Business News
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Could the standoff in the Strait of Hormuz trigger a global recession? Economists weigh in
Ships are anchored along the shoreline of the Persian Gulf and Strait of Hormuz, April 22, 2026 in Bandar Abbas, Iran. (Getty Images)(NEW YORK) -- Thousands of canceled flights in Europe over a spike in jet fuel prices. An energy emergency declaration in the Philippines. A two-week school holiday in...Read more -
Warner Bros. Discovery shareholders approve Paramount takeover
David Zaslav, CEO & President, Warner Bros. Discovery at TCL Chinese Theatre on April 07, 2026 in Hollywood, California. (Monica Schipper/Getty Images)(NEW YORK) -- Warner Bros. Discovery shareholders on Thursday voted to approve the Paramount Skydance takeover bid, completing a major step toward the $111 billion media mega-deal.The offer from...Read more -
Trump's Federal Reserve chair nominee Kevin Warsh to testify before Congress amid Powell probe
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings on Friday, April 25, 2025. (Tierney L. Cross/Bloomberg via Getty Images)(WASHINGTON) -- President Donald Trump’s selection to chair the Federal Reserve, Kevin Warsh, will testify in a Senate confirmation hearing...Read more -
Stocks tumble and oil prices rise as US-Iran ceasefire uncertain before deadline
Stock Market Wall Street (Matteo Colombo/Getty Images)(NEW YORK) -- Stocks dipped and oil prices rose in early trading on Monday as tensions mounted in the Strait of Hormuz, putting pressure on the ceasefire between the U.S and Iran a day before it's set to expire.The Dow Jones Industrial Average fell...Read more -
Stocks surge and oil prices plunge after Iran says Strait of Hormuz 'completely open' during Israel-Lebanon ceasefire
: Traders work on the floor of the New York Stock Exchange during morning trading on April 17, 2026 in New York City. (Photo by Michael M. Santiago/Getty Images)(NEW YORK) -- Stocks surged and oil prices plunged in early trading on Friday after a senior Iranian official declared the Strait...Read more -
What does the US blockade of Iran shipping mean for gas prices?
Close-up of Chevron sign at a gas station, showing California gas prices, in Walnut Creek, California, April 8, 2025. (Photo by Smith Collection/Gado/Getty Images)(NEW YORK) -- The United States continued to mount a naval blockade of Iranian ports in the Strait of Hormuz on Thursday, exerting financial pressure on Tehran...Read more -
Live Nation illegally monopolized the market for tickets, jury finds
Live Nation logo. (Photo by Jonathan Raa/NurPhoto via Getty Images)(NEW YORK) -- Live Nation illegally monopolized the market for tickets, protecting its position through pressure and leverage, jurors in Manhattan federal court found Wednesday.This is a developing story. Check back for updates.Copyright © 2026, ABC Audio. All rights reserved.Read more -
S&P 500 hits record high as US-Iran ceasefire enters second week
Traders work on the floor of the New York Stock Exchange. (Michael M. Santiago/Getty Images)(NEW YORK) -- The S&P 500 hit a record high on Wednesday as the ceasefire between the U.S. and Iran entered its second week, appearing to boost hopes of a resolution to the Middle East conflict.The...Read more -
Prices surged in March after oil shock set off by Iran war
A view of the vessels passing through the Strait of Hormuz following the two-week temporary ceasefire reached between the United States and Iran on the condition that the strait be reopened, seen in Oman, April 8, 2026. (Anadolu via Getty Images)(NEW YORK) -- Inflation surged in March after an oil...Read more -
Stocks soar and oil prices plunge after US-Iran ceasefire
A trader works on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026. Signs of last-ditch efforts to secure a truce in the war that has rattled global markets spurred a cautious advance in stocks as oil retreated. (Photographer: Michael Nagle/Bloomberg...Read more -
Jobs report shows strong hiring in March, despite oil shock set off by Iran war
Job interview (Narisara Nami/Getty Images)(NEW YORK) -- The U.S. recorded strong job gains in March, rebounding from dismal losses a month earlier, even as the nation weathered a global oil shock set off by the U.S.-Israeli war on Iran, a jobs report on Friday showed. The reading far exceeded economists'...Read more -
Trump slaps 100% tariff on some pharmaceutical drugs via executive order
President Donald Trump answers questions after signing an executive order to limit mail-in voting in the Oval Office of the White House, March 31, 2026, in Washington. (Alex Wong/Getty Images)(WASHINGTON) -- President Donald Trump on Thursday slapped 100% tariffs on some pharmaceutical products, ramping up his effort to boost U.S. drug...Read more -
Mortgage rates hit highest level since September as Iran war rattles financial markets
A ''For Sale'' sign is outside a residential home in Oro Valley, Ariz., Dec.12, 2025. (Michael Yanow/NurPhoto via Getty Images)(NEW YORK) -- Mortgage rates have climbed to their highest level since September as fallout from the Iran war ripples through financial markets, Freddie Mac data on Thursday showed.The average interest...Read more -
Stocks tick lower after Trump vows to hit Iran 'extremely hard' in coming weeks
Traders work on the floor of the New York Stock Exchange, March 31, 2026 in New York City. (Spencer Platt/Getty Images)(NEW YORK) -- Stocks ticked lower in volatile trading on Thursday after President Donald Trump delivered a televised address vowing to hit Iran "extremely hard" over the coming weeks.The Dow Jones Industrial Average fell...Read more -
Dow soars over 950 points after Trump suggests US may end Iran war without reopening Strait of Hormuz
U.S. President Donald Trump speaks with members of the media onboard Air Force One on March 29, 2026. (Nathan Howard/Getty Images)(NEW YORK) -- The Dow Jones Industrial Average soared more than 950 points on Tuesday after President Donald Trump appeared to suggest the U.S. may end the Iran war without...Read more


