In other news, "Meghan Markle Shares New Photo of Daughter Lilibet, Taken by ‘Papa Sussex,’ to Celebrate International Women’s Day."
From MarketWatch, March 7:
President Trump calling for an ‘unconditional surrender’ by Iran didn’t help oil markets Friday
U.S. and global benchmark prices on Friday tallied their largest weekly gains on record. Another week like that would lift prices very close to their all-time highs — and invite talk of an economic doomsday.
The price of oil can have far-reaching effects on the global economy — from gasoline, jet fuel, utility and manufacturing costs, to inflation, consumer spending and employment.
Higher prices can increase inflation, negatively impact consumers’ purchasing power and slow economic growth, said Katy Kaminski, chief research strategist and portfolio manager at investment adviser AlphaSimplex. Higher inflation can, in turn, complicate monetary policy, she noted, which can then directly influence things like economic growth and employment....
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