Latest Business News
China's Economy Shows Surprise Rebound Amid Global Tensions
China's industrial production is expected at 5.3%, with retail sales improving to 2.5%, signaling a rebound despite negative fixed asset investments. Stocks in Asia Pacific, including Shanghai and Taiwan, are edging up, boosted by rallies in Korea and commodities like oil and aluminum.
President Trump may delay summit with Xi Jinping if China doesn't aid in securing Strait of Hormuz.
Dow Plunges 700 Points as Oil Prices Top $100/Barrel
The Dow closed down 700 points following a spike in global oil prices above $100 a barrel due to US strikes on Iranian export hub. Markets are stabilizing somewhat as oil trims gains, but energy supply disruptions persist.
US emerges as LNG export winner in Iran conflict.
Trump Demands 7 Countries Escort Vessels Through Strait of Hormuz
President Trump calls on nations including China to help secure the Strait amid disruptions from US strikes on Iran. Proposal raises concerns over diplomacy and stability in key oil corridor.
Markets tense as shipping security plans emerge.
DOE Announces Record-High Fuel Prices Effective Tuesday
Philippine Department of Energy sets record fuel prices, increasing transport costs with economy-wide ripple effects. Jet fuel prices rise globally, potentially hiking summer flight costs.
Gasoline could reach $5/gallon per experts.
Oil Prices Stay Elevated Amid Geopolitical Risks
Brent and WTI hold high after spiking to nearly $120, driven by Iran war escalation and Hormuz threats. Aluminum prices elevated as commodities react.
Trump urges international help to unblock strait.
Airline CEOs Urge Congress to Restore DHS Funding
Airline leaders demand funding to pay airport workers amid disruptions from rising fuel costs. Southwest cancels Chicago services; Air China resumes North Korea flights.
Airfare expected to increase due to fuel spikes.
Inflation Steady in February Before Iran War Surge
US inflation held steady pre-war but gas prices now surging 30%+ monthly, above Fed target. Experts debate if oil rise will drive further inflation.
Consumers face impacts from higher gas amid down oil trend reversal.
Anthropic Sues Trump Administration Over AI Designation
Anthropic challenges White House labeling it a supply-chain risk in 'unprecedented' clash on AI use. Separately, Meta acquires 'Moltbook' AI social media app.
Case highlights tensions in AI regulation.
Stocks Reverse Losses as Oil Prices Dip Slightly
US stocks close higher after sharp drops, as oil falls from overnight highs near $120. Asia markets up, with greater China set for gains.
Boeing deal and technical talks eyed amid US-China dynamics.
South Korea Braces for Oil Shock with Tax Revenue
South Korea uses extra tax funds to mitigate oil crisis impacts, amid regional rally. Taiwan markets open 1% higher.
Global energy disruptions threaten broader economic stability.
Live Nation Employees Accused of 'Robbing' Customers
Court documents reveal two Live Nation staff bragged about overcharging; entertainment firm faces scrutiny. 'Hoppers' tops box office amid business news.
Incident underscores consumer protection issues.