EconomyPolitics
PCE Inflation Hits 3.8% in April as Spending Power Erodes
The Fed's preferred PCE inflation gauge rose to 3.8% in April, squeezing households as incomes fall and savings dwindle, complicating rate cut prospects.
—4 min read
Tag
#Iran War
18 articles
PoliticsEconomy
Swing Voters Factor High Gas Prices Into Midterm Calculus
NPR's Swing Shift project finds swing voters factoring high gas prices into midterm decisions as a new poll shows 63% blame President Trump.
—5 min read
Economy
U.S. Inflation Hits 3.8%, Fastest Pace in Three Years
The PCE price index rose 3.8% in April, the fastest since May 2023, driven by energy costs from the Iran war and straining household budgets.
—5 min read
EconomyUnited States
US Jobless Claims Rise to 215,000; Layoffs Low Amid Iran War
Weekly US jobless claims rose to 215,000, but layoffs remain historically low despite economic uncertainty from the Iran war and rising oil prices.
—5 min read
Military & Defense
US Faces Years-Long Wait to Replenish Iran War Weapons
CSIS analysis finds the US will need until 2030-2031 to replenish Tomahawk, THAAD, and Patriot stockpiles used in the Iran war.
—6 min read
Politics
Vance Opens Up About Faith and Usha's Role in NBC Interview
VP JD Vance opens up about his faith journey, wife Usha's role in his memoir, the Iran war, and 2028 speculation in an exclusive NBC interview.
—4 min read
Economy
US Consumer Confidence Sinks as War-Driven Inflation Bites
Consumer confidence fell in May as gas prices topped $4.50/gallon and inflation hit 3.8%. The University of Michigan sentiment index hit a record low.
—5 min read
EconomyTravel
Airline Miles Lose Value as Iran War Drives Up Summer Fares
Rising jet fuel costs from the Iran conflict are reducing the purchasing power of airline reward miles just as summer travel season begins.
—5 min read
EconomyConsumer
Fuel Prices Force Americans to Cut Back Memorial Day Travel
Rising gas and jet fuel costs, driven by the Iran war, are reshaping Memorial Day travel as Americans opt for shorter trips and closer destinations.
—5 min read
EconomyEnergy
Gas Prices Hit 4-Year High as Summer Energy Costs Surge
Gas prices reach $4.55/gal ahead of Memorial Day while electricity bills climb 8.5%. The Iran war drives energy costs to multi-year highs.
—5 min read
EconomyEnergy
Gas Price Crisis Grips US Ahead of Memorial Day Weekend
National gas prices hit $4.55/gallon as Iran war disrupts oil supplies, California battles Chevron, and 45M Americans face costly holiday travel.
—6 min read
PoliticsNational Security
Tulsi Gabbard Resigns as Director of National Intelligence
Tulsi Gabbard resigns as DNI citing husband's cancer diagnosis, amid reports she was forced out over policy clashes on the Iran war.
—5 min read
International RelationsPolitics
US Pauses $14bn Taiwan Arms Sale Due to Iran War
US Acting Navy Secretary confirms pause on $14bn Taiwan arms sale to conserve munitions for Iran war, as Trump signals mixed intentions.
—4 min read
PoliticsMilitary
Senate Advances Bill to End Iran War as Cassidy Flips Vote
The Senate voted 50-47 to advance a War Powers Resolution ending US involvement in Iran, as Sen. Bill Cassidy flipped after losing his GOP primary.
—5 min read
PoliticsEconomy
Oregon Voters Reject Gas Tax Hike Amid Iran War Fuel Crisis
Oregon voters rejected Measure 120, a Democratic-backed gas tax increase, by an 82% margin as the Iran war drives fuel prices to $5.34 per gallon.
—5 min read
EconomyFinance
Bond Market Rumbles Again as Yields Hit Multi-Year Highs
Treasury yields are surging to multi-year highs, sending warning signals for stocks, the Trump administration, and global markets.
—5 min read
PoliticsU.S. News
US Daily Roundup: Iran War Vote, Wildfires, Primary Results
Senate advances bill to end Iran war as Cassidy flips; Sandy Fire forces 17K evacuations; Massie loses to Trump-backed challenger.
—5 min read
EconomyConsumer
Gas Prices Surge Past $4.80 Ahead of Summer Travel Season
Gas prices are surging past $4.80 per gallon ahead of summer travel, driven by the Iran war and Strait of Hormuz closure. Consumers face higher costs.
—4 min read