NEW YORK (AP) – The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle East.
HONG KONG (AP) – A subsidiary of a Hong Kong-based company that has lost control of two critical ports on the Panama Canal said it is seeking $2 billion of compensation in damages from Panama over its “illegal” takeover of the ports.
American consumers pulled back their spending to start 2026, extending the malaise in retail sales that began late last year. Retail sales fell 0.2% in January, following a flat reading in December, according to the Commerce Department’s report issued on Friday. January’s figure came in below the forecasts of economists, who were expecting another flat reading.
March 2 – The Washington Post says DHS remains unfunded despite heightened terror threat. As America’s conflict with Iran continues, the Department of Homeland Security is warning law enforcement about the heightened risk of lone wolf attacks. Yet the agency tasked with keeping Americans safe – remains unfunded.
LONDON (AP) – German media group Axel Springer has agreed to buy the owner of Britain’s Daily Telegraph newspaper for 575 million pounds ($766 million), the companies announced Friday. The agreement ends a long saga over ownership of the Telegraph Media Group, which publishes the 171-year-old, conservative-leaning Daily Telegraph.
WASHINGTON (AP) – The U.S. issued a license Friday that authorizes dealings with Minerven, Venezuela’s state-owned gold mining company, in the latest sign of the Trump administration’s intent to exercise more control over that country’s natural resources.
FRANKFURT, Germany (AP) – The U.S. Treasury Department’s decision to allow India to buy Russian oil for 30 days underscores a boost for Moscow’s fortunes against the backdrop of the Iran war as Russia’s oil exports help Kremlin pay for its own war on Ukraine.
WASHINGTON (AP) – American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain. The unemployment rate blipped up to 4.4%. Hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs, the Labor Department reported Friday.
PORTLAND, Maine (AP) – Maine’s catch of lobsters declined for the fourth straight year, state fishing regulators said Friday, as the industry continued to grapple with soaring business costs, inflation and a changing ocean.
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