Economy

The global economy sure doesn't think Trump started World War III

Ask left-wing and far-right politicos across the planet about President Donald Trump‘s decision to launch Operation Epic Fury against the Iranian dictatorship, and they’ll warn he has brought us to the precipice of World War III. Investors across the globe see the situation differently.

Oil Surges 35% This Week for Biggest Gain in Futures Trading History Dating Back to 1983

The oil market is worried that Gulf countries will have to shut production if tankers are unable to pass through the Strait of Hormuz.

Maersk, a bellwether for global trade, suspends two key shipping services due to Iran war

The update comes as the Iran war enters its seventh day and the escalating regional conflict continues to disrupt global supply chains.

Philippines orders energy cuts in response to Middle East war

South-east Asian country limits air conditioning and travel for public officials amid soaring fuel prices

European stocks close lower as oil price rallies amid Middle East conflict

European stocks slumped on Friday, reversing earlier gains.

UAE Mulls Freezing Iranian Assets as Middle East Conflict Escalates: WSJ

The UAE is considering freezing billions of dollars of Iranian assets held in the Gulf state, potentially severing one of Tehran's most critical economic lifelines.

U.S. Offers India a 30-Day Waiver for Buying Russian Oil as Iran War Deepens Energy Supply Worries

U.S. has given India a waiver to buy Russian oil for 30 days as conflict in Middle East impacts global energy supply.

China dials down growth ambitions with decades-low target. Here's why

China has set its lowest growth target in decades, acknowledging domestic challenges and pointing to global uncertainty.

ATMs are fighting for relevance

As payments go digital and consumers migrate online, demand for branches and ATMs is shrinking — raising new questions about their place in a fully digital economy.

Iran war hits housing market as mortgage rates rise to 6% on inflation fears

Mortgage rates are edging up on Thursday amid renewed inflation fears tied to the war in Iran.

China In Talks With Iran For Safe Passage Through Hormuz, As WH Scrambles To Contain Rising Energy Prices

US oil tops $80 a barrel for first time since January 2025.

Historic winter storms weigh on Gap, Old Navy performance after 800 temporary store closures

Gap has been on a steady upswing of growth but saw worse than expected results during its holiday quarter after historic winter storms led to store closures.