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BOJ to raise rates with eye on Iran war fallout, central bank official says

By Leika Kihara TOKYO, April 3 (Reuters) - The Bank of Japan will continue to raise interest rates while keeping a close eye on how the Middle East conflict affects the economy and underlying inflation, a senior central bank official said on Friday. While rising fuel ...
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Trump slaps 100% tariff on some pharmaceutical drugs via executive order

(WASHINGTON) -- President Donald Trump on Thursday slapped 100% tariffs on some pharmaceutical products, ramping up his effort to boost U.S. drug manufacturing.The move, in the form of an executive order, targets patented drugs that lack a "most favored nations" pricing agreement with the ...
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Mortgage rates hit highest level since September as Iran war rattles financial markets

(NEW YORK) -- Mortgage rates have climbed to their highest level since September as fallout from the Iran war ripples through financial markets, Freddie Mac data on Thursday showed.The average interest rate for a 30-year fixed-rate mortgage jumped to 6.46%, continuing a weeks-long surge ...
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Stocks tick lower after Trump vows to hit Iran ‘extremely hard’ in coming weeks

(NEW YORK) -- Stocks ticked lower in volatile trading on Thursday after President Donald Trump delivered a televised address vowing to hit Iran "extremely hard" over the coming weeks.The Dow Jones Industrial Average fell 75 points, or 0.1%, after opening down by 600 points, ...
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Tesla sales rise after brutal year of Musk boycotts but still fall short of expectations

NEW YORK (AP) - Sales of Tesla vehicles rose in the past three months in a possible sign recovery is afoot after a brutal year of boycotts over Elon Musk's politics but still fell short of expectations. The company Thursday said sales rose 6% to ...
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Kids ate the multiplex: How family movies are taking over moviegoing, one blockbuster at a time

NEW YORK (AP) - As "The Super Mario Galaxy Movie" lands in theaters, coloring stations, collectible popcorn containers and mascot Marios are all in place to entice arguably the most prized moviegoers to Hollywood today: kids. By Sunday, Universal Pictures expects the five-day opening of ...
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Factbox-Global companies delay IPOs and slash dividends as Middle East conflict rattles markets

April 2 (Reuters) - The Middle East conflict has significantly impacted global financial markets, affected logistics and hindered the supply of raw materials integral to a host of industries. Below is a list of some of the companies reacting to the crisis by postponing ...
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Dizzying US fuel prices are determined by factors largely outside of a gas station’s control

DES MOINES, Iowa (AP) - The near-daily changes in U.S. gas prices are dizzying for drivers, who are left feeling frustrated and cash-strapped by the highest fuel costs since 2022. With the Iran war pushing up prices worldwide, the U.S. average for a gallon of ...
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McDonald’s tries a simpler approach with its new McValue menu

After two years of tweaks to its value menu, McDonald's has a new strategy: keep it simple. The fast-food giant's budget-focused McValue menu will have 10 items that each cost under $3 starting April 21. The breakfast items include hash browns or a Sausage McMuffin. ...
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Wall St futures slide as Trump signals tougher Iran strikes, oil jumps 6%

April 2 (Reuters) - Futures tracking Wall Street's main indexes slid on Thursday as U.S. President Donald Trump signaled more aggressive attacks on Iran, dampening expectations for an end to the month-long war and sending crude prices up 6%. In a closely watched address to ...
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Iran war disrupts US small businesses with shipping complications and higher costs

NEW YORK (AP) - The Iran war is making life more difficult for small business owners across the country, who are grappling with shipping complications, higher costs and consumers tightening their grip on their wallets. A shoe designer is struggling to import its shoes from ...
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Tracking the fate of the dollar a year on from ‘Liberation Day’

By Grant Smith, Karin Strohecker and Dhara Ranasinghe LONDON, April 2 (Reuters) - A year on from U.S. President Donald Trump's sweeping 'Liberation Day' tariffs, the dollar looks in much stronger shape with its safe-haven credentials reasserted in the face of war in the Middle ...
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