US employers unexpectedly cut jobs in February and the unemployment rate rose, pointing to lingering fragility in a labor market that was thought to be stabilizing. Nonfarm payrolls fell 92,000 last month, one of the largest declines since the pandemic, after a strong...

A prolonged Iran war is a risk to the bank-stock powered rallies in Japan and Europe as investors abandon these markets in favor of exposure to oil and the US dollar, Bank of America’s Michael Hartnett said. Investors are likely to shift to assets that are...

Fears of deeper disruption to global oil and natural gas supply are growing as the US and Israel continue to strike Iran, and the Islamic Republic retaliates with missiles and drones across the Middle East. Prices of both commodities have jumped, and a sustained...

Iran used low-cost Shahed-136 drones to overwhelm Gulf air defenses after U.S.-backed airstrikes.  The drones are cheap and easy to produce, while interceptors can cost millions. Russia’s wartime use in Ukraine helped prove the drones’ battlefield effectiveness. In...

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center expansion effort. The job reductions will affect divisions across the company and may be implemented as soon as this month, according to people...

US economic activity increased at a slight to moderate pace across most regions in recent weeks, though a growing number reported flat or declining activity, the Federal Reserve said. In its Beige Book survey of regional business contacts, released Wednesday, the US...