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Economy
Stories and analysis from The Business Now newsroom.
Business
Legal & General Beats Expectations as Pension Boom Powers Profit Surge — What Happens Next for LGEN Stock?
Legal & General Beats Expectations as Pension Boom Powers Profit Surge — What Happens Next for LGEN Stock? Legal & General Group (LGEN) has given investors a fresh reason to look closely at the UK insurance and retirement sector after reporting a stronger-than-expected first-half performance, with pension risk-transfer deals once again emerging as one of...
Commodities
Trump Demands Answers From Hegseth Over U.S. Weapons Shortages as Iran War Strains Pentagon Stockpiles
Trump Demands Answers From Hegseth Over U.S. Weapons Shortages as Iran War Strains Pentagon Stockpiles The widening conflict with Iran is putting new pressure on the Pentagon as President Donald Trump has reportedly demanded answers from Defense Secretary Pete Hegseth over shortages of critical U.S. weapons and the military’s ability to sustain operations. The reported...
Business
Oil Prices, Fed Rate Cut Bets, and Iran Sanctions Collide—Why Global Markets Just Entered a Critical Turning Point
Oil Prices, Fed Rate Cut Bets, and Iran Sanctions Collide—Why Global Markets Just Entered a Critical Turning Point A series of major developments in the U.S. economy and global energy markets unfolded within hours, creating one of the most significant trading sessions in recent weeks. Weaker-than-expected private hiring, a sharp rise in U.S. crude oil...
Business
CVS Health Raises Full-Year Outlook After Strong Earnings Beat and Eli Lilly Weight-Loss Drug Deal
CVS Health Raises Full-Year Outlook After Strong Earnings Beat and Eli Lilly Weight-Loss Drug Deal CVS Health surprised Wall Street with stronger-than-expected second-quarter results, boosted its full-year earnings guidance, and unveiled a strategic partnership with Eli Lilly that could strengthen its position in the fast-growing weight-loss drug market. The combination of improving insurance performance, solid...
Commodities
Trump Gives Iran a “Last Chance” as Hormuz Deal Moves Closer — But Tehran Wants Control of the Vital Oil Route
Trump Gives Iran a “Last Chance” as Hormuz Deal Moves Closer — But Tehran Wants Control of the Vital Oil Route President Donald Trump is warning Iran that time is running out for a deal as diplomatic efforts intensify over the Strait of Hormuz, one of the world’s most important energy chokepoints. Iran and Oman...
Business
Dow Surges Nearly 800 Points as Hormuz Deal Hopes Collide With Iran Denial and SpaceX Earnings
Dow Surges Nearly 800 Points as Hormuz Deal Hopes Collide With Iran Denial and SpaceX Earnings Wall Street is racing higher as investors digest two powerful catalysts at once: renewed hopes that the Strait of Hormuz could reopen and a blockbuster earnings reaction from Palantir, while SpaceX prepares to deliver its first earnings report as...
Business
July 5 Economic Calendar 2026: Jobs, Inflation and ISM Services Could Shake Markets
July 5 Economic Calendar 2026: Jobs, Inflation and ISM Services Could Shake Markets The July 5 economic calendar brings a concentrated run of European and U.S. economic data, with services activity, producer prices, private-sector employment and U.S. oil inventories all scheduled to hit the market. Traders will be watching the data closely for potential signals...
Commodities
Iran Considers European Role in Strait of Hormuz—What It Means for Global Oil Prices
Iran Considers European Role in Strait of Hormuz — What It Means for Global Oil Prices Iran is weighing a possible European role in efforts to restore shipping through the Strait of Hormuz, adding another layer to increasingly complex negotiations over the strategic oil chokepoint. Any arrangement that gives European countries a role in securing...
Business
Marco Rubio Says No Final Decision on Strait of Hormuz Yet — What It Means for Global Oil Markets
Marco Rubio Says No Final Decision on Strait of Hormuz Yet — What It Means for Global Oil Markets U.S. Secretary of State Marco Rubio says negotiations over the Strait of Hormuz are making progress, but no final agreement has been reached yet. The uncertainty is keeping global oil markets on edge, even as crude...