Latest Business News
US Adds 178K Jobs in March, Unemployment Falls to 4.3%
The US economy added 178,000 jobs in March, surpassing expectations, while unemployment dropped to 4.3%. Experts discuss implications for inflation, Fed policy, and economic trajectory on Fox Business.
The labor market rebounded from prior losses, showing strong hiring.
Oil Prices Surge Over 10% Amid Trump’s Iran Warnings
US oil prices soared more than 10% after Trump vowed to hit Iran 'extremely hard'. Trump's speech fueled escalation fears, causing oil surges and Dow slips.
Gas prices top $4/gallon for first time since 2022 due to Iran war.
Dow Closes Up 1,000 Points on Trump’s Iran Off-Ramp Signal
Dow jumped 1,000 points as Trump suggested possible de-escalation, urging countries to seize the Strait. However, stocks closed mixed after later vows of hard action against Iran.
Markets react volatile to geopolitical tensions.
Gas Prices Exceed $4/Gallon, Expected to Rise Further
Gas tops $4 per gallon amid Iran war-driven oil shocks, worst in decades. Prices expected to continue climbing with ongoing conflict.
Countries respond variably to the energy crisis.
Amazon Imposes 3.5% Fuel Surcharge on Third-Party Sellers
Amazon adds 3.5% surcharge on third-party sellers due to war-spiked fuel prices starting later this month. Fuel and logistics costs hit 'off the charts' levels from Iran conflict.
Impacts e-commerce operations significantly.
Trump Signs Executive Order for 100% Tariffs on Some Pharmaceuticals
President Trump imposed 100% tariffs on select pharmaceuticals via executive order. Move aims at protecting domestic industry amid global tensions.
Affects import chains and pricing.
Oracle Lays Off Thousands to Shift to AI Investments
Oracle reportedly cuts thousands of jobs as part of pivot to AI-focused investments. Layoffs enable reallocation to emerging tech priorities.
Signals broader tech sector trends.
Tesla Sales Rise After Musk Boycotts But Fall Short
Tesla sales increased following a tough year of boycotts but missed targets. Recovery amid challenges highlights ongoing pressures.
Investors watch for sustained growth.
Eli Lilly Signs $2.8B AI Drug Discovery Deal
Eli Lilly partners for $2.8 billion in AI-driven drug discovery. Deal accelerates pharma innovation through tech integration.
Boosts AI applications in healthcare.
McDonald's Introduces $4 Breakfast and Menu Savings
McDonald's rolls out new $4 breakfast items and other savings on menus. Aims to attract budget-conscious customers amid inflation.
Part of value-focused strategy.
Mortgage Rates Hit Highest Level Since September
Mortgage rates reached their peak since September due to economic pressures. Impacts housing market affordability.
Borrowers face higher costs.
OkCupid Settles FTC Data-Sharing Case Without Fines
OkCupid resolves FTC case over data-sharing practices with no penalties. Settlement addresses privacy concerns from March 31 report.
Highlights regulatory scrutiny on dating apps.