Business News

(NEW YORK) -- Iranian attacks on significant energy infrastructure and refineries in several Gulf countries pushed oil and gas prices higher in volatile trading on Thursday.Brent crude oil prices, a benchmark for global trading, climbed about 2%, hitting nearly $110 a barrel for contracts to purchase oil in May. The price rose as high as $119 early Thursday but pared some of its gains by the afternoon.The benchmark for European gas also […]

(NEW YORK) -- The Federal Reserve held interest rates steady on Wednesday at its first meeting since the U.S.-Israeli war with Iran drove up gasoline prices and risked a wider bout of inflation.The central bank's move marked the second consecutive time it has opted to maintain interest rates at current levels since the outset of 2026. Before that, the Fed cut interest rates a quarter-point three straight times. The decision […]

(WASHINGTON) -- President Donald Trump’s selection to chair the Federal Reserve, Kevin Warsh, testified in a Senate confirmation hearing on Tuesday as his nomination faces bipartisan opposition centered on a federal criminal investigation into the central bank’s current leader.The probe into Fed Chair Jerome Powell, which focuses on alleged false testimony to Congress about an office renovation, threatens to derail or delay Warsh’s nomination.Powell, who was appointed by Trump in […]

(WASHINGTON) -- President Donald Trump’s selection to chair the Federal Reserve, Kevin Warsh, will testify in a Senate confirmation hearing on Tuesday as his nomination faces bipartisan opposition centered on a federal criminal investigation into the central bank’s current leader.The probe into Fed Chair Jerome Powell, which focuses on alleged false testimony to Congress about an office renovation, threatens to derail or delay Warsh’s nomination.Powell, who was appointed by Trump […]

(NEW YORK) -- Stocks closed slightly lower and oil prices rose on Monday as tensions mounted in the Strait of Hormuz, putting pressure on the ceasefire between the U.S and Iran a day before it's set to expire.The Dow Jones Industrial Average ticked down 4 points, or 0.01%, while the S&P 500 dipped 0.2%. The tech-heavy Nasdaq declined 0.2%.U.S. Marines seized an Iran-flagged container ship in the Gulf of Oman on Sunday, according to CENTOM, […]

Stock Market Wall Street (Matteo Colombo/Getty Images) (NEW YORK) -- Stocks dipped and oil prices rose in early trading on Monday as tensions mounted in the Strait of Hormuz, putting pressure on the ceasefire between the U.S and Iran a day before it's set to expire.The Dow Jones Industrial Average fell 25 points, or 0.07%, while the S&P 500 dropped 0.1%. The tech-heavy Nasdaq declined 0.1%.U.S. Marines seized an Iran-flagged […]

: Traders work on the floor of the New York Stock Exchange during morning trading on April 17, 2026 in New York City. (Photo by Michael M. Santiago/Getty Images) (NEW YORK) -- Stocks surged and oil prices plunged in early trading on Friday after a senior Iranian official declared the Strait of Hormuz “completely open” for commercial traffic for the duration of the 10-day ceasefire between Israel and Lebanon.The Dow […]

(NEW YORK) -- The Dow Jones Industrial Average closed down more than 700 points on Thursday as global oil prices spiked above $100 a barrel.The Dow plunged 730 points, or 1.5%, while the S&P 500 dropped 1.5%. The tech-heavy Nasdaq declined 1.7%.A selloff hit Wall Street as traders feared economic fallout from a potentially prolonged bout of elevated oil prices amid the U.S.-Israeli war with Iran.Oil markets are suffering a major supply […]

(NEW YORK) -- The United States continued to mount a naval blockade of Iranian ports in the Strait of Hormuz on Thursday, exerting financial pressure on Tehran while at the same time choking off a source of oil amid a historic global shortage.The move comes as Americans grapple with a surge in gasoline prices that threatens to eat away at household budgets and slow the economy.Gasoline prices in the U.S. […]