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.
Gasoline jump drives March inflation to 3.3%
March CPI rose 0.9% from February and 3.3% from a year earlier as the Iran war pushed gasoline and other fuel costs higher.
Labor-force participation rate slips to lowest since 1977 outside pandemic
U.S. payrolls rose in March, but the labor-force participation rate fell to 61.9%, its lowest since 1977 outside the pandemic.
Markets downplay Iran shock amid lingering energy risks
Investors are treating the Iran shock as temporary, even as Nuveen strategist Laura Cooper warns more attacks on Gulf energy infrastructure may be underpriced.
Labor-force participation hits 1977 low amid aging population
U.S. labor-force participation fell to 61.9% in March, its weakest level since 1977, as an aging population and immigration crackdown limit worker supply.
Strait of Hormuz tanker traffic stays near standstill after ceasefire
Tanker traffic through the Strait of Hormuz stayed near a standstill after the U.S.-Iran ceasefire, even as U.S. oil slipped below $100 a barrel.
Iran war pushes U.S. inflation higher on gasoline prices
March CPI rose 0.9% and 3.3% from a year earlier as gasoline and oil surged after the war with Iran pushed energy prices higher.
March CPI jumps on Iran war energy shock
Brent crude traded at $96 a barrel as investors weighed inflation risks, with economists expecting annual CPI at 3.4% and gas prices to surge.
Labor-force participation falls to 1977 low outside the pandemic
U.S. labor-force participation fell to 61.9% in March, the lowest since 1977 outside the pandemic, even as employers kept adding jobs.
Gasoline spike lifts March inflation to 3.3% amid Iran war
March CPI rose 0.9% as gasoline prices jumped 21.2%, the biggest monthly gain since 1967, adding pressure to household budgets and other prices.
IMF warns Iran war could trigger emerging-market capital outflows
Georgieva said the war points to “higher prices and slower growth,” even if fighting stopped immediately.