Economy
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Economy | LATEST STORIES
Stocks Slip, Oil Holds Above $100 as Iran Tensions Cloud Sentiment
Investor sentiment weakened as Iran denied negotiations and renewed strikes with Israel, keeping oil elevated and equities under pressure.
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UAE Calls for International ‘Working Session’ on Securing Key Global Energy Chokepoints
On video from the besieged Gulf state, a key minister said Iran’s attacks on infrastructure and the Hormuz Strait was ‘economic terrorism against every nation.’
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Florida Stands Out as a New Hub for Billionaires—Here’s What to Know
About 47 percent of households earning more than $500,000 annually who moved across state lines chose Florida in 2024, according to a NAR analysis.
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Energy Chief Calls On Oil Producers to Boost Output, Assures They'll Profit After Iran War
Wright said the demand for power, especially for the expanding electricity grid, will justify expansion, even after the Iran War.
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Trump Postpones Potential Strikes on Iranian Power Plants, Citing Ongoing Constructive Talks
The Department of War has been instructed to postpone strikes against Iran’s energy infrastructure, initially for five days.
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As Energy Shock Rattles Economies, Global Oil and Gas Leaders Gather in Houston
Reverberations on gas, oil markets from the Iran war will be an urgent topic at CERAWeek, the annual ‘Super Bowl of energy’ conference.
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The State of Private Credit Markets: Investor Sentiment Versus Fundamentals
U.S. private credit defaults eased in February, according to Fitch Ratings.
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California Grapples With Staffing Agency Fraud Amid Oversight Gaps
Nationally, U.S. staffing firms hired 12.7 million temporary and contract employees from 2023 to 2024, according to the American Staffing Association.
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This Obscure Program Feeds the H-1B Visa—Meet Optional Practical Training
The Trump administration could soon propose changes to OPT, which has grown significantly in recent decades.
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Wall Street Review: Stocks Extend Downward Streak
Stocks fell for a fourth straight week as oil prices and Treasury yields climbed.
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Dovish or Hawkish? Fed’s Waller, Bowman Debate Next Steps for Interest Rates
The Federal Reserve’s Christopher Waller and Michelle Bowman thought rate cuts were possible this year—the markets disagreed.
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New EV Sales Slide in February, but High Fuel Prices May Shift Consumer Sentiment: Report
Sales of used electric vehicles rose sharply in February, according to Cox Automotive.
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US Home Flipping Profit Margins Drop to Lowest Levels Since 2008
The number of home flips also hit its lowest point since 2020.
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New Home Sales in January Hit the Lowest Pace Since 2022
The slowdown came as winter weather weighed on sales and mortgage-rate uncertainty clouded the outlook.
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US Weekly Unemployment Claims Fall to 2-Month Low
The number of individuals currently receiving unemployment benefits has been on a downward trajectory since November.
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Fannie Mae, Freddie Mac Ease Homeowners Insurance Requirements
Home insurance surged an average of 12 percent in the United States last year.
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Alaska Oil Lease Sale Draws 430 Bids, Nets Record $163.7 Million in Revenue
At least 10 companies secure access to 1.3 million acres of public lands in first lease offering since 2019 on the 23 million-acre National Petroleum Reserve.
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Arizona AG Files Criminal Charges Against Futures Trading Platform Kalshi
The indictment alleged that Kalshi took bets from Arizona residents on a wide range of events, including professional sports.
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Unemployment Rises to 4.3 Percent With 35,000 More Out of Work
ABS figures show the unemployment rate was 4.1 percent in January.
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Stocks Slip, Oil Holds Above $100 as Iran Tensions Cloud Sentiment
Investor sentiment weakened as Iran denied negotiations and renewed strikes with Israel, keeping oil elevated and equities under pressure.
|
UAE Calls for International ‘Working Session’ on Securing Key Global Energy Chokepoints
On video from the besieged Gulf state, a key minister said Iran’s attacks on infrastructure and the Hormuz Strait was ‘economic terrorism against every nation.’
|
Florida Stands Out as a New Hub for Billionaires—Here’s What to Know
About 47 percent of households earning more than $500,000 annually who moved across state lines chose Florida in 2024, according to a NAR analysis.
|
Energy Chief Calls On Oil Producers to Boost Output, Assures They'll Profit After Iran War
Wright said the demand for power, especially for the expanding electricity grid, will justify expansion, even after the Iran War.
|
Trump Postpones Potential Strikes on Iranian Power Plants, Citing Ongoing Constructive Talks
The Department of War has been instructed to postpone strikes against Iran’s energy infrastructure, initially for five days.
|
As Energy Shock Rattles Economies, Global Oil and Gas Leaders Gather in Houston
Reverberations on gas, oil markets from the Iran war will be an urgent topic at CERAWeek, the annual ‘Super Bowl of energy’ conference.
|
The State of Private Credit Markets: Investor Sentiment Versus Fundamentals
U.S. private credit defaults eased in February, according to Fitch Ratings.
|
California Grapples With Staffing Agency Fraud Amid Oversight Gaps
Nationally, U.S. staffing firms hired 12.7 million temporary and contract employees from 2023 to 2024, according to the American Staffing Association.
|
This Obscure Program Feeds the H-1B Visa—Meet Optional Practical Training
The Trump administration could soon propose changes to OPT, which has grown significantly in recent decades.
|
Wall Street Review: Stocks Extend Downward Streak
Stocks fell for a fourth straight week as oil prices and Treasury yields climbed.
|
Dovish or Hawkish? Fed’s Waller, Bowman Debate Next Steps for Interest Rates
The Federal Reserve’s Christopher Waller and Michelle Bowman thought rate cuts were possible this year—the markets disagreed.
|
New EV Sales Slide in February, but High Fuel Prices May Shift Consumer Sentiment: Report
Sales of used electric vehicles rose sharply in February, according to Cox Automotive.
|
US Home Flipping Profit Margins Drop to Lowest Levels Since 2008
The number of home flips also hit its lowest point since 2020.
|
New Home Sales in January Hit the Lowest Pace Since 2022
The slowdown came as winter weather weighed on sales and mortgage-rate uncertainty clouded the outlook.
|
US Weekly Unemployment Claims Fall to 2-Month Low
The number of individuals currently receiving unemployment benefits has been on a downward trajectory since November.
|
Fannie Mae, Freddie Mac Ease Homeowners Insurance Requirements
Home insurance surged an average of 12 percent in the United States last year.
|
Alaska Oil Lease Sale Draws 430 Bids, Nets Record $163.7 Million in Revenue
At least 10 companies secure access to 1.3 million acres of public lands in first lease offering since 2019 on the 23 million-acre National Petroleum Reserve.
|
Arizona AG Files Criminal Charges Against Futures Trading Platform Kalshi
The indictment alleged that Kalshi took bets from Arizona residents on a wide range of events, including professional sports.
|
Unemployment Rises to 4.3 Percent With 35,000 More Out of Work
ABS figures show the unemployment rate was 4.1 percent in January.
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