Economy
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Economy | LATEST STORIES
US Issues India 30-Day Waiver to Buy Russian Oil Amid Iran Conflict
India has been one of Russia’s largest crude oil importers since the invasion of Ukraine.
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Cement, Drugs, and Oil—How the Iran Conflict Could Disrupt Global Supply Chains
A prolonged conflict would further delay ships in the Strait of Hormuz, leading to product shortages and higher production and transportation costs.
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US Home Relistings Hit Record High Ahead of Spring Buying Season
A third of the homes relisted in January came back on the market for less than their original asking price, according to Redfin.
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Unemployment Claims Signal Labor Market Stabilization Ahead of Jobs Report
The February jobs report is expected to show nearly 60,000 new positions and an unemployment rate of 4.3 percent.
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Judge Rules Importers Are Entitled to Tariff Refunds
The U.S. Court of International Trade’s decision follows the Supreme Court’s ruling last month that struck down most of the president’s levies.
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US Firms Still Reluctant to Pass Tariff-Related Costs to Customers, Fed Says
Businesses suggest that prices will ‘rise at a somewhat slower pace in the near term.’
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Papa John’s to Shutter Nearly 300 Restaurants in North America
The restaurant chain said that most of the restaurants slated for closure are franchise-owned and have been operating at a loss.
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Typical US Homeowners Stay 12 Years in Their Homes—20 Years in Los Angeles
‘California’s tax laws incentivize homeowners to stay in their homes for a long time,’ Redfin said.
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US Private Payrolls up 63,000 in February, Highest Since July: ADP
‘We’ve seen an increase in hiring and pay gains remain solid, especially for job-stayers,’ said Nela Richardson, chief economist at ADP.
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New Target CEO Forecasts Turnaround to Retailer’s Lackluster Sales in 2025
Shares of the company closed up by more than 6 percent on March 3.
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AI Layoffs Catch up With Fintech Industry
An expert cautioned that sectors reliant on complex human expertise should move carefully in AI related job cuts.
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The War in Iran Begins - How Will It End?
The Iran military action should remove major uncertainty in the world, and the stock market is expected to have a relief rally.
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US Housing-Supply Gap Widens in 2025 as Construction Trails Demand
The housing shortage reached 4.3 million homes in 2025, up from 3.8 million in 2024, according to a new report.
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Pending Luxury Home Sales Surge in West Palm Beach, Defying National Trends
The 30 percent increase from a year ago was driven by relocations of wealthy individuals and financial institutions.
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White House Preparing Plan to Stabilize Oil Markets: Rubio
Crude oil prices surged 8 percent following the joint U.S.-Israel strikes in Iran.
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Federal Appeals Court Rejects Trump Admin Bid to Delay Tariff Refunds
The administration was seeking a months-long delay.
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Behind America’s New Industrial Revolution
The United States is outpacing many advanced economies in growth and productivity.
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Trump Admin Seeks Months-Long Pause on Tariff Refunds
Lawyers for the Justice Department warned that ’the coming process will take time.’
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Wall Street Review: Stocks Close February Lower on AI, Private Credit Fears
Technology and financial shares led the declines.
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FedEx Says It Will Return Any Tariff Refunds to Customers
The Tennessee-based company filed suit against the United States after the president’s emergency tariffs were found to be illegal.
|
US Issues India 30-Day Waiver to Buy Russian Oil Amid Iran Conflict
India has been one of Russia’s largest crude oil importers since the invasion of Ukraine.
|
Cement, Drugs, and Oil—How the Iran Conflict Could Disrupt Global Supply Chains
A prolonged conflict would further delay ships in the Strait of Hormuz, leading to product shortages and higher production and transportation costs.
|
US Home Relistings Hit Record High Ahead of Spring Buying Season
A third of the homes relisted in January came back on the market for less than their original asking price, according to Redfin.
|
Unemployment Claims Signal Labor Market Stabilization Ahead of Jobs Report
The February jobs report is expected to show nearly 60,000 new positions and an unemployment rate of 4.3 percent.
|
Judge Rules Importers Are Entitled to Tariff Refunds
The U.S. Court of International Trade’s decision follows the Supreme Court’s ruling last month that struck down most of the president’s levies.
|
US Firms Still Reluctant to Pass Tariff-Related Costs to Customers, Fed Says
Businesses suggest that prices will ‘rise at a somewhat slower pace in the near term.’
|
Papa John’s to Shutter Nearly 300 Restaurants in North America
The restaurant chain said that most of the restaurants slated for closure are franchise-owned and have been operating at a loss.
|
Typical US Homeowners Stay 12 Years in Their Homes—20 Years in Los Angeles
‘California’s tax laws incentivize homeowners to stay in their homes for a long time,’ Redfin said.
|
US Private Payrolls up 63,000 in February, Highest Since July: ADP
‘We’ve seen an increase in hiring and pay gains remain solid, especially for job-stayers,’ said Nela Richardson, chief economist at ADP.
|
New Target CEO Forecasts Turnaround to Retailer’s Lackluster Sales in 2025
Shares of the company closed up by more than 6 percent on March 3.
|
AI Layoffs Catch up With Fintech Industry
An expert cautioned that sectors reliant on complex human expertise should move carefully in AI related job cuts.
|
The War in Iran Begins - How Will It End?
The Iran military action should remove major uncertainty in the world, and the stock market is expected to have a relief rally.
|
US Housing-Supply Gap Widens in 2025 as Construction Trails Demand
The housing shortage reached 4.3 million homes in 2025, up from 3.8 million in 2024, according to a new report.
|
Pending Luxury Home Sales Surge in West Palm Beach, Defying National Trends
The 30 percent increase from a year ago was driven by relocations of wealthy individuals and financial institutions.
|
White House Preparing Plan to Stabilize Oil Markets: Rubio
Crude oil prices surged 8 percent following the joint U.S.-Israel strikes in Iran.
|
Federal Appeals Court Rejects Trump Admin Bid to Delay Tariff Refunds
The administration was seeking a months-long delay.
|
Behind America’s New Industrial Revolution
The United States is outpacing many advanced economies in growth and productivity.
|
Trump Admin Seeks Months-Long Pause on Tariff Refunds
Lawyers for the Justice Department warned that ’the coming process will take time.’
|
Wall Street Review: Stocks Close February Lower on AI, Private Credit Fears
Technology and financial shares led the declines.
|
FedEx Says It Will Return Any Tariff Refunds to Customers
The Tennessee-based company filed suit against the United States after the president’s emergency tariffs were found to be illegal.
|