Business News

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 […]

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 plummeted more than 650 points in early trading on Friday as the Iran war continued to spike oil prices.The Dow fell 657 points, or 1.3%, while the S&P 500 dropped 1.2%. The tech-heavy Nasdaq declined 1%.In a post on social media […]

(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 […]