"Spirit had hoped to resolve its current bankruptcy case this year while continuing to operate, but the recent rise in fuel prices caused by the Iran war has threatened that plan," The Times reported.
#IranWar
#GasPrices
#InflationNation
#Bankruptcy
"Trump's open-ended statement on Tuesday was more measured than his past social media attacks on Iran," writes Daniel Bush.
"That may signal Trump's desire to end a war that has roiled the global economy and is unpopular with anti-interventionist supporters in Trump's Maga base."
#InflationNation
"Trump’s approval rating on the economy dropped to 30% in April from 38% in a March AP-NORC poll. A similarly low share of U.S. adults, 32%, approve of the president’s leadership on Iran, which is unchanged since last month," AP reports.
#Tariffs
#IranWar
#RiggedMarkets
#InflationNation
Trump was asked on CNBC about a number of large companies, among them Apple and Amazon, that have not filed requests for refunds for the tariffs they paid, potentially because they are worried about “offending” Trump.
“If they don’t do that, I’ll remember them,” Trump said.
#InflationNation
#Nuts
#economist #economia #monetarypolicy #economicstudent #econometrics #stocks #money #marketcrash #fed
#economista #studyeconomics #investing #financememes #unemployment #investmentbanking #inflationnation #hyperinflation
www.youtube.com/shorts/b7i0g...
finance.yahoo.com/news/war-rev....
Supreme Court ruled Trump tariffs were unlawful and struck them down, but not before the Trump tariffs triggered a new round of inflation.
Unfortunately, neither the court nor Trump created a mechanism to refund consumers who got screwed by Trump tariffs.
It's our money.
#InflationNation
The average price of regular unleaded gasoline in the U.S. remains high this morning, continuing to hold steady at $4 a gallon as a result of the war started by Trump and Netanyahu.
#InflationNation
“Not only is this a threat to our food security – and by extension our national security – such a production shock could contribute to inflationary pressures across the U.S. economy,” AFBF President Zippy Duvall wrote in a letter to Trump, FreightWaves reported.
#InflationNation
"The good news for retirees is that next year's adjustment will likely be roughly the same or perhaps even higher than the 2026 raise. The bad news is that that's because inflation has been surging again," writes Katie Brockman.
#Tariffs
#IranWar
#InflationNation
“We don’t expect oil prices — and therefore pump prices — to go back to prewar levels,” Arjun Murti, a partner at Veriten, an energy research and investment firm based in Houston, tells The Times.
#IranWar
#InflationNation
Utah has seen the sharpest percentage increase, with prices up 52% since late February. Kentucky and Tennessee follow at about 50%, with Mississippi also posting a steep rise, at 47%, Investopedia reports.
#GasPrices
#InflationNation
A Quinnipiac University national poll of registered voters released Wednesday found that 65% of respondents blame Trump either “a lot” or “some” for the recent rise in gas prices, CNBC reported.
The same poll showed 38% of respondents approve of how Trump is handling the economy.
#InflationNation
“The cost of living is going to trump anything — no pun intended — over any small change in tax returns,” David Damore, a political science professor at the University of Nevada, Las Vegas, tells Reuters.
#InflationNation
Las Vegas, where entertainment is the financial lifeblood, is also a city of commuters, including the tipped workers who drive to their jobs at glitzy casinos, AP reports.
Gasoline is averaging $5 a gallon in Las Vegas, up 28% from a year ago, according to AAA.
#InflationNation
“Despite the pause in the conflict we remain concerned about jet kerosene supply and price increase,” UBS analyst Jarrod Castle said in a note on Tuesday, adding that December jet kerosene futures prices are still up more than 50 percent year-on-year, Reuters reported.
#IranWar
#InflationNation
"The administration has tried to find any lever it can pull to keep oil prices in check while it wages its war," writes David Goldman.
"Now, Trump is risking sending oil and gas prices even higher to maximize leverage over Iran to end the war."
#IranWar
#InflationNation
The president, who has repeatedly dismissed suggestions of a fissure in his MAGA coalition, once again reiterated his belief that anyone fighting against him was “the opposite of MAGA,” Forbes reported.
#IranWar
#EpsteinCoverUp
#InflationNation
#MAGABetrayal
Sultan Al Jaber, head of the Abu Dhabi National Oil Company, posted on LinkedIn Thursday morning: "This moment requires clarity. So let's be clear: the Strait of Hormuz is not open."
"Access is being restricted, conditioned and controlled," he said, Axios reported.
#IranWar
#Gas
#InflationNation
Prices in futures markets suggest that the Fed is not expected to cut rates until at least the middle of next year, The Times reported.
(New jobs report is good news for job seekers, but it soiled plans for Epstein class rate-cut hawks who want to play markets with cheap money)
#InflationNation
"The war, now into its fifth week, has brought an energy shock that threatens to drive up the cost of living in wealthy countries and deprive vulnerable regions of staples like electricity and cooking fuel," The Times reports.
#InflationNation
"Roughly two-thirds of Americans say Trump’s policies have worsened economic conditions in the US, up 10 points since January. Just 27% say they approve of Trump’s handling of inflation, down from 44% one year ago," notes Jennifer Agiesta.
#InflationNation
“I think there is, finally, concern about the cost trajectory,” a former Trump administration energy policy adviser told Politico.
“There is still not a clear sense of how long, after the conflict is over, it will take the system to revert to something that looks like normal.”
#InflationNation
Powell signals wait and see on need for a rate hike until next Fed meeting.
(Trump killed long shot chances of a near term rate cut with the Iran War and its runaway gas prices. Investors can't take seriously Trump, the rate-cut ring leader, dictating how to run the Fed.)
#IranWar
#InflationNation
"There’s a psychological wall at $4. Stations will sacrifice some margin to stay at $3.99 because they know how consumers react- but once costs force their hand, prices jump above it- and that could happen soon," GasBuddy Patrick De Haan posted online, MarketWatch reports.
Monday?
#InflationNation
“The resilience of the global economy is now being tested,” the OECD said in a report, The Times reported.
“Higher energy and fertilizer prices and the unpredictable nature of the evolving conflict in the Middle East will add to inflation and weigh on demand,” the OECD said.
#InflationNation
The housing market was poised to turn the corner this year.
Then Netanyahu and Trump decided a war with Iran was a good idea.
Americans who serve in the armed forces have died and an economic shockwave is going to reverberate around the country for a long time.
#RememberTheFallen
#InflationNation
"This provides a huge opportunity for Democrats to make major strides in the midterms by focusing on issues that are traditionally more Republican issues, like national security, the economy and immigration," Doug Farrar, a Democratic strategist, told Reuters.
#EpsteinWar
#InflationNation
#ICE
"For the first time since Gallup began measuring the life evaluation of the American workforce, more U.S. workers are struggling in their lives (49%) than thriving (46%). This contrasts with 2022 and 2023, when the reverse was true," Gallup reported.
#InflationNation
Fill it up - now it’s a financial decision 😅⛽
#GasCrisis #InflationNation #FuelCosts #EconomicReality #CostOfLivingCrisis #SatireArt
"While inflation has ticked up for many imported items since the tariffs were implemented, lower energy costs largely balanced out much of that increase," writes Bryan Mena.
"The war with Iran looks set to erase that buffer."
#IranWar
#EpicMiscalculation
#InflationNation
