In February, Americans were feeling pretty good about their financial standing. But that was before the Iran war, which is threatening to upend household budgets. A New York Federal Reserve survey released Monday found that consumers expected inflation to be lower in the year ahead, and households, overall, said they were better off than a year ago. The New York…
One thing became clear in Monday’s big market comeback: Traders don’t think this volatility will persist. The Dow Jones Industrial Average closed more than 200 points higher Monday, erasing an 886-point decline seen earlier in the day. The turnaround came after President Donald Trump signaled that the Iran war was nearing an end. The moves…
Indigo is one of a handful of airlines that are rerouting and canceling flights to avoid Pakistan’s airspace. Nicolas Economo |NurPhoto | Getty Images IndiGo said on Tuesday that CEO Pieter Elbers had resigned from his position with immediate effect for personal reasons, months after mass flight cancellations left tens of thousands of passengers stranded and…
Workers prepare butter chicken at Daryaganj restaurant in New Delhi, India, on Monday, Feb. 12, 2024. Daryaganj and Moti Mahal Delux restaurants are in a legal battle over the ownership of butter chicken. Photographer: Saumya Khandelwal/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The Iran war is causing global disruption, and restaurants in…
Swedish legaltech Legora has raised $550 million at a $5.55 billion valuation in a Series D round, the company announced on Tuesday, as investors pile money into European AI startups. The round was led by Accel, with participation from existing investors Benchmark, Bessemer Venture Partners, General Catalyst, ICONIQ, Redpoint Ventures and Y Combinator. New investors…
A pedicab drives past a traffic light that is out due to a power cut in Havana on March 4, 2026. Yamil Lage | Afp | Getty Images U.S. President Donald Trump renewed his threat of a “friendly takeover” of Cuba, saying the communist-run Caribbean island is in “deep trouble.” His latest comments come less…
Scrap metal on a barge near the Volkswagen AG factory in Wolfsburg, Germany, on Tuesday, March 10, 2026. Bloomberg | Bloomberg | Getty Images Germany’s Volkswagen on Tuesday reported a sharp drop in annual operating profit and flagged another tough year ahead as the auto giant continues to grapple with U.S. tariffs and competition in…
Bill Ackman, CEO of Pershing Square Capital Management, speaking on CNBC’s Squawk Box on Oct. 21st, 2025. CNBC Outspoken investor Bill Ackman is taking a step toward his long-held ambition of building a publicly traded investment vehicle modeled on Warren Buffett’s approach, filing to list his hedge fund firm Pershing Square Capital Management on the…
Foreign workers look at a tall plume of black smoke ascends following an explosion in the Fujairah industrial zone on March 3, 2026. Fadel Senna | Afp | Getty Images Iran has defended its strikes against its Gulf neighbors, telling CNBC that U.S. military assets located in surrounding territories were “legitimate” targets in its fight…
Galaxy Globe bulk carrier and Luojiashan tanker sit anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Muscat, Oman, March 9, 2026. Benoit Tessier | Reuters LONDON — European stocks opened notably higher on Tuesday, as traders watch developments in the Middle East and reduced…
