Waves surge from hurricane Sandy along a pathway in New York, Oct. 29, 2012. A monthlong seminar offers lessons in how to anticipate and prepare for the mounting disruptions of global warming. (Ruth Fremson/The New York Times) By HILARY HOWARD When Jason Haaheim, a principal timpanist for the Metropolitan Opera Orchestra in New York City, found himself furloughed indefinitely, without an apartment and newly obsessed with climate change during the coronavirus pandemic, he had

A Middle East crisis that has convulsed markets should remain the focal ⁠point ⁠for Wall Street in the near term, as investors stay glued ⁠to developments in Iran and the fallout from surging energy prices. As the U.S.-Israeli war on Iran stretches to three weeks, an over 40% jump ​in oil prices is driving worries about higher inflation and stagnating economic growth. Inflationary concerns on Friday were prompting markets to rule out any equity-friendly interest rate cuts thi

Gas prices in Huntington Beach Calif., June 4, 2022. Gas prices rose on Wednesday, and stood at a national average of $3.84 a gallon, according to the AAA motor club. (Jenna Schoenefeld/The New York Times) By THE NEW YORK TIMES Oil prices continued to climb steadily and stocks across Asia dropped on Thursday after attacks on major energy facilities in Iran and Qatar injected new uncertainty into the outlook for energy supplies. Global oil prices top $112 a barrel. The price o

By NIRAJ CHOKSHI Airlines are raising prices to cover soaring fuel costs, but that doesn’t seem to be pushing many travelers away. At an investor conference earlier this week, executives from most major U.S. airlines said that robust travel demand was offsetting the effects of winter storms and a huge rise in the cost of jet fuel since the start of the war in Iran. The price of jet fuel on Monday was about 50% higher than it was before the war began Feb. 28. Executives at Ame

Wall Street bank capital would fall 4.8% under softened rules regulators unveiled ⁠on ⁠Thursday, freeing up billions of dollars for lending, dividends and ⁠share buybacks in a stunning victory for the industry, which had faced double-digit hikes under a previous plan laid out in 2023. The ​sweeping proposal changes to how banks calculate funds they put aside to absorb losses should be a boon for Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citibank and other lenders that h

By SHEERA FRENKEL As the third week of the war in the Middle East continues, intelligence gathered by the Pentagon is being analyzed by technology from the artificial intelligence company Anthropic, on a system run by the data analytics firm Palantir. Drones created by a defense tech startup in Arizona have emerged as a key piece of the U.S. war arsenal. And anti-drone systems made by a California startup have been deployed to protect U.S. forces in the region. Silicon Valley

Global stocks fell on Wednesday, extending declines after the Federal ⁠Reserve kept ⁠interest rates unchanged, while a rise in crude prices ⁠and an earlier reading on U.S. inflation kept equities under pressure. The U.S. central bank’s summary of economic projections (SEP) showed the Fed’s benchmark ​overnight interest rate would fall by just a quarter of a percentage point by the end of this year, with no hint of the timing of such a move, while the inflation projection for

A plume of smoke rises in Tehran, Iran, on March 8, 2026, after overnight strikes by U.S. and Israeli forces targeted multiple oil storage depots. The branding of the U.S. military operation against Iran is a quintessentially Trumpian choice for a leader whose tenure has been marked by anger. (Arash Khamooshi/The New York Times) By MICHAEL M. GRYNBAUM The Trump administration has unleashed a multifaceted pressure campaign against news organizations as it increasingly bristles

Options ⁠traders’ fears of a U.S. ⁠stock market crash have pulled back nearly to levels seen ​before the U.S.-Israeli attacks on Iran that made oil prices soar. The Nations TailDex Index and ‌the Cboe Skew Index, two ‌separate gauges that measure how much traders are paying for crash protection, have ⁠retreated to ⁠near where they stood before the February 28 strikes on Iran. ​The S&P 500 is still down 2% from pre-war levels. “TDEX is signaling that investors are now less wor

President Donald Trump disembarks Air Force One at Joint Base Andrews on March 11, 2026. President Trump had envisioned a growing economy and improving fortunes for American families in 2026. That appears at risk in his war with Iran. (Al Drago/The New York Times) By TONY ROMM and COLBY SMITH To President Donald Trump, the U.S. economy appeared to be moving in his direction at the turn of the year. The stock market was buoyant, prices had started to level out and White House