Persistent conflicts, high energy costs and technological upheavals will slow global growth and raise prices, the organization forecast.
Oct 13, 2026
Oct 12, 2026
Oil prices rose Monday, after the Iranian-backed Houthis launched attacks on two airports in Saudi Arabia over the weekend. Brent Crude, the international benchmark, closed at nearly $106 per barrel as of late Monday afternoon, up roughly $1.20 from closing time Friday. The price of Brent Crude peaked at $107.33 earlier in the day. West...
Delta Air Lines said Monday it will postpone the launch of its flight service from Atlanta to Riyadh, Saudi Arabia, after the Iran-backed Houthi rebels launched deadly attacks on the latter city’s King Khalid International Airport. Citing “evolving developments in the region,” Delta said in a release it was delaying the launch until March. The...
STOCKHOLM (AP) — American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics Monday for their work on models that have helped governments and central banks manage economic shocks, such as energy crises and inflation. The Royal Swedish Academy of Sciences announced the winners in Stockholm, noting that their work...
Tech trillionaire Elon Musk gave $276 million to several Republican super PACs and organizations over the past three months, as the GOP faces headwinds ahead of the midterm elections. This brings the Tesla and SpaceX CEO’s total contributions so far to $366 million. A spokesperson for Musk’s America PAC confirmed the numbers to The Hill,...
The journey of one banana from farm to store shows how the war’s economic effects have cascaded into some surprising industries.
Frank Bisignano, the commissioner of the Social Security Administration (SSA), said Monday the program will last another 90 years. “This is a long journey. It’s 90 years old. It’ll be around for another 90 years,” Bisignano said on CNBC’s “Squawk Box.” The SSA will release its annual cost-of-living adjustment (COLA) on Wednesday, after the Bureau...
The war on terror taught the U.S. to fight individual terrorists, which left the military behind rival nations on the tech front, experts say.
Microsoft President Brad Smith says AI has fewer safety requirements than milk and washing machines, arguing in a BBC interview released Sunday that self-regulation is not "sufficient any longer." Smith acknowledged that the idea of government evaluators signing off on a product before its release "makes people nervous," particularly in the U.S. "But just remember,...
Former Vice President Kamala Harris on Sunday criticized President Trump’s diesel deal with Russia, saying it “reeks of weakness.” “Donald Trump and his war in Iran are to blame for our nation's sky-high diesel and gas prices. His latest ploy—buying fuel from his friend Vladimir Putin—reeks of weakness and will help pay for Russia’s war...
Oil analyst Patrick De Haan said Monday that President Trump’s deal with Russia to supply the U.S. and global markets with diesel fuel may not lower fuel prices. “On the policy front, the Trump administration’s proposed diesel deal raises more questions than it answers, and I remain skeptical that it will deliver significant relief to...