Latest Corporate News
Trump Vows Continued Strikes on Iran Despite Meeting Objectives
President Trump stated the US will hit Iran 'extremely hard' for the next 2-3 weeks, even after achieving military goals. This announcement led to oil prices surging 8.4% to $108.82 per barrel. Stocks initially fell but recovered most losses as no clear end to the conflict was outlined.
Oil Prices Spike to Over $108 Amid Iran Conflict Uncertainty
US crude oil rose sharply to $108.82 per barrel, pulling back from $110 highs after Trump's speech lacked a timetable for de-escalation. Markets dropped initially due to supply chain fears from the ongoing war.
Volatility persists as investors shift to quality and value stocks.
Iran War Disrupts US Small Businesses with Supply Chain Chaos
Small businesses face shipping delays, higher costs, and tight capacity from the conflict, likened to a 'perfect storm'. Examples include shoe imports from Vietnam stalled, pistachio exports stuck, and fertilizer prices soaring.
Owners fear prolonged war could rival pandemic disruptions.
Trump Sons' Drone Venture Powerus Denies Conflict of Interest
Powerus, backed by Trump brothers, targets $1.1B Pentagon funds for US drone manufacturing post-China ban. The firm raised $60M and plans a reverse merger with a Trump Nasdaq-listed company owning golf courses.
Eric Trump emphasized pride in future-focused investments like drones.
Markets Volatile as Geopolitical Tensions Boost Oil, Hurt Stocks
Trump's Iran speech spurred oil surge, causing initial market drops and raising supply chain concerns. Pacer ETFs president notes shift to quality/value amid volatility.
Live coverage highlights ongoing financial impacts.
DHS Partial Shutdown Nears End with Funding Deal in Sight
After nearly 7 weeks, a deal to fully fund DHS via appropriations and reconciliation appears imminent. Developments occurred despite Congress being out.
President Trump to deliver FY2027 budget on April 3.
Trump to Unveil FY2027 Budget Request on Good Friday
President Trump plans to submit the fiscal 2027 budget today, likely seeking significant defense boosts. This follows Iran conflict escalations and market reactions.
Budget details to be watched closely.
Canada Removes Digital Services Tax, Aids USMCA Talks
Canada officially scrapped its digital services tax, expected to boost US-Mexico-Canada trade negotiations. US-Mexico talks productive, but US-Canada lagged until now.
Move aligns with international tax shifts.
EU Seeks Input on Simplifying Direct Tax Measures Amid Complaints
Companies and trade groups responded to European Commission on easing EU direct tax burdens. Businesses report feeling overwhelmed by compliance demands.
Little progress evident yet on reforms.
Pillar Two Global Tax Rules Approach June 30 Implementation
With weeks until June 30, Pillar Two advances despite slow progress in some areas. Part of broader international tax developments affecting corporations.
Businesses monitor closely alongside trade shifts.
NYSE and Nasdaq Closed for Good Friday, Banks Mostly Open
Major US stock exchanges including Nasdaq and NYSE are shut on April 3 for Good Friday. Most banks remain open for deposits, withdrawals, and online services.
Mail delivery and school schedules vary.
Wall Street Week Discusses Financial Impacts of Global Tensions
Bloomberg Wall Street Week on April 3 reviews key stories shaping finance amid Iran conflict and oil surges. Hosted by David Westin with valued perspectives.
Covers market shifts and corporate concerns.