Business News

(NEW YORK) -- Stocks closed higher on Monday, recovering from sharp losses earlier in the day as markets whipsawed in response to developments in the U.S.-Israeli war with Iran.The dramatic reversal on Wall Street came after U.S. oil prices turned lower on Monday afternoon. Crude prices settled at about $85 per barrel, unwinding a surge hours earlier that had reached as high as nearly $120 a barrel.The Dow Jones Industrial Average closed up 230 […]

The Anthropic logo displayed on the stage during the company's Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. (Samyukta Lakshmi/Bloomberg via Getty Images) (NEW YORK) -- Artificial-intelligence firm Anthropic sued the Trump administration on Monday over the Pentagon's choice to designate it a "supply-chain risk," legal filings show.A spokesperson for Anthropic said the legal action "does not change our longstanding commitment to harnessing AI to protect our national […]

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. (Photo by Spencer Platt/Getty Images) (NEW YORK) -- The Dow Jones Industrial Average closed down 450 points on Friday as the Iran war continued to spike oil prices.The Dow fell 453 points, or 0.9%, while the S&P 500 dropped 1.3%. The tech-heavy Nasdaq declined 1.5%.In a post on social media on Friday morning, President Donald Trump appeared […]

(NEW YORK) -- The U.S. economy lost jobs in February, marking a major reversal of fortunes for the labor market and nearly erasing all of the job gains delivered a month earlier, government data on Friday showed. The reading came in well below economists' expectations.The U.S. lost 92,000 jobs in February, according to the report from the U.S. Bureau of Labor Statistics (BLS), which marked a significant dropoff from 130,000 […]

(NEW YORK) -- Inflation surged in March after an oil shock triggered by the U.S.-Israeli war with Iran, government data showed on Friday. The inflation report matched economists' expectations.Prices rose 3.3% in March compared to a year earlier, marking a steep rise from a year-over-year inflation rate of 2.4% in the prior month. Annual inflation jumped to its highest level in two years, U.S. Bureau of Labor Statistics (BLS) data […]

Traders work on the floor of the New York Stock Exchange during morning trading on February 24, 2026 in New York City. (Michael M. Santiago/Getty Images) (NEW YORK) -- The Dow Jones Industrial Average plunged 900 points on Thursday as the war with Iran escalated and oil prices continued to climb.The Dow fell 908 points, or 1.8%, while S&P 500 dropped 1%. The tech-heavy Nasdaq declined 0.9%.This is a developing […]

(NEW YORK) -- Stocks closed significantly higher on Wednesday, just hours after the U.S. and Iran announced a two-week ceasefire.The Dow Jones Industrial average surged 1,325 points, or 2.8%, while the S&P 500 climbed 2.5%. The tech-heavy Nasdaq jumped 2.8%.As part of the accord, Iran says it will allow tankers passage through the Strait of Hormuz, a vital shipping route for oil and gas, as long as they coordinate with the nation's […]

A trader works on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Signs of last-ditch efforts to secure a truce in the war that has rattled global markets spurred a cautious advance in stocks as oil retreated. (Photographer: Michael Nagle/Bloomberg via Getty Images) (NEW YORK) -- Stocks soared and oil prices plunged in early trading on Wednesday, just hours after […]

(NEW YORK) -- The Dow Jones Industrial Average plunged more than 1,000 points in early trading on Tuesday as the ongoing U.S.-Israeli war with Iran prompted a major selloff.The Dow fell 1,075 points, or 2.2%, while the S&P 500 dropped 2%. The tech-heavy Nasdaq plummeted 2%.Investor reaction on Tuesday sharply departed from the muted response a day earlier, when the major indexes closed essentially flat.Oil prices, meanwhile, spiked for the […]