Business News

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. […]

U.S. President Donald Trump speaks with members of the media onboard Air Force One on March 29, 2026. (Nathan Howard/Getty Images) (NEW YORK) -- The Dow Jones Industrial Average soared more than 950 points on Tuesday after President Donald Trump appeared to suggest the U.S. may end the Iran war without reopening the Strait of Hormuz.In a post on social media, Trump indicated that the task of reopening the strait […]

Cargo vessel, Ali 25, in the Gulf, near the Strait of Hormuz on March 22, 2026 in northern Ras al Khaimah, United Arab Emirates. (NEW YORK) -- Gas prices in the United States topped $4 per gallon on average Tuesday, crossing the milestone for the first time in nearly four years, just weeks after the U.S.-Israeli war on Iran set off a global oil shock and spiked fuel costs.Prices at […]

Photo of Wall Street (Matteo Colombo/Getty Images) (NEW YORK) -- Stocks slid on Monday morning in the first trading session since President Donald Trump announced a new 15% tariff on most imported goods, intensifying his effort to impose levies that were struck down by the Supreme Court.The Dow Jones Industrial Average fell 90 points, or 0.1%, while the S&P 500 dropped 0.1%. The tech-heavy Nasdaq declined 0.1%.Cryptocurrency prices tumbled in […]

(NEW YORK) -- Stocks closed significantly lower on Friday as the U.S.-Israeli war with Iran showed little sign of an imminent resolution that would end one of the worst global oil shocks in decades.The Dow Jones Industrial Average plunged 790 points, or 1.7%, while the S&P 500 fell 1.6%. The tech-heavy Nasdaq dropped 2.1%.The session on Friday marked the end of a woeful week for the major stock indexes. The Dow declined 1% this […]

(NEW YORK) -- A threat of U.S. attacks on power plants in Iran continues to loom over the Middle East conflict, even after Trump pushed back a self-imposed deadline for the second time.In a post on social media on Thursday, Trump said he was "pausing the period of Energy Plant destruction" until April 6.In the event of such an attack, Iran has said it would carry out tit-for-tat strikes against […]

(NEW YORK) -- The U.S. economy slowed more than expected over the final months of 2025, federal government data on Friday showed.The economy grew at an annualized rate of 1.4% in the fourth quarter in the government's initial estimate, marking a cooldown from blistering-hot 4.4% growth recorded in the previous quarter.The slowdown at the end of last year stemmed in part from a decline in the pace of consumer spending, the U.S. Commerce […]