A Citgo gas station stands in Boston, Massachusetts, U.S., Jan. 6, 2026. Brian Snyder | Reuters Drivers are seeing the highest gas prices in more than a year and a half as the U.S.-Iran war disrupts the global oil trade. The average price per gallon of unleaded gas in the U.S. climbed to about $3.54…
A driver refuels a vehicle at a Wawa gas station in Media, Pennsylvania, US, on Monday, March 2, 2026. Matthew Hatcher | Bloomberg | Getty Images With oil spiking to $100 a barrel and the job market essentially paralyzed, the threat of stagflation again is looming over the U.S. economy and financial markets. High inflation…
Canadians hold an “Elbows Up” protest against U.S. tariffs and other policies by U.S. President Donald Trump, at Nathan Phillips Square in Toronto, Ontario, Canada March 22, 2025. Carlos Osorio | Reuters For Lisa Mcbean, buying American-made snacks and traveling to the U.S. was second nature. That changed for the Ontario resident starting in early…
San Francisco Federal Reserve President Mary Daly said Friday the weak February jobs report adds to a difficult policymaking environment. In a CNBC interview, Daly did not commit to a position on interest rates, but said a softening labor market combined with inflation still running above the central bank’s 2% target complicate future decisions. “This…
While the U.S. war with Iran is playing out thousands of miles away, American consumers are already feeling financial ripple effects. The U.S.-Israeli strikes on Iran over the weekend gave way to a week with topsy-turvy markets, spiking mortgage rates and higher prices at the pump. These changes can drag on already-lackluster consumer sentiment while…
The U.S. economy lost jobs in February, a month marred by severe winter weather and a strike at a major health-care provider, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls fell by 92,000 for the month, compared with the estimate for 50,000 and below the downwardly revised January total of 126,000. February marked the…
The Damac Heights real estate development, right, in the Dubai Marina in Dubai, United Arab Emirates, on Friday, Feb. 20, 2026. Bloomberg | Bloomberg | Getty Images The United Arab Emirates is considering cutting off Iranian access to billions of dollars held in the Gulf state, the Wall Street Journal reported Thursday. The move could…
A “Now Hiring” sign is seen at an AutoZone on Feb. 11, 2026 in Hollywood, Florida. Joe Raedle | Getty Images The 2025 labor market has been generously described as “unstable,” with virtually no jobs growth and a slew of headwinds expected to conspire against it. In 2026, though, the buzzword seems to be “stable,”…
A “Now Hiring” sign is seen at a Dollar Tree store on Feb. 11, 2026 in Hollywood, Florida. Joe Raedle | Getty Images Private sector hiring was a bit better than expected in February, though most of the job creation came from just two sectors, ADP reported Wednesday. Companies added a seasonally adjusted 63,000 workers…
View along Threadneedle Street towards the Bank of England in the City of London on 25th February 2026 in London, United Kingdom. The Bank of England is the central bank of the UK and is responsible for setting interest rates. Mike Kemp | In Pictures | Getty Images A widening Middle East conflict has posed…