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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

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

'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

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How Trump could cripple Iran’s economy by attacking one small island

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The Independent UK

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves'

"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."

Fortune

Cathay Pacific offers £20,000 Sydney-London flight amid disruption in Gulf

Hong Kong-based airline has business-class return listed at A$39,577, as travellers look for route avoiding Middle East

The Guardian - UK

Immigrant truck drivers are vital to the economy. ICE crackdown is forcing them off roads

Targeting of foreign-born truckers risks ‘deepening severe labor shortages’ as thousands of drivers have been taken off roads for failing English proficiency requirements

The Guardian - US

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'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

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

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

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

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

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

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

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Reason

Will the War in Iran Crash the Global Economy?

Plus: Kristi Noem is fired as DHS secretary, a listener asks about libertarian drug use, and new polling reveals Americans distrust AI and each other.

Fortune

Healthcare has been propping up a shaky labor market. For the first time in over four years, the sector shed thousands of jobs

Without health care and social assistance jobs, the U.S. labor market would have seen a plummet of about 570,000 jobs in 2025.

The Conversation

US is less prone to oil price shocks than in past decades

Oil is a global market, so when prices rise in one place, they rise everywhere. The current war against Iran has already raised oil prices significantly.

The Guardian - UK

How high could oil prices go – and what might the global economic fallout be?

Crude prices could surpass their 2008 record, with potentially dire effects for consumers and businesses

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news in one place.

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Latin Times

'Venezuelans Are Going to Dedicate a Statue to Trump,' Top U.S. Official Claims After Visit

Interior Secretary Doug Burgum said Venezuelans may one day dedicate a statue to President Donald Trump following recent U.S. efforts to reopen the country's economy and resource sector after years of isolation.

The Independent UK

Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gas

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price shock to the global economy

Everybody Loves Your Money

53% of Americans Feel Behind Financially in a Strong Market: The Psychology of 2026 Wealth

A booming market should create confidence. Instead, it creates anxiety. Stocks climb, unemployment stays relatively low, and economic headlines often highlight growth. Yet surveys over the last few years consistently report a surprising reality: roughly 53% of Americans reported a negative change to their personal finances recently. That number sounds…

International Business Times UK

UK Launches Secret Online Crime Unit to Smash Fraudsters Worldwide

Discover the UK's bold new strategy to dismantle organised fraud networks with the launch of the Online Crime Centre, aiming to protect the public and economy.

Fortune

Odds of a stock market meltdown with 1970s-style stagflation jump to 35% this year, veteran strategist warns

“The U.S. economy and stock market are stuck between Iran and a hard place currently.”

The Guardian - UK

From press release … to scrap metal site: the Essex ‘supercomputer’ that’s still a scaffolding yard

Nscale’s AI project still in use as depot ahead of pledged completion date – with planning permission filed after Guardian’s inquiries

The Guardian - UK

Revealed: UK’s multibillion AI drive is built on ‘phantom investments’

Exclusive: Rented datacentres and unrealised supercomputer site raise questions for Starmer’s push to ‘mainline AI into veins of economy’

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