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Ian Huntley

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Economy

Michael Gagliano works on the floor at the New York Stock Exchange in New York, Friday, March 6, 2026. (AP Photo/Seth Wenig)

Oil surges to its highest price since 2023, and stocks drop after a weak update on the US job market

Oil shot to its highest price since 2023 after surging again because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street’s worst week since October.

Yesterday

An employee welds metal at a steel tank factory in Mexico City, Feb. 11, 2025. (AP Photo/Eduardo Verdugo, File)

Mexico and US will start talks March 16 on reviewing their free trade agreement

March 5

An employee fills up the fuel tank of a car at a gas station in Jakarta, Indonesia, Tuesday, March 3, 2026. (AP Photo/Achmad Ibrahim)

Energy shock fears rise as the Iran war chokes supplies to Asia

March 5

Financial information is displayed on the floor at the New York Stock Exchange in New York, Wednesday, March 4, 2026. (AP Photo/Seth Wenig)

US stocks rebound after strong economic updates and as oil prices stop spiking

March 4

Britain's Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street to deliver the Spring Statement in London, Tuesday, March 3, 2026.(AP Photo/Kin Cheung)

Iran war casts a pall over UK economic update as stocks tank and oil and gas prices surge

March 3

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Oil surges to its highest price since 2023, and stocks drop after data shows a weaker US job market

The combination of a weak economy and high inflation is a worst-case scenario for investors because the Federal Reserve has no good tool to fix both problems at the same time.

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Hong Kong investors remain cautious amid escalation in the Middle East

Minneapolis mayor says federal immigration operation cost the city’s economy $203 million

Cash bouquets and scrap metal gifts rival flowers as coveted tokens of love in Zimbabwe

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Meric Greenbaum works on the floor at the New York Stock Exchange in New York, Tuesday, March 3, 2026. (AP Photo/Seth Wenig)

Dow drops 400 after trimming an early plunge of 1,200 as oil prices climb even higher

March 3

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Humanoid robot performers dressed in traditional costume join dancers in a performance during Lunar New Year celebrations in Beijing, Thursday, Feb. 19, 2026. (AP Photo/Vincent Thian, File)

China’s economic ambitions hit limits to growth as its national congress meets

March 3

Kevin Warsh speaks to the media about his report on transparency at the Bank of England, in London, Dec. 11, 2014. (AP Photo/Alastair Grant, Pool, File)

Trump expects his Fed pick and AI to deliver a replay of the ‘90s boom. Economists have doubts

March 1

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Egyptians walk past a poster depicting U.S. dollars and other currencies outside an exchange office in Cairo, Egypt, Thursday, Jan. 12, 2023. (AP Photo/Amr Nabil, File)

IMF says it is releasing $2.3 billion to Egypt after reforms help to stabilize the economy

February 26

IMF sees ‘buoyant’ US economy accelerating this year but warns of risks from tariffs, rising debt

February 25

President Donald Trump delivers the State of the Union address to a joint session of Congress in the House chamber at the U.S. Capitol in Washington, Tuesday, Feb. 24, 2026. (Kenny Holston/The New York Times via AP, Pool)

Trump’s portrayal of ‘golden age’ is out of sync with how Americans see economy

February 25

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President Donald Trump speaks during a press briefing at the White House, Friday, Feb. 20, 2026, in Washington. (AP Photo/Evan Vucci)

Highlights: Trump says he’s enacted a 10% global tariff by executive order

February 21

A person shops at a grocery store in Schaumburg, Ill., Monday, Feb. 9, 2026. (AP Photo/Nam Y. Huh, File)

US economic growth weaker than thought in fourth quarter with government shutdown, consumer pullback

February 20

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Japan's Prime Minister Sanae Takaichi, leader of the ruling Liberal Democratic Party (LDP), speaks during her press conference Monday, Feb. 9, 2026 in Tokyo. (Franck Robichon/Pool Photo via AP)

Japan’s economy barely grows in the last quarter as exports slow, with 2025 expansion just 1.1%.

February 16

Britain's Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street for the House of Commons in London, Wednesday, Feb. 4, 2026. (AP Photo/Alastair Grant)

UK economy subdued at end of 2025 as budget uncertainty weighed on businesses and consumers

February 12

Asia Vital Components Chairman Spencer Shen speaks during an interview with The Associated Press in New Taipei City, Taiwan, Friday, Jan. 30, 2026. (AP Photo/Chiang Ying-ying)

Taiwan’s AI-powered economy soars in the shadow of bubble fears and China threats

February 12

Hiring sign is displayed in front of a restaurant in Chicago, Thursday, Feb. 5, 2026. (AP Photo/Nam Y. Huh)

US adds surprising 130,000 jobs last month

February 11

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Fact checking Trump’s claims on tariffs and the US economy

February 6

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President Donald Trump speaks during an event to announce new tariffs in the Rose Garden at the White House, April 2, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)

FACT FOCUS: Trump says tariffs have created an economic miracle. The facts tell a different story

February 6

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President of the European Central Bank (ECB) Christine Lagarde speaks at the press conference after the Governing Council meeting of the ECB, in Frankfurt, Germany, Thursday Feb. 5, 2026. (Florian Wiegand/dpa via AP)

Europe’s central bank maintains interest rate with economic growth resilient

February 5

Kevin Warsh, speaking to the media about his report on transparency at the Bank of England, in London, Dec., 11, 2014. (AP Photo/Alastair Grant, Pool, File)

Trump’s choice of Warsh to lead Fed could reshape the world’s most influential central bank

January 30

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FILE -People visit the AI EXPO Taiwan exhibition ''AIVOLUTION'' in Taipei, Taiwan, April 25, 2024. (AP Photo/Chiang Ying-ying, File)

Taiwan’s economy grows 8.6% in 2025, fastest rate in 15 years, turbocharged by the AI boom

January 30

Price of gold soars in France as uncertainty drives investors to the safe-haven metal

January 28

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German Chancellor Friedrich Merz arrives for the cabinet meeting at the chancellery in Berlin, Germany, Wednesday, Jan. 28, 2026. (AP Photo/Markus Schreiber)

Germany trims this year’s growth forecast to 1% as its economy is slow to gather pace

January 28

Federal Reserve Chair Jerome Powell speaks at the Federal Reserve, Wednesday, Dec. 10, 2025, in Washington. (AP Photo/Jacquelyn Martin, file)

Federal Reserve keeps interest rates unchanged even as Trump continues to insist they be lowered

January 28

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One year after M23 takeover, families struggle to make ends meet in Congo’s eastern capital

January 27

Businesses clean-up in Little Rock after dangerous winter storm

January 27

Pedestrians walk down Fifth Avenue during a winter storm, Sunday, Jan. 25, 2026, in New York. (AP Photo/Heather Khalifa)

Paralyzing winter storms put a big chill on the US economy, but how much?

January 27

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AP explains key takeaways from Davos as WEF wraps up

January 23

Kristalina Georgieva, Managing Director of the International Monetary Fund, attends the Annual Meeting of the World Economic Forum in Davos, Switzerland, Friday, Jan. 23, 2026. (AP Photo/Markus Schreiber)

Economic leaders at Davos say global growth is resilient despite Trump disruption

January 23

Trump discusses Greenland and ‘Golden Dome’ missile defense system

January 23

AP explains takeaways of Trump’s appearance at WEF

January 22

Musk imagines a new world of robots and life being ‘multiplanetary’

January 22

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Elon Musk attends the Annual Meeting of the World Economic Forum in Davos, Switzerland, Thursday, Jan. 22, 2026. (AP Photo/Markus Schreiber)

Musk draws laughter with ‘piece’ vs. ‘peace’ regarding Trump’s ‘Board of Peace’

January 22

A person carries a shopping bag in Philadelphia, Wednesday, Dec. 10, 2025. (AP Photo/Matt Rourke, File)

Consumer spending pushes US economy up 4.4% in third quarter, fastest in two years

January 22

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