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Arko reports declining retail fuel sales amid Middle East conflict
Arko saw gasoline sales fall sharply during the first quarter as escalating conflict in the Middle East disrupted oil markets.
US consumer sentiment hits record low in early May
U.S. consumer sentiment dropped to a record low of 48.2 in early May, driven by higher gasoline prices and concerns over household finances, according to the University of Michigan survey.
Annual US inflation posts biggest gain in nearly 3 years in March
U.S. inflation accelerated in March with a 3.5% annual rise, driven by gasoline price surges amid the Iran war, impacting Federal Reserve rate outlook.
CarMax posts quarterly loss on goodwill charge, weak used-car demand
CarMax posted a quarterly loss due to a $141.3 million goodwill charge and declining used-car margins amid soft demand and rising gasoline prices.
US labor market posts largest jobs gain in 15 months, but clouds brewing from Iran war
U.S. job growth rebounded by 178,000 in March, lowering the unemployment rate to 4.3%, despite rising risks from the conflict with Iran and economic uncertainty.
US consumer inflation steady before Iran conflict drives up oil prices
U.S. consumer prices rose moderately in February with steady rents and rising gasoline costs before the Iran conflict escalated oil prices. Inflation remains steady but geopolitical risks loom.
