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NPR's Steve Inskeep speaks with energy analyst John Kilduff about the global release of more than 400 million barrels of oil, and its impact on global energy markets and U.S. gas prices.
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A year ago, eggs were the poster child for runaway grocery prices. But egg prices have fallen sharply in the last 12 months.
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Prices of Brent crude oil, the international benchmark, have surged past $100 a barrel, as traffic is nearly halted through the Strait of Hormuz, off Iran, which carries about 20% of the world's oil and liquified natural gas.
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War chokes the Strait of Hormuz, leaving hundreds of oil tankers and container ships stranded and raising alarms of a looming global energy shock and food shortages across the Gulf and beyond.
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President Trump has embraced apprenticeships as a solution for workforce needs. But many doubt the money invested so far will be enough to reach Trump's goal of 1 million apprenticeships.
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Oil shot to its highest price since 2023 after surging again because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street's worst week since October.
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U.S. Customs told the trade court it aims for a streamlined process in 45 days to return importers' money without requiring individual lawsuits.
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Gas prices are climbing again, and the newest jobs report shows the labor market is losing momentum.
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The job market showed further signs of weakness last month as employers cut 92,000 jobs. The unemployment rate inched up to 4.4%, from 4.3% in January.
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The Strait of Hormuz could become a pinch point in the conflict that could disrupt energy markets, but also see surges in prices of other products, such as plastics.
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When the Supreme Court struck down many of President Trump's tariffs, it left importers wondering how long they'd have to wait to get their money back. Hedge funds are offering to help out.
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Oil prices are up and stock prices are down, as financial markets react to the U.S. war with Iran.