Articles about Economy

The ongoing conflict in Iran has sent shockwaves across the globe, with many countries and companies scrambling to respond to the crisis. One of the most significant unintended consequences of the conflict is the emergence of a four-day workweek trend. As governments and businesses seek to conserve ...

The government shutdown, now in its 33rd day, has taken a severe toll on federal agencies, with the Transportation Security Administration (TSA) being one of the hardest hit. The TSA, responsible for securing US airports, is facing a critical shortage of staff, with officials warning of a potential ...

Former President Donald Trump's 'America First' policy, which aimed to prioritize American economic interests and jobs, has been widely criticized for its failure to deliver on its promises. Despite Trump's claims that the policy would boost economic growth and create jobs, the reality is that the U...

The move, which has been in the works for several months, was announced by the Department of Transportation on Tuesday, citing the need to address high energy prices and promote economic growth. The shipping law, known as the Jones Act, requires that oil and gas imports be transported on US-flagged ...

The Strait of Hormuz, a crucial waterway connecting the Persian Gulf to the Gulf of Oman, has been at the center of a long-standing dispute between Iran and the United States. The conflict escalated in 2019 when the US unilaterally withdrew from the landmark Iran nuclear deal, prompting Iran to star...

The threat of war between the United States and Iran has sent shockwaves through the global economy, with stock markets in the United States, Europe, and Asia experiencing sharp declines. The escalating tensions between the two countries have raised concerns about potential supply chain disruptions,...

As the US continues to grapple with rising gas prices, the Biden administration's energy chief, Jennifer Granholm, has expressed concerns that there are no guarantees prices will fall in the coming weeks. This statement has sparked debate among politicians and economists, who are divided on the pote...

The Strait of Hormuz, located between Iran and the United Arab Emirates, is a critical chokepoint for global oil supplies. The waterway is responsible for the transportation of approximately 20% of the world's oil output, making it a vital artery for the global economy. Investigation Reveals Inactio...

California Hit Hard by Oil Price Hike Amid Iran Tensions California, the most populous state in the US, is facing an unprecedented oil price hike due to the ongoing tensions with Iran and the stress it's putting on oil refineries. The price surge has led to widespread concerns among motorists and bu...