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The Labor Department’s latest Job Openings and Labor Turnover Survey (JOLTS) shows that job openings dropped by 358,000 to 6.882 million in February, the smallest tally since 2020 and well below the forecast of 6.918 million. February’s hiring figures also slipped, with 4.8 million workers hired—the lowest monthly total since March 2020. The quit rate fell to 1.9%, equating to roughly three million workers leaving their jobs, indicating growing reluctance to switch employers. Consumer confidence is eroding in tandem. A University of Michigan survey released in March recorded a 6% year‑over‑year decline and a 5.8% drop from the previous month, pushing sentiment to its weakest point since December. Economist Heather Boushey of the University of Pennsylvania linked the sentiment dip to President Donald Trump’s second‑term policies, noting that “people are getting super frustrated with Trump’s economy.” Senior fellow Michele Evermore of the National Academy of Social Insurance warned that the modest decline in quits “indicates that workers continue to have a pessimistic view of their chances on the open market,” and urged state governments to bolster unemployment systems as a counter‑cyclical buffer. Policy uncertainty is a key driver. Since his re‑election, Trump has pursued aggressive tariffs, some of which were recently blocked by the Supreme Court’s decision that the International Emergency Economic Powers Act cannot be used for that purpose, leaving the tariff regime in flux. Compounding the trade dispute, the U.S. involvement in the February 28 attack on Iran sparked a regional war. Iran’s retaliation—shutting the Strait of Hormuz—has tightened global oil supplies, pushing U.S. gasoline prices to $4.018 per gallon, up more than a dollar from the previous month. Federal Reserve Chair Jerome Powell cautioned that the economy faces a “zero‑employment‑growth equilibrium” with downside risks, while the central bank has so far kept interest rates steady and will announce its next policy decision in late April. Private, non‑farm payroll growth has also slowed, averaging just 18,000 jobs per month over the three months ending February, underscoring the tepid demand for new labor. Despite the labor market gloom, equity markets rallied during midday trading on Tuesday, with the Dow Jones Industrial Average up 1.9%, the Nasdaq climbing 3.4%, and the S&P; 500 gaining 2.3%.

President Donald Trump is reportedly weighing a request for Arab countries to fund the U.S.–Israel war on Iran, White House spokesperson Karoline Leavitt told reporters on Monday. Leavitt said the president is "quite interested" in calling on regional partners to share the expense.The idea mirrors the financing arrangement of the 1990‑91 Gulf War, when a coalition of Arab and Western nations covered roughly 88% of the $61 billion cost, leaving the United States to foot only about 12%.Trump also hinted that, even if the Strait of Hormuz remains closed, other export‑dependent partners should manage the crisis. The strait carries about 20% of the world’s oil and LNG shipments; its shutdown has pushed Brent crude to **$116 per barrel**, up from pre‑war levels near **$65**.Iran, meanwhile, has demanded that the United States pay reparations to Iranian victims as a precondition for any cease‑fire.So far, there is no clear commitment from Gulf Cooperation Council (GCC) members—countries that have themselves been hit by Iranian strikes—to finance the conflict. Analysts estimate the total bill could run into tens of billions of dollars, though exact figures remain uncertain.Experts note a shift in regional attitudes: GCC states opposed the war before it began and continue to call for diplomacy, according to Zeidon Alkinani of the Arab Perspectives Institute. He added that Israel appears to be the primary driver pushing the United States into the confrontation.History shows the United States has repeatedly sought external funding for wars it leads. During the Gulf War, Saudi Arabia contributed $16.8 billion (27% of total costs) and Kuwait $16 billion (26%). Japan, Germany, the UAE and South Korea also supplied sizable sums.Post‑World War II, the U.S. administered the Marshall Plan, providing over $13 billion to rebuild Europe, while Germany and Japan paid reparations and later funded the upkeep of U.S. bases—about $1 billion annually each.In the ongoing Ukraine war, the United States once delivered the largest aid package—€114.64 billion (≈$134 billion) by mid‑2025. Since Trump returned to office in 2025, he has withdrawn **99% of U.S. support**, shifting the financial load to European allies and turning the U.S. into a major arms supplier, with weapons sales reaching a record **$318.7 billion in 2024**. Recent deals, such as a $10 billion weapons package for Ukraine financed by European partners, illustrate this new model.These precedents underscore a pattern: when U.S. leadership faces costly overseas engagements, it often looks to allies—especially those with strategic interests—to share or assume the fiscal burden.

The average price of fuel in the US has surpassed $4 per gallon for the first time in four years, reaching $4.02 per gallon nationwide, according to AAA data. This significant increase comes as the conflict between the US and Iran continues to escalate, boosting oil prices and putting pressure on drivers.On the west coast, drivers are facing even higher prices, with California averaging $5.89 per gallon and Washington state averaging $5.35 per gallon. The surge in oil prices has been driven by the Brent crude price hitting $115.48 per barrel, a global benchmark for oil prices.President Donald Trump has faced criticism for his handling of the situation, with many arguing that the rising fuel prices will hurt his chances in the upcoming midterm elections. In response, Trump has tried to downplay the impact of higher oil prices, claiming that the US will benefit as a whole due to its status as the largest oil producer in the world.However, Trump has also acknowledged that fuel prices will likely drop once the conflict with Iran is resolved. The president plans to withdraw US forces from the war "at some point," but emphasized that other countries will need to take on more responsibility to address the situation.

The Financial Conduct Authority (FCA) will unveil the final terms of its compensation scheme for the UK car finance scandal on Monday, providing clarity for millions of drivers who may be eligible for payouts. The scheme, which is expected to cost around £11bn, will offer redress to drivers who were overcharged for loans as a result of controversial commission payments between lenders and car dealers.The FCA's proposal, outlined over 360 pages, suggests that 14m motor finance agreements will be affected, with individual compensation payouts averaging around £700. However, some groups have argued that this amount is too low, and that consumers could be due £1,500 or more.The car loan providers most impacted by the scheme include Lloyds Banking Group, Santander, Barclays, and Close Brothers. These companies have been lobbying against the FCA's proposals, arguing that they are too generous and could disrupt the car finance market.The FCA's scheme aims to draw a line under the car finance scandal, but there are concerns that it could be circumvented or delayed by aggrieved parties. Some lenders and claims law firms have signaled that they may consider legal action against the FCA's final proposals.

Mercedes' dominant performance in the Formula One world championship has led to a unique situation where teammates Kimi Antonelli and George Russell are free to race each other without team orders. Team principal Toto Wolff confirmed that the two drivers are 'absolutely off the leash' to compete against one another, with the goal of continuing to provide them with a competitive car.Antonelli, 19, has taken the lead in the championship after winning the Japanese Grand Prix, his second consecutive victory. He now leads Russell by nine points, with Russell managing only fourth place in the recent race. Despite this, Wolff emphasized that there is no plan to implement team orders unless necessary towards the end of the season.Wolff explained, 'We're three races in, the car is good so we need to continue to do our job and give them a tool that they can continue to win or fight for the positions.' He added that the team will reassess the situation towards the end of the season to determine if any action needs to be taken.Russell, who won the opening round in Australia, has faced some challenges in the subsequent races. He cited mechanical issues and bad luck, including a safety car timing that didn't favor him. However, he remains optimistic about bouncing back stronger in the next race in Miami.Russell stated, 'At the moment, it is just one thing after the other. Racing can go for you, but it can also go against you too.' He expressed confidence in his abilities, saying, 'I know I have got what it takes to bounce back. I won't dwell on it.'

Kimi Antonelli, driving for Mercedes, secured a historic victory at the Japanese Grand Prix, becoming the youngest driver in Formula One history to lead the world championship standings at just 19 years old.Antonelli's win was marked by a remarkable recovery from a poor start, where he initially dropped to sixth place. However, a mid-race safety car, triggered by a crash involving Haas driver Ollie Bearman, allowed Antonelli to gain a crucial advantage. He capitalized on the opportunity by pitting immediately after the safety car deployment, emerging at the head of the pack.As the race concluded, Antonelli expressed his delight, telling his team, "The pace was unbelievable today." He crossed the finish line ahead of McLaren's Oscar Piastri and Ferrari's Charles Leclerc, with his teammate George Russell finishing fourth.This victory marks Antonelli's second consecutive win, following his first Grand Prix victory two weeks prior in China. The 19-year-old Italian's championship lead after just three races underscores his impressive performance in the early stages of the season.Other notable performances included Lando Norris of McLaren in fifth place, and Max Verstappen, who finished eighth after starting from 11th on the grid. The Formula One season will now take an extended break until the Miami Grand Prix on May 3, with the Bahrain and Saudi Arabia races canceled due to the ongoing conflict in the Middle East.

Formula One drivers and leading figures have urged immediate action to address safety concerns in the sport following a massive crash involving Oliver Bearman at the Japanese Grand Prix. The incident, which Bearman described as 'scary,' has highlighted the potential dangers of the sport's new regulations, which allow for large closing speeds between cars.Bearman, a British driver, was involved in a huge accident at the Japanese Grand Prix after he had to swerve to avoid hitting Franco Colapinto's car, which was going relatively slowly. The crash resulted in a 50G impact and could have had severe consequences. However, Bearman escaped with only bruising.The Haas team principal, Ayao Komatsu, agreed that Bearman had a lucky escape, stating, 'Yes, it could have been a lot worse.' He emphasized that safety should always be top of the list and that the incident cannot be ignored.The world champion, Lando Norris, had previously warned that the new regulations posed a risk to the sport. His McLaren team principal, Andrea Stella, had also highlighted the potential danger before the season began during testing.After the accident, Carlos Sainz of Williams was unequivocal that action had to be taken, stating, 'We've been warning them about this happening.' He emphasized that the current regulations create massive closing speeds and a safer way of racing is needed.The FIA has confirmed that the regulations will be reviewed before the next round in Miami in five weeks. A number of meetings are scheduled in April to assess the operation of the new regulations and determine whether any refinements are required.

Kimi Antonelli, driving for Mercedes, dominated the Japanese Grand Prix to become the youngest driver to lead the Formula One world championship at just 19 years, six months, and 28 days old. Antonelli's victory was marked by a confident drive, where he overcame a difficult start to secure a second consecutive win. He started from pole but dropped to sixth at the start, only to regain the lead after a well-timed safety car period gave him a free pit stop. Oscar Piastri of McLaren finished second, 13.722 seconds behind, with Charles Leclerc of Ferrari taking third place. Meanwhile, George Russell, Antonelli's teammate, had a challenging race, finishing fourth but now trails Antonelli by nine points in the championship standings. The race was not without incident; a major crash involving Oliver Bearman resulted in a safety car deployment, which proved pivotal in Antonelli's victory. Bearman, who was lucky to escape uninjured, suffered a 50G impact and was taken to the medical centre with a right knee contusion. Antonelli's performance not only secured his second win of the season but also marked a significant milestone in his career, as he broke Lewis Hamilton's record as the youngest driver to lead the championship since 2007.

Max Verstappen, the Dutch Formula One driver and four-time world champion, expressed his frustration with his Red Bull car after qualifying 11th for the Japanese Grand Prix. The car has been struggling with new regulations that split power 50-50 between conventional and electrical sources.Verstappen described the car as 'undriveable', citing issues with turning mid-corner and oversteering on entry. 'The car never turns mid-corner, but at the same time this weekend, it's just oversteering a lot on entry. It's really difficult, unpredictable,' he told Sky Sports F1.In contrast, Kimi Antonelli of Mercedes secured pole position with a fastest lap of 1min 28.778sec, followed by teammate George Russell and McLaren's Oscar Piastri. Antonelli, 19, became the youngest pole-sitter in F1 history two weeks ago in China and has now secured back-to-back poles.Russell, who leads the early championship standings, was 0.298sec behind Antonelli and acknowledged struggling with his car during qualifying. 'I've been really comfortable with the car this whole weekend, it's just in qualifying something didn't quite feel right,' he said.The Japanese Grand Prix promises to be an exciting race, with Mercedes showing dominant form in dry conditions at Suzuka. Verstappen, who has won at Suzuka for the past four years, will look to bounce back from a difficult start to the season.