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Live Updates: Iran war keeps oil and gas prices up, with Strait of Hormuz paralyzed despite Trump's demands CBS NewsUS gas prices surge to their highest since October 2023 CNNIran War Spurs a Surge in Stock Sales From US Shale Companies Bloomberg.comOil Holds Above $100 a Barrel as Supply Worries Persist The New York Times
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Trump Threatens Xi Summit Delay If China Doesn't Help in Hormuz Bloomberg.comLive updates: Iran war news; Trump urges China, allies to help with Strait of Hormuz crisis CNNTrump threatens NATO allies over Strait of Hormuz help NPRExclusive: Trump Administration Plans to Announce Coalition to Escort Ships Through Strait of Hormuz WSJ
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Dow bounces 500 points to start the week as oil prices fall back to $95 a barrel: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq rise as Wall Street crosses fingers for Hormuz reopening Yahoo FinanceFalling oil prices send Wall Street toward its best day since the start of the Iran war AP NewsFutures Rise As Oil Backs Off $100; Here Comes Nvidia Investor's Business Daily
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Oscars 2026 live: One Battle After Another, Jessie Buckley and Michael B Jordan win big at Oscars BBCThe Oscars had feathered gowns, K-pop lightsticks and ballet's revenge. Inside the strangest, funniest and most viral Oscar moments. Yahoo'One Battle' for best picture USA Today2026 Oscars: ‘One Battle After Another' wins best picture and ‘Sinners' shines CNN
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Mark Zuckerberg's company is considering drastic measures after a key product failed to live up to expectations.
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The economic banishment of all things Russian. Tariffs on Chinese imports. Pandemic-caused shortages of computer chips, bicycles, garage door parts and other imports. Brexit.
Just about everywhere you turn, you can see that the tectonic plates of the global economy have stopped converging and are starting to pull apart in ways that will determine new winners and losers, says Ethan Harris, head of global economics for Bank of America Securities. "Deglobalization is a gradual process, and in the long run, very important" to investors, he says, because it will have profound impacts on corporate profitability.
SEE MORE 16 Dividend Kings for Decades of Dividend Growth
Globalization refers to the increase of commerce across borders. U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. Strategists at BofA have estimated that over the past 20 years, globalization has contributed more than half of what has been a robust expansion in profit margins. Globalization has also helped to deliver low-cost goods to American consumers.
But now, says market strategist Ed Yardeni, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home. "Deglobalization was almost inevitable," Yardeni says. U.S. companies are starting to "reshore" production back to the U.S., "near-shore" it to neighbors such as Mexico, or "friend-shore" it to allies such as Vietnam.
Investment firm Piper Sandler counted more than 900 announcements of companies either building or expanding manufacturing facilities in the U.S. in the 12 months ending in May of 2022. In 2012, there were only about 100 such announcements. Over the long term, companies
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