Strait of Hormuz
Goldman Cuts US Recession Odds to 15% as Oil Retreats, but Warns of Hawkish Fed and Stretched AI Valuations
Goldman Sachs has lowered its 12-month US recession probability to the long-term norm of 15 percent following a US-Iran agreement that pulled energy...
Goldman Sachs Strategist Warns Drained Oil Inventories Will Keep Prices Elevated Long After Hormuz Reopens
A sharp drawdown in global oil inventories has left the market without its usual shock absorber, and Goldman Sachs strategist Ephraim Sutherland says...
California Exports Climb 7.7% in April, But Gains Reflect Pre-War Orders, Beacon Economics Says
California’s merchandise exports posted a solid year-over-year gain in April even as the state ceded ground to Texas on both sides of the...
Allen Matkins/UCLA Anderson Survey Finds CRE Distress Has Peaked as Deals Close Despite War-Driven Rate Spike
The Summer 2026 Allen Matkins/UCLA Anderson Forecast survey of California commercial real estate sentiment found that industry distress has peaked and transactions are...
California Exports Climb 4.2% in March as Persian Gulf War Rattles Trade Outlook
The state’s first-quarter export gains mask deeper turbulence as fuel costs surge, Gulf shipments collapse, and California’s share of national export trade slips...
U.S. Economy Faces Latest Supply Shock as Iran Oil Disruption Tests Fed’s Inflation Resolve
UCLA Anderson Forecast projects 2 percent GDP growth and headline inflation climbing to 4 percent by year-end as AI investment and fiscal stimulus...
