Economy

From late-night shots to sipping with soda: how tequila took over

Forget sombrero lids and student nights, the agave-derived Mexican spirit has become the sophisticated drink choice. Here’s why – plus five of the best tequila cocktails

The Fed’s job just got a lot harder. What Wall Street is saying after weak labor report

Equity traders responded to the cloudy outlook by selling.

Toyota, Hyundai and Chinese automakers expected to be most impacted by Iran war

While regional sales will be impacted, the closing of the Strait of Hormuz and rising oil prices will have ripple effects across the global automotive industry.

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

The unemployment rate was 4.4% in February, with 130,000 jobs added in January

U.S. Payrolls Unexpectedly Fell by 92,000 in February; Unemployment Rate Rises to 4.4%

Nonfarm payrolls were expected to increase 50,000 in February while the unemployment rate held steady at 4.3%.

Economy lost 92,000 jobs in February: The key facts and figures

The economy lost 92,000 jobs in February, and the unemployment rate edged up to 4.4%, the Bureau of Labor Statistics said Friday in a surprisingly bad employment report that raises doubts about the health of U.S. commerce.

This is 'the biggest mistake' you can make during volatile markets, says investment strategist

Selling when markets get shaky keeps you from reaping the gains when stocks bounce back, experts say.

Europe faces a 'massive' gas price shock from Iran war

The Iran war has sent oil and gas prices soaring, creating huge risks in Europe's key energy-intensive sectors.

Trump wants U.S. Navy to escort tankers through the Gulf. Why that plan may not work

A backup of oil tankers in the Persian Gulf is disrupting supplies, and will only get worse the longer the Strait of Hormuz is closed.

Would Trump Risk an Oil Crisis?

The longer the Iran conflict goes on, the likelier such an outcome becomes.

Energy gridlock is holding the US back from 'all of the above' approach

In an era of geopolitical turbulence and technological revolution, the U.S.’s energy and economic security stands at a crossroads. Energy policy has become increasingly politicized with political purity tests shaping job prospects and interviews: if you support fossil fuels, you’re a Republican; if renewables, you’re a Democrat.

California's high gas prices are self-inflicted

California is one of the country’s most resource-rich states in the union. Wonderful year-round weather and the historic allure of the West have drawn millions of people to the Golden State. Despite the perfect combination of significant resources, a large workforce, and a practically state-wide perfect climate, California has succumbed to decades of bad policies that have made it one of the most expensive places to live in the United States.