Did millennials or boomers have it harder? We went searching for the answer
What the data says about median income, home prices, student debt and more.
Nearly three years after arriving to play for Major League Soccer’s Inter Miami, Lionel Messi has become a one-man economic stimulus engine for the Miami area
Nu Stadium, which opened last week and whose construction gained urgency after Lionel Messi’s 2023 arrival, lies at the center of a $1 billion project.
Consumer prices in March rose at their fastest annual rate in two years, thanks to Iran war sending gasoline prices above $4 a gallon. And that has severely eaten into U.S. paychecks
The gas pump is eating into U.S. paychecks, especially for rank-and-file workers.
Consumer prices soared in March, pushed higher by skyrocketing gasoline prices
The reading, the first major inflation report since the Iran war began, came in at its hottest level in two years.
The conflict in Iran is inflicting a new toll on U.S. commercial construction, raising costs and risking project delays
Rising prices for fuel and materials such as aluminum are pushing up costs just as they were stabilizing. “This war just trashed that.”
Canada’s Unemployment Rate Steadies With Modest Recovery in Hiring
Employers in the country added 14,100 jobs in March, holding the unemployment rate at 6.7%, the national data agency said.
Consumer sentiment fell in April to the lowest level recorded in the 70-plus-year history of the University of Michigan’s survey
The survey’s initial April reading came in at 47.6, versus 53.3 in March. Analysts polled by The Wall Street Journal were expecting a drop to 52.
Week Ahead for FX, Bonds: Middle East Developments in Focus; IMF Forecasts, U.S. PPI Due
The outcome of talks between the U.S. and Iran in Islamabad over the weekend will be watched closely by investors.
Taiwan Exports Accelerate Sharply in March Despite Mideast Tensions
Taiwan’s exports surged in March, supported by sustained demand for artificial-intelligence applications despite geopolitical tensions in the Middle East.
Japan to Release Extra Oil Reserves Amid Middle East Uncertainty
Japan plans to release an additional 20 days’ worth of oil reserves starting in early May, Prime Minister Sanae Takaichi said.
A surge in energy costs triggered by the war in Iran pushed up producer prices in China, snapping a streak of factory deflation in the country that lasted more than three years
Factory-gate prices in the world’s second-largest economy rose for the first time in more than three years.
Bank of Korea Keeps Rates Unchanged as Mideast Uncertainty Persists
South Korea’s central bank kept its base rate unchanged for a seventh straight meeting ahead of a leadership change.
Iran’s chokehold on the Strait of Hormuz shows it isn’t just superpowers that can weaponize economic pinch-points
With Tehran’s chokehold on the strait, Iran joins U.S. and China as countries that can weaponize economic pinch-points.
Middle East Conflict Testing Asia’s Economic Mettle, ADB Says
Asia-Pacific economies face a challenging time ahead as the fallout of the Middle East conflict threatens to fan inflation and curb growth, the Asian Development Bank said in its latest outlook.
Iran is demanding that oil tankers passing through the Strait of Hormuz pay a toll in cryptocurrency, highlighting its importance to the Iranian regime and economy
Iran is demanding oil tankers passing through the Strait of Hormuz pay a toll in cryptocurrency, highlighting its importance to the Iranian regime and economy.
Americans are paying more than ever to homeowners associations
Monthly costs of homeowners associations have jumped 26% since 2019. Owners can also be hit with special fees for large repairs.
IMF Chief Expects Slowdown on Global Economic Growth Even if Peace Is ‘Durable’
Managing Director Kristalina Georgieva said central banks should leave their key interest rates as they are while they assess the impact of the conflict that began with U.S. and Israeli attacks on Iran in late February.
Fed’s Preferred Inflation Metric Was Stubborn Before Iran War
Monthly price increases as measured by the Fed’s preferred gauge sped up in February, showing that inflation remained persistent even before the Iran war began.
U.S. Jobless Claims Rose More Than Expected Last Week
U.S. jobless claims rebounded last week to their highest level since February, painting a blurry picture of the labor market after a strong jobs report in March.
Extent of Damage to Middle East Energy Facilities Key to Economic Impact, OECD Says
EXCLUSIVE: The impact of the war on global growth and inflation will partly depend on the damage caused to energy infrastructure, the research body said.
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