Business News

(NEW YORK) -- Inflation held steady in February, maintaining price increases at elevated levels in the weeks before the U.S.-Israeli war with Iran sent gasoline prices surging and stoked heightened concern about affordability. The reading matched economists' expectations.Prices rose 2.4% in February compared to a year earlier, leaving the inflation rate unchanged from January, U.S. Bureau of Labor Statistics data showed. Inflation stands slightly higher than the Federal Reserve's target […]

(NEW YORK) -- An inflation report to be released on Wednesday will provide the latest measure of price increases as the U.S.-Israeli war with Iran drives up gasoline costs and renews concerns about affordability.The fresh data -- which is set to detail prices in February -- will show the cost burden borne by households weeks before the outbreak of war.Economists expect prices to have increased 2.4% in February from a […]

(NEW YORK) -- The Walt Disney Company announced on Tuesday that Josh D'Amaro will become the company's next CEO in March, replacing current chief executive Bob Iger when he steps down from the role this year. Dana Walden will become the company's president and chief creative officer.D’Amaro, chair of Disney’s experiences unit, oversees a global network of theme parks and hotel resorts. He also leads the company’s cruise ships and […]

(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 […]

(NEW YORK) -- Stocks tumbled on Monday as oil prices climbed in response to the U.S.-Israeli war with Iran.The Dow Jones Industrial Average fell 460 points, or 0.9%, while the S&P 500 dropped 0.5%. The tech-heavy Nasdaq inched down 0.2%.The major indexes recovered some of their earlier losses on Monday, however, after oil price hikes cooled. Oil markets settled amid a meeting among Group of Seven (G7) finance ministers about a possible coordinated release […]

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. (Photo by Michael M. Santiago/Getty Images) (NEW YORK) -- Stocks tumbled in early trading on Monday as oil prices soared above $100 per barrel in response to the U.S.-Israeli war against Iran.The Dow Jones Industrial Average fell 430 points, or 0.9%, while the S&P 500 dropped 0.9%. The tech-heavy Nasdaq declined 1%.Indexes fell worldwide on Monday as the spike […]

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 […]