Our chief economics correspondent, Ben Casselman, breaks down how gasoline prices have responded to the oil crisis in the Persian Gulf, and what is in store for inflation if the price of oil remains above $100 per barrel.
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.
Across both of his terms, President Trump has granted clemency to more than 70 allies, donors and others convicted in fraud cases.
The chair of the Federal Reserve said that he might not leave the central bank any time soon, setting up a potential clash with President Trump.
Japan is deploying subsidies to blunt fuel price increases but remains vulnerable to the long-term economic risks of the war in the Middle East.
Silicon Valley’s young coders are getting creative with this new technology. They also worry they’re not spending enough time with it.
A rate cut in the next few months could signal major problems in the economy.
Attacks on major energy facilities in Iran and Qatar injected new uncertainty into the outlook for oil and gas prices.
In India, China and several other nations, Novo Nordisk is on the verge of losing patent protection for its blockbuster weight loss drug, opening the door for cheaper competing versions.