European Airports Warn of Jet Fuel Shortages if Strait of Hormuz Remains Shut
An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
U.S. Inflation Surged in March as Iran War Pushed Up Prices
Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
Bob Law, Trailblazing Talk-Radio Host, Dies at 86
His wee-hours show “Night Talk” was a nationally syndicated stalwart, examining tough issues and spotlighting Black cultural and political stars.
Consumer Spending, Engine of the U.S. Economy, Is Under Strain
Higher fuel costs are raising food and travel prices, while a shaky stock market tamps down free spenders.
The Iran War Has Prompted Some Companies to Raise Prices
Delta Air Lines, Amazon, the United States Postal Service and others have said they are raising prices amid higher energy costs connected to the war in Iran.
A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers
The cost at the pump made its biggest monthly percentage increase in decades amid lingering tensions over the war in Iran.
Markets Waver Ahead of Cease-Fire Talks and U.S. Inflation Report
A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U.S. government data on inflation.
Iran War Drives Deeper Oil Shock Than Prices Reveal
The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
Bessent and Powell’s A.I. Anxiety
The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model.
Europe Braces for a Spike in Inflation
Investors are betting that the European Central Bank and the Bank of England will raise interest rates this year.
Trump Administration Returns to Court for Yet Another Tariff Lawsuit
States and small businesses challenged the 10 percent tax on many imports that President Trump imposed after the Supreme Court struck down a previous slate of tariffs.
TSA Lines Are Shorter. The World Cup and a Lengthy Shutdown Could Change That.
Security lines are shorter, but the shutdown continues and pay is unresolved. With the World Cup around the corner, T.S.A. agents are tempering their expectations.
Trump’s Changes Lock Some Employers Out of H-1B Visa Program
Since imposing a $100,000 fee on new visas in September, the Trump administration has upended the skilled worker program.
How Airlines Turned First-Class Seats From Freebies to a Profit Engine
Airlines used to give away most of their nicest seats, but they have increasingly found ways to persuade people to pay a lot for them.
Middle East War Triggers Higher Prices in China
Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the economy.
Labor Secretary Faces Civil Rights Complaints From Department Staff
Three employees described a hostile work environment under Labor Secretary Lori Chavez-DeRemer.
Judge Rejects Hegseth’s Second Attempt to Restrict Reporters at Pentagon
A federal judge gutted a set of rules that were adopted after the court declared an earlier press policy unconstitutional, in a case brought by The New York Times.
White House and Crypto Industry Fight Bank Lobby Over Stablecoin Income
The Trump administration backed a proposal for stablecoin issuers to offer yield to investors.
Volkswagen to End E.V. Production at Tennessee Plant
The German carmaker is the latest to scale back plans for electric vehicles in favor of gasoline models.
I.M.F. Says Iran War Will Drag Global Growth Lower
Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.