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Economy

Retail sales rise 0.6% in February, but impact of Iran war threatens to derail spending

By ANNE D'INNOCENZIO
Apr 01, 2026 9:14 am - Shoppers increased their spending in February, particularly on cars and clothing, after pulling back at the start of the year due to severe winter storms.
Trump’s go-to moves to influence the markets are increasingly falling flat as the Iran war drags on

By JOSH BOAK and FATIMA HUSSEIN
Mar 31, 2026 9:19 am - As the Iran war intensifies, President Donald Trump has prioritized efforts to calm the financial markets — trying to keep oil prices from exploding upward, stocks from cratering and interest rates from surging.
Inflation increases to 2.5% in Europe as Iran war boosts energy prices

By DAVID McHUGH
Mar 31, 2026 8:14 am - Europe's inflation rate rose to 2.5% in March as the Iran war sent fuel prices sharply higher, official figures showed Tuesday. And that is leading analysts to pencil in interest rate increases by the European Central Bank later this year.
Worries about global economic pain deepen as the war in Iran drags on

By PAUL WISEMAN
Mar 30, 2026 1:03 pm - U.S. and Israeli attacks on Iran have driven up prices, darkened the outlook for the world economy, sent global stock markets reeling and forced developing countries to ration fuel and subsidize energy costs to protect their poorest.
Trump signs executive action to pay TSA employees after Congress fails to agree on DHS funding

By LISA MASCARO, MARY CLARE JALONICK and KEVIN FREKING
Mar 27, 2026 1:48 pm - President Donald Trump on Friday signed a promised executive action that will pay Transportation Security Administration employees, after a deal that sought to do the same stalled in Congress. Trump signed the action with an eye toward easing long security lines at many of nation’s top airports.
Chances of a Federal Reserve rate cut fade as inflation worsens

By CHRISTOPHER RUGABER
Mar 24, 2026 3:02 pm - The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans' finances: Higher interest rates.
It’s a bad time to hunt for new jobs, most US workers say in new Gallup poll

By CHRISTOPHER RUGABER
Mar 24, 2026 2:26 pm - Americans’ outlook on the job market has turned increasingly pessimistic, a surprisingly negative shift given the low unemployment rate but one that likely reflects an ongoing hiring drought. Just 28% of workers in a quarterly Gallup survey conducted late last year said now is a “good time” to find a quality job, with 72% saying it is a bad time.
High oil prices knock down stocks and erase Wall Street's hopes for a cut to interest rates

By STAN CHOE
Mar 20, 2026 3:54 pm - Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve
US national debt surges past $39 trillion just weeks into war in Iran

By FATIMA HUSSEIN
Mar 18, 2026 8:47 pm - The national debt surpassed a record $39 trillion on Wednesday, a milestone that comes just weeks into the U.S.-Israeli war in Iran.
US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war

By FATIMA HUSSEIN and REGINA GARCIA CANO
Mar 18, 2026 8:25 pm - U.S. companies will be allowed to do business with Venezuela's state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost global oil supplies during the Iran war.

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