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Between Deflation and Fiat Credit: China Grapples with the Sins of the Past
The Chinese economy remains trapped in deflation. Falling prices reflect demographic shifts as well as politically induced overcapacity in real estate and industry. The export sector continues to act as a pressure valve, though it is increasingly facing international...
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Gulf Drillers Win Exemption From Species Law
A federal panel voted unanimously on Tuesday to exempt oil and gas drillers operating in the Gulf of Mexico from a decades-old law meant to protect endangered species including whales, birds, and sea turtles.
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US Single-Family Home Prices Rise Moderately
U.S. single-family house prices increased moderately in January, but rising mortgage rates as the war in the Middle East drags on could sideline potential first-time buyers from the housing market.
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Consumer Confidence Inches Up Despite Soaring Gas
U.S. consumer confidence inched higher in March despite soaring energy prices brought on by the war in Iran.
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Trump to Allies: Buy US Oil or 'Fight for It'
President Donald Trump on Tuesday morning told countries unable to get oil due to disruptions in the Strait of Hormuz to "buy from the U.S." or "build up some delayed courage" and fight for it.
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Wars Reveal America's Guns and Butter Choices
America Must Spend More on DefenseThe wars in Ukraine and Iran lay bare some inconvenient truths.
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Powell: Fed Will 'Wait and See' War's Impact on Economy
Federal Reserve Chair Jerome Powell Monday said the U.S. central bank can wait to see how the Iran war affects the economy and inflation, noting that policymakers typically look through shocks such as those from higher oil prices.
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US Consumer Sentiment Slips to 3-Month Low
U.S. consumer sentiment eased to a three-month low in March as war in the Middle East boosted oil prices and unleashed volatility on financial markets, raising concerns about the economy's prospects, a survey showed Friday.
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Russia Rejects US Linking Trade to Ukraine War Deal
The Kremlin said on Friday that the United States is wrong to make economic cooperation with Russia conditional on a settlement of the war in Ukraine.
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Iran Threatens to Close Second Strait
Iran is escalating its pressure campaign against the United States and its allies by threatening to disrupt a second global shipping lane, raising concerns about energy security and the world economy as President Donald Trump seeks to end the conflict.
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Iran Charging $2 Million for Hormuz Passage Per Ship
Iran is moving to formalize a controversial system of charging up to $2 million per vessel for safe passage through the Strait of Hormuz, according to sources close to shipowners.
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Trump Team Maps Economy Push for November Vote
President Donald Trump's political team planned to meet with his Cabinet late Thursday to discuss how top officials would highlight the administration's economic record ahead of the November midterm elections.
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New Yorkers Realizing Just How Cold Socialism Is
The late British Prime Minister Margaret Thatcher observed that "The problem with socialism is that you eventually run out of other people's money." It looks like New York has finally run out of other people's money.
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30-Year Mortgages Jump to 6-Month High
The average rate on the popular U.S. 30-year fixed-rate mortgage has jumped to a six-month high as rising oil prices from the dragging Middle East war fanned inflation worries, which could weigh on home sales during the typically busy spring season.
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US GDP Seen Slowing to 2% in 2026, 1.2% in 2027
The escalating conflict in the Middle East has knocked the global economy off a stronger growth path, the OECD warned Thursday, as a near-halt in energy shipments through the Strait of Hormuz threatens to push inflation sharply higher.
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Brazen Democrat-Socialists Wreck Cities
Mayor Mamdani and his DSA comrades have spent time since he took office on Jan. 1, 2026 promoting their radical causes as New York City's finances are deteriorating. The major debt rating agency, Moody’s, has downgraded the city's credit rating to "negative,"
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Economists Poll: Fed Still Set to Cut Interest Rates in 2026
The Federal Reserve will keep U.S. interest rates on hold until September, according to economists in a Reuters poll who are still clinging to expectations for at least one reduction later this year, despite worries about inflation from war in the Middle East.
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US Weekly Jobless Claims Increase Slightly
New applications for U.S. unemployment benefits rose slightly last week, suggesting the labor market remains stable and giving the Federal Reserve scope to hold interest rates steady while monitoring inflation risks linked to the Middle East conflict.
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Pressure Builds as Rates Stay High
For months, Wall Street has been betting on interest rate cuts. Traders talked themselves into the idea that the Federal Reserve would be cutting rates several times this year, finally giving the economy a much-needed boost. Instead, reality is setting in: inflation is...
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Trump Admin Eases Anti-Smog Fuel Rules
President Donald Trump's administration announced on Wednesday it will temporarily suspend federal anti-smog regulations on seasonal gasoline blends to combat higher pump prices since the start of the war on Iran.
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Navarro: Trump Still Plans 15% Global Tariffs
President Donald Trump still intends to raise his current set of global tariffs to 15%, White House trade adviser Peter Navarro said Wednesday.
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Oil CEO to Vance: Hormuz Access Key to Markets
Abu Dhabi oil giant ADNOC's CEO Sultan Al Jaber warned Vice President JD Vance that restoring free passage through the Strait of Hormuz is the only lasting way to stabilize global energy markets, as conflict with Iran chokes off a critical oil corridor.
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Hope for Iran Off-Ramp Sends Oil Prices Sharply Lower
Wall Street pointed toward solid gains and oil prices fell 6% Wednesday over the possibility of a de-escalation in Iran and negotiations with the United States.
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Tariffs Not Main Driver of Rising Business Costs
The glee with which his detractors blamed President Donald Trump's tariffs and other policies for increased business and energy costs during the past year might have been premature.
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Markey to Big Oil: Cut CEO Pay to Reduce Gas Prices
Sen. Ed Markey is pressuring the nation's largest oil companies to slash executive pay and redirect the savings to struggling American consumers as gas prices surge.