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Live Updates: Trump says Strait of Hormuz deal could happen today or tomorrow amid Iran-Oman talks CBS NewsAn agreement on the Strait of Hormuz is taking shape - but not one Trump wants CNNNegotiators Close In on Deal With Iran to Open Hormuz WSJIran Says It Is Nearing Final Agreement With Oman on Strait of Hormuz The New York TimesProposed Hormuz deal would give Iran control of inbound traffic, sources say Reuters
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Secret FBI probe cast Trump as possible Russian asset after Comey firing, memos show Fox NewsWhite House declassifies info on secret FBI probe into whether Trump fired Comey at Russia's behest, official says CBS NewsFBI opened probe into whether Trump was Russian agent after he fired James Comey, newly revealed memos show New York Post
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Lilly reports second-quarter 2026 financial results, raises full-year guidance, and highlights continued growth and pipeline progress Eli Lilly and CompanyEli Lilly easily tops quarterly estimates, raises outlook as Zepbound and Mounjaro sales surge CNBCLilly's Mounjaro, Zepbound sales surge, widening lead over Novo Nordisk ReutersLilly Boosts Sales Guidance on Strong Demand for Obesity Drugs Bloomberg.com
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AI can transform your small business, but without proper governance, it can also create costly compliance risks.
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CEO Chris Kempczinski blamed inconsistent execution and a pullback in digital deals. The chain also named a new head of its US business.
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‘Spider-Man: Brand New Day' Becomes Highest-Grossing Movie of 2026 in 7 Days With $1.15 Billion variety.comReview: Spider-Man: Brand New Day reminds us that superhero movies can be good Ars TechnicaWeekend Preview: After Hitting a Billion, How High Can SPIDER-MAN Go? Boxoffice Pro'Avengers: Doomsday's Russo Brothers Congratulate 'Spider-Man: Brand New Day' Team On Box Office Success: "The Gauntlet Has Been Passed" Deadline
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The Mediterranean archipelago is a hot destination for U.S. companies seeking to shield profits from income taxes.
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The price of oil fell sharply on hopes that talks were progressing on reopening the Strait of Hormuz.
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Aggressive tactics are prompting increased regulatory scrutiny
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The IRS recently changed how it oversees every credentialed tax professional in the country. Most practitioners had no idea it was coming.
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The CrowdStrike outage created a new sense of urgency for companies to protect their tech systems. A study by Shane Greenstein and colleagues illustrates just how many companies are vulnerable to cyberattacks and other threats simply because they put off updating their software.
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Stocks jumped out of the gate Friday after the release of the August jobs report. But enthusiasm from the few investors that stuck around ahead of the long holiday weekend didn't last, with all three indexes ending in the red.
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The Labor Department this morning said the U.S. added 315,000 new jobs in August, well below July's 526,000. Also in the jobs report: the unemployment rate edged up to 3.7% from 3.5%; the labor participation rate, or the number of people actively seeking work, improved to 62.4% from 62.1%; and average hourly earnings - a key measure of labor cost inflation - was up 5.2% year-over-year, same as it was in July.
"Friday's jobs data provided some moderate relief, with payrolls almost landing precisely on consensus at 315,000 in August," says Douglas Porter, chief economist at BMO Capital Markets." While no doubt a solid advance - and completely inconsistent with recession chatter - other aspects of the report sent some calming signals." Porter points to steady wage growth, an increasing labor force and the rising unemployment rate that suggest "the extreme tightness in the job market may be beginning to moderate - almost exactly what the Fed doctor ordered."
Still, the major indexes, after being up more than 1% each around lunchtime, swung lower in afternoon trading after news reports indicated Russian energy giant Gazprom will indefinitely suspend operations of a natural-gas pipeline to Germany.
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By the close, the Nasdaq Composite was down 1
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