Economy
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Stock markets close at record highs as optimism grows that Iran conflict may soon end
The S&P 500 closed with a gain of 0.80%, ending at 7,022.95, and the Nasdaq Composite gained 1.59% to close with 24,016.02. The Dow Jones Industrial Average lost 72.27 points, or 0.15%, to close at 48,463.72.
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Markets signal optimism of U.S.-Iran resolution as oil prices fall and stock markets surge
The gains in U.S. stock markets this week have effectively erased the losses markets took since the start of the conflict on Feb. 28.
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Producer prices rise far lower than expectations in March
The producer price index, which measures the inflation rate at the wholesale level, increased half what estimates had expected to see.
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New York City lost nearly 5,000 businesses last year
Employers closed their doors or left for other low-tax states.
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Inflation rate held steady in December at 2.7% compared to same time last year
The Federal Reserves targeted inflation is 2% annually.
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Monthly jobless rate declines for first time since June, economy gained 50,000 jobs
The number of jobs added in November was 56,000, according to revised bureau analysis,
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US trade deficit shrinks to $29.4 billion, lowest since 2009
The deficit was last reported at $48.1 billion
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Why this week’s labor data matters more than the headlines
Before last fall’s government shutdown, the jobs market already was bending in a less reassuring direction.
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Tesla loses title of world's biggest EV maker after sales continue to drop
Tesla said it only delivered 1.64 million vehicles in 2025, down 9% from a year earlier. It also saw a drop in sales in 2024.
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New coins, ‘Redbacks’ released through Texas’ new Bullion Depository
Texas boasts the only state-run bullion depository in the country.
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Bankruptcies on the rise across US economy, large corporate filings highest in 15 years
Among the big companies that filed for bankruptcy were JoAnn Fabrics, Spirit Airlines and Hooters restaurants
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California presses wealth tax despite national unpopularity, billionaires threats to flee
A ballot initiative currently being prepared for November 2026, known as Initiative 25-0024 or the “2026 Billionaire Tax Act,” would impose a one-time 5% levy on the net worth of individuals and trusts with at least $1 billion in assets as of January 1, 2026.
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Louisiana businessman sells company for $1.7B, allocates $240M as bonuses for employees
The deal in which Eaton acquired Fibrebond committed payouts averaging over $400,000 to each of the 540 employees, to be paid out over five years.