Economy

Economy
Economy

Stocks have their worst quarter since 2022, raising doubts about Trump’s economic playbook

Stocks surged Tuesday, with the S&P 500 closing up 2.9% while the Nasdaq rose 3.8% and the Dow gained 1,125 points. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. But this very good day capped off what was a very bad month for U.S. equities. The S&P 500

Read More
Economy

The world economy is experiencing the most severe oil shock in decades. The worst could still be on the way.

Surging oil prices continue to ripple through the global economy because of the war with Iran. Now, some analysts say the worst could still be ahead as the conflict drags on. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The concern is that beyond immediate knock-on effects from

Read More
Economy

U.S. crude tops $100 and the S&P 500 approaches correction as Iran war enters second month

Global oil prices continued their recent climb and the S&P 500 closed lower Monday after a weekend when Iran-backed Houthi militants launched ballistic missiles at Israel and 3,500 additional U.S. troops arrived in the Middle East. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The conflict between Iran,

Read More
Economy

When will TSA lines go back to normal? Travelers may face delays for days or weeks

Travelers frustrated by long security lines may not see immediate relief, even as Transportation Security Administration officers begin receiving pay again on Monday after working without wages for more than a month during the partial government shutdown. President Donald Trump signed an executive order Thursday directing federal officials to ensure that TSA workers are paid

Read More
Economy

Body found in Colombia amid search for missing U.S. flight attendant

Colombian officials discovered a body Friday amid the search for a U.S. flight attendant who went missing in the country last weekend. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Medellin Mayor Federico Gutiérrez announced the discovery in a post on X, saying that “a lifeless body has

Read More
Economy

House Republicans pass DHS funding bill that Democrats call ‘dead on arrival’ in the Senate

WASHINGTON — House Republicans voted Friday evening to pass a short-term funding bill for the Department of Homeland Security that has no viable path in the Senate and is likely to extend the shutdown stalemate on Capitol Hill. The vote of 213-203 came after Speaker Mike Johnson, R-La., rejected the Senate-passed bill, which would fund

Read More
Economy

Markets plunge and U.S. oil hits $100 as Trump’s ability to reassure Wall Street hits its limit

President Donald Trump is used to bending financial markets to his will. But with the war in Iran, he may have reached the limit of his ability to do so. On Friday, the S&P 500 closed down 1.7% and notched its fifth-straight weekly decline, its worst stretch since 2022 and a sign of rapidly faltering

Read More
Economy

Senate agrees to fund DHS, except ICE and CBP, in bid to end extreme airport delays

WASHINGTON — The Senate agreed unanimously early Friday to fund the Department of Homeland Security, but without funding for immigration enforcement and deportation operations. Senators approved the package at 2:20 a.m. by voice vote following a marathon session. The 42-day funding lapse has seen them go without pay, leading many to call out of work

Read More
Economy

Judge blocks Trump administration from limiting Anthropic’s contracts with federal government

A federal judge in California has blocked the Trump administration from designating Anthropic as a supply chain risk to national security and cutting off the AI company’s work with federal agencies. Anthropic sued the Defense Department and other federal agencies this month after the Pentagon labeled it a “supply-chain risk to national security.” President Donald

Read More
Economy

Nasdaq moves into correction territory as Iran war weighs on markets

U.S. stocks and bonds sold off Thursday and oil continued its weekslong upward trajectory, as optimism faded about possible peace talks or a U.S.-Iran ceasefire. The price of U.S. crude oil rose near $95 per barrel, up more than 4%. International Brent crude rose 5%, to more than $109 per barrel. Since the war started,

Read More