AI hyperscalers aren’t the only big spenders fueling the economy and financial markets as the energy sector is experiencing its own capital tsunami. Alphabet, Amazon, Meta, and Microsoft have been plowing hundreds of billions of dollars a year into AI. But the Iran war and closure of the Strait of Hormuz have highlighted another factor […]
Wartime Iran’s Political Transformation Jacobin Read the full article…
(Bloomberg) –Employers in the US boosted payrolls in April by more than projected after an even bigger increase a month earlier, suggesting the labor market may be gaining momentum after near-zero job growth last year.Payrolls rose by 300,000 over the period, the strongest two-month increase since 2024, official data showed. In Germany, industrial output declined […]
After weeks of blockades by Iran and the United States in the Strait of Hormuz, it’s clear the narrow waterway is now pivotal to the outcome of the conflict. By Chris Ogden for The Conversation The US has begun to escort ships through the narrow passage, but behind the military manoeuvring lies a deeper development: […]
May 9, 2026 A Mornings with Maria panel recently discussed the U.S. economy’s resilience and the effects of the Spirit Airlines collapse, according to a source report. The April 2026 jobs data, released by the Bureau of Labor Statistics on Friday, showed employers added 115,000 jobs. This figure surpassed the 62,000-job gain predicted by economists […]
The talks previously set for late March were delayed by the US-Israeli war with Iran, which has sent global energy prices soaring as shipping through the vital Strait of Hormuz has effectively come to a halt. Exports from China to the US increased 11.3% year-on-year in April, rebounding from a 26.5% drop in March. Photo […]
At the time of writing this blog, international oil prices are hovering around $100 per barrel. That’s a 30% increase since the beginning of the most recent conflict in the Middle East. While current economic effects of high energy prices and possible future scenarios are widely discussed, there seems to be less attention to how […]
WASHINGTON (AP) — America’s employers a delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war. Hiring was better than the 65,000 forecasters had expected, though it decelerated from the 185,000 jobs created in March. The unemployment rate remained at a low 4.3%. The Iran war has caused the […]
The Dollar Index has bounced today but can have scope for a dip while below 98.50. The EURUSD can trade within the 1.1650-1.1780/1.18 region for the next few sessions. EURJPY has risen today but could still have scope for a fall while below 184.50. USDJPY on the other hand needs to see a sustained break […]
Ken Griffin, the billionaire chief of the Citadel Investment empire, recently expressed his amazement at how President Donald Trump has had the fortitude to survive multiple assassination attempts while still bringing his A-game for the American people. “Resilient,” Griffin called him. You can say the same thing about the Trump economy. Yes, there are headwinds: […]
