Business News

(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 […]

Traders work on the floor of the New York Stock Exchange during morning trading on February 24, 2026 in New York City. (Michael M. Santiago/Getty Images) (NEW YORK) -- The Dow Jones Industrial Average plunged 900 points on Thursday as the war with Iran escalated and oil prices continued to climb.The Dow fell 908 points, or 1.8%, while S&P 500 dropped 1%. The tech-heavy Nasdaq declined 0.9%.This is a developing […]

(NEW YORK) -- Tax season kicked off this week as the U.S. Internal Revenue Service began allowing filers to submit completed tax forms.Americans can file anytime before April 15. The IRS said earlier this month that it expects more than 164 million individual tax returns to be filed by that deadline.Refunds are typically sent within 21 days, the agency says. For paper returns, the IRS says turnaround time can last more than four […]

(NEW YORK) -- The Federal Reserve held interest rates steady on Wednesday, ending a string of three consecutive quarter-point rate cuts as the central bank grapples with a combination of elevated inflation and sluggish hiring.The move marked the first interest-rate decision since news surfaced earlier this month of a federal criminal investigation into Fed Chair Jerome Powell.The choice to maintain interest rates at their current level echoed a cautious approach outlined by […]

The logo and lettering of global online mail order company Amazon can be seen on the façade of Amazon Germany's headquarters in Parkstadt Schwabing in Munich (Bavaria). Amazon.com, Inc. is a listed US-American, globally active online mail order company. In Germany, the group is one of the US companies with the highest turnover. Photo: Matthias Balk/dpa (Matthias Balk/picture alliance via Getty Images) (NEW YORK) -- Tech giant Amazon said on […]

(NEW YORK) -- Mortgage rates whipsawed in recent weeks as markets reacted to a flurry of policies from the Trump administration.It began with a major milestone. Mortgage rates earlier this month fell below 6% for the first time in nearly three years, according to a data released by Mortgage News Daily."The progress stems directly from President Trump's aggressive agenda to restore the American Dream of homeownership," the White House touted in a statement on Jan. […]

(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 […]