Executives from ⁠top ⁠U.S. exchanges said on Tuesday prediction ⁠markets require consistent regulation to protect investors as the fast-growing asset class draws ​a surge of new users. Prediction markets let users trade contracts tied to the outcome of real-world events, ranging from elections ‌and policy decisions to economic indicators ‌and sports results. Supporters say the markets aggregate collective forecasts into prices that reflect the likelihood of an ⁠outcome, thoug

President Donald Trump speaks to reporters aboard Air Force One on Saturday, March 7, 2026, as Steve Witkoff, back, Trump’s special envoy to the Middle East, and Defense Secretary Pete Hegseth, right, look on. President Trump insists conflict with Iran will be brief, but world leaders are preparing for severe economic blowback. (Tierney L. Cross/The New York Times) By TONY ROMM, COLBY SMITH and ALAN RAPPEPORT Fuel prices could soar and stay elevated for months. That could mak

Stocks in Asia and Europe tumbled on Monday as the Iran ⁠war ⁠entered its second week and oil prices surged as ⁠much as 30% above $100 a barrel. But Wall Street rallied and oil later sank after President Donald Trump indicated ​the war may soon be over. In my column today I put Wall Street’s resilience under the microscope. As selling snowballs across other equity markets, why has the global avalanche not yet engulfed ‌U.S. stocks? Are there reasonable explanations, or is ‌co

A job fair in Sunrise, Fla., June 26, 2025. Employers cut 92,000 jobs in February 2026, the Labor Department reported on March 6, and the unemployment rate rose to 4.4 percent; losses cut across nearly all major sectors, including health care, which was weighed down by a nurses strike in California. (Scott McIntyre/The New York Times) By SYDNEY EMBER Hiring fizzled in February, a sign of unexpected weakness in the labor market that sent warning signs flashing through the broa

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