Economic News
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BofA's trading desk avoided a single daily loss in Q1 amid market turmoil
Recent market volatility, partly due to the War in Iran, continues to boost Wall Street profits
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Snapchat owner cuts 16% of global staff in latest round of job cuts
Snap Inc., the owner of Snapchat, is cutting about 16% of its global workforce, which means around 1,000 jobs
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Carney suspends Canada's fuel tax in first act after securing a majority government
Canadian Prime Minister Mark Carney has suspended the fuel tax in response to the Iran war
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Wall Street rallies to the edge of its all-time high as oil prices ease
U.S. stocks rallied to the edge of their all-time high, and crude oil prices eased as hopes climbed that the United States and Iran may try again on talks to end their war
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The Walt Disney Co. begins laying off 1,000 employees
The Walt Disney Co. has begun layoffs expected to lead to 1,000 job cuts across the company
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7-Eleven expects to close hundreds of its stores in North America this year
7-Eleven expects to close hundreds of its convenience stores this year
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Banks see a 'resilient' US economy but warn of negative impacts from rising energy prices
The nation’s biggest banks posted strong profits in the first quarter, driven by a resilient economy and increased dealmaking in investment banking
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US wholesale prices surged 4% last month after the war in Iran sent energy prices flying
U.S. wholesale prices surged last month as the Iran war drove up the cost of energy
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War intensifies uncertainty for makers of the ultimate in bling, luxury watches
The annual luxury watch fair “Watches and Wonders” opens this week in Switzerland, with the Iran war casting new doubt over an industry that had hoped to rebound from tariff turmoil and a contracting market over the last two years
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Citing fallout from the Iran war, IMF cuts the outlook for global growth, expects higher inflation
The Iran war has stalled the world’s economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday
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