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How the Charleston Open shed light on tennis' prize-money economics
DANIEL ISLAND, S.C. — When Jessica Pegula lifted the trophy at the Charleston Open on Sunday, she became a part of tennis history. Her $2.3-million winner's check marked the first time a standalone WTA 500 tournament, the level two rungs…
Dimon warns Iran war could sink economy into a recession
JPMorgan Chase CEO Jamie Dimon is warning that the Iran war could lead to prolonged inflation and higher interest rates that ultimately could tip the U.S. economy into a recession. “The skunk at the party — and it could happen in 2026…
Jamie Dimon says US should strengthen allies economically, in veiled criticism of Trump
The head of America's largest bank has pressed the White House to strengthen America's allies economically in order to “avoid truly adverse consequences”, in the latest instalment of an increasingly testy relationship with the Trump…
Democrats push economic message ahead of 14th District runoff
“CBP and ICE would have to be funded first before the others are funded to ensure that they don't get hung out to dry,” Clyde, R-Athens, told us last week. “We're not ever going to hang our law enforcement out to dry.”…
Exclusive | Andrew Tilton on China's economic trajectory in wake of Iran war
Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs, speaks to the South China Morning Post about the long-term future of China's economy after the “two sessions” in Beijing and ahead of an expected Xi-Trump summit –…
Oil Shock Is Adding Stress to the Global Economy
This article is for subscribers only. Oil markets have been pitched into turmoil by the war in Iran, and the effects will likely be long lasting and far reaching. After a meeting on Sunday, OPEC+ warned that the damage to Middle East energy assets…
Oil, War And The Global Economy: The Market's Narrative In March 2026
Aswath Damodaran 15.07K Followers As with almost every event in the Middle East, the effects of the Iran War played out first in oil prices, and oil has been the lead player in March, surging and volatile, but with disparate impacts even within…
Jobless young Palestinians trapped as Israel holds Gaza's economy hostage
Mahmoud Shamiya walks to the shores of the Mediterranean Sea every day just to pass the time. He is among Gaza's tens of thousands of young people who have no work as the economy collapsed during Israel's devastating war. Shamiya graduated from…
AMRO maintains 2026 economic growth forecast for S. Korea at 1.9%
An Asia-based economic surveillance organization said Monday that South Korea's economy is expected to expand 1.9 percent this year, supported by solid semiconductor demand and government stimulus spending. The latest projection from the ASEAN+3…
It's a Jackson Browne Economy: Running On Empty
“Running on Empty,” Jackson Browne's 1977 hit, was about a feeling everyone knows: running on fumes. That feeling describes today's economy. Fiscal relief, excess savings, an AI‑driven investment boom, and a Federal Reserve…
The massive economic impact of the global energy crisis
Even if the Iran war ended now and the Strait of Hormuz reopened, the crisis has lasted long enough to bring a meaningful and damaging toll worldwide. Why it matters: ' What began as a disruption in a key energy corridor is now feeding through the…
Indian IT Companies Eye Cloud, AI Acquisitions for Revenue Growth Amid Weak Economy
Indian Information Technology (IT) services companies are poised to significantly increase their acquisition spending to an estimated $6.5-7 billion this year, strategically targeting Cloud, data, enterprise platforms, and AI to drive revenue…
Middle East war: global economic fallout
A third Turkish-owned ship has crossed the war-torn Strait of Hormuz, Turkey's Transport Minister Abdulkadir Uraloglu said. Iran has closed the key global waterway, since the US-Israeli strikes on Iran started on February 28 set off the Middle East…
NYC's top economic agency still leaderless under Mamdani. Business leaders are worried.
Mayor Zohran Mamdani still hasn't found someone to lead New York City's Economic Development Corporation after three months in office. The agency's former CEO, Andrew Kimball, who had been appointed to the job by previous Mayor Eric Adams, resigned…
Larry Summers Reportedly Believes Trump's Economy Is on the Brink of Crisis
Larry Summers is privately warning that the U.S. economy is “worryingly fragile” and potentially nearing crisis conditions, according to a report that underscores mounting concerns about inflation and federal debt. The former Treasury…
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