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World shares tumbled on Monday, with Japan's benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel.
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Brent crude reached its highest price since Russia invaded Ukraine in 2022. Gasoline prices in the U.S. are expected to continue to rise.
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U.S. Customs told the trade court it aims for a streamlined process in 45 days to return importers' money without requiring individual lawsuits.
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The job market showed further signs of weakness last month as employers cut 92,000 jobs. The unemployment rate inched up to 4.4%, from 4.3% in January.
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The 20-something billionaires who run Kalshi and Polymarket are battling it out to be the top prediction market company. Observers and former insiders say the feud is just heating up.
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Businesses that paid more than 100-billion dollars in tariffs are waiting to find out when they'll get their money back, after the Supreme Court ruled those import taxes were illegal.
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When the Supreme Court struck down many of President Trump's tariffs, it left importers wondering how long they'd have to wait to get their money back. Hedge funds are offering to help out.
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The effective closure of the Strait of Hormuz is "about as wrong as things could go" for global oil markets. Iran achieved it not with a naval blockade, but with cheap drones.
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Trump says his goal is to reach one million active apprenticeships while he’s in office.
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The Trump administration has proposed repealing a Biden-era rule that required states to change how they pay out child care subsidies, citing the potential for fraud.
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Developers are building more single-family houses for renting. That can lower prices for both renters and buyers.
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Virco Manufacturing has made school furniture since 1950. Now with competition from imports and an aging workforce, Virco is hoping to build the workforce it needs to survive through apprenticeships.