2026-04-10 17:00:04
Conditions in the labor market affect the economy in two main ways. Whether the labor market is running hot or cold affects the Federal Reserve’s decisions on how best to deliver on its mandate of price stability and maximum employment. And the size of the labor force is critical to the outlook for growth, and much else besides.
2026-04-10 13:00:04
With a tenuous two-week ceasefire in the war between the US and Iran, the Strait of Hormuz is the center of attention. The Iranians are threatening to turn it into a permanent tollbooth, although they have agreed to allow some seaborne traffic — in “coordination” with their armed forces — while hostilities are temporarily suspended. US President Donald Trump says Tehran must reopen it permanently or face civilizational annihilation, and wants America’s European allies to take responsibility for
2026-04-10 12:00:04
Investors in Europe’s luxury companies must be feeling a strong sense of deja vu right now. Last year started brightly with expectations that demand for designer clothes and handbags would rebound after a two-year slump. But the recovery was stopped in its tracks by Donald Trump’s tariffs.
2026-04-10 11:30:04
I’m not averse to flying. I dislike the scowling security checks and inefficient bureaucracies at the airports much more than I’m afraid of turbulence or the potential for catastrophic mishaps. But the Gulf War has made me nervous over something else: the fear of not flying.
2026-04-10 11:00:04
Oil, oil is everywhere in Africa. Without domestic refineries, though, not a drop is available for local gas tanks. The energy shock resulting from the Iran war is a warning to the continent to accelerate development of its infrastructure, and intensify intra-African trading.
2026-04-10 04:55:43
Mounting tragedies in the Middle East complicate Vice President JD Vance’s attempt to woo Viktor Orban’s voters.
