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The Latest Breaking News from Economy

US-Iran War Torpedoes Global Economy Into 'Lose-Lose' Scenario, Analysts Warn

A growing war involving Iran is shaping up to be an "everybody loses" scenario for the global economy, according to analysts at Morgan Stanley.

International Business Times

Oil surges to highest price since 2023 and stocks drop as Iran war rages

Oil prices surged to their highest levels since 2023 due to the Iran war, coinciding with a weak update on the US labour market that highlighted the economy's precarious position.

The Independent UK

OpenAI investor Vinod Khosla believes AI will be able to do 80% of all jobs by 2030. Here’s how life could be affordable after mass unemployment

The Silicon Valley billionaire foresees a deflationary economy—but also free health care and education, along with a tax overhaul.

Fortune

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read the most diverse news in one place.

The Clean Energy Transition Runs on Palladium From Russia, But Help is Coming

The western industrial economy built its palladium dependency over decades without adequately modeling its disruption risk. Catalytic converter manufacturers, semiconductor fabs, and hydrogen technology developers all drew from the same concentrated source without building resilience into the system.

International Business Times

The US Lost 92,000 Jobs Last Month With Only 50,000 New Ones Coming and Braces for More Inflation All While Under Trump

The US economy faces challenges as 92,000 jobs are lost, unemployment rises, and inflation fears grow amid Trump's policies and the Iran conflict.

International Business Times UK

Jobs Are Down While the U.S. Spends $2 Billion a Day on War With Iran

The Bureau of Labor Statistics found that instead of adding jobs last month, the economy lost nearly 100,000.

Reason

Homeowners face higher mortgage rates as Donald Trump's Iran war hits FTSE 100

Nationwide, HSBC and Coventry Building Society are among lenders raising mortgage rates as the Iran conflict rages on

Evening Standard

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Bypassing Hormuz: how technology, not territory, will win the new energy war

The era where owning the geography meant owning the power is over.

Fortune

US Sheds 92,000 Jobs In February As Economic Uncertainty Grows

The U.S. economy lost 92,000 jobs in February, failing to meet expectations of economists and adding to uncertainty already being fueled by the war in Iran.

International Business Times

5 Ways to Save on Groceries During a Recession

When the economy takes a massive downturn, the grocery store becomes a highly stressful environment for any family. You watch your monthly income stagnate while the price of basic bread and milk continues to climb relentlessly. Surviving a recession requires a completely different approach to how you stock your kitchen…

Grocery Coupon Guide

The abysmal February jobs report shatters hopes of a labor market recovery for 2026 and leaves the Fed ‘between a rock and a hard place’

Jobs are negative on net since April, and oil is at $90.

Fortune

7 Bills That Quietly Increased in 2026 and Many Americans Haven’t Noticed

Have you noticed your bank balance dwindling faster than usual lately despite your best efforts to stick to a budget? It is not just your imagination or the rising cost of groceries. A quiet shift in the economy has triggered a wave of subtle price hikes across essential services that…

Budget and the Bees

Venezuela’s fragile environment faces rising risks as US pushes for oil and critical minerals and illegal gold mining spreads

Venezuela’s Orinoco River Basin is a wild land of lush forests, grasslands and a vast delta of jungle wetlands teeming with wildlife. River dolphins and endangered Orinoco crocodiles ply its waterways, and over 1,000 freshwater fish and bird species can be found there.

The Conversation

US lost 92,000 jobs in February just before Trump joined Iran conflict

The unemployment rate was 4.4% in February, with 126,000 jobs added in January

The Guardian - US

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The Independent UK

Airlines can downgrade you from business class to economy — here’s why and how to avoid it

Comedian Jim Breuer complained on a YouTube video about being downgraded on a flight from Hawaii to Florida

Fortune

Hung up on Hormuz: the old-world order of oil was just shattered by the closing of Iran's key global chokepoint

When oil tests the $90-per-barrel point, the global economy begins to fracture.

MyLifeXP

5 Simple Driving Habits That Secretly Save You a Lot of Fuel

Fuel efficiency is not determined by the car alone. It is also influenced by how the driver handles acceleration, braking, speed, and maintenance. Many drivers unknowingly waste fuel through habits such as aggressive acceleration, unnecessary idling, or poorly maintained tires. Improving fuel efficiency does not require expensive upgrades or advanced…

Fortune

The Iran conflict will be the ‘straw that breaks the camel’s back’ for the U.S. economy if it goes on much longer, Nobel laureate Paul Krugman warns

The Iran conflict alone could cost the U.S. $200 billion. Add it to everything else happening, and the U.S. economy is teetering on a ledge.

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Fortune

Economist Eswar Prasad warns a ‘motley group’ of middle powers can’t stop the ‘doom loop’ threatening the global economy

Prasad, author of “The Doom Loop,” worries that the forces behind globalization are fueling instability—and that global business is making things worse.

Evening Standard

Average UK house price reached a new high in February

Looking ahead, geopolitical uncertainties seem set to influence the outlook for inflation and the wider economy

The Free Financial Advisor

Millions Of Americans Report High Stress And Loneliness Despite Market Gains

The stock market keeps pushing higher, but the country doesn’t feel any lighter. A recent national survey found that 54% of adults say they feel isolated, 50% lack companionship, and 50% feel left out. The numbers paint a startling and sad picture of America.

Budget and the Bees

Texas Has No Income Tax — So Who Actually Pays the Most?

The legend of Texas is built on the idea of rugged independence and a ‘tax-free’ lifestyle that lures thousands of new residents every single month. But if you have lived in the Lone Star State for more than one tax cycle, you have probably noticed that your savings are mysteriously…

Fortune

Fed survey reveals Trump’s tariff gut punch to the backbone of the U.S. economy: small business

Small businesses employ almost 40% of working Americans and drive the vast majority of hiring. Their hiring budget was chewed up by a new tax last year.

Radio France Internationale

Turkey fears it will pick up the bill for Washington's war in Iran

Turkish President Recep Tayyip Erdogan is intensifying diplomatic efforts to end the Iran war after an Iranian missile was shot down approaching Turkey. The country worries it could be among those most affected by the conflict, as rising oil prices threaten the nation’s fragile economy and a potential Iranian refugee…

Euronews

'Then the euro will slide': Experts warn of prolonged war with Iran

Trump has given the Iran war four weeks. But if the conflict drags on, economists warn the euro could slide — and prominent economist Daniel Stelter goes further, predicting a full recession.

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