Business News

(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 […]

(NEW YORK) -- Stocks slid on Monday morning in the first trading session after the U.S.-Israeli attack on Iran over the weekend.The Dow Jones Industrial Average fell 280 points, or 0.5%, while the S&P 500 dropped 0.5%. The tech-heavy Nasdaq declined 0.5%.The strikes early Saturday morning prompted Iranian drone attacks and missile fire targeting U.S. military bases and Gulf countries. Tit-for-tat strikes rapidly widened into a regional war.Four U.S. service members have […]

A plume of smoke rises after an explosion on February 28, 2026 in Tehran, Iran. (Photo by Majid Saeedi/Getty Images) (NEW YORK) -- The U.S. and Israel's large-scale strikes on Iran Saturday are expected to rattle oil markets when trading resumes Sunday evening, with analysts anticipating an immediate price reaction and impact on gas prices.The central concern isn't just Iran's oil production, but its influence over the Strait of Hormuz, […]

(NEW YORK) -- The U.S. recorded strong job gains in March, rebounding from dismal losses a month earlier, a jobs report on Friday showed. The reading far exceeded economists' expectations.The U.S. added 178,000 jobs in March, according to the report, which marked a sharp increase from 133,000 jobs lost in the previous month.The unemployment rate ticked down to 4.3% in March from 4.4% in February, the Bureau of Labor Statistics […]

(NEW YORK) -- The U.S. recorded strong job gains in March, rebounding from dismal losses a month earlier, even as the nation weathered a global oil shock set off by the U.S.-Israeli war on Iran, a jobs report on Friday showed. The reading far exceeded economists' expectations.The U.S. added 178,000 jobs in March, according to the report, which marked a sharp increase from 133,000 jobs lost in the previous month.The […]

(NEW YORK) -- Stocks closed mixed in volatile trading on Thursday after President Donald Trump delivered a televised address vowing to hit Iran "extremely hard" over the coming weeks.The Dow Jones Industrial Average closed down 60 points, or 0.1%, after opening down by 600 points, while the S&P 500 ticked up 0.1. The tech-heavy Nasdaq increased 0.1%.Each of the major indexes tumbled more than 1% in early trading, but they quickly recovered most or […]

President Donald Trump answers questions after signing an executive order to limit mail-in voting in the Oval Office of the White House, March 31, 2026, in Washington. (Alex Wong/Getty Images) (WASHINGTON) -- President Donald Trump on Thursday slapped 100% tariffs on some pharmaceutical products, ramping up his effort to boost U.S. drug manufacturing.The move, in the form of an executive order, targets patented drugs that lack a "most favored nations" pricing agreement […]