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News
Chancellor warns of tough Budget because of economic impact of Iran war
1+ week, 2+ day ago (455+ words) The Chancellor has warned that the Budget in the autumn could be tough, as US President Donald Trump’s war in the Middle East affects the British economy. John Healey issued the warning amid the leap in Government borrowing earlier this…...
Diesel Prices Have Surged Back Toward April's High. That's Another Problem For America's Inflation Fight.
1+ week, 5+ day ago (298+ words) U.S. diesel prices have climbed back toward levels last seen during the early months of the war with Iran, adding fresh pressure to transportation and business costs as disruptions in the Middle East and Russia squeeze global fuel supplies. The nationwide…...
These comfortable school shoes will make growing feet happy
3+ week, 3+ hour ago (367+ words) I can remember all too well the excruciating back-to-school shoe shopping experience. The weird foot-measuring machine, the ugly array of choices, and – of course – the never-ending walk up and down, up and down, as my mother and some local sixth-form-age…...
Europe’s borrowing costs are rising. What does that mean for you?
3+ week, 4+ day ago (1566+ words) A sell-off in Europe’s bond markets may sound distant from day-to-day household finances, but it could affect the cost of mortgages and other loans, as well as how much governments can spend on public services. Mortgage rates have started rising…...
Leaked ICE Emails Reveal Secret Backchannel Partnership With Iran To Alter US Deportation Flight Manifests
3+ week, 4+ day ago (664+ words) Hundreds of internal emails released this week show that Iranian officials had a hand in deciding which Iranians the United States deported, with Immigration and Customs Enforcement acting on last-minute requests from Tehran to add names to its removal lists....
China’s Car Market Slumps At Home As Exports Jump
3+ week, 4+ day ago (387+ words) China’s car market just logged its 10th straight monthly drop, with July passenger sales down about one-fifth year-on-year even as exports nearly doubled. That split picture of quiet showrooms at home and packed export terminals is now a live stress test…...
Mohamed El-Erian Warns US Treasury's Bond Buyback Is Just a 'Band-Aid,' Not a Fix For a $40 Trillion Debt Problem
3+ week, 4+ day ago (476+ words) Economist Mohamed El-Erian said the U.S. Treasury Department’s surprise move to double its bond buybacks this week is a short-term fix that does nothing to address the root causes of soaring long-term interest rates and the federal government’s mounting debt and…...
U.S. Deporting Mexican Migrants to Third Countries Despite Mexico's Willingness to Take Them Back: Report
3+ week, 4+ day ago (350+ words) The Trump administration has been deporting Mexican migrants to Guatemala and Honduras despite Mexico's stated willingness to accept the return of all its citizens, according to two Department of Homeland Security officials who spoke to CBS News. The officials said…...
The Iran War Sent Gas Prices Skyrocketing, but the US Now Faces a Diesel Problem
3+ week, 5+ day ago (510+ words) Diesel refining margins have surged to unprecedented levels as the Iran war tightens global fuel supplies, raising concerns that elevated diesel costs could ripple through trucking, agriculture and the broader U.S. economy. The Diesel Crack Spread, which indicates the profit margin…...
Refiner Stocks Have Soared More Than 80% in 2026. The Last 5 Times This Happened, They Fell Later.
3+ week, 5+ day ago (405+ words) U.S. oil refiners have delivered one of the stock market's biggest rallies of 2026, powered by soaring refining margins and geopolitical disruptions that have tightened global fuel supplies. But after gains that have dwarfed the broader market, history suggests the trade may…...