Business News

(LOS ANGELES) -- A Chevron gas station in Los Angeles elicited headlines in recent weeks for charging an eye-popping $8.71 a gallon, becoming an emblem for the spike in fuel costs set off by the Iran war.Sky-high gas prices nationwide owe primarily to a historic oil shock that followed Iran’s effective closure of the Strait of Hormuz. But a lesser-known contributor helps account for just how high prices have gotten, […]

In this photo illustration, the PayPal logo is displayed on the screen of a smart tablet. (Sheldon Cooper/SOPA Images/LightRocket via Getty Images) (WASHINGTON) -- PayPal has agreed to waive $30 million in processing fees in order to resolve a federal investigation into an investment program that sought to boost Black and minority-owned businesses, the Justice Department announced Tuesday.The probe is just one of a number launched under the Trump Justice […]

(NEW YORK) -- An inflation report on Tuesday will provide a fresh gauge of prices as the Iran war ratchets up costs for gasoline, airfares and other expenses.Economists expect consumer prices to have risen 3.8% in April, when a surge in gasoline costs took hold weeks into the war, which would mark a significant acceleration from 3.3% in the previous month.As recently as February, inflation stood at 2.4%, clocking in […]

(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) -- Hiring slowed in April as a rise in fuel prices hammered shoppers weeks into the war with Iran, U.S. government data on Friday showed.The U.S. added 115,000 jobs in April, according to the report, which marked a cooldown from 178,000 jobs added in March. The reading for April exceeded economists' expectations.The unemployment rate held steady at 4.3% in April, the Bureau of Labor Statistics (BLS) said. Unemployment […]

(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 […]

A ''For Sale'' sign is outside a residential home in Oro Valley, Ariz., Dec.12, 2025. (Michael Yanow/NurPhoto via Getty Images) (NEW YORK) -- Mortgage rates have climbed to their highest level since September as fallout from the Iran war ripples through financial markets, Freddie Mac data on Thursday showed.The average interest rate for a 30-year fixed-rate mortgage jumped to 6.46%, continuing a weeks-long surge since the war began on Feb. […]

(NEW YORK) -- Apple has agreed to settle a class-action lawsuit for $250 million after the tech giant was accused of marketing Apple Intelligence technologies that "did not exist" yet, according to a Tuesday court filing.The settlement paves the way for payouts of up to $95 for iPhone users who purchased eligible devices between June 10, 2024, and March 29, 2025.Plaintiffs in the suit asked a judge on Tuesday to […]