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Airfares Will Stay High Even if Jet Fuel Prices Drop

Key Points: Airlines increased ticket prices by 20% per mile as the war in Iran doubled jet fuel costs. Delta Airlines faces a massive $2 billion increase in fuel expenses for the current quarter alone. Travel demand remains completely strong, giving airlines a clear reason to keep fares permanently high. Lawmakers accuse airline executives of...

Big Tech Earnings Week Will Test the Recent Stock Market Rally

Key Points: Five major technology companies will report their first-quarter earnings this week to justify a massive market rally. Alphabet, Amazon, Microsoft, and Meta plan to spend a combined $649 billion on artificial intelligence during 2026. The Magnificent Seven group expects 19% earnings growth, compared with just 12% for the broader market. High spending on...

Mixed Signals From the American Consumer Leave Experts Completely Confused

Key Points: Consumer sentiment crashed to 47.6, marking the lowest confidence score in the survey's 74-year history. The war in Iran pushed gas prices up by 40%, draining $140 billion from household incomes. Core retail sales ignored the gloomy mood and grew by 4.6% year-over-year in March. Major CEOs report that shoppers continue to buy...