NEW YORK — The abrupt failure of U.S.-Iran peace negotiations in Pakistan and President Donald Trump's immediate order to blockade the Strait of Hormuz sent shockwaves through world financial markets Monday, driving oil prices above $103 a barrel and triggering sharp declines in global stock indexes as investors priced in prolonged energy disruptions and higher inflation risks.

Elon Musk's $134B lawsuit against OpenAI and Microsoft intensifies, with new claims, leadership challenges, and a high-stakes trial set for April 27.

USPS proposes raising stamp prices to 82 cents as part of a new mailing rate increase aimed at addressing financial pressure and rising costs.

Chinese automakers boost global exports as domestic car sales decline, led by strong EV demand and expanding overseas markets in 2026.

A former personal assistant has pleaded guilty to stealing nearly $10 million from her elderly employers to fund a luxury shopping spree.

USPS pauses pension contributions to conserve cash as financial losses raise concerns about a potential funding crisis.

The DOJ investigates the NFL's broadcast model over rising costs and concerns it may limit competition and fan access.

Elon Musk's xAI has filed a lawsuit to block Colorado's new AI law, arguing it violates free speech and could slow down AI development in the U.S.

FCC proposes new restrictions on Chinese telecom firms, citing national security risks and tighter control over U.S. networks.

AUSTIN, Texas — Texas emerged as the clear winner in corporate headquarters relocations during the first months of 2026, attracting dozens of major companies seeking lower taxes, lighter regulation and business-friendly policies, while California continued to post the steepest net losses of corporate HQs among U.S. states.