Economy Industry News
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G7 finance ministers to meet amid warning of economic consequences of prolonged Strait of Hormuz closure
Eurogroup President Kyriakos Pierrakakis says 'opening the Strait of Hormuz and bringing the conflict to a lasting end are of the utmost importance.' Long-term borrowing costs in several G7 economies have surged recently on fears of climbing…
Trump says Iran war is worth the economic pain. These rural voters agree
Perched behind the cash register at Stubs liquor store, Amy Van Duyn gazed out the window at a red-and-green gasoline price sign, which she said seemed to tick up daily. SCROLL TO CONTINUE WITH CONTENT The price was $4.34 per gallon - about 50%…
Sunday shows preview: Trump returns from China as Iran war fuels economic anxiety
President Trump is back home following a high-stakes meeting in Beijing with Chinese President Xi Jinping that focused on trade, Taiwan and the spiking energy prices amid the war in Iran. Trump arrived on Wednesday and met with Xi the following…
UAE says only economics, not politics, affected decision to leave OPEC
There was speculation that the UAE withdrew from OPEC to distance itself from Saudi Arabia. The two nations have tense relations due to economic and geopolitical rivalries. Al Mazrouei disputed the notion that the countries' rivalry had anything to…
The Oil Shock Is Causing a $45 Billion Rupture in the Economy
The largest oil disruption in history is widening a divide in the economy. Americans have cumulatively spent about $45 billion more on gasoline and diesel during the war with Iran than they did during the same period a year ago, according to an…
Business travel, family trips and cultural experiences boost Louisiana tourism economy
Tourism plays a vital role in Louisiana's economic and cultural identity, supporting jobs, businesses and communities across the state. From world-renowned festivals and cuisine to history and outdoor experiences, Louisiana attracts millions of…
A Left Moral Vision Needs a Political Economy to Match
“Today, it's no longer about class struggle between capital and labor but about an economy that either serves life or death.” This remark by Gustavo Petro was at the center of a conference in Colombia on “The Economy for…
Maine's tourism economy is in decline | Letter
I read the May 8 article “Who visited Maine in 2025, and how much did they spend? ” hoping to get the lowdown on Maine's recent tourist visitation and economic impact. By the end of the article, I felt confused and misled. We're told…
Iran campaign depresses Israel's economy
Israel's economy shrank by an annualized 3.3% in the first quarter of 2026 (shrinking 0.8% in the quarter), according to the initial assessment by the Central Bureau of Statistics. The sharp contraction, which ends a two-quarter streak of growth…
'Nearly every kid had been scammed': Inside Roblox's predatory economy for children
Australian children are being systematically scammed on internet gaming platform Roblox, as experts warn they are exposed to predatory practices that normalise gambling. Two world-first University of Sydney studies reveal Roblox, which is played by…
Tehran Claims US Faces Escalating Economic Fallout From 'War Of Choice' As Hardship Mounts Inside Iran
Iranian Foreign Minister Abbas Araghchi warned Saturday that the United States would face mounting economic fallout from its 'war of choice' against Iran, as both sides appear settled into a long game of waiting to inflict the most severe economic…
'K-Shaped' Economy Is Giving Way to an 'E-Shaped' Divide
SOME CARD INFO MAY BE OUTDATED This page includes information about these cards, currently unavailable on NerdWallet. The information has been collected by NerdWallet and has not been provided or reviewed by the card issuer. The wealth gap in…
The New Space Economy - Rocket Lab, Meta, and the Race for Orbital Infrastructure - News Anyway
When you pass Rocket Lab's building in the morning, a peculiar silence descends upon Long Beach. The warehouses along that stretch of California coast look like any other, and the Pacific air has a subtle salt smell. There is nothing about the…
Booming U.S. LNG Export Industry Gets Another Boost In Louisiana
Chris Wright, US energy secretary, speaks at the expected site of Commonwealth LNG in Cameron, Louisiana, US, on Friday, May 15, 2026. With investments for additional export capacity, US LNG exports are set to more than double from current levels…
How Blockchain Could Power AI Agent Economies
AI agents are moving from simple chat assistants toward software that can search, compare, negotiate, book, pay, and coordinate tasks. That shift creates a new question for crypto users and Web3 builders: if agents begin acting as economic…
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