Business News

(NEW YORK) -- The U.S. recorded strong job gains in March, rebounding from dismal losses a month earlier, even as the nation weathered a global oil shock set off by the U.S.-Israeli war on Iran, 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 […]

(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. […]

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 […]

Traders work on the floor of the New York Stock Exchange, March 31, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) -- Stocks ticked lower 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 fell 75 points, or 0.1%, after opening down by 600 points, while the S&P 500 dropped 0.06%. The tech-heavy Nasdaq […]

Traders work on the floor of the New York Stock Exchange, March 31, 2026 in New York City. (Spencer Platt/Getty Images) (NEW YORK) -- Stocks tumbled worldwide 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 fell 600 points, or 1.3%, while the S&P 500 dropped 1.2%. The tech-heavy Nasdaq declined 1.6%.The selloff followed losses […]

(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) -- A 10% global tariff took effect on Tuesday, marking the first duty enacted by President Donald Trump after a recent Supreme Court decision invalidated most of his levies.Within hours of the high court's ruling on Friday, Trump signed an executive order imposing a 10% tariff on nearly all imports for up to 150 days. The directive called for enforcement of the duty to begin at 12:01 a.m. […]