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Stocks soar and oil prices plunge as Iran says Strait of Hormuz is open
With word of the Strait of Hormuz reopening, the stock market soared on Friday. Oil prices dropped about 10%, and as a result, gas prices ticked downward. Kelly O
Shock therapy: war forces oil-addicted Asia to finally go green
The age of cheap oil is over and Thailand’s rooftops are reflecting that fact. Across homes, garages and warehouses in the sun-drenched kingdom, the blue-black sheen of solar panels is spreading, as the Iran war has done what years of climate summits could not: turn solar power into a necessity. Demand for solar panels has swamped companies like Wayso, whose managing director is colouring in Thailand’s rooftops as fast as he can find technicians to do it. “We can’t hire quickly enough,” Suwat...
Mortgage rates show signs of falling after Iran war peak
Mortgage rates show signs of falling after Iran war peakJust nowShareSaveAdd as preferred on GoogleKevin PeacheyCost of living correspondentGetty ImagesMajor mortgage lenders are making "meaningful" cuts to the rates on new deals, bringing some solace to first-time buyers hit by the economic impact of the Iran war.Money markets are reacting to hopes of a long-term truce in the war so the recent rapid rise in borrowing costs has halted and is now starting to reverse.Experts say there is...
'I'm the lucky one' - more than one in three young men now live with their parents
'I'm the lucky one' - more than one in three young men now live with their parentsJust nowShareSaveAdd as preferred on GoogleEleanor LawrieSocial affairs reporterFamily handoutNathan says he has saved £50,000 by living with his father in ManchesterMore than one in three young men in the UK were living with their parents in 2025, up from 26% in 2000, according to data from the Office for National Statistics (ONS).The increase is being driven by high renting costs and rising house p...
Wall Street Week | Paulson on Iran War, Energy Market Disruptions, Copper Supply Strain, Tax Debate
This week, Former Treasury Secretary Hank Paulson warns the biggest economic risk from the Iran war may come from global shocks spilling into US markets. Plus, How rising demand for copper is outpacing supply, exposing gaps in US production and increasing reliance on imports. Later, are the wealthiest Americans paying their fair share, or does the tax system allow too much income to go untaxed? (Source: Bloomberg)
‘Big four’ mobile firms outperformed by smaller rivals in annual survey
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To cut LPG transport via road, government plans new pipelines
India Business News: New Delhi: Aiming to eliminate bulk transportation of liquefied petroleum gas (LPG) through roads by 2030, the Petroleum and Natural Gas Regulatory Bo.
DWP statement as Motability mileage allowance cut in half
DWP statement as Motability mileage allowance cut in halfThe Department for Work and Pensions has responded after Motability halved the annual mileage allowance with users facing a 25p charge on every mile beyond thatCommentsMoneyBen Hurst23:26, 17 Apr 2026View ImageSir Stephen Timms, Minister of State for Social Security and Disability said a quarter of Motability users would be hit by the change(Image: Parliament TV)The Department for Work and Pensions has responded following Motability's...
Blue Owl Co-CEOs’ Personal Loans No Longer Backed by Firm Shares
Blue Owl Capital Inc. Co-Chief Executive Officers Doug Ostrover and Marc Lipschultz have revised the terms of personal loans to remove the company’s shares as collateral, after turmoil in the private credit market hammered the stock’s value in recent months.
Here's what the San Diego Padres record $3.9 billion sale means for Major League Baseball
Friday morning, news broke that the San Diego Padres organization had officially been sold. And that news effectively ended much of the debate, disagreement, and complaints about the market size disparities in modern Major League Baseball.For over a decade, the Seidler family, primarily the late Peter Seidler, owned and operated the Padres. And they turned a perennially bottom-feeding franchise into a juggernaut. How? By treating a competitive sport like a competitive sport, and investing heavil...
Spirit Airlines reached out to Trump administration for emergency bailout
U.S. Spirit Airlines reached out to Trump administration for emergency bailout By Kris Van Cleave Kris Van Cleave Kris Van Cleave Emmy Award-winning journalist Kris Van Cleave is the senior transportation correspondent for CBS News based in Phoenix, Arizona, where he also serves as a national correspondent reporting for all CBS News broadcasts and platforms. Read Full Bio Kris Van Cleave April 17, 2026 / 6:13 PM EDT / CBS News Add CBS News on Google Spirit Airlines has approached the Trump admin...
Rosner on Credit Markets Amid Geopolitical Tension
Lindsay Rosner, Head of Multi Sector Fixed Income at Goldman Sachs Asset Management, discuss the current state of credit markets amid geopolitical tensions and private credit challenges. Rosner highlights that while credit spreads remain tight, the all-in yield remains attractive to investors. She speaks with Katie Greifeld on “Real Yield.” (Source: Bloomberg)
Chinese manufacturers recalibrate overseas expansion plans in wake of Iran war
With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. When Lawrence Wong decided to set up a toy factory in Vietnam last year, he had a clear plan: 600 square metres (6,458 sq ft) of floor space at the start of 2026, with...
Airlines cut routes in response to rising jet fuel costs amid Iran war
MoneyWatch Airlines cut routes in response to rising jet fuel costs amid Iran war .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo Updated on: Ap...
Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly
NewsWorldEuropeTraffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quicklyOil prices plunged and the stock market rallied after U.S. President Donald Trump and Iran’s foreign minister said that the Strait of Hormuz is fully openCathy Bussewitz Friday 17 April 2026 22:30 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove boo...
Carrick leaves door open for Rashford return
Carrick leaves door open for Rashford returnImage source, Getty ImagesImage caption, Michael Carrick managed Marcus Rashford during a three-match stint in his first spell in charge of Manchester UnitedBySimon StoneManchester United reporterPublished2 minutes agoCommentsManchester United head coach Michael Carrick says no decision has been made on the future of forward Marcus Rashford for next season. The 28-year-old is on a season-long loan at Spanish club Barcelona after falling out of favour a...
Live Nation Inks $742 Million of Private Debt Tied to Venues
Live Nation Entertainment Inc. has borrowed about €630 million ($742 million) in the private debt market to help finance its global investment in concert venues, people with knowledge of the matter said.
Four UK travel firms cease trading as holidaymakers told all bookings cancelled
Four UK travel firms cease trading as holidaymakers told all bookings cancelledFour travel companies have gone into liquidation or ceased trading in 2026, cancelling all bookings - here's what you need to know about refunds and ATOL protection if your trip is affectedCommentsNewsAlex Evans Deputy Audience Editor and Zahra Khaliq News Reporter22:27, 17 Apr 2026View 3 ImagesTravellers are not entitled to refunds unless the company they book with is ATOL protected(Image: Getty Images)Four trav...
Teen boy fights for after concrete pipe falls on him at County Durham building site
Teen boy fights for after concrete pipe falls on him at County Durham building siteThe boy, aged 17, was crushed by a concrete pipe while working at a housing development in County DurhamCommentsNewsZahra Khaliq News Reporter22:23, 17 Apr 2026Updated 22:40, 17 Apr 2026View ImageThe entrance to the building site where the accident took place(Image: Google)A 17-year-old boy is fighting for his life after he was crushed by a concrete pipe while working at a building site.The boy suffered critical...
Morocco Faces Rising Economic Pressure as Middle East War Drives Regional Slowdown
Casablanca – As war disrupts energy flows and trade routes across the Middle East, Morocco finds itself in a more nuanced position than much of the region. The country is cushioned in part by its structure as an energy importer but still exposed to mounting external pressures, according to the IMF’s latest regional outlook. Since it began on February 28, the conflict has quickly moved beyond a localized shock. The near halt of traffic through the Strait of Hormuz, combined with damage to oil an...