The Oil Shock Is Worse Than You Think
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. Source link
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A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers
The cost at the pump made its biggest monthly percentage increase in decades amid lingering tensions over the war in Iran. Source link
TSA Lines Are Shorter. The World Cup and a Lengthy Shutdown Could Change That.
Security lines are shorter, but the shutdown continues and pay is unresolved. With the World Cup around the corner, T.S.A. agents are tempering their expectations. Source link
Trump Administration Returns to Court for Yet Another Tariff Lawsuit
States and small businesses challenged the 10 percent tax on many imports that President Trump imposed after the Supreme Court struck down a previous slate of tariffs. Source link
Middle East War Triggers Higher Prices in China
Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the economy. Source link
Oil Ticks Higher and Stocks Rise Ahead of U.S. Inflation Report
A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U.S. government data on inflation. Source link
Judge Rejects Hegseth’s Second Attempt to Restrict Reporters at Pentagon
A federal judge gutted a set of rules that were adopted after the court declared an earlier press policy unconstitutional, in a case brought by The New York Times. Source link
Labor Secretary Faces Civil Rights Complaints From Department Staff
Three employees described a hostile work environment under Labor Secretary Lori Chavez-DeRemer. Source link
White House and Crypto Industry Fight Bank Lobby Over Stablecoin Income
The Trump administration backed a proposal for stablecoin issuers to offer yield to investors. Source link