Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself
A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across…
Fed officials still foresee rate cut this year, despite war impacts, minutes show
Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open Markets Committee meeting at…
Iran war upends spring housing
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play…
U.S.-Iran war ‘tax’ begins to hit American businesses and consumers
In an aerial view, Pilot Travel Center gas and diesel prices are displayed near a highway on April…
Gas prices hit low-income consumers, falling markets hurt high earners
Higher oil prices due to the U.S.-Iran war are straining an already strapped lower-income consumer . But as…
China suppliers warn of higher U.S. prices due to Hormuz closure
Pickleball paddle producer Devi Wei has a message for U.S. shoppers. “Americans will have to pay more,” the…
Powell sees inflation outlook in check, no need to hike rates because of oil shock
Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation…
Why Iran war should make you as afraid of petrochemicals as oil prices
Jeff Greenberg | Universal Images Group | Getty Images The price of naphtha may not keep you up…
Market’s ability to forecast world in question
Investors may want to take a step back as stocks swing amid rising geopolitical tensions. DBi’s Andrew Beer…
China industrial profits surge 15% to start year, but oil price shock threatens outlook
An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China’s eastern Shandong…
JLL CEO says growth is now uncertain in the Middle East
Key Points JLL has a major footprint in the Middle East, managing and leasing properties in Dubai and…
Iran war may ‘chill’ the frozen job market: economist
Michael M. Santiago | Getty Images News | Getty Images The labor market is currently in a frozen…