American airlines that have been smarting from airport security lines are about to be shocked again. Subscribe to read this story without ads Get ad-free articles and exclusive content. A global jet fuel shortage is expected to drive up air travel costs and reduce flight times, as airlines look to cut rising prices. On Monday, … Read more
The SPDR S&P 500 ETF (SPY) is down 7% year-to-date through March 30, 2026, while the VIX rose to 30.61 as energy shocks driven by WTI crude oil above $100 a barrel threaten to reverse inflation. Core PCE inflation reached 128.394 in January 2026, its highest figure in 12 months, while the yield of the … Read more
But under the headline image there is a more complex reality: strong growth, high profits, however much of the speed is uneven, concentrated, and partly destroyed by currency fluctuations. A new report by McKinsey & Company shows that the banking sector in Africa generated about $99 billion in 2024 and is estimated to reach about … Read more
Last week, President Donald Trump made two ridiculous moves on Iran. He began by threatening to “destroy” Iran’s energy plants unless the Strait of Hormuz was safely opened. He gave a deadline of 48 hours. Then, before that deadline came, Trump backed down. But minutes before he did, the oil markets saw a huge spike … Read more
Canada’s economy grew by 0.1% month-on-month in January The preliminary estimate shows growth in February to be around 0.2% Growth in January was led by manufacturing industries Service industries stand out as real estate contractors OTTAWA, March 31 (Reuters) – Canada’s economy grew modestly in January, with monthly output rising slightly as strength in many … Read more
Market_Recon_TSP1_KL “A true leader always has something mysterious, which others cannot understand, but which keeps his people happy and breathing.” – President Charles de Gaulle of France Take it twice Your favorite businessman, investor, economist, infantry NCO, hockey player and financial writer are enjoying a meal with someone special on Monday evening. He passed Wawa … Read more
There seems to have been a change in vibe in the US housing market over the past six months. What started in places like Austin, Texas with falling rents and home prices, seems to have spread to other parts of the country. As you can see in the table below, Austin isn’t the only one … Read more
Source: JP Morgan via Marketwatch In normal times, about 20 percent of the world’s oil production passes through the Strait of Hormuz. That flow has been cut off except for Iranian oil and a few other ships that the Iranians allow through. This disruption has led to a significant increase in oil prices in the … Read more
Inflation fears are driving bonds now, financial fears are likely to follow High security costs, chargebacks and the potential impact of shortages Rising inflation and environmental risks pose future threats March 31 (Reuters) – Inflation risks have pushed Treasury yields higher since the US-Iran conflict fueled energy prices. Now another threat to the health of … Read more
China’s shipbuilding activity has grown with a wave of new yards and major expansion across shipbuilding groups, the largest capacity growth in years, according to the latest 181-page survey of the shipbuilding market by supplier BRS Group. China has reached a market share of orders of 70.9% by the end of 2025, up from 66.7% … Read more