Latest Business News
Global stock markets fall as oil prices and bond yields rise
U.S. stocks dropped from record highs and joined a worldwide selloff as higher oil prices rattled bond markets and investors reassessed risk . The S&P 500 fell 1.2%, the Dow lost 537 points, and the Nasdaq sank 1.5% as tech stocks led the decline
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AI-led tech rally reverses sharply on Wall Street
Technology shares saw a sharp turnaround after months of gains, with Nvidia falling 4.4% and Micron dropping 6.6% . Market strategists said stocks may have moved into overbought territory, even as strong corporate profits and a durable U.S. economy remain supportive
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Oil prices stay elevated as Iran war disrupts supply
Brent crude rose 3.3% to $109.26 a barrel, well above prewar levels, after the Strait of Hormuz remained closed to oil tankers . The disruption is worsening inflation concerns and increasing pressure on consumers and businesses worldwide
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Bond market sells off as investors price in inflation pressure
Treasury yields climbed, with the U.S. 10-year yield rising to 4.59% from 4.47% the previous day . Analysts say the move reflects growing concern that higher energy prices and the war could keep inflation elevated for longer
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Trump and Xi say progress was made in Beijing talks
US President Donald Trump left Beijing after a two-day meeting with Chinese leader Xi Jinping, with both sides claiming progress on stabilizing relations . However, major differences remain, especially over Taiwan, where Xi warned that missteps could lead to conflict
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U.S. says China agreed to buy 200 Boeing jets
Trump said in a U.S. media interview that China agreed to purchase 200 Boeing aircraft as part of the summit’s trade outcomes . The reported deal was not accompanied by many details, and the broader trade framework remains unclear
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U.S. and China discuss Iran war and Strait of Hormuz
Trump said the leaders discussed the Iran war and shared a desire to end the conflict and reopen the Strait of Hormuz . He also said both sides agreed they do not want Iran to obtain a nuclear weapon
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U.S. cancels troop deployment to Poland amid diplomatic rift
The United States canceled the deployment of 4,000 troops to Poland after tensions widened between Washington and Berlin . The move follows an earlier Pentagon decision to draw down 5,000 soldiers from Germany after criticism of the U.S.-led war in Iran
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Switzerland confronts the risks of a too-big-to-fail UBS
Swiss authorities are moving to require UBS to hold about $20 billion more in capital, underscoring concerns that the bank is too large for the state to support in a crisis . The issue became more urgent after the Credit Suisse collapse, when the Swiss state and central bank used large liquidity and guarantees to stabilize the system
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Markets brace for continued volatility as investors seek safety
Friday’s moves showed investors shifting away from risk assets and toward safer government bonds as geopolitical and energy shocks spread . Economists note that strong company earnings and resilient consumer spending are still present, but the path for markets looks much less smooth
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