(Bloomberg) – U.S. equity index futures fell and oil extended gains after President Donald Trump signaled a further escalation in the war on Iran, adding to the risk of energy panic already looming in the global economic outlook. Futures contracts for the S&P 500 Index fell 0.2% as traders cut back on predictions that higher … Read more
Since the end of February, the three major indices of the stock market – Standard & Poor’s 500, Dow Jones industrials and the Nasdaq composite – have fallen by a few percent. One may ask: Is that all? Does the market not know that there is a war? Yes, the stock market knows. It doesn’t … Read more
President Trump takes the stage at the White House to talk about the war with Iran, giving a speech that sent stock markets crashing. (Alex Brandon/Associated Press) Since the end of February, the three major indices of the stock market – Standard & Poor’s 500, Dow Jones industrials and the Nasdaq composite – have fallen … Read more
NEW YORK — Consumers increased their spending in February, particularly on cars and clothing, after pulling back earlier in the year due to severe winter storms. Retail sales rose a more than expected 0.6% in February, from a 0.1% decline in January, the Commerce Department said Wednesday. But there is concern that the war in … Read more
Travelers planning summer vacations face a tough decision as global oil supply disruptions, caused by conflicts in the Middle East, have pushed up jet fuel prices leading to higher airfares being passed on to passengers. ADVERTISING ADVERTISING According to the latest analysis of the International Transport Organization, the price of world jet fuel stood at … Read more
NEW YORK — US gas prices rose above an average of $4 a liter for the first time since 2022 on Tuesday as the war in Iran pushed up global fuel prices. According to the AAA motor group, the national average for a gallon of regular gasoline is now $4.02 – a dollar more than … Read more