Economy

Economy
Economy

Stocks have their worst quarter since 2022, raising doubts about Trump’s economic playbook

Stocks surged Tuesday, with the S&P 500 closing up 2.9% while the Nasdaq rose 3.8% and the Dow gained 1,125 points. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. But this very good day capped off what was a very bad month for U.S. equities. The S&P 500

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Economy

Hershey to resume using chocolate in most products; Reese’s grandson may taste sweet victory

The grandson of the inventor of the Reese’s Peanut Butter Cups, who has publicly criticized The Hershey Company for tinkering with the classic formula in its spinoff products, appears to have gotten some sweet revenge. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The candy company has announced

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Economy

Republican leaders announce two-track plan to end the DHS shutdown

WASHINGTON — House and Senate Republican leaders jointly announced a plan Wednesday that they said would end the shutdown of the Department of Homeland Security that caused major airport delays. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “In the coming days, Republicans in the Senate and House will

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Economy

Body found in Colombia amid search for missing U.S. flight attendant

Colombian officials discovered a body Friday amid the search for a U.S. flight attendant who went missing in the country last weekend. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Medellin Mayor Federico Gutiérrez announced the discovery in a post on X, saying that “a lifeless body has

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Economy

Trump says his ‘preference’ would be to ‘take the oil in Iran’

President Donald Trump said Sunday that he would like to “take the oil in Iran” and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran’s oil exports. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. In an interview with

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Economy

U.S. crude tops $100 and the S&P 500 approaches correction as Iran war enters second month

Global oil prices continued their recent climb and the S&P 500 closed lower Monday after a weekend when Iran-backed Houthi militants launched ballistic missiles at Israel and 3,500 additional U.S. troops arrived in the Middle East. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The conflict between Iran,

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Economy

The world economy is experiencing the most severe oil shock in decades. The worst could still be on the way.

Surging oil prices continue to ripple through the global economy because of the war with Iran. Now, some analysts say the worst could still be ahead as the conflict drags on. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The concern is that beyond immediate knock-on effects from

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Economy

Average U.S. gas price hits $4 for the first time since 2022

The average price of a gallon of gasoline hit $4 Tuesday for the first time since mid-2022, as the cost of oil surges due to the Iran war. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. In the month since the United States and Israel attacked Iran, the

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Economy

A global jet fuel shortage is raising the cost of air travel

American flyers still smarting from interminable airport security lines are about to get another shock. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. A looming global jet fuel shortage is expected to hike the cost of air travel and reduce flight schedules, as airlines look to offset rising

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Economy

House Republicans pass DHS funding bill that Democrats call ‘dead on arrival’ in the Senate

WASHINGTON — House Republicans voted Friday evening to pass a short-term funding bill for the Department of Homeland Security that has no viable path in the Senate and is likely to extend the shutdown stalemate on Capitol Hill. The vote of 213-203 came after Speaker Mike Johnson, R-La., rejected the Senate-passed bill, which would fund

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