Gas stations are rationing fuel. Hospitals are running out of medical supplies. People are hoarding plastic bags, and factories face packaging shortages. That’s all happening in Asia now. That could become a problem
From his start at Apple, Tim Cook was a numbers guy. Shortly after Steve Jobs returned to Apple (AAPL) in the late 1990s to rescue the company he had founded, he hired Cook
Confirmation hearings for Federal Reserve chairs are usually staid, rubber-stamp affairs. Not this one. Democrats and one key Republican from the Senate Banking Committee repeatedly attacked President Donald Trump; his pick for Fed
In an extremely promising development for the war in the Middle East and the global economy, Iran agreed to reopen the Strait of Hormuz. For now, anyway. If the war is actually ending,
Iran has been winning its economic game of chicken with President Donald Trump. Trump’s extraordinary blockade of the Strait of Hormuz this week shows the United States isn’t backing down just yet. But
The U.S. has positions also, much stronger and more far reaching. I have just not chosen to use them, there was never a reason for me to do so — UNTIL NOW! That
President Donald Trump is threatening to close off the Strait of Hormuz — a crucial waterway that he has repeatedly told Iran must be reopened unconditionally. “Effective immediately, the United States Navy, the
Jamie Dimon is warning that the US-Israeli war with Iran could lead to another round of persistent inflation and higher interest rates that could sink the US economy into a recession and redefine
“The United States imports almost no oil through the Hormuz Strait and won’t be taking any in the future. We don’t need it. We haven’t needed it and we don’t need it.” That
Good news: Oil traders are betting the Iran war will end fairly soon. Bad news: They’re also betting the economic damage from the war could last for years. Crude has surged above $110
