The Latest Breaking News from Economy

Middle East conflict is pushing oil prices higher — and most Canadians will feel the costs

Since American and Israeli missiles began striking Iran, global oil prices have jumped sharply. The conflict has resulted in the disruption of tanker traffic through the Strait of Hormuz, which carries about one-fifth of the world’s oil shipments.

The Conversation · Mar 10

Trump’s immigration crackdown is backfiring by hurting the U.S.-born workers it was meant to help, data shows

Over the past year, following a $170 billion infusion in immigration enforcement, U.S.-born labor participation fell from 61.4% to 61%, federal data shows.

Fortune · Mar 10

'Significant spikes': servos to face huge gouging fines

Service stations could face $100 million fines for intentionally ripping off customers as panic buying places consumers under pressure at the pump.

AAP · Mar 10

'The future of the space economy': Colorado startup Lux Aeterna raises $10 million to develop reusable satellites

The Colorado company Lux Aeterna wants to help open up the space economy with a fleet of fully reusable satellites, and it just raised to some money to help make that happen.

Space · Mar 10

A tiny island in the Persian Gulf could be Trump’s secret weapon against Iran

Kharg island holds 94 per cent of Iran’s oil exports and could choke off the country’s economy for years

The Independent UK · Mar 10

Iran war shocks continue to ripple through the global economy

The Iran war is driving up energy and fertiliser prices, threatening food shortages in poor countries, destabilising fragile states and complicating inflation control at central banks worldwide.

Euronews · Mar 10

Stock Index Futures Turn Lower as Bond Yields Climb

March S&P 500 E-Mini futures (ESH26) are down -0.15%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.14% this morning, giving up earlier gains driven by President Trump’s remarks on the Iran war as Treasury yields climbed.

Barchart · Mar 10

Are hybrids and PHEVs worth the extra cost? We did the long-term math to find out

Here's how a traditional gas car compares with full hybrid and PHEV alternatives when it comes to saving you cash.

Tom’s Guide · Mar 10

More CEOs envision hiring than firing due to AI, survey finds

The disruptive nature of AI is fostering significant debate over how the economy will evolve.

Axios · Mar 10

War with Iran delivers another shock to the global economy

The war with Iran is doing collateral damage to the world economy

The Independent UK · Mar 10