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Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
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Kimmel on Trump: ‘He talks about war like he's bragging about women with Billy Bush' The GuardianLate Night Puzzles Over Trump's ‘Mixed Message' on Iran The New York TimesJimmy Kimmel, Stephen Colbert ream Trump over Iran threats USA TodayJimmy Kimmel Explains Why He Hates the TACO Trump Taunts The Daily Beast‘He went from Mahatma Gandhi to General Zod like that': Kimmel, Colbert react to Trump's Iran comments, cease-fire deal
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The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don't fully capture the scale of the disruption.
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The FT's Joe Leahy and Cheng Leng replied to reader questions
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Live Updates: Trump cautions Iran against charging tolls to go through Strait of Hormuz as fragile ceasefire holds CBS NewsTrump says Iran's handling of Strait of Hormuz is 'not the agreement we have' BBCTrump Warns on Reopening of Hormuz Before US-Iran Peace Talks Bloomberg.comIran War Live Updates: Trump Warns Iran Against Collecting Tolls in the Strait of Hormuz WSJ
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Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the economy.
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Anthropic Model Scare Sparks Urgent Bessent, Powell Warning to Bank CEOs BloombergProject Glasswing: Securing critical software for the AI era AnthropicCommentary: Wipe out a 'civilization'? Minor stuff compared with what just happened in AI Los Angeles TimesClaude Mythos Is Everyone's Problem The AtlanticYou Can't Use This A.I. The New York Times
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Consumers' views sour on business conditions and personal finances, and inflation expectations soar.
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An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a "systemic" shortage.
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The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.
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Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.
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Global private equity dealmaking is proving resilient despite ongoing macroeconomic uncertainty, the latest research from PitchBook suggests.
The post Global PE dealmaking shows resilience despite renewed tariff uncertainty, war in Iran appeared first on AltAssets Private Equity News.
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U.S. Ally Says He's Completely ‘Fed Up' With Trump and Putin's Chaos The Daily BeastStarmer Says He's 'Fed Up' With Trump as Europe Splinters From U.S. Over Iran War Time Magazine‘I'm Fed Up.' Frustrated With Trump, Starmer Embraces Other Allies. The New York TimesThe Iran war is a warning: Britain must build resilience - at home and with our allies in Europe | Keir Starmer The Guardian
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Scott Bessent called in US bank CEOs to discuss Anthropic model's cyber risks Financial TimesProject Glasswing: Securing critical software for the AI era AnthropicBessent, Powell call urgent meeting with bank CEOs about Anthropic model risks (ANTHRO:Private) Seeking AlphaClaude Mythos Is Everyone's Problem The AtlanticAnthropic's powerful new AI model raises concerns about high-tech risks PBS
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Traders wary that traffic through the Strait of Hormuz is still restricted.
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Oil companies are winning extra revenue from high prices due to the war in Iran, but could suffer if the energy shock depresses demand from consumers and businesses.
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The Fed held interest rates steady, while the Persian Gulf conflict threatens to reignite inflation, complicating the Fed's work.
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