Major economic warning signs as markets plummet

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Consumer confidence tumbled in March as Americans worry about the Iran war’s economic impact

Consumer confidence slid in March as the Iran war and rising gas prices weighed on Americans’ views of the U.S. economy. The University of Michigan’s preliminary March sentiment index, released Friday, showed consumer sentiment fell 5.8% from 56.6 points in February to 53.3 in March. That marks the lowest level since December 2025. The drop … Read more

Iran war, rising gas prices fuel economic concerns; most say conflict not going well, don’t want regime left in power, CBS News poll finds

When gauging a war, Americans consider at least two important things: what the goals are overseas and its impact back home. Right now, Americans want a lot of things to happen in Iran: Most feel it’s important to stop its nuclear program, ensure the Iranian people are free, and, now that the conflict is underway, … Read more

Goldman Sachs warns of spike in unemployment, slowed economic growth from Iran war

Since the start of the Iran war, gas prices have increased by 27%, and diesel prices have increased by 34%. Justin Wolfers, professor of public policy and economics at the University of Michigan, joins to examine the potential impact of the war on the overall economy. Source link

Cuba will allow nationals living abroad to invest in and own businesses on the island, economic czar tells NBC News

HAVANA — Cuban nationals living abroad in places such as Miami will be allowed to invest in the private sector and own businesses in their homeland, the country’s economic czar has told NBC News in an exclusive interview. Oscar Pérez-Oliva Fraga, Cuba’s deputy prime minister, said that a “blockade” by the United States is hampering … Read more

Trump economic adviser Kevin Hassett says of Iran war funding: “Right now, we’ve got what need”

White House National Economic Council Director Kevin Hassett told “Face the Nation with Margaret Brennan” that so far, the war with Iran has cost $12 billion, adding that “right now, we’ve got what we need” on funding as lawmakers are preparing for a possible supplemental funding request from the White House. Source link

Iran war threatens to erase the economic bump from bigger tax refunds

Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in the tax code. Already, U.S. households have received an average federal tax refund of $3,742, according to IRS data as of Feb. 27. That’s about 10.6% higher than the average refund was … Read more