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Third Order Effects Begin: U.S. Airlines Hike Bag Fees As Jet Fuel Prices Spike
Third Order Effects Begin: U.S. Airlines Hike Bag Fees As Jet Fuel Prices Spike
The New York Harbor jet fuel benchmark has doubled in just five weeks as the aviation fuel crisis spreads from airport to airport worldwide following ongoing disruptions at the Hormuz chokepoint. The third-order effects of that energy shock began to materialize this past week, with major U.S. airlines raising checked-bag fees to offset soaring fuel costs.
United Airlines and JetBlue Airways, two major U.S. carriers, raised checked-baggage fees for domestic travel this week as they begin...
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Mar 6, 2026 / Tyler Durden
Jobs Shock: US Lost 92K Payrolls In February, Far Below Lowest Estimate, As Unemployment Rate Rises
Jobs Shock: US Lost 92K Payrolls In February, Far Below Lowest Estimate, As Unemployment Rate Rises
In our nonfarm payrolls preview, we quoted JPMorgan's Market Intel desk which said that "for this print, the stronger the better", which by implication means that a poor number would be bad. By that logic, the actual number couldn't be any worse, because moments ago the BLS reported that in February, the US lost 92,000 jobs, a huge drop from the downward revised (of course) 126K in January, and the second worst print since 2020...
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Mar 11, 2026 / Dave DeCamp
Report: US and Its Mideast Allies Have Fired More Than 1,000 Patriot PAC-3 Interceptors in Iran War
The US and its Middle East allies have already fired more than 1,000 PAC-3 interceptors using the US-made Patriot air defense system since the US and Israel launched the war with Iran on February 28, according to a report from Bloomberg. Lockheed Martin currently produces PAC-3 interceptors at a rate of about 600 per year, […]
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Mar 9, 2026 / Ron Paul
Will the Dollar be a Casualty of the Iran War?
President Trump’s unconstitutional and unjust war against Iran is setting back his “affordability” agenda. The war has caused a big rise in gasoline prices. Among the related concerns is the hindering of the movement of oil through the Strait of Hormuz, the only available passage for ships to transport oil from the Persian Gulf The […]
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