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The war in Iran could raise global food prices as the conflict disrupts fertilizer shipments through one of the world’s most critical trade routes. While energy markets have focused on oil supply risks, analysts say threats to fertilizer supply chains through the Straight of Hormuz may also bring long-term economic issues through food inflation. “Beyond energy, another risk receiving less attention is the potential knock-on effect on food prices, as fertilizer shortages push agricultural costs higher,” said Wolfe Research chief economist Stephanie Roth in a note written on Tuesday. Roth estimates the disruption could raise “food-at-home” inflation by roughly 2…

Oil is not the only commodity being upended by the Iran war. Disruptions to shipping in the Strait of Hormuz have also throttled flows of critical fertilizer products, and the result could be another dire hit to inflation that pushes up food prices globally. Skyrocketing oil prices have reignited inflation worries and recession fears. Like oil, fertilizer prices have surged as the war drags on, with shipping through the key waterway grinding to a halt. “Higher fertilizer costs will certainly contribute to higher prices at US supermarkets,” Chief Economist and Principal, RSM US LLP economist Joseph Brusuela said this week.…

My husband and I wanted space. We wanted to be off-grid.After years of traveling in a van, our wild hippie hearts wanted a place where we could build whatever we wanted, meditate outside in the sun, and feel inspired by natural, untouched land nearby.When we first visited Taos, New Mexico, we realized that this desert town — quirky, rural, spacious, and breathtaking — checked off everything on our list.In 2019, we bought an off-grid home about an hour outside Taos and moved in without a second thought.For 2 years, life in New Mexico was great Our off-the-grid lifestyle was amazing…

There’s a lot happening in the news right now. So it’s possible you’re not aware that the Oscars are happening this Sunday.It’s also possible that you wouldn’t be paying attention to the Oscars no matter what kind of news cycle we are in. The cultural footprint of what used to be a giant television event celebrating movies has been shrinking for years, for pretty obvious reasons: We are watching less TV, and spending less time going to the movies.But this year’s awards show does seem like it’s happening at a particularly newsworthy time for Hollywood, which has already been going…

2026-03-11T16:02:32.238Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app Loading audio narration… This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Every state in the US has an average regular gas price above $3 a gallon, according to AAA. Kansas, the last state to hold onto sub-$3 gas prices, rose on Wednesday morning, per the database. The national average price rose to $3.58 on Wednesday. Pain at…

Howard Schultz is the latest billionaire to bite the West Coast dust.The former Starbucks CEO — worth $6.6 billion, according to Bloomberg — is leaving Seattle, his home of 44 years, for Miami, he wrote on a LinkedIn post on Tuesday.”We are enjoying the sunshine of South Florida and its allure to our kids on the East Coast as they raise families of their own,” he said.Schultz, who transformed Starbucks from a local coffee chain to a global retailer, stepped down as the company’s CEO in 2023. Their nonprofit, the Schultz Family Foundation, will continue operating from Seattle, while his…

Former Starbucks chief executive Howard Schultz said in a LinkedIn post that he and his wife are moving from Seattle to Florida after more than four decades in the city, where he helped build the coffee chain into a global brand.His announcement comes as Washington state lawmakers advance a so-called millionaire tax that would levy a nearly 10% annual tax on personal earnings over $1 million. Schultz didn’t cite the wealth tax in his announcement, posted late Tuesday, about his planned move to Florida. But he wrote that he hopes Washington state “will remain a place for business and entrepreneurship to thrive, creating…

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty ImagesJPMorgan Chase is reducing its exposure to the private credit industry by marking down the value of loans held by the bank as collateral, according to a person with knowledge of the moves.The bank’s giant Wall Street trading division has reduced the value of loans — most of which were made to software firms — sitting within the financing portfolios of private credit clients, said the person, who declined…

Steve Jobs’ fierce meeting style shaped Apple’s culture for decades.A new book by David Pogue, “Apple: The First 50 Years,” pulled back the curtain on the company’s culture, which was heavily influenced by its cofounder’s leadership style when he set out to turn Apple around in 1997. One of Jobs’ characteristics as CEO was his affinity for meetings.He dedicated a day each week to meeting with different members of his executive team, with Mondays reserved for the most important ones. Those meetings were where Jobs and Apple’s leaders cultivated a culture of debate.They would poke holes in each other’s strategies and refocus…

When Niccolo Porcello worked as an office manager at a Connecticut hedge fund, his colleagues on the trading floor knew he wasn’t exactly enamored with their line of work. Loading audio narration… And they loved him for it.”My politics do not at all necessarily align with capital accumulation,” he told Business Insider. “I was pretty vocal about that in that space, and that honestly made everyone at the hedge fund really like me because I was a very sort of like rare specimen in their world.”It was an aha moment for Porcello, who hadn’t interacted with the industry much before:…