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Trump’s war in Iran is costing the U.S. economy 10,000 jobs a month, Goldman Sachs says

The bank sees the Iran-driven oil shock stripping 10,000 jobs a month from U.S. payrolls through year-end. Leisure, hospitality, and retail are hit worst.

By Nick LichtenbergMarch 26, 2026
Young woman looks at her computer looking stressed and holding a credit card
Gen Z’s credit scores are cratering — and Trump’s student loan crackdown is the biggest reason why
By Tristan BoveMarch 26, 2026
Wealthy New Yorker on phone
New York is home to 154 billionaires. Together they’re worth $975.7 billion—and some of them are even making $2 million an hour
By Emma BurleighMarch 26, 2026
A man walks by the dairy section at a supermarket in Houston, Texas, on March 17, 2026.
How badly the war in Iran is impacting your finances depends on where you live
By Eleanor PringleMarch 26, 2026
Current price of Bitcoin for March 26, 2026
Current price of Bitcoin for March 26, 2026
By Joseph HostetlerMarch 26, 2026
Latest Stories
startup team smiles in front of camera
CryptoExclusive: Megapot raises $5 million to create a crypto-powered global lottery
By Carlos GarciaMarch 26, 2026
Water storage construction on the Meta data center site in Holly Ridge, Richland Parish, Louisiana.
AIInside Meta’s chaotic AI boomtown in rural Louisiana
By Sharon GoldmanMarch 26, 2026
iran war
Real EstateHow a war in the Middle East is hiking your mortgage rate in America
By Jake AngeloMarch 26, 2026
Harvey CEO Winston Weinberg
Success30-year-old CEO of $11 billion Harvey earned the backing of OpenAI and Sam Altman. He says you have to ‘re-earn’ your role every 6 months
By Preston ForeMarch 26, 2026
NewslettersHow the youngest female CEO in the Fortune 500 navigates political turmoil
By Emma HinchliffeMarch 26, 2026
MPWInfluencer Alix Earle turned her worst insecurity into her first brand. This is her plan to monetize her 14 million followers and make it last
By Emma HinchliffeMarch 26, 2026
SuccessDuolingo CEO’s taxi driver test decides who gets hired—before the interview even starts
By Sydney LakeMarch 26, 2026
HealthSeed Probiotic Review (2026): Expert Tested and Approved
By Christina SnyderMarch 26, 2026
More EconomyPage 36 of 100
NewslettersFortune Archives: The Grape Depression
By Indrani SenDecember 21, 2025
J&J
LawJohnson & Johnson hit with another giant asbestos-talcum powder verdict: $65.5 million in Minnesota
By The Associated PressDecember 21, 2025
Photo of a car mechanic's hands fixing an engine
Future of WorkMeet a 55-year-old automotive technician in Arkansas who didn’t care if his kids went to college: ‘There are options’
By Muskaan ArshadDecember 21, 2025
EconomyTrump and his new handpicked Fed chair—whoever it will be—are going to clash ‘almost immediately,’ economists predict
By Jason MaDecember 20, 2025
Economy‘Everything is too expensive’: Meet a 67-year-old retiree in swing-district Pennsylvania who grades Trump an ‘F’ on the economy
By Steven Sloan and The Associated PressDecember 20, 2025
LawHow the ‘Reddit Detective Agency’ and surveillance technology helped find the suspect in the deadly Brown University shooting
By Matt O'Brien and The Associated PressDecember 20, 2025
EconomyTrump cut income taxes on tips and overtime, but many states—even some led by Republicans—haven’t done the same yet
By David A. Lieb and The Associated PressDecember 20, 2025
James Talarico stands behind a microphone and stares out into the crowd
EconomyJames Talarico says the biggest ‘welfare queens’ in America are ‘the giant corporations that don’t pay a penny in income taxes’
By Dave SmithDecember 20, 2025
Future of WorkGen Z is open minded about blue-collar work and the Fords of the economy need them — but both sides are missing each other
By Muskaan ArshadDecember 20, 2025
jewelry
Economy‘This year is just not a jewelry Christmas’: Meet a 64-year-old small businesswoman who’s seen her Main Street decline for the last decade
By Makiya Seminera and The Associated PressDecember 19, 2025
Bull
InvestingThe bulls are too bullish: Bank of America warns 200-plus fund managers just triggered a contrarian ‘sell’ signal
By Jim EdwardsDecember 19, 2025
Mark Zandi, chief economist at Moodys Analytics, during a Senate Budget Committee hearing in Washington, DC, US, on Thursday, May 4, 2023.
EconomySneaking unemployment rate means the U.S. economy is inching closer to a key recession indicator, says Moody’s
By Eleanor PringleDecember 19, 2025
Future of WorkThe new American Dream has parents easing up on college expectations for their kids: 35% are now open to trade school instead
By Sydney LakeDecember 19, 2025
EconomySoutheast Asian economies prove resilient in the face of Trump’s tariffs as supply chains expand
By Angelica AngDecember 19, 2025
Trump
PoliticsTrump was wrong about tariffs funding the ‘Warrior Dividend’ of $1,776—troops were already set to get the money
By Josh Boak, Michelle L. Price and The Associated PressDecember 18, 2025
President Donald Trump addresses the nation from the Diplomatic Room of the White House on December 17, 2025 in Washington, DC.
Economy‘This is a wacky number’: economists cry foul as new government data assumes zero housing inflation in surprising November drop
By Eva RoytburgDecember 18, 2025
Trump stands at a podium in the Diplomatic Reception Room, which is adorned with Christmas decorations.
PoliticsTrump says $1,776 ‘warrior dividends’ were made possible partly by tariff revenue, which still lags $100 billion behind what the White House expected
By Sasha RogelbergDecember 18, 2025
Trump
PoliticsState Department announces massive $10 billion arms sale to Taiwan, infuriating China
By Matthew Lee, Simina Mistreanu and The Associated PressDecember 18, 2025
AITop AI defense CEO sees China planning for a ‘very protracted conflict’ and the U.S. running out of weapons in 7 days
By Marco Quiroz-GutierrezDecember 18, 2025
Powell
EconomyInflation hits 2.7% in November, still above Fed’s 2% target but less than economists expected
By Paul Wiseman, Anne D'Innocenzio and The Associated PressDecember 18, 2025
small business
CommentaryOur data shows that companies of 500 and fewer workers mostly avoided the AI layoffs. They’re making AI work for them
By Gabby BurlacuDecember 18, 2025
kim jong un smiles for photo
CryptoNorth Korea stole a record amount of crypto—again: report estimates  its hackers’ 2025 haul at $2 billion
By Carlos GarciaDecember 18, 2025
Trump
EconomyThe American voter is angry about one thing above all and Trump’s tariffs are in the crossfire, Goldman’s chief political economist says
By Nick LichtenbergDecember 18, 2025
Intuit CEO Sasan Goodarzi says Gen Z is struggling with credit card debt as balances are at an all-time high.
Personal FinanceIntuit CEO says Gen Z is staving off recession by putting it on plastic: ‘Credit card balances are up 36-37%, but they still have jobs’
By Nino PaoliDecember 18, 2025
InnovationWe ‘don’t have enough manpower’ for the delivery boom, says Singapore-based robotics founder
By Angelica AngDecember 18, 2025
Trump
EconomyAfter Trump used prime-time speech to deny economic reality, his aides reassured him he did great
By Josh Boak and The Associated PressDecember 18, 2025
Zohran
EconomyMamdani gets 74,000 resumes in sign of New York City’s job-market misery
By Georgia Hall and BloombergDecember 17, 2025
U.S. President Donald Trump speaks during a roundtable discussion with top business leaders in the Roosevelt Room at the White House on December 10, 2025 in Washington, DC. During the roundtable, Trump addressed questions on the Federal Reserve’s latest decision to cut interest rates and reports that the U.S. seized an oil tanker off the coast of Venezuela, among other topics.
EnergyA U.S. oil blockade on Venezuela could ‘devastate’ its economy and further pressure Maduro. But how far is Trump willing to take it?
By Jordan BlumDecember 17, 2025
Trump
EconomyTariffs take a bite out of mom-and-pop stores as small business profit growth turns negative for first time in 18 months, BofA says
By Nick LichtenbergDecember 17, 2025
Trump points his finger into the crowd from behind the presidential podium
Big TechThe Trump administration says it could go after Spotify if Europe doesn’t back off American tech companies
By Dave SmithDecember 17, 2025
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