News
German growth forecast cut as Europe scrambles to contain price shock from Iran war
2+ hour, 52+ min ago (596+ words) A group of five economic institutes predict German gross domestic product will expand by 0.6% this year " less than half the 1.3% they forecast in September " and by 0.9% in 2027, down from 1.4%. The economic outlook was below the government's own forecast, issued two…...
What does a 'K-shaped economy' even mean?
15+ hour, 46+ min ago (310+ words) DENVER " According to Google's search data, more people have been seeking out the definition of a "K-shaped economy." The search term is up 170% over the past year as economic experts and business journalists use the term. "When people talk about…...
Asian shares skid as oil tops $111 a barrel and Wall Street slumps
1+ week, 6+ day ago (686+ words) The attacks added to fears the energy crisis triggered by the closure of the Strait of Hormuz to tanker traffic may be longer and more extensive than feared, with lasting damage to oil and gas production. Brent crude, the international…...
Federal Reserve projects one rate cut this year, sees limited economic impact from Iran war
1+ week, 6+ day ago (474+ words) WASHINGTON " Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still expect to cut its key rate once in 2026. For now, Fed policymakers left short-term interest rates unchanged…...
White House steps up ambitious effort to close $1.6 trillion revenue gap with raft of new tariffs
2+ week, 3+ day ago (603+ words) WASHINGTON " The Trump administration this week stepped up its ambitious effort to replace about $1.6 trillion in lost tariff revenue that was eliminated by the'Supreme Court's decision to strike down a range of the president's import taxes. "I wouldn't bet against…...
Retail sales fall modestly in January as American consumers pull back on spending
3+ week, 5+ day ago (623+ words) American consumers pulled back their spending to start 2026, extending the malaise in retail sales that began late last year. Retail sales fell 0.2% in January, following a flat reading in December, according to the Commerce Department's report issued on Friday. January's…...
Key takeaways from China's new 5-year economic blueprint and growth target
3+ week, 6+ day ago (620+ words) Beijing also released the full draft of its five-year plan up to 2030 outlining its economic and political policy priorities, with a focus on boosting self-reliance in areas like artificial intelligence, robotics and other advanced technologies as China's rivalry with the…...
Asian shares jump after US stocks rebound as oil prices stop spiking
3+ week, 6+ day ago (768+ words) The S&P 500 fell 0.6% and erased what had been a small gain for the year so far. The Dow Jones Industrial Average briefly dropped more than 1,100 points before finishing with a loss of 784, or 1.6%. The Nasdaq composite slipped 0.3%. The losses…...
National average for gas surpasses $3 per gallon and is expected to rise amid Iran conflict
4+ week, 1+ day ago (632+ words) WASHINGTON " Gas and oil prices in the U.S. are expected to continue rising amid the ongoing conflict with Iran and escalating tensions in the region, leading to the closure of one of the most vital passageways for oil trade. According to…...
Will the strikes in Iran raise gas prices?
4+ week, 1+ day ago (501+ words) WASHINGTON " The conflict in Iran has sent global oil markets into a panic, raising the price of crude and raising the specter of higher gas prices in the U.S." Since the U.S. began airstrikes in Iran on Saturday, the price of crude…...