Marketplace covers several economic stories: high oil prices from the Iran war are boosting Permian Basin profits, but drillers are cautious about over-expansion; the US spends billions to support the Japanese yen; small businesses are careful about hiring; and a Colorado peach farmer braces for drought.
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Highlights
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Permian Basin oil profits surge but companies remain cautious
Oil companies in the Permian Basin are seeing strong earnings due to high prices from the Iran war, but they are avoiding aggressive expansion to prevent another boom-bust cycle.