Small business profits are sinking as entrepreneurs deal with a confluence of forces ranging from rising labor costs to higher energy prices.
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Illustration: Lindsey Bailey/Axios
Small business profits are sinking as owners get squeezed by rising labor costs and energy prices spiking from the Iran war.
Why it matters: Businesses with fewer than 250 workers created half of all new jobs over the last half-decade.
Petrol price spike raises pressure on small businesses and jobs
How to oil-proof your life | CNN Business
Petrol, prices and pressure: How the Iran war is hitting American households
Big oil’s war profits may have a silver lining after all
Consumers still feel “buffeted” by rising costs brought on by the Iran war, including “soaring prices at the pump.”
The reports will offer a glimpse into how rising inflation and higher gas prices are pinching American wallets.
Citi and Goldman Sachs analysts raise their forecasts for oil prices.
Farmers are grappling with a confluence of forces — many of them human-made, including the effects of the Iran war.
Gasoline prices also have climbed.
It's suddenly the world's biggest constraint, thanks to oil shocks and AI's global race for electricity.
