Business News

(NEW YORK) -- Oil prices fell and stocks closed higher on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.The Dow Jones Industrial Average closed up 317 points, or 0.7%, erasing much of the losses suffered on Friday as back-and-forth strikes broke out between the two countries.The S&P 500 climbed 0.9% on Monday, while the tech-heavy Nasdaq jumped 1.5%. In each case, the gains erased nearly […]

(NEW YORK) -- The Trump Organization on Monday announced a mobile phone service and a Trump-branded smartphone, extending the family real estate company into the vast U.S. telecom market.The announcement arrives exactly 10 years after the launch of President Donald Trump's first presidential campaign, and it features a monthly mobile plan priced at $47.45, an apparent reference to Trump's résumé as the nation's 45th and 47th president."I'm incredibly excited to […]

(NEW YORK) -- Oil prices fell and stocks climbed in early trading on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.The Dow Jones Industrial Average surged 415 points, or 1%, erasing much of the losses suffered on Friday as back-and-forth strikes broke out between the two countries.The S&P 500 climbed 1% early Monday, while the tech-heavy Nasdaq jumped 1.3%. In each case, the gains erased […]

(NEW YORK) -- Oil prices surged and stocks slumped on Friday morning in the immediate hours after Israel began an attack on Iran targeting nuclear sites and senior military officers.The strike stoked concern among investors about a possible wider conflict across the Middle East, which accounts for a large share of global oil production.The U.S. West Texas Intermediate futures price -- a key measure of U.S. oil prices -- surged more than 7% on […]

(WASHINGTON) -- The U.S. Consumer Price Index released on Wednesday showed May inflation ticking slightly higher, rising 2.4%, in line with expectations.The report amounted to the latest test for President Donald Trump's tariffs as some retailers and economists warn the policy will raise prices.So far, the economy has defied fears of price hikes, instead giving way to a cooldown of inflation over the months since Trump took office.Economists expect inflation […]

(LONDON) -- The Nintendo Switch 2 is off to a turbo-charged start, thanks to a little help from Mario and his friends in Mario Kart World, smashing its own sales record by becoming the fastest selling Nintendo game system ever with more than 3.5 million units sold in just four days.Nintendo sold an estimated 2.7 million units of the original Nintendo Switch in its first month when it launched in […]

(WASHINGTON) -- A fresh inflation report to be released on Wednesday will provide the latest test for President Donald Trump's tariffs as some retailers and economists warn the policy will raise prices.So far, the economy has defied fears of price hikes, instead giving way to a cooldown of inflation over the months since Trump took office.Economists expect inflation to have jumped slightly in May, registering year-over-year price increases of 2.4%. […]

(NEW YORK) -- A feud between President Donald Trump and Tesla CEO Elon Musk hammered shares of the electric carmaker on Thursday, before a lull in the acrimony on Friday prompted a recovery of some losses.Still, as of midday Friday, shares had dropped nearly 10%, wiping out tens of billions of dollars in company value.The falling out between Trump and Musk raises serious concern for Tesla, threatening crucial regulatory approvals […]

(NEW YORK) -- The U.S. trade deficit narrowed significantly in April as President Donald Trump sharply escalated tariffs before pausing a large swath of the levies, U.S. Commerce Department data on Thursday showed.Trump touted the tariffs as an effort to slash the nation's trade deficit, which the president has said he considers a threat to the nation's economic prosperity. Many economists disagree, however, saying the trade deficit reflects the consumer-driven […]