The conflict in the Middle East has caused oil prices in the United States to rise to their highest level in four years. It’s bad news for everyone, but the domestic effects of the war are likely to be irreparably damaging, and in the process destroy one of the great engines of economic growth. Iran’s … Read more
Your support helps us tell the story From reproductive rights to climate change to Big Tech, The Independent is breaking new ground as the story unfolds. Whether it’s investigating the finances of Elon Musk’s pro-Trump PAC or producing our latest film, ‘The A Word’, which shines a light on American women fighting for reproductive rights, … Read more
Skip to next section See you tomorrow! 04/02/2026April 2, 2026 See you tomorrow! Thanks for following our India news coverage on Thursday, April 2. We’ll be back tomorrow with some of what India is talking about. https://p.dw.com/p/5BbIn Skip to next section India’s defense exports exceed $4 billion 04/02/2026April 2, 2026 India’s defense exports exceed $4 … Read more
America’s AI vision may be undone not by a lack of money or computing power, but by a shortage of electricians. It is an agreement between two different titans of the Fortune 500: Ford CEO Jim Farley, who has spent years lamenting the crisis in what he calls the “essential economy,” and Goldman Sachs, which … Read more
Market_Recon_TSP1_KL Enter Sandman Sleep with one eye open Holding your pillow tightly Turn off the light Enter the night Take my hand We are leaving to never stay – Hetfield, Ulrich, Hammett (Metallica), 1991 Not As Planned? That depends on who is expecting what. Departure is never without a country. Markets had bought into the … Read more
This is no ordinary power attack. Rising oil and LNG prices are underpinning the strengthening US dollar, greatly increasing the burden on export-dependent economies while others are under pressure. The result is an unbalanced, fragmented crisis in which demand shocks can arrive sooner and more strongly than expected, spilling beyond capacity into the wider global … Read more
Much of Alabama’s local economy is thriving. Data recently released by the Bureau of Economic Analysis revealed GDP at the county level. In Alabama, things were increasing almost everywhere in 2024 – the last year covered in the release. Some 97% – 65 of the state’s 67 counties – saw an increase in their domestic … Read more
It’s been a year since Independence Day, and Americans are still feeling the toll. Loading audio description… US trade policy has changed frequently since President Donald Trump announced sweeping tariffs, including higher tariffs on major partners like China and the European Union. Retailers such as Walmart and Target raised prices to compensate, and some customers … Read more
Falling fuel prices and rising prices are leading countries around the world to burn coal, fuel food, shorten work weeks and tell citizens to stay home. Fuel supplies have been reduced since the war against Iran led to the closure of the strait of Hormuz, which is an important route for transporting oil and gas … Read more
The United States and Israel launched their attacks on Iran last month. As a result of Iran’s retaliatory actions, the world oil market has a supply shortage greater than the oil crises of 1973 and 1979 combined. The full panic hasn’t been felt in the United States, even as US gasoline prices hit $4 a … Read more