Business News

(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 […]

Gold soared to a new record high on Monday, topping $5,000 per ounce for the first time ever as investors rushed toward the safe-haven asset amid geopolitical unrest.The latest uptick continued a blazing-hot stretch for gold. Over the past year, the price has climbed 83%, far outpacing a 14% jump in the S&P 500 during that period. In early trading on Monday, the price of gold stood at $5,077 per ounce.Silver prices also […]

(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, […]

In an aerial view, two-story single family homes line the streets of neighborhood on January 13, 2026 in Thousand Oaks, California. (Kevin Carter/Getty Images) (NEW YORK) -- The rate on a 30-year fixed mortgage dropped below 6% for the first time in nearly four years, according to new data from Freddie Mac.Rates have been hovering around 6% this year and averaged 6.76% last February."For the first time in three and […]

(NEW YORK) -- Stocks closed markedly higher on Wednesday after President Donald Trump backed off of tariff threats over Greenland. The major indexes recovered most of the losses they suffered the day before amid trade tensions centered on the Danish territory.The Dow Jones Industrial Average climbed 588 points, or 1.2%, while the S&P 500 jumped 1.1%. The tech-heavy Nasdaq increased 1.1%.U.S. stocks surged on Wednesday afternoon after Trump said he would retract his proposed […]

(NEW YORK) -- President Donald Trump rushed to enact new tariffs and vowed to preserve others after a recent Supreme Court ruling knocked out most of his levies.Businesses and consumers now face a different set of tariffs, which amount to taxes paid by importers for goods shipped into the U.S. Oftentimes, importers pass along tariff-related costs to consumers, raising retail prices.The nation's overall tariff rate has dropped, meaning some products have gained relief from […]

(NEW YORK) -- European lawmakers on Wednesday suspended a trade agreement with the United States over tariff threats issued by President Donald Trump as part of his push to acquire Greenland.The announcement came minutes after President Donald Trump reasserted his call for U.S. ownership of Greenland during a speech at the World Economic Forum in Davos, Switzerland.The speech followed tariff threats issued by Trump days earlier against seven European Union countries, plus the U.K., […]

(NEW YORK) -- Stocks closed down significantly on Tuesday, deepening losses suffered at the outset of trading, after President Donald Trump threatened tariffs on multiple European countries as part of a push for U.S. control of Greenland.The Dow Jones Industrial Average closed down 870 points, or 1.7%, while the S&P 500 declined 2%. The tech-heavy Nasdaq dropped 2.3%.Those losses marked a dip from initial trading levels on Tuesday morning, when the Dow had […]