News from the economy, politics and the financial markets
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Latest news
Oil prices extend multi-day rally as Trump issues new threat to Iran; Brent tops $115 per barrel
The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.
Why HSBC is 'turbo bullish' as the Iran war drags on — but its analysts are rethinking Europe
Strategists at banking giant HSBC said they are "max bullish" on stocks, which can look past "temporary setbacks"
S&P 500 futures edge higher as Wall Street looks ahead to ‘Mag 7’ earnings and Fed decision: Live updates
On Tuesday, the S&P 500 and Nasdaq Composite slipped from the the records they notched a day earlier.
Finland’s Kone to buy German rival TK Elevator in blockbuster $34.4 billion deal
The combination would create the world’s largest elevator maker and marks one of Europe's biggest takeovers in recent years.
UBS profits rocket 80% to $3 billion for first quarter beat, shares pop 5%
UBS reported its first quarter earnings on Wednesday, with net profits beating analyst estimates.
UAE's departure from the OPEC oil cartel is not without precedence. Who could be next?
The United Arab Emirates' decision to leave OPEC is reverberating across global energy markets, sparking questions on who else could follow.
U.S. warns banks of sanctions risk over China ‘teapot’ refineries handling Iranian oil
The alert said China purchases approximately 90% of Iran's oil exports, with teapot refineries accounting for the majority of these imports.
Purdue Pharma receives $5.5 billion sentence, paving way for opioid settlement
Purdue Pharma was sentenced Tuesday to $5.5 billion in fines and penalties on charges of deceiving regulators and paying doctors to boost opioid sales.
Trump ballroom unlikely to get White House Correspondents' dinners or end president's off-site events, critics say
Critics say a White House ballroom would be a "vanity" project for President Donald Trump. He and the Department of Justice say it's needed for security.
James Comey charged with threatening Trump's life in ‘8647’ seashell post
Trump had accused the former FBI Director Comey of "calling for the assassination of the president" by sharing the image of the numbers in an Instagram post.
OpenAI trial day 2 takeaways: Musk testifies OpenAI was created as nonprofit to counter Google
Elon Musk sued OpenAI, Sam Altman and Greg Brockman in 2024, claiming they reneged on their promise to keep the artificial intelligence lab a nonprofit.
DHS shutdown: Congressional dysfunction imperils pay for TSA, Secret Service
The Department of Homeland Security has been shut down since February, as Congress continues to look for a compromise to fund the agency.
Starbucks raises full-year outlook as turnaround takes hold — despite higher gas prices
Starbucks' global same-store sales, which only includes cafes open at least a year, increased 6.2%, fueled by more visits to its locations.
Stocks making the biggest moves after hours: Robinhood, Booking Holdings, Starbucks, Visa & more
See which stocks are posting big moves after the bell.
First Vegas-style casino opens in New York City
New York City's first full-scale casino with live table games opened to gamblers more than a decade after New York voters approved an expansion of gambling.
4 unique credit card features: Rare perks and surprising restrictions
From avoiding sales tax to annual cash back redemptions, these credit cards get specific in their value and drawbacks.
United Arab Emirates to leave OPEC May 1, energy chief says still committed to oil price stability
The UAE said it decided leaving OPEC was in its national interest after reviewing its production policy and capacity.
U.S. airlines are hiking fares — and travelers keep booking
Executives say travelers keep booking despite big jumps in airfare as they seek to cover the cost of fuel.
FCC launches review of Disney broadcast licenses years ahead of schedule
The Federal Communications Commission has told Disney to file its broadcast license renewals early, citing concerns around its DEI policies.
Here's everything to expect when the Fed issues its latest interest rate decision Wednesday
In what could be Jerome Powell's final meeting as Fed chair, he and his fellow policymakers are likely to continue their cautious approach.
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