Bloomberg Politics

What A $100-Per-Barrel Oil Spike Does To The Global Economy

Mar 10, 2026Center

On the Big Take podcast, Stacey Vanek Smith and Javier Blas discuss why the global economy is so sensitive to oil price spikes — and how long the impact of even a brief spike can last. (Source: Bloomberg)

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Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

New York Post

3 hours ago

Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

President Trump is ramping up pressure on the industry to lower gas prices ahead of November’s midterm elections.

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James Carville breaks with famous ‘It’s the economy, stupid’ slogan because of Trump

Latest Political News on Fox News

3 hours ago

James Carville breaks with famous ‘It’s the economy, stupid’ slogan because of Trump

James Carville says his famous 1992 catchphrase "It's the economy, stupid" now haunts him because of what he calls Trump's corruption today.

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MAMDANI’S NYC: Con Edison Shuts Off Power to 10,000 Customers in Queens as Temps Soar Over 100 Degrees

The Gateway Pundit

9 hours ago

MAMDANI’S NYC: Con Edison Shuts Off Power to 10,000 Customers in Queens as Temps Soar Over 100 Degrees

Mamdani's New York City. The post MAMDANI’S NYC: Con Edison Shuts Off Power to 10,000 Customers in Queens as Temps Soar Over 100 Degrees appeared first on The Gateway Pundit.

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For allies and adversaries alike, America at 250 is a solid global citizen gone rogue

US news | The Guardian

12 hours ago

For allies and adversaries alike, America at 250 is a solid global citizen gone rogue

America has long stood for freedom and prosperity, but under Trump insults, threats and unpredictability have become the new norm. As the US marks its 250th anniversary, Guardian correspondents around the world report on how it is perceived elsewhereAmy Hawkins in Beijing Continue reading...

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Economist flags troubling signs in Trump's economy: 'Shouldn't be so excited'

Raw Story

Yesterday

Economist flags troubling signs in Trump's economy: 'Shouldn't be so excited'

A prominent economist on Thursday warned that President Donald Trump's economy has raised some concerns.Justin Wolfers, an economics and public policy professor at the University of Michigan, responded to a new report from the Department of Labor, which indicated the United States has added fewer jobs in June — just 57,000 jobs that month."Each month we just learn a little bit more about the economy," Wolfers said. "We've seen a few really, really good months, and it was a 'yabba dabba doo' moment. I was very excited. And what we see here is maybe we shouldn't be so excited. This is an economy that is not as hot as we might have thought a month ago. It's also not an economy that's sinking by any means — it's treading water; it's doing OK. Let's cross our fingers and try not to do anything wrong, and hopefully we'll keep it."For instance, Wolfers noted that the latest data showed there has been a decline in leisure and hospitality hiring at a time when several U.S. cities are hosting the World Cup, which he described as a "double whammy" for the economy. He also argued that every industry outside of healthcare showed signs of shrinking.

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“We’re Running Out of Oil”: The Lie Used to Support the Green Energy Agenda

The Gateway Pundit

Yesterday

“We’re Running Out of Oil”: The Lie Used to Support the Green Energy Agenda

In 1874, the state geologist of Pennsylvania, then the nation's leading oil producer, warned that the U.S. The post “We’re Running Out of Oil”: The Lie Used to Support the Green Energy Agenda appeared first on The Gateway Pundit.

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America’s birthday is opportunity to celebrate free market economy

BizPac Review

Yesterday

America’s birthday is opportunity to celebrate free market economy

June’s jobs report is a one-off following several months of very strong jobs days, and it doesn’t reflect the state of the underlying economy. Only 57,000 jobs were created […]

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'Volatile situation': Experts react as anemic job numbers pour in for Trump economy

Raw Story

Yesterday

'Volatile situation': Experts react as anemic job numbers pour in for Trump economy

If President Donald Trump was hoping for a good jobs report to boost his party's spirits, he didn't get it.As the latest survey results came in, economic reporters and other observers were quick to note that, while not every figure in the report was bad, it was well below what Wall Street had been hoping for."A disappointing jobs report," wrote Navy Federal Credit Union chief economist Heather Long on X. "The US economy added 57,000 jobs in June (below expectations of 115k). Hospitality jobs decline by -61k. Plus, April and May were revised lower by -74,000. The unemployment rate fell to 4.2% --> the lowest in a year, but mainly due to a big drop in people job hunting." Also rough, she noted, is that "Wages aren’t keeping up with inflation," only rising 3.5 percent vs 4 percent price increases.As the far-right financial site Zero Hedge put more bluntly, "The jobs print was below all but one forecasts."Wall Street Journal chief economic correspondent Nick Timiraos wrote, "The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June."Industry analyst account The Kobeissi Letter noted that "The unemployment rate fell to 4.2%, below expectations of 4.3%," but that "May's jobs number was also revised down by -43,000 jobs. The labor market remains in a volatile situation."

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What A $100-Per-Barrel Oil Spike Does To The Global Economy

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What A $100-Per-Barrel Oil Spike Does To The Global Economy

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