As Iran and the United States work with mediators to end seven months of hostilities, the reality in the Strait of Hormuz is changing in ways that could be a game-changer in ongoing negotiations. According to the latest data from tanker tracking websites, traffic through the key waterway has been steadily increasing, with some estimates … Read more
Private sector hiring rebounded in September, according to payroll processor ADP, helped by continued strength in fields such as education and health care. Private companies added 90,000 jobs this month, an improvement from the revised 36,000 jobs in August, new data released Wednesday showed. Economists surveyed by Bloomberg expected a gain of 75,000 jobs. Workers … Read more
Memory giant Micron (MU) will report its fourth-quarter earnings after the bell on Wednesday, giving investors insight into the state of the memory and artificial intelligence market. Micron’s fortunes, along with those of fellow memory chip makers Samsung (005930.KS) and SK Hynix (SKHY), have soared amid sky-high demand fueled by global AI development. For example, … Read more
Oil prices retreated on Tuesday, reversing recent gains as investors weighed signs of export recovery from Middle East producers against uncertainty surrounding the fate of Iran’s war. Brent crude oil for November delivery fell 1.5% to trade at $103.72 per barrel at 1:10 p.m. ET, while WTI crude oil for October delivery fell 2.2% to … Read more
The Trump administration’s lowering of fuel efficiency standards this week is a victory for consumers over heavy-handed government dictates designed to cajole the auto industry into producing electric vehicles, which are more expensive, on average, than gasoline-powered cars. At the same time, anyone who thinks that this means the end of the transition towards more … Read more
Traders work at the New York Stock Exchange (NYSE) in New York City, USA, September 25, 2026. Brendan McDermid | ReutersStock futures rose slightly on Tuesday evening, following another session in which stocks succumbed to pressure from rising bond yields. Contracts linked to the Dow Jones Industrial Average rose 0.16%. S&P 500 futures also rose … Read more
Another proposed health system merger is poised to further reshape Minnesota’s healthcare industry. Bloomington-based HealthPartners and Duluth-based Essentia Health announced Tuesday that their respective boards of directors have approved a merger plan. If approved by regulators, the merger of the two nonprofit health systems will be complete by early next year. The new organization would … Read more
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The Dow Jones Industrial Average fell, but other major stock indexes were mixed at the close Tuesday amid new data on consumer confidence and the labor market, while key Treasury bond yields hit a 24-year high. Meanwhile, Nvidia (NVDA) and Bloom Energy (BE) were among stocks offering potential entries into the stock market today. The … Read more
El Pollo Loco will open its first restaurant in New York City next year as the California chain looks to become a national player. El Pollo Loco has closed three development deals for a total of 15 restaurants in the New York area over the next five years, the company announced Tuesday. The first location … Read more