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inflation

Middle East war a new shock for financial markets

Middle East war a new shock for financial markets

The outbreak of war in the Middle East has sent shockwaves through financial markets, with energy prices soaring and stocks sliding, just a year after US President Donald Trump's tariff onslaught rattled investors. "We're in a situation that's not under control and yet,

US sheds jobs in February in warning sign for Trump's economy

US sheds jobs in February in warning sign for Trump's economy

The United States unexpectedly lost jobs in February while unemployment edged up, government data showed Friday, piling pressure on President Donald Trump's economic agenda as key midterm elections approach. The world's biggest economy shed 92,000 jobs last month, in a sharp reversal from the job

US retail sales decline as consumer pullback deepens

US retail sales decline as consumer pullback deepens

US retail sales declined by 0.2 percent in January, according to delayed government data released on Friday, missing some analysts' expectations amid persistent concerns that consumption in the world's biggest economy is slowing. Overall sales fell on a month-on-month basis to $733.5 billion,

War in Middle East raises stagflation fears in Europe and beyond

War in Middle East raises stagflation fears in Europe and beyond

Global energy prices have shot upwards after the US and Israel unleashed war in the Middle East, but just how far those shocks will ripple across the economy remains unclear. Still, the spectre of "stagflation" -- high inflation coupled with stagnant economic growth -- once again looms over the global

‘Baked in’: The Supreme Court nixed many of Trump’s tariffs, but don’t expect prices to come down

‘Baked in’: The Supreme Court nixed many of Trump’s tariffs, but don’t expect prices to come down

The U.S. Supreme Court invalidated many of President Donald Trump’s tariffs last month, and a trade court ruled March 4 that companies and importers who paid those import duties are due an estimated $130 billion in refunds from the federal government. But don’t expect prices to come

Pantry resets become an inflation strategy as food prices keep climbing

A March pantry reset doubles as a real cost-control strategy, with households cutting food waste, using freezers strategically and cooking around price changes. Instead of relying on bigger carts to feel prepared, families make every ingredient count before buying more. With grocery prices still at levels higher than many

European, US stocks back in sell-off mode as oil prices surge

European, US stocks back in sell-off mode as oil prices surge

Oil prices pushed higher while US and European stocks dropped on Thursday as investors tracked developments on the sixth day of the Middle East war. An equity market rebound petered out after Asian markets closed, with European exchanges shedding around 1.5 percent and Wall Street's main indices