The ⁠New York Stock ⁠Exchange has agreed to pay a $9 million civil ​fine to settle U.S. Securities and Exchange Commission charges over ‌a computer glitch that disrupted ‌the stock market open in January 2023, causing ⁠wild swings ⁠in the prices of blue-chip stocks. Friday’s settlement stemmed from ​a January 24, 2023, incident where the NYSE ran its primary and backup trading systems Pillar Production and Pillar DR -- short ​for “disaster recovery” -- simultaneously by mista

The war has de facto closed the Strait of Hormuz, the narrow waterway off Iran’s southern coast that carries a fifth of the world’s oil. Three maps showing shifts in tanker traffic, sites of damage, and global trade routes. By BLACKI MIGLIOZZI, CHRISTIAAN TRIEBERT, PETER EAVIS, KEITH COLLINS, JACQUELINE GU and REBECCA F. ELLIOTT Every day, around 80 oil and gas tankers typically pass through the Strait of Hormuz, the narrow waterway off Iran’s southern coast that carries a fi

U.S. stocks extended losses on Thursday afternoon as ‌the Middle East conflict, opens new tab entered its sixth day, pushing oil prices higher and spurring worries about inflation and whether the Federal Reserve will cut interest rates. Expansion of the conflict to more countries fed fears of disruption in the Strait of Hormuz, a critical energy choke point, ​where missile and drone threats have drastically reduced tanker traffic. This lifted U.S. crude prices about 8% to ​ro

The U.S. dollar’s bounceback since the start of the U.S.-Israel war ⁠with ⁠Iran may be short-lived due to lingering doubts about the ⁠safe-haven appeal of U.S. assets, according to FX strategists polled by Reuters who broadly still expect two Federal Reserve rate cuts ​later this year. Traders have been positioned short the dollar - meaning they expect it to fall - since December, with the currency down against a basket of currencies around 12% since the start of 2025. The g

An oil storage facility burns after being hit by Israeli airstrikes in Tehran, Iran, on Sunday, June 15, 2025. (Arash Khamooshi/The New York Times) By PETER S. GOODMAN In the most hopeful scenario for the global economy, the latest war in the Middle East ends within a few weeks. The region continues to produce oil and gas. Shipping resumes in the Strait of Hormuz, preventing a shock to the world’s energy supplies. Fear of inflation subsides. But experts cautioned against any

Cash became king in global ⁠markets ⁠on Tuesday as an escalation in the Middle East ⁠conflict dragged down gold, bonds and stocks synchronously, upending the normal interplay between safe and riskier assets and driving up volatility. The ​turnaround in market sentiment, which just a day earlier was premised on a swift end to the conflict, came as Israel attacked Lebanon, and Iran responded with strikes against energy infrastructure in Gulf ‌countries and tankers in the Strait

Emil Michael, nominee for Under Secretary of Defense for Research and Engineering, during a Senate Committee on Armed Services hearing in Washington, March 27, 2025. Michael had been negotiating the $200 million AI contract with Anthropic for weeks. (Eric Lee/The New York Times) By SHEERA FRENKEL, CADE METZ and JULIAN E. BARNES Minutes before a 5:01 p.m. deadline Friday, Emil Michael, the Defense Department’s chief technology officer, was fuming. For weeks, Michael, a former

An escalating conflict in the Middle East rattled global markets on ⁠Monday, ⁠as the prospect of a long-drawn fight drove energy ⁠prices higher and hammered travel stocks and regional assets. Israel attacked Lebanon in response to strikes by Hezbollah, while Tehran fired ​missiles and drones at Israel, Gulf states and a British air base in far-away Cyprus. U.S. President Donald Trump said the military campaign against Iran could continue for the next four weeks, according ‌to

Ted Sarandos, the co-chief executive of Netflix, in Oceanport, N.J., Jan. 12, 2026. Employees at Warner Bros. had started to warm to the idea of Netflix as its corporate owner. Now they face the prospect of major cuts under Paramount. (Bryan Anselm/The New York Times) By BROOKS BARNES and JOHN KOBLIN It was a Hollywood battle royal, one filled with feints, bruised egos, strategic leaks, boardroom intrigue and old guard vs. new guard tension. And when a winner finally emerged

Global equity fund inflows eased ⁠to ⁠a five-week low in the ⁠seven days to February 25 as investors turned cautious amid ​growing unease over the heavy costs and potential disruption linked to artificial intelligence. Investors bought a ‌net $19.75 billion worth of global ‌equity funds, marking the smallest weekly inflow since $9.55 billion in the week to ⁠Jan. 21, ⁠LSEG Lipper data showed. Nvidia shares dropped 5.46% on Thursday, while the ​Nasdaq Composite Index shed 1.2%