Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
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Economy Watch
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Market Pulse
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Labor-force participation falls to 1977 low amid immigration crackdown
The U.S. labor force participation rate fell to 61.9% in March, its lowest since 1977 outside the pandemic, as aging and immigration curbs pulled more people out of work.
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Trump ceasefire sends Brent crude down 12% after Hormuz reopening
Trump’s two-week Gulf ceasefire and reopening of the Strait of Hormuz sent Brent crude down 12% to $91 a barrel after nearly 6 weeks of disruption.
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March CPI report shows biggest monthly price jump since June 2022
U.S. consumer prices rose 0.9% in March as the war with Iran sent gasoline up 21.2% and lifted annual inflation to 3.3%.
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Wall Street rally lifts billionaires $265 billion after Iran ceasefire
The world’s 500 richest people gained $265 billion in a day after Donald Trump pulled back his threat of immediate military action, with the Dow up 2.85%.
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Hormuz tanker traffic remains near standstill after ceasefire announcement
Tanker traffic in the Strait of Hormuz remains near a standstill, keeping U.S. oil below $100 a barrel despite Trump’s ceasefire announcement.
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