"Wouldn't Call That A Surprise": Delta Slashes Profit Outlook As Jet Fuel Prices Near Record Highs

Why Rent Control Fails: Lessons From New York To Portland Authored by Tom Wilson via The Mises Institute, Housing costs in New York City have reached a level that many people can no longer afford. The response has been to push for more control—limits on rent increases and expanded tenant protections. The intention is clear. However, housing markets respond to incentives, not intentions. Under Zohran Mamdani, New York City is moving further in that direction. The focus is on limiting rent increases, expanding tenant protections, and increasing the role of government in the...

Wholesale Gas Prices Are Reaching Consumers Faster, ECB Says By Michael Kern of OilPrice.com The surge in wholesale natural gas prices is set to pass through the retail and electricity inflation in the Eurozone faster than in the past, the European Central Bank (ECB) said in its Economic Bulletin on Monday. While the pass-through is faster and can manifest in the inflation numbers within one to three months for most Eurozone members, the pressure on electricity prices has been lower so far in 2026 compared to 2022, partly due to the higher...

UN Maritime Boss Warns Ships To Avoid Hormuz As Transits Continue The International Maritime Organization warned Wednesday that the Strait of Hormuz remains too dangerous for commercial shipping, even as vessels continue to transit the narrow waterway. US Central Command said its latest round of strikes against Iranian coastal military targets concluded early Wednesday. Tehran retaliated with missile and drone attacks against US-allied Gulf states while continuing to disrupt some maritime traffic through the strait. Yet commercial ships are still transiting, suggesting Iran's ability to fully weaponize the maritime chokepoint is...