Economic News

NYC Office Real Estate Rises Under Socialist Mamdani

New York City's office market is, surprisingly, showing signs of strength - even as concerns grow that Mayor Zohran Mamdani's policies could accelerate a longer-term corporate exodus from the nation's financial capital, CNBC reports.

US Service Sector Cools Amid Signs of Inflation

U.S. services sector growth slowed in March, while prices paid by businesses for inputs climbed to near a 3-1/2-year high, an early sign that the prolonged war with Iran was boosting inflation pressures.

US Gas Average Hits $4.12 as Calif. Nears $6 a Gallon

Gas prices are climbing nationwide, with the US average at $4.119 per gallon while California drivers are paying nearly $5.93 per gallon, according to AAA.

Dimon: Iran War May Drive Inflation, Interest Rates Higher

JPMorgan Chase CEO Jamie Dimon warned Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push interest rates higher than the market now expects.

Germany's Economy Is Running on Wear and Tear

If anyone still needed a concrete figure to illustrate the dramatic state of the German economy, the Federal Statistical Office has now delivered it. The country's investment ratio is negative, as depreciation exceeds nominal investments. Slowly but surely, the lights are...