business news

Economy

Bessent says Treasury is not intervening in oil commodities markets and has no authority to

Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not

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Earnings

Victoria’s Secret posts longest sales growth streak in four years as shoppers return to Pink

Victoria’s Secret store in New York. Scott Mlyn | CNBC Victoria’s Secret topped expectations during its holiday quarter and forecast

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Business

Lego keeps beating the toy industry. Its secret weapon is not what you’d expect

Lego just put up another banner year — with help from a behind-the-scenes secret weapon. The Danish company on Tuesday

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Politics

Three more ships struck in the Persian Gulf as Iran warns of oil prices hitting $200

A ship is illuminated by fire from a burning vessel, after Iranian explosive-laden boats appear to have attacked two fuel

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Finance

Fed Governor Miran says job losses in February add to the case for more interest rate cuts

Federal Reserve Governor Stephen Miran said Friday that the weak February jobs report bolsters the rationale for the central bank

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Economy

Trump signals possible delay to Beijing summit as U.S. pressures China to help reopen Strait

U.S. President Donald Trump prepares to greet Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base

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Earnings

German defense firm Renk CEO says Iran war could drive ‘increasing demand’ in the Middle

The RENK Group is one of the world’s leading suppliers of highly efficient drive and control technology. They develop systems

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Business

Stellantis taps Toyota, Bosch suppliers for hybrid technologies for new Jeeps

2026 Jeep Cherokee. Courtesy: Stellantis DETROIT — Jeep maker Stellantis is leaning on technologies from automotive suppliers for its newest

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Politics

Chubb set as main U.S. insurer for Persian Gulf shipping amid Iran war

Insurance giant Chubb will be the lead underwriter for a U.S. government-led program to provide insurance to ships making the

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Finance

U.S.-Iran war exposes big market concentration risk. It isn’t in S&P 500 stocks

Investors have poured money into emerging markets in recent years as the search for big stock gains has migrated overseas

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