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Dow rallies 1,000 points, S&P 500 tops 7,100 for the first time after Iran declares Strait of Hormuz open: Live updates CNBCOil plunges 13%, Dow soars 1,000 points after Iran says Strait of Hormuz is ‘completely open' during ceasefire CNNShipowners and Oil Traders Wary as Iran Says Hormuz Fully Open Bloomberg.comIran reopens Strait of Hormuz, but Trump says blockade on Iranian ships and ports will stay in force AP News
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President Trump assailed New York Mayor Zohran Mamdani, warning that his push to ramp up taxes on the wealthy would be destructive to the nation's largest city.
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President Trump welcomed the announcement, but U.S. officials said the naval blockade on vessels leaving from and going to Iranian ports remains in effect.
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U.S. inflation is going to get worse before it gets better, but price increases tied to the Iran war could start to evaporate during the summer and open the door for the Federal Reserve to cut interest rates again.
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Anthropic CEO heads to White House amid hacking fears over new AI model The Washington PostClaude Mythos: Finance ministers and top bankers raise serious concerns about AI model BBCAnthropic's Nuclear Bomb War on the RocksOpinion | After Mythos, the Future of the Internet Is At a Crossroads The New York TimesGlobal Financial Watchdog to Share Insights on Anthropic's Mythos Bloomberg.com
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Netflix shares slide after surprise Hastings exit sparks growth concerns ReutersNetflix chairman and co-founder to step down from board in June | CNN Business CNNNetflix stock slides as earnings beat estimates, co-founder Reed Hastings announces departure from board Yahoo FinanceNetflix cofounder Hastings to step down after it lost Warner Bros
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China steps up Iran diplomacy while seeking smooth summit with Trump ReutersWhy China Isn't Pushing Iran to Accept U.S. Demands to End War The New York TimesThe Iran War Is a Win for China Foreign AffairsThe Iran war is not about China Atlantic CouncilHow China Is Positioning Itself Ahead of the Trump-Xi Summit The Diplomat - Asia-Pacific
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Williams noted that the conflict has "intensified the uncertainty" around national and local conditions.
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Jury awards $11.8 million to Dodgers fan blinded by LAPD during World Series celebration Los Angeles TimesDodgers fan awarded $11.8 million by jury after partial blinding by LAPD during World Series celebration Yahoo SportsJury awards $11.7M to man partially blinded by LAPD officers during Dodgers celebration LAistTrial of LAPD officers accused of shooting Dodgers fan in the eye goes to jury Courthouse News
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Also in today's newsletter: Israel agrees to ceasefire in Lebanon, and Netflix founder to step down from board
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A prolonged shutdown of a key oil route is choking jet fuel supply, forcing Europe to scramble for alternatives.
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Executives at the food and drink giant announced a rise in sales of drinks and snacks but warned that "inflation will come."
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Airlines have raised airfare, fuel surcharges and baggage fees this year to help cover a surge in fuel costs since the Iran war started on Feb. 28.
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Exports and fiscal stimulus offset a still weak domestic economy in the first quarter
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China's export growth slowed in March as manufacturers grappled with surging energy costs, with the Iran war disrupting supplies, while imports jumped more than expected.
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The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.
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The airline's strategy involves three key moves to offset the Iran war-driven fuel spike, and CEO Ed Bastian says it's already working.
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Leaders of the world's top central banks warned that escalating trade conflicts could ricochet through financial markets and hurt the world economy, potentially prolonging the era of ultralow interest rates.
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