Breaking News: Markets
Polymarket removes wagers on U.S. service member rescue mission in Iran
Samuel Boivin | Nurphoto | Getty Images Polymarket removed a forum related to the rescue mission of U.S. military servicemembers amid political pressure, the latest sign of mounting scrutiny around prediction markets. Rep. Seth Moulton, D-Mass., decried the Polymarket page that allowed users to bet on which day the U.S. would confirm the rescue of […]
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Buffett may end donations to Gates charity over Bill’s ties to Epstein
BECKY QUICK: Warren, welcome. It is wonderful to see you this morning. WARREN BUFFETT: It is fun to be on. QUICK: You are on for an interesting reason. For 22 years, you had been holding an annual luncheon — an auction for a luncheon — to benefit the Glide Foundation in San Francisco. You retired from that […]
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U.S. payrolls rose by 178,000 in March, more than expected; unemployment at 4.3%
The U.S. labor market bounced back in March, with job creation much stronger than expected though the broader picture of a slow-growth labor market held intact. Nonfarm payrolls rose a seasonally adjusted 178,000 during the month, a reversal from the 133,000 decline in February and better than the Dow Jones consensus estimate for 59,000, the […]
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Trump is calling for a major increase in defense spending alongside cuts in domestic spending
President Donald Trump is asking Congress to boost defense spending to $1.5 trillion, the largest such request in decades and the latest signal of the president’s emphasis on U.S. military investments over domestic programs. The 2027 plans for the Pentagon were confirmed in a White House outline of Trump’s 2027 budget proposal released Friday. The White […]
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United unveils basic Polaris business fare in premium cabin overhaul
United Airlines new Polaris seat on one of its Boeing 787 Dreamliners Leslie Josephs/CNBC Does it matter where you sit if you’re sipping Champagne in first class? United Airlines is betting that for some travelers looking for luxury at a discount, it doesn’t. The carrier is launching new, cheaper tiers for its top-end Polaris and […]
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Asia-Pacific markets rise in Easter trade on hopes for Hormuz reopening
Asia-Pacific markets traded higher Friday, after news that Iran and Oman were drafting a protocol to “monitor transit” through the Strait of Hormuz raised hopes that the crucial waterway could partially reopen. Tanker traffic through the key oil-shipping route “should be supervised and coordinated” with the two countries, said Kazem Gharibabadi, Iran’s deputy foreign minister of […]
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United Airlines hikes checked bag fee by $10 as fuel prices continue to climb
United Airlines Bloomberg | Bloomberg | Getty Images United Airlines hiked its checked bag fee by $10 on Thursday, becoming the second U.S. carrier in less than a week to raise the fee as the industry grapples with this year’s surge in fuel costs, airlines’ biggest expense after labor. United’s new fee will be $45 […]
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Brent oil spot price for actual cargo soars to $141, highest level since 2008 financial crisis
The spot price for current physical cargoes of Brent crude oil soared Thursday to $141.36, the highest level since the 2008 financial crisis, according to S&P Global, which tracks the data. The spot price reflects the demand for Brent oil that will be delivered in the next 10 to 30 days. The high price for […]
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Coinbase clears key regulatory hurdle in bid to bolster its stablecoin business
Costfoto | Future Publishing | Getty Images Coinbase received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a trust bank, the company said Thursday. If finalized, the crypto exchange will be able to operate payment products in addition to its custody business under federal supervision, Coinbase chief […]
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