Economy

Boaz Weinstein’s activist investor Saba seizes control of UK tech fund after bitter SpaceX feud

The Edinburgh Worldwide Investment Trust conceded defeat to the Boaz Weinstein's activist fund on Thursday.

Core inflation rate hit 3.2% in March as first-quarter growth disappointed at 2%

Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed.

GDP growth rebounded to 2% rate in first quarter

Gross domestic product grew at a 2% annual rate in the first quarter, adjusted for inflation, the Bureau of Economic Analysis reported in a preliminary reading Thursday morning.

Eurozone inflation soars to 3% as Iran war drives up energy prices

ECB keeps interest rates on hold as growth stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February

European Central Bank Keeps Rates on Hold in the Face of Inflation Threat

The ECB's governing council opted to hold its benchmark deposit facility rate at 2% on Thursday.

When it comes to wines, it pays to look beyond the fashionable

With ‘oeno-flation’ as it is, it’s hip to be square and branch out into less exclusive – and cheaper – varieties from often overlooked regions

Child Care Is Buckling

The president’s broad policies are making a bad situation worse.

Bank of England keeps rates on hold at 3.75% as Iran war shakes outlook

The Bank of England voted to keep its key interest rate on hold at 3.75% on Thursday

Gas prices: National average soars to $4.30 per gallon, California hits $6 per gallon

The national average for regular gas continued to rise on Thursday, reaching a new yearly high of $4.30 per gallon, according to AAA.

Markets are still underpricing Iran war risks, investors warn as oil fluctuates around four-year high

Fresh concerns about the trajectory of the U.S.-Iran war sent Brent crude futures beyond $125 on Thursday.

The UAE’s OPEC departure is more about politics than economics

The threat posed by Iran should be drawing Gulf leaders closer together. Instead, the United Arab Emirates’ departure from the OPEC+ oil cartel only highlights the disunity of the Sunni Arab monarchies. Vast wealth does not guarantee regional cohesion.

Brent crude tops $125 a barrel on Iran war worries, while world stocks retreat

HONG KONG (AP) — The price of Brent crude oil surged past $125 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war.