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NZ business confidence slumps as Hormuz disruptions weigh on outlook and demand

NZ business confidence slumps as Hormuz disruptions weigh on outlook and demand

NZ business confidence fell sharply in Q1 as Hormuz disruptions lifted uncertainty. Activity held steady but hiring and investment weakened. Inflation pressures remain contained, with RBNZ still expected to begin tightening later this year. New Zealand Q1 business confidence -4% vs 48% prior New Zealand Q1 capacity utilisation 91.2% vs 89.8% prior Summary: Business confidence […]

Airlines hike fares and bag fees as jet fuel prices surge amid Iran war

Airlines hike fares and bag fees as jet fuel prices surge amid Iran war

Horizon Investments CIO Scott Ladner and economist John Lonski discuss market reactions to the war in Iran and first-quarter earnings on ‘Mornings with Maria.’ Americans who will be traveling this summer could see the cost of their summer vacations jump due to the spike in jet fuel prices. The energy market has seen increased volatility […]

LARRY KUDLOW: Banking, blockading, and the final Iranian financial squeeze

LARRY KUDLOW: Banking, blockading, and the final Iranian financial squeeze

Last week Treasury Man Scott Bessent unveiled Operation Economic Fury to put maximum financial pressure on the hoodlums running the Islamic Revolutionary Guard Corps. I’d like to give that economic fury some more visibility, because I think blockading Iran ports, which will keep the regime out of the money, along with a banking freeze, are […]

Dodgers Place Edwin Díaz On IL With Right Elbow Loose Bodies

Dodgers Place Edwin Díaz On IL With Right Elbow Loose Bodies

The Dodgers announced that right-hander Edwin Díaz has been placed on the 15-day injured list with right elbow loose bodies. He will undergo some kind of procedure, per Fabian Ardaya of The Athletic, but no further details on that are available at the moment. Left-hander Jake Eder has been recalled to take his spot on […]

IEA calls for Iraq-Turkey pipeline to bypass Hormuz and boost Europe’s energy security

IEA calls for Iraq-Turkey pipeline to bypass Hormuz and boost Europe’s energy security

IEA chief backs a Basra-Ceyhan pipeline to bypass Hormuz, boost Iraq export resilience and strengthen Europe’s energy security, as Turkey pushes broader ambitions to become a regional oil and gas transit hub. Summary: IEA chief backs Basra–Ceyhan pipeline to bypass Hormuz chokepoint Iraq heavily reliant on Hormuz for ~90% of oil exports Project seen as […]