Markets rally, then pull back after Trump and Iran give conflicting reports of talks
NBC News
U.S. stocks were set to surge and oil fell after Trump and Iran gave conflicting reports about talks between the U.S. and Iran.
U.S. stocks were set to surge at the opening bell Monday, after President Donald Trump announced that he was postponing all military strikes on Iranian power plants for a 5-day period.
Iranian state media responded to Trump’s post by saying the U.S. president has “backed down” after Iran’s firm response.
Iran's semi-official Mehr news agency also relayed a message from the nation's foreign ministry that, "there is no dialogue between Tehran and Washington."
S&P 500 and Nasdaq futures initially soared about 3% on Trump's post, but those gains faded to about 1.6% after the statements from Iranian media.
Dow Jones Industrial Average futures also rose as many as 1,300 points immediately after Trump's statement, before pulling back to about 500 points. Russell 2000 futures rose 3%.
Philadelphia International Airport announced it was temporarily closing two more Transportation Security Administration checkpoints starting Wednesday due to ongoing TSA staffing shortages
The Fed kept interest rates on hold as it confronts the Iran war threat of new inflation driven by higher gas prices.
WASHINGTON — U.S. companies will be allowed to do business with Venezuela’s state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost world oil supplies during the Iran war
Traders expect the Fed to keep interest rates on hold as it confronts the Iran war threat of new inflation driven by higher gas prices.
President Donald Trump told reporters Tuesday that he would delay his trip to China for “five or six weeks,” officially pushing the major summit after administration officials opened the door to the trip’s postponement as they focus on the war with Iran.
Arizona prosecutors filed criminal charges against the prediction market Kalshi on Monday, accusing the platform of running an illegal gambling outfit in the Grand Canyon State.
The average price of diesel fuel hit $5.04 a gallon nationwide Tuesday, threatening to drive up the price of fresh food, shipping, and construction
President Donald Trump has spent much of his time in office berating and threatening his NATO allies.
Major airlines and millions of U.S. travelers are facing a rare set of challenges this spring are making it more costly and less convenient to fly.
U.S. crude oil passed $100 per barrel Sunday, continuing its surge despite efforts by the Trump administration and allied countries to slow rising prices.
Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in the tax code
The ongoing war in Iran is disrupting fertilizer shipments through the Strait of Hormuz, raising farmers' costs and pushing food prices higher.
The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at a sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate