by Richard Garrett | May 22, 2026 | Economy
American import prices rose sharply in April, with fuel costs recording their largest single-month increase in four years, adding another layer of inflationary pressure to an economy already straining under the weight of the Iran war’s disruption of global...
by Richard Garrett | May 20, 2026 | Economy
The Iran war is reshaping how American consumers spend their money, with higher gasoline costs eating into household budgets and prompting a visible pullback in spending on major purchases even as overall retail activity continues to grow. Retail sales climbed 0.5% in...
by Richard Garrett | May 20, 2026 | Economy
A growing number of veteran Wall Street analysts are drawing uncomfortable parallels between the current AI-driven stock market rally and the final months of the dot-com bubble, raising questions about whether investors are once again getting ahead of themselves at...
by Richard Garrett | May 18, 2026 | Economy
President Donald Trump has told Americans that the inflation pain from the Iran war will be short-lived, but two back-to-back inflation reports released this week tell a different story, and the bond market is beginning to signal the same concern. Wednesday’s...
by Richard Garrett | May 18, 2026 | Economy
American workers are losing ground on their paychecks for the first time since 2023 as inflation accelerated sharply in April, driven by rising energy costs, higher food prices, and housing-related increases that combined to push the annual inflation rate to its...
