business news
Cramer: Meta is not the new tobacco, warns against selling over social media court rulings
The slump in Meta Platforms — exacerbated by two social media court defeats this week — could be setting up as a buying opportunity. Meta shares sank more than 8% on Thursday after a Los Angeles jury late Wednesday found the company (and Google’s YouTube) negligent in the case of a woman who alleged she […]
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Fannie Mae accepts first crypto-backed mortgage product
Fannie Mae will now accept crypto-backed mortgages via a new product by mortgage company Better Home and Finance and Coinbase. It’s not the first crypto backed mortgage, but it is the first accepted by Fannie Mae, which is under government conservatorship. The offering allows homebuyers to use their crypto assets as collateral. Fannie Mae will […]
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United Airlines, flight attendants reach labor deal for first raises since pandemic
United Airline flight attendants picketed outside Terminal B at Logan Airport, seeking a new contract. John Tlumacki | Boston Globe | Getty Images United Airlines and its flight attendant union have reached a tentative labor deal that will include their first raises in roughly six years. If ratified by flight attendants, it would make United […]
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Federal Reserve urges judge to deny bid to revive Jerome Powell probe subpoenas
Federal Reserve Chair Jerome Powell participates in a board meeting at the Federal Reserve on March 19, 2026 in Washington, DC. Kevin Dietsch | Getty Images The Federal Reserve’s Board of Governors urged a judge to reject prosecutors’ request that he reconsider his recent decision to block subpoenas issued in a criminal investigation of Chair […]
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Retail firms warn of price hikes if Iran war extends for months
Shipping containers are stacked at the port of Los Angeles in Long Beach, California, U.S., March 10, 2026. Caroline Brehman | Reuters Retail firms are warning that the conflict in the Middle East is driving up costs and could lead to price hikes if the war continues beyond the short term. Instability in the Middle […]
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Trump to Congress: End DHS shutdown or face ‘very drastic measures’
President Donald Trump at a cabinet meeting Thursday urged Congress to find a quick resolution to the Department of Homeland Security shutdown that’s leading to increasing headaches for air travelers. “They need to end the shutdown immediately, or we’ll have to take some very drastic measures,” Trump said from the White House. He didn’t describe […]
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Trump says Iran let 10 oil ships through Strait of Hormuz as ‘present’ to U.S.
Iran allowed a total of 10 oil tankers to pass through the Strait of Hormuz this week as a “present” to the United States, President Donald Trump said Thursday. Iran made the gesture to show the U.S. “the fact that we’re real and solid and we’re there,” Trump said during a Cabinet meeting. The comments […]
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Stocks making the biggest moves midday: Meta, Best Buy, AppLovin, Scotts Miracle-Gro and more
Check out the companies making the biggest moves in midday trading: Meta Platforms — The social media giant tumbled more than 6%. Meta lost two major legal cases concerning child safety this week. While the financial penalties aren’t large relative to the company’s size, Meta’s losses in court raise questions around Big Tech’s role in […]
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MLB faces a historic shift as potential lockout, media rights and other league changes loom
Thursday’s Opening Day may be the calm before the storm for Major League Baseball. The league’s collective bargaining agreement with its players expires at the end of this season. Owners, with the commissioner’s backing, are almost sure to push for a salary cap (which would likely come with a salary floor to get players to […]
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Trump says oil and stock market reaction to Iran conflict not as severe as he expected
President Donald Trump said Thursday that neither the spike in oil prices nor the slump in the stock market during the Iran war were as bad he had anticipated. In a Cabinet meeting, Trump expressed confidence in the war effort and said the economic damage will reverse. Addressing Treasury Secretary Scott Bessent, the president said […]
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