Economy

BlackRock’s Larry Fink warns against market timing, says missing best days can halve returns

BlackRock CEO Larry Fink said staying invested through periods of turmoil has historically delivered far stronger returns.

U.S. executives, from Apple to Eli Lilly, revamp their push into the world's second-largest economy at the China Development Forum

More than 80 global executives traveled to Beijing this weekend for the state-organized China Development Forum.

Is this the Trump 'TACO' Wall Street has been waiting for?

President Donald Trump has sparked yet another massive reversal in global markets.

How the Midwest Became the Place to Move

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10-year Treasury yield falls after Trump halts strikes against Iran

The benchmark yield fell on Monday after President Donald Trump said further military strikes against Iran had been postponed after "productive" negotiations.

A reality check on the inequality panic

Anthropic CEO Dario Amodei called for far higher taxation in a recent blog entry, arguing that current wealth concentration is higher than that of the Gilded Age and is about to get worse globally. The chart-topping singer Billie Eilish implored billionaires to give away their money, while New York City mayor Zohran Mamdani has gone further, opining, “I don’t think we should have billionaires” because we live in “a moment of such inequality.” If anything is having a moment, it is the conviction that inequality has grown urgent enough to justify a muscular policy response.

Six states that have seen the biggest bump in gas prices amid Iran war

The price of gas has increased nationwide since the start of the Iran war as drivers bear the brunt of the Islamic Revolutionary Guard Corps’s move to choke off the Strait of Hormuz.

Newsom’s affordability minimum wage raised prices and cost jobs

A key component of New York City Mayor Zohran Mamdani’s plan to make the city more affordable for working-class New Yorkers is his promise to raise the minimum wage to $30 by 2030. Before the city council and state legislature vote on his proposal, they should read a new report on the economic impact inflicted on fast food workers by California Gov. Gavin Newsom’s $20 minimum wage. Confounding Newsom’s promises, the law has led to higher prices for diners and reduced hours for employees, lowered benefits, and increased automation.

More than 40 Middle East energy assets ‘severely damaged,’ IEA chief says

The IEA’s Fatih Birol warned that damage to energy infrastructure across the Middle East would take some time to repair.

Gold losses ease as Trump postpones Iran energy strikes

Precious metals recovered some of Monday morning's heavy losses after President Trump delayed strikes against Iran's energy facilities.

‘Liberation Day,’ One Year Later

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European stocks stage rebound as Trump signals Iran war de-escalation

European stocks are rebounding sharply after President Donald Trump hinted at a de-escalation of tensions in a TruthSocial post.