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Cracks emerge in GOP over Iran war cost as administration floats more than $200B request to Congress CNNPentagon Seeks Additional $200 Billion to Fund Iran War The New York TimesHegseth says potential $200 billion Iran war spending request could shift: 'Takes money to kill bad guys' CNBCTrump confirms he will ask Congress for $200bn to fund war on Iran, calling it ‘a small price to pay' - US politics live The Guardian
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Global benchmark oil prices were pulling back from their highest level in nearly four years on Thursday afternoon after President Trump said he wouldn't send troops to the Middle East, helping to ease energy-market concerns about the Iran conflict.
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Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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Measures for banks would weaken one of the main regulatory guardrails against a financial crisis
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A group of Stanford economists pit tax refunds versus rising gasoline prices — and the results aren't good for American households.
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There's considerable damage being done below the surface of the stock market as oil prices surge, and no end in sight to the Iran conflict
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The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists.
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Trump and Iran Dominate the Agenda as Europe's Leaders Meet. Here Are 4 Things to Know. The New York TimesEU leaders fail to convince Hungary's Orban to lift block on Ukraine loan ReutersThe EU's Hungary problem won't be solved even if Viktor Orbán is ousted The GuardianEU leaders slam Hungary's Orban for blocking Ukraine aid package Al Jazeera
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The risky lending business has been booming — but now its problems are becoming increasingly visible on Wall Street and beyond.
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Shares of FedEx rose in extended trading Thursday after the package-delivery giant said it expected slightly better sales and profits for this year, even as the Iran war threatens larger shipping disruptions and drives fuel prices higher.
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Many companies invest in early-career development but neglect retaining institutional knowledge at the other end of the career spectrum
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Iranian strikes on Qatari natural gas complex send US and European markets reeling
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Wall Street banks set for 5% capital decline under new rules CNBCBanking Regulators Prepare to Loosen Post-Crisis Capital Rules The New York TimesUS moves to soften capital rules: ‘Big banks can declare mission accomplished' The GuardianUS regulators slash Wall Street capital rules to boost bank lending Financial Times
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Japan's prime minister visits the White House under shadow of Iran war NPRHow Japan's Leader Sanae Takaichi Found Her Voice in D.C. Decades Ago The New York TimesTrump mocks Japan about Pearl Harbor in response to question about Iran war The GuardianJapan's PM to visit Trump as president continues pleas for help with Strait of Hormuz NPRDonald Trump praises Japan's ‘tremendous support' over Iran war in Oval Office meeting Financial Times
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Jerome H. Powell, the chair of the Federal Reserve, emphasized the high degree of uncertainty stemming from the conflict as he acknowledged the potential for surging energy prices to lift inflation and dent growth.
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The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
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