China rolls out over 1,000 cargo ships a year, while the U.S. – maybe three. The Trump administration has called this a crisis with both economic and national security risks. Source link
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
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
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
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
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
The ongoing war in Iran is driving up more than just the cost of oil. With essential crop fertilizers also caught in the crossfire, U.S. food prices could be next. About one-third of the world’s fertilizer ingredients — key inputs farmers rely on to grow the crops that become everyday food items — transit through … Read more
New government economic data shows that U.S. economic growth was significantly weaker in the final three months of 2025 than previously reported. The nation’s gross domestic product — the total value of goods and services produced in the U.S. — expanded at a meager 0.7% annual pace in the fourth quarter, the Commerce Department said Friday. That … Read more
Plus, violence rocks a Virginia university and a Detroit-area synagogue, and a new kind of betting pool is taking over Oscar parties. Source link
Nearly 6 in 10 voters say the economic and political systems are stacked against people like them, tying a record high over roughly 40 years of national NBC News polling. According to the latest NBC News survey, 59% of registered voters agreed that those systems are stacked against them, while 38% disagreed with that sentiment … Read more