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S&P 500 closes lower as oil climbs, private credit woes mount

WORLD

S&P 500 closes lower as oil climbs, private credit woes mount

US stocks fall as oil surges amid US-Iran tensions and market jitters.

Stocks bounce from lows on hopes for US-Iran talks

WORLD

Stocks bounce from lows on hopes for US-Iran talks

Wall Street stocks rebounded from session lows as hopes for US–Iran talks eased concerns, even as oil prices rose and geopolitical tensions continued to weigh on global markets.

LaGuardia traffic was guided by two controllers at time of crash

WORLD

LaGuardia traffic was guided by two controllers at time of crash

There were four controllers on duty the night of the accident. But only two were in the cab — the panoramic, glass-enclosed room atop the tower where air-traffic controllers work

Memory is Wall Street’s favorite tech trade as Magnificent 7 disappoints

TECHNOLOGY

Memory is Wall Street’s favorite tech trade as Magnificent 7 disappoints

Companies like Sandisk Corp., Western Digital Corp., and Seagate Technology Holdings Plc are among the leaders in the S&P 500 Index in 2026

Arm to sell its own chips for first time in bid for AI sales

WORLD

Arm to sell its own chips for first time in bid for AI sales

Meta Platforms Inc. will be the first major customer for the UK-based company’s chip, called an AGI CPU, Arm said Tuesday at an event in San Francisco

OpenAI non-profit names leaders, aims to spend $1 billion in 2026

WORLD

OpenAI non-profit names leaders, aims to spend $1 billion in 2026

The OpenAI Foundation intends to focus its 2026 spending on helping protect society from potential artificial intelligence risks

War knocks global economy with dual shock to growth, prices

BUSINESS

War knocks global economy with dual shock to growth, prices

Multiple purchasing manager indexes compiled by S&P Global for March showed declines

Wall Street falls on Israel-Iran war and credit worries as oil rises

BUSINESS

Wall Street falls on Israel-Iran war and credit worries as oil rises

Without any signs the conflict in the Middle East is abating, the S&P 500 extended this month’s decline

Iran charges some ships Strait of Hormuz transit fees for safe passage

WORLD

Iran charges some ships Strait of Hormuz transit fees for safe passage

While Iran is demanding the transit fee on a case-by-case basis, the Islamic Republic has floated the idea of formalizing the charges as part of a broader postwar settlement, one person said.

US-approved Iranian barrels find a cautious reception in India

WORLD

US-approved Iranian barrels find a cautious reception in India

The US issued its third waiver for restricted oil on Friday, allowing purchases of Iranian oil already on the water in the Trump administration’s latest effort to cool rising prices with additional supply.

Gold extends decline for 10th day as Iran war concerns persist

BUSINESS

Gold extends decline for 10th day as Iran war concerns persist

Though bullion declined nearly 17% from the start of the war in late February to Monday’s close, it had previously been on a prolonged rally underpinned by factors including geopolitical and trade tensions and elevated purchases by central banks.

Asian stocks rise as Trump delays Iran strikes

MARKETS

Asian stocks rise as Trump delays Iran strikes

Shares gained in Japan, South Korea and Australia at the open, sending the broader MSCI Asia Pacific Index higher by 1.5%. That came after US stocks rose as Trump postponed the strikes citing “productive conversations” with Iran, sending Brent crude 11% lower on Monday.

Gold erases 2026 gains as Iran war sends metals plunging

BUSINESS

Gold erases 2026 gains as Iran war sends metals plunging

Gold Prices: The metal ended last year at $4,319.37 an ounce and spiked at an all-time high above $5,595 an ounce in late January

Credit Suisse’s AT1 bond crash fueled leadership crisis at HDFC

BUSINESS

Credit Suisse’s AT1 bond crash fueled leadership crisis at HDFC

The rift came down to differing views over accountability, particularly over client losses tied to risky bonds sold by Credit Suisse and recent restrictions imposed on HDFC Bank in Dubai.

Pakistan's disheartening message for cricket fans as Iran war batters economy

WORLD

Pakistan's disheartening message for cricket fans as Iran war batters economy

The Pakistan Super League, the nation’s biggest sporting event that takes place from March 26 to May 3, has shifted to a watch-from-home model, the organizer said in a statement following consultation with the government.

Gold price crashes more than 3% as Iran war deepens inflation concerns

BUSINESS

Gold price crashes more than 3% as Iran war deepens inflation concerns

Bullion plunged as much as 3.8% to near $4,320.30 an ounce — less than a dollar above where it ended last year.

Bitcoin drops below $69,000 as war fears weigh on crypto markets

BUSINESS

Bitcoin drops below $69,000 as war fears weigh on crypto markets

Bitcoin has sold off since the start of the war, losing roughly 20% since the US and Israel started their attacks on Iran at the end of February.

Global LNG exports fall to six-month low on Iran conflict

BUSINESS

Global LNG exports fall to six-month low on Iran conflict

The 10-day moving average for LNG shipments has fallen about 20% from the start of the month to 1.1 million tons, the lowest since September, according to Bloomberg analysis of ship-tracking data on Kpler.

Treasury Secretary Scott Bessent says US to press ahead in Iran war with Hormuz in sights

WORLD

Treasury Secretary Scott Bessent says US to press ahead in Iran war with Hormuz in sights

Treasury Secretary Scott Bessent’s comments, combined with Trump’s demand Saturday that Iran “fully open, without threat” the strait, were a signal of resolve as spiking oil and gasoline prices

Shockwave of war is rippling through the global economy

BUSINESS

Shockwave of war is rippling through the global economy

The subsequent spike in energy prices, sparked by disruptions to regional shipping and production, and the consequent threat to global consumer prices, has prompted a spectrum of central-bank responses in the past few days.

Trump’s Iran war drive exposes limits of ‘Yes Sir’ cabinet

WORLD

Trump’s Iran war drive exposes limits of ‘Yes Sir’ cabinet

Those privately pressing Trump to strike Iran included Israeli Prime Minister Benjamin Netanyahu, media mogul Rupert Murdoch and some conservative commentators

US touts progress against Iran as Trump floats ‘winding down’

WORLD

US touts progress against Iran as Trump floats ‘winding down’

OpenAI plans to almost double its headcount this year: Report

BUSINESS

OpenAI plans to almost double its headcount this year: Report

The maker of AI assistant ChatGPT will look to increase headcount to about 8,000 from about 4,500, the FT said

Charting the global economy: Interest rate hikes may be coming

WORLD

Charting the global economy: Interest rate hikes may be coming

Central bankers around the world are in a tough spot

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