Business
Wall Street hits an all-time high after adding to rally China's economy grows at 5%, shrugging off initial impact of Iran war Snapchat owner cuts 16% of global staff in latest round of job cuts The data center boom meets resistance in Maine BofA's trading desk avoided a single daily loss in Q1
Allbirds, a former Wall Street darling, looks to AI for its future
From dropping bombs to pressuring banks: US pivots to economic warfare on Iran
It's Tax Day. Treasury says 53 million used new Trump tax breaks
Prosecutors sought access to Federal Reserve building
As energy costs rise, some states back off ambitious climate goals
ALBANY, N.Y. (AP) – Seven years ago, New York lawmakers set ambitious goals for slashing greenhouse gas emissions with clarion calls about saving the future. Now, with slow progress made and political realities shifting, Gov. Kathy Hochul is seeking a delay, saying she wants to save consumers money.
US wholesale prices surged 4% last month after the war in Iran

WASHINGTON (AP) – U.S. wholesale prices surged last month as the Iran war drove up the cost of energy. The Labor Department reported Tuesday that its producer price index – which measures inflation before it hits consumers – rose 0.5% from February and 4% from March 2025.

Citing fallout from the Iran war, IMF cuts the outlook for global growth

WASHINGTON (AP) – The Iran war has stalled the world’s economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday. The IMF downgraded its forecast for global growth to 3.1% in 2026 from the 3.3% it had forecast back in January.

Tesla Shanghai factory to play role in robot mass production

SHANGHAI (AP) – A Tesla Inc. leader said Tuesday he believes its Shanghai factory operations will help resolve the challenges in achieving mass production of the company’s humanoid robots as the U.S. electric vehicle giant pivots to robotics.

Editorials from The Washington Post, The Wall Street Journal, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

Banks see 'resilient' US economy but warn of negative impacts

NEW YORK (AP) – The nation’s biggest banks posted another quarter of strong profits, helped by a resilient economy and a flurry of dealmaking for their investment banking units.

Trump promised tax relief, but Americans still think they're overpaying

WASHINGTON (AP) – Most Americans still think their taxes are too high, according to recent polls, even after last year’s tax law fulfilled several of President Donald Trump’s tax-related campaign promises.

7-Eleven to close hundreds of stores in North America

NEW YORK (AP) – Convenience chain 7-Eleven expects to close hundreds of its locations this year. According to earnings filings published last week, 7-Eleven’s North American operator plans to close 645 stores in the 2026 fiscal year – outpacing the 205 locations it forecasts it will open during that same time.

China Evergrande founder Hui Ka Yan pleads guilty to fraud and bribery

HONG KONG (AP) – The founder of the debt-ridden real estate developer China Evergrande pleaded guilty to a series of charges, including illegal absorption of public deposits, fraud and corporate bribery, according to a mainland Chinese court statement Tuesday.

War intensifies uncertainty for makers of the ultimate in bling, luxury watches

GENEVA (AP) – The bling is back, but the Iran war has tarnished the outlook for the luxury watch industry – the ultimate in opulence.

Pittsburgh Post-Gazette has found a buyer to keep the newspaper open
How US soybean farmers were impacted by tariffs, Iran war
Trump family deal spree could open door for future presidents to profit