Goldman Sachs Sees Limited Global Supply Impact from Iran War
Goldman Sachs economists have concluded that the ongoing conflict in Iran is unlikely to trigger a broad global supply chain crisis comparable to the…
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Business
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Cruise Lines Face Fuel Cost Surge as Oil Prices Rise on Iran Conflict
Cruise lines are confronting higher fuel expenses as oil prices have risen sharply amid the war involving Iran, impacting profit forecasts for major operators.…
Chancellor Reeves Pledges £1bn for Quantum Computing and AI Growth
Chancellor Rachel Reeves announced a £1 billion investment in commercial-scale quantum computers and a £500 million fund to support leading UK artificial intelligence (AI)…
Iran Conflict Pushes Gas Prices Up 50 Cents Per Gallon Nationwide
Gas prices in the U.S. have surged by an average of 50 cents per gallon since the start of Operation Epic Fury against Iran…
Freddie Mac Reports 30-Year Mortgage Rate Rises to 6.11%
Freddie Mac announced Thursday that the average rate on the benchmark 30-year fixed mortgage increased to 6.11%, up from 6.00% the previous week. This…
Costco Faces Class Action Suit Over Tariff Refunds to Customers
Costco is facing a proposed nationwide class action lawsuit seeking refunds for tariff payments passed on to customers, following a Supreme Court ruling that…
Reno Surpasses Las Vegas as Top Destination for California Homebuyers
Reno, Nevada, has overtaken Las Vegas as the leading destination for California homebuyers seeking more affordable housing options, according to a 2025 housing market…
Fed’s Favored Inflation Gauge Remained Elevated in January
The Commerce Department reported that the Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE) index, rose 0.3% in January 2026, maintaining elevated…
US Commerce Department Revises Q4 GDP Growth Down to 0.7%
The U.S. Bureau of Economic Analysis (BEA) released an updated estimate showing that the U.S. economy grew at an annual rate of 0.7% in…
US Homebuilders Cut Sizes and Use AI to Address Housing Shortage
The US housing market remains tight as the median sales price for existing homes stays just below $400,000, marking more than two and a…