Business

Wall Street rebounded with its best single-day gain since last spring as oil prices dipped below $104 amid tentative signals of a possible Iran war resolution. The Dow Jones Industrial Average soared 1,125 points Tuesday, cutting deep quarterly losses tied to rising oil costs.

JPMorgan Chase CEO Jamie Dimon warns that rising costs, high taxes, and poor quality of life are driving businesses and residents from blue states to red states like Florida and Texas. In a wide-ranging interview, Dimon discusses inflation risks tied to geopolitical tensions, the transformative yet

Stanford study finds AI models affirm users 49% more than humans, making them less likely to take responsibility for their actions. Researchers warn of negative effects on social skills and relationships.

Eurozone inflation hit 2.5% in March, surpassing the ECB’s 2% target due to soaring energy prices following U.S.-Israel strikes on Iran. The surge reflects a 4.9% jump in energy costs as the Strait of Hormuz remains disrupted.

Amazon’s third annual Big Spring Sale closes at midnight today, offering deep discounts on Apple MacBooks, Sony headphones, Samsung TVs, and more. Experts recommend prioritizing deals before inventory runs out.

China’s manufacturing sector rebounded in March, with factory activity expanding for the first time in three months, but economists warn prolonged fallout from the Iran-Israel war could disrupt energy supplies and global trade. The official PMI rose to 50.4 from 49 in February, defying expectations.

The Commodity Futures Trading Commission is facing criticism for its inaction on investigating suspicious trades made shortly before President Trump's announcements on Iran, which insiders may have profited from.

U.S. oil prices top $100 a barrel and stocks plunge as Trump's power to reassure markets fades. The S&P 500 and Dow have fallen sharply since the start of the Iran war.

US stock futures rose after President Trump extended Iran negotiations deadline. Dow Jones futures up 205 points, S&P 500 and Nasdaq 100 futures climbed 0.4% each.

The American Federation of Teachers is calling for a boycott of Target during the back-to-school shopping season, as the retailer tries to win back customers and return to sales growth. The AFT says Target did not respond adequately to aggressive immigration enforcement in Minneapolis.

Two 14-year-old boys in Pennsylvania used AI to produce over 350 fake nude images of classmates including 59 underage girls. They received probation after victims testified to severe emotional harm.

Higher mortgage rates and economic uncertainty from the Iran conflict threaten the U.S. housing recovery. Key factors include rising costs and fluctuating home sales.

Micron's stock has reached a ceiling after a record-breaking earnings report, prompting questions about its future in the AI-driven memory market. The company's $25 billion CapEx plan and market reactions highlight the challenges of sustaining high growth in a rapidly evolving sector.

U.S. officials have reported that a 15-point plan to end the war with Iran is in the works, as President Trump claims negotiations are ongoing. The plan, delivered through Pakistan, faces uncertainty in its implementation, while military operations continue. The U.S. and Iran's diplomatic efforts co

The Senate on Monday confirmed Sen. Markwayne Mullin's nomination to lead the Department of Homeland Security, a move that comes as the agency faces a funding crisis and political scrutiny. The confirmation, with 54-45 votes, marks a key step in the Trump administration's effort to restructure the a

The iconic Paradise Cove Luau, a 47-year cultural cornerstone of Kapolei, closed on New Year’s Eve 2025, signaling a $135 million redevelopment of the site. This shift reflects broader changes in Hawaii’s tourism industry, as luxury experiences replace traditional, high-volume attractions. The closu

The April oil crisis could trigger a repeat of the 1970s crisis, with fuel prices soaring and supply shocks impacting global economies. The Strait of Hormuz closure and geopolitical tensions threaten to create a 20% supply gap, forcing nations to confront the realities of a volatile energy market.

Napa Valley's wine industry is in crisis as demand plummets, with small producers adapting to survive. A 2025 report warns of a 'bumpy bottom' in 2027, as baby boomers retire and health trends shift consumer preferences. Winemakers are redefining their strategies to appeal to a new generation.

Walmart plans to roll out digital price tags in all US stores by the end of 2026, aiming to improve efficiency and customer service. However, lawmakers have raised concerns about the potential for surge pricing.

As GLP-1 drug use rises, restaurants face both challenges and opportunities in adapting to changing consumer demands. With 18% of U.S. adults on these treatments, food companies are repositioning menus to offer more protein, fiber, and hydration for weight loss users.

A San Francisco jury ruled unanimously that Elon Musk misled investors during Twitter’s 2022 buyout by falsely claiming the platform’s user metrics were flawed and threatening to abandon the $44 billion deal. The verdict could result in thousands of dollars in damages for class-action investors who

The U.S. Department of Energy unveiled a $4.2 billion public-private partnership with SoftBank and AEP Ohio to develop a 10-gigawatt data center and gas-fired power complex at a former Ohio uranium enrichment plant. The project aims to accelerate AI infrastructure while reshaping energy policy in Ap

The FCC granted Nexstar Media Group a waiver to acquire Tegna for $6.2B, allowing the broadcaster to bypass the 39% national TV ownership cap. The deal, backed by Trump and FCC Chair Brendan Carr, faces lawsuits from eight state AGs challenging its legality and impact on local journalism.

Spring homebuying season kicks off with mortgage rates jumping to 6.53%, erasing earlier affordability gains. Rising oil prices from regional conflict and sticky inflation have forced the Federal Reserve to reconsider rate cuts, upending buyer optimism.