Banks, Asset Manager Stocks Fall as Credit Concerns Persist

Mar 6, 2026 | Markets, Private Credit

Shares of financial firms slid on Friday, as fresh worries over private credit combined with a broad market selloff to hit the weakened sector. Investors showed little patience for bad news, as the S&P 500 Index tumbled to close at its lowest levels since...

Surprise Drop in US Payrolls Casts Doubt on Steadying Job Market

Mar 6, 2026 | Markets

US employers unexpectedly cut jobs in February and the unemployment rate rose, pointing to lingering fragility in a labor market that was thought to be stabilizing. Nonfarm payrolls fell 92,000 last month, one of the largest declines since the pandemic, after a strong...

BofA’s Hartnett Sees European, Japanese Stocks at Risk From War

Mar 6, 2026 | Markets

A prolonged Iran war is a risk to the bank-stock powered rallies in Japan and Europe as investors abandon these markets in favor of exposure to oil and the US dollar, Bank of America’s Michael Hartnett said. Investors are likely to shift to assets that are...

How the Iran War Is Disrupting Global Oil and Gas Supply

Mar 6, 2026 | Markets

Fears of deeper disruption to global oil and natural gas supply are growing as the US and Israel continue to strike Iran, and the Islamic Republic retaliates with missiles and drones across the Middle East. Prices of both commodities have jumped, and a sustained...

Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch

Mar 5, 2026 | Markets

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center expansion effort. The job reductions will affect divisions across the company and may be implemented as soon as this month, according to people...