Oil Prices Tumble 6% as Trump Shows Eagerness to Talk to Iran
Investors reacted to signals of possible de-escalation of the war in the Middle East.
Iran Says ‘Non-Hostile’ Ships Can Sail Through the Strait of Hormuz
Ships with no ties to Israel or the United States would be allowed to pass, the government said, but it was unclear if any vessels would try.
Delta Air Lines Says It Will Suspend Special Services for Congress Members
Airport escorts and “red coat” assistance for lawmakers will be suspended, the airline said on Tuesday, citing the extended partial government shutdown.
New York Times Accuses Pentagon of Defying Court Order
The company said in a legal filing that the department sought to fashion an “end run” when it issued revised media rules on Monday.
New Limits on Investors and a Debt Downgrade Add to Private Credit Woes
Investors are concerned about the health of the industry, which ballooned over the past decade.
Russian Oil Shipment Puts Focus on Kremlin Spy Outpost in Cuba
Moscow may be challenging President Trump’s effort to choke Cuba’s economy. China also has suspected listening posts on the island.
High Oil and Gas Prices Could Outlast Trump’s War With Iran
While the president has promised rapid relief, Americans could feel the financial sting of the conflict for some time after it ends.
Epic Games Lays Off Over 1,000 Employees, Citing Fortnite Slump
The cut represents about 20 percent of the video game company’s work force, a spokeswoman said.
Covid Relief Loans Are Haunting Small Businesses
The Small Business Administration lent $378 billion to keep businesses afloat. Getting paid back is proving difficult.
War in Iran Is Disrupting Air Travel, Hitting Middle East Hardest
Some airlines and travelers, especially in the Middle East and elsewhere in Asia, are bearing the brunt of the pain, while others are doing better.
Oil Prices Rise After Iran Denies Talks With Trump
President Trump had set off a drastic market reaction on Monday by backing away from a threat to strike Iranian energy infrastructure.
Investors Question Whether Quick Peace in Iran Is Possible
Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
College Graduates Are Facing the Grimmest Job Market in Years
Artificial intelligence could reshape work, but for now a low-hire, low-fire labor market is the main impediment for young people seeking employment.
Reality TV Confronts a Harsh TV Reality
The number of unscripted series has plummeted by a third since 2022. As the industry rapidly changes, an era is quietly vanishing.
Pentagon Adopts New Limits for Journalists After Court Loss
The Defense Department said it would close the Pentagon’s work area for journalists, among other changes, after a judge found the existing media policy unconstitutional.
Trump Sets Up ‘Pax Silica’ Fund to Reduce Global Dependencies
Trump officials said on Monday that the war in Iran had emphasized the need to reduce vulnerabilities for energy and technology.
ICE Agents Are Now Patrolling U.S. Airports. Here’s What to Know.
The deployment comes as a battle over Department of Homeland Security funding has led to closed security checkpoints, long lines and missed flights.
Trump Faces Blowback on Easing Iran Oil Sanctions
President Trump once assailed the Obama administration for making cash payments to Iran. Now he supports sanctions relief that could give the country a $14 billion windfall.
Warren Requests Information From MrBeast About Crypto and Children
The world’s most popular YouTube celebrity, who markets to children and has bragged about crypto trades, is getting into banking. Senator Elizabeth Warren has concerns.
For Western Oil Companies, War in Iran Means Bigger Profits, and Risks
American and European oil and gas companies are expected to earn a lot more as prices surge but are worried about the future.