News
For Trump, a promised economic boom collides with the costs of war.
2+ hour, 6+ min ago (983+ words) By TONY ROMM and COLBY SMITH To President Donald Trump, the U.S. economy appeared to be moving in his direction at the turn of the year. The stock market was buoyant, prices had started to level out and White House officials…...
Wall St ends sharply lower as intensifying Iran war, soaring crude prompt selloff.
3+ day, 21+ hour ago (489+ words) U.S. stocks fell on Thursday, "as "Iranian strikes on two oil tankers sent crude prices "surging toward $100 per barrel, further exacerbating inflation fears and sending investors fleeing equity markets. All three major U.S. stock indexes slid "more than 1.5% in a broad selloff,…...
Top US exchange executives call for clearer rules as prediction markets grow.
5+ day, 22+ hour ago (382+ words) Executives from "top "U.S. exchanges said on Tuesday prediction "markets require consistent regulation to protect investors as the fast-growing asset class draws "a surge of new users. Prediction markets let users trade contracts tied to the outcome of real-world events, ranging…...
Wall Street roars back on war resolution hopes.
6+ day, 23+ hour ago (533+ words) Stocks in Asia and Europe tumbled on Monday as the Iran "war "entered its second week and oil prices surged as "much as 30% above $100 a barrel. But Wall Street rallied and oil later sank after President Donald Trump indicated "the…...
Trump’s war becomes world’s latest economic hazard.
6+ day, 22+ hour ago (915+ words) By TONY ROMM, COLBY SMITH and ALAN RAPPEPORT Fuel prices could soar and stay elevated for months. That could make groceries and other shipped goods more expensive. And consumers and businesses, stung by the rising costs, could choose to spend…...
Jobs evaporated unexpectedly, a troubling sign for US economy.
1+ week, 23+ hour ago (1010+ words) Hiring fizzled in February, a sign of unexpected weakness in the labor market that sent warning signs flashing through the broader economy. Employers slashed 92,000 jobs last month, the Labor Department reported late last week, with losses cutting across nearly all…...
US dollar surge since start of war on Iran unlikely to last, say FX strategists.
1+ week, 4+ day ago (547+ words) The U.S. dollar's bounceback since the start of the U.S.-Israel war "with "Iran may be short-lived due to lingering doubts about the "safe-haven appeal of U.S. assets, according to FX strategists polled by Reuters who broadly still expect two Federal Reserve rate…...
Financial health of consumers worsened in 2025
2+ week, 3+ day ago (338+ words) The financial health of Puerto Rican consumers worsened in 2025, according to a new report released this week by Estudios T'cnicos Inc. The firm's Consumer Financial Fragility Index rose over the year, reflecting increases in loan delinquencies, personal bankruptcies, and unemployment…...
Fiscal board urges tax reform within budget planning
2+ week, 4+ day ago (410+ words) Discussions on tax reform must take place alongside budget talks as the island moves from crisis management to strategic planning, Robert Mujica, executive director of the Financial Oversight and Management Board for Puerto Rico, said Wednesday. "Conversations need to happen…...
Wall Street ends sharply lower amid AI displacement fears and revived tariff angst
2+ week, 6+ day ago (460+ words) Wall Street stocks "tumbled "on Monday, as ongoing fears of artificial intelligence-related "disruption and the fallout from Friday's U.S. Supreme Court ruling sent investors fleeing from high risk "equities A broad selloff sent all three major U.S. stock indexes more than 1% lower…...