become a symbol of America’s struggle with high costs
12+ hour, 40+ min ago (1209+ words) Torres Suazo expects to continue sharing an apartment with roommates for the foreseeable future, kept on the sidelines of homeownership by stubbornly high costs, even in cities once known for their affordability, such as his native Las Vegas. He's not…...
US employers cut a surprising 92,000 jobs last month as unemployment rate rises to 4.4%
3+ day, 10+ hour ago (671+ words) WASHINGTON " American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain. The unemployment rate blipped up to 4.4 percent. Hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs, the Labor…...
Home heating oil prices have spiked by one-third. It could get worse.
3+ day, 14+ hour ago (421+ words) For most of this winter, home heating oil prices averaged a little more than $4 a gallon, about 5 percent higher than last year. Since the bombing of Iran began last Saturday, average home heating oil prices in Massachusetts have spiked by…...
Auto repair costs keep going up. Don’t blame tariffs.
3+ day, 23+ hour ago (161+ words) Auto repair costs keep going up. Don't blame tariffs.The Boston Globe Auto repair costs keep going up. Don't blame tariffs. Costly tech, aging cars, and soaring labor costs all contribute to lack of affordability Glenn Wilder fixes cars for…...
Wall Street holds steadier as oil prices stop surging, for now
5+ day, 13+ hour ago (717+ words) The S&P 500 rose 0.5% in morning trading following encouraging reports on the US economy. The Dow Jones Industrial Average was up 180 points, or 0.4%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.9% higher. The relatively calm trading followed a scary…...
Iran attacks threaten US economy with more uncertainty around inflation, growth
6+ day, 23+ hour ago (761+ words) The war has already raised oil prices and could lift prices at the pump as early as this week, but the ultimate impact on the economy and inflation will depend on the length and severity of the conflict, economists say....
The Middle East is in turmoil, but markets are mostly placid. Here’s why.
1+ week, 13+ hour ago (607+ words) Investors are taking the outbreak of war against Iran in stride, reacting much like they did during previous conflicts in the Mideast and elsewhere. Oil prices jumped on Monday, but not by as much as analysts had forecast over the…...
Wall Street turns to ‘haven-first’ strategies amid Iran attacks
1+ week, 1+ day ago (1089+ words) (Bloomberg) -- The fast'moving conflict across the Middle East is heightening investor anxiety and strengthening the case for safe'haven trades such as Treasuries, gold and the Swiss franc. Macro traders said all eyes will be on energy markets when trading fully…...
BofA chief Brian Moynihan offers positive outlook on economy in Boston speech
1+ week, 3+ day ago (272+ words) In Massachusetts, employers remain generally pessimistic and the short-term outlook for the state's economic growth is anemic. But Bank of America chief executive Brian Moynihan offered a much more bullish view of the national economy during a conversation on Thursday…...