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Greer and LeBlanc meet as USMCA countries gear up for talks

US Trade Representative Jamieson Greer and Canada-US Trade Minister Dominic LeBlanc met Friday in Washington in the first high-level, in-person talks between the two men in months.

2026-03-06T20:57:05Z

Unexpected job losses add pressure on Trump economic agenda

New data showed that the economy lost 92,000 jobs in February compared with forecasts of a gain of 59,000.

2026-03-06T14:03:45Z

A concerning trend is happening with 401(k)s—what to know

Americans are pulling from their retirement accounts at record levels.

2026-03-06T12:28:37Z

Google gives CEO new pay deal worth up to $692 million

The CEO of Google and its parent company Alphabet could earn up to $692 million over the next three years under a new compensation plan published Friday by the US Securities and Exchange Commission. Under the plan, Pichai's three-year salary of $6 million, or $2 million per year, would remain unchanged.

2026-03-07T07:50:17Z

War in Middle East raises stagflation fears in Europe and beyond

Global energy prices have shot upwards after the US and Israel unleashed war in the Middle East, but just how far those shocks will ripple across the economy remains unclear. - Different parts of the world will likely feel the effects of the Middle East crisis more acutely.

2026-03-06T15:00:52Z

PH manufacturing hit eight-year high in February 2026

The Philippine manufacturing sector continued to expand in February to hit its best showing in over eight years as new orders drove production levels higher, results of a survey released by S&P Global on Monday showed. The headline S&P Global Philippines Manufacturing PMI stood at 54.6 in February, above the 50.0-threshold that separates expansion and contraction. This compares with the 52.9 in January, and the most marked since November 2017....

2026-03-02T05:02:59Z

Oil surges to its highest price since 2023, and stocks drop after a weak update on the US job market

NEW YORK (AP) — Oil shot to its highest price since 2023 after surging again Friday because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street’s worst week since October. The S&P 500 dropped 1.3% after a report showed U.S. employers cut more jobs last month than they created and after oil prices spiked...

2026-03-06T05:47:02Z

Most Asian equities drop as Mideast crisis rages, though oil dips

Asian markets mostly down Friday as the war in the Middle East showed no sign of ending, though there was some reprieve from the surge in oil prices after the United States looked to ease supply concerns. Still, there was some reprieve on the oil front as both main contracts eased -- though they later pared the early losses -- after US Interior Secretary Doug Burgum said officials were looking at plans to temper the price gains.

2026-03-06T02:51:26Z

Electricity price hike to follow pump price increases, ERC says

Electricity prices in the country are expected to increase following the upward movement of global fuel prices due to the ongoing conflict in the Middle East, the Energy Regulatory Commission (ERC) said Friday. Citing projections from the Independent Electricity Market Operator of the Philippines (IEMOP), the ERC said electricity prices in the Wholesale Electricity Spot Market (WESM) could climb should global supply disruptions persist. The...

2026-03-06T09:02:58Z

US sheds jobs in February in warning sign for Trump's economy

The United States unexpectedly lost jobs in February while unemployment edged up, government data showed Friday, piling pressure on President Donald Trump's economic agenda as key midterm elections approach. The trend, if it persists, is set to strain Trump's attempts to ease worries about affordability ahead of November midterm elections.

2026-03-06T14:35:18Z

Top US, ASEAN investors forge pact to support PH chairmanship priorities

Two major investor groups from the United States and Southeast Asia have signed an agreement in support of the Philippines’ key priorities on trade, digitalization, and food security as the current chair of the Association of Southeast Asian Nations. Signed on March 3 by Herminio Bagro III, US-ASEAN Business Council’s Philippines chief representative, and Jose Ma. Concepcion III, chairman of the ASEAN-Business Advisory Council, the memorandum of...

2026-03-07T11:02:58Z

PH, S Korea ink deals on nuclear energy, shipbuilding

The Philippines and South Korea inked several agreements in key strategic sectors, which indicated the expansion of economic cooperation between the two countries. The deals cover key sectors including shipbuilding, nuclear energy, aerospace, critical minerals supply chains, retail, and health and wellness. In his speech during the business forum between the Philippines and the Republic of Korea, President Ferdinand ''Bongbong'' Marcos Jr. said...

2026-03-04T08:02:59Z

Kansas to ban popular herbal product—putting it in same class as heroin

Kansas lawmakers move to ban kratom, placing the herbal product in the same drug class as heroin amid safety concerns.

2026-03-06T16:23:54Z

Philippines opens 2026 with wider trade deficit

The Philippines opened 2026 with a wider trade deficit, as imports grew at a faster pace than exports for the month of January, data released by the Philippine Statistics Authority (PSA) on Friday showed. The balance of trade in goods — the difference between the value of exports and imports — posted a $4.048-billion deficit in the past month, wider than the $3.993-billion deficit in December, but narrower than the $4.926-billion deficit in...

2026-02-27T11:02:57Z

IRS issues expansive rules for $1,000 payments to Trump accounts

Parents would have up to 17 years to claim $1,000 government payments to tax-advantaged savings accounts that Donald Trump’s tax law grants to most children born during the president’s second term under rules proposed Friday.

2026-03-06T17:16:35Z

Vertiv, Lumentum, Coherent, EchoStar to join S&P 500 this month

Vertiv Holdings Co., Lumentum Holdings Inc., Coherent Corp. and EchoStar Corp. will join the S&P 500 in the latest quarterly rebalance, S&P Dow Jones Indices said Friday.

2026-03-06T23:16:31Z

Middle East war a new shock for financial markets

The outbreak of war in the Middle East has sent shockwaves through financial markets, with energy prices soaring and stocks sliding, just a year after US President Donald Trump's tariff onslaught rattled investors. This latest crisis follows a number of extraordinary events that markets have had to react to in recent years, from the coronavirus pandemic, the war in Ukraine disrupting energy and food supplies, to Trump's tariff offensive.

2026-03-06T18:35:17Z

Saks Global to shutter 15 more department stores in bankruptcy restructuring

NEW YORK (AP) — The parent company of Saks Fifth Avenue and Neiman Marcus is closing more department stores as it focuses on its most profitable businesses and trims debt during its Chapter 11 bankruptcy restructuring. Saks Global Inc. said Friday it will close 12 more Saks Fifth Avenue stores and three more Neiman Marcus stores. The shuttered Saks...

2026-03-06T23:06:41Z

China says 'clearly aware' of economic risks, vows to boost spending

China's leaders are "clearly aware" of challenges facing growth, the head of the country's top economic planning body said on Friday, vowing to boost sluggish domestic consumption. With economic expansion targets steadily falling, China's leaders have increasingly called for "quality" growth.

2026-03-06T10:30:52Z

Gen Z woman finds Dior dress at thrift store, then she sees price tag

Sarah, 28, from Florida, told Newsweek about her designer-find video that has more than 1 million views on TikTok.

2026-03-06T14:13:43Z

US retail sales decline as consumer pullback deepens

US retail sales declined by 0.2 percent in January, according to delayed government data released on Friday, missing some analysts' expectations amid persistent concerns that consumption in the world's biggest economy is slowing. "We do not read too much into the decline in retail sales in January, which was clearly affected by the severe winter weather across much of the country," said Michael Pearce, chief US economist at Oxford Economics.

2026-03-06T15:05:17Z

Questions over AI capability as tech guides Iran strikes

The latest bout of fighting between the United States, Israel and Iran has seen AI deployed as never before to sift intelligence and select targets, although the technology's use in war remains hotly debated. Neither the United States nor Israel has acknowledged responsibility for the strike.

2026-03-07T02:41:16Z

Oil and gas prices rapidly rise as Iran war shows no signs of letting up

NEW YORK (AP) — The price of oil surged higher and showed no signs of halting its rapid climb a week after the U.S. and Israel launched major attacks on Iran that escalated into a war in the Middle East. The conflict, in which nearly every country in the Middle East has sustained damage from missiles or drone strikes, has left ships that carry roug...

2026-03-07T05:01:59Z

A sliver of NYC’s wealthy has unusual rallying cry: tax me more

As New York City Mayor Zohran Mamdani’s tax-the-rich plans spark backlash among New York’s wealthy, at least one cohort of millionaires is fully supportive of his policies.

2026-03-06T17:41:39Z

Bam Aquino: Gov’t may suspend excise tax on fuel under TRAIN law amid Middle East conflict

Senator Bam Aquino on Monday said the government could automatically suspend excise taxes on fuel under the TRAIN Law once prices hit $80 per barrel for three consecutive months, amid rising global oil prices due to the Middle East conflict. Aquino noted that the Tax Reform for Acceleration and Inclusion (TRAIN) Law provides for the automatic suspension of excise taxes on petroleum products if the average global oil price reaches $80 per barrel...

2026-03-02T12:02:57Z

Beyond Meat drops the 'meat' from its name as it expands to plant-based drinks and snacks

Beyond Meat is dropping “meat” from its name as it moves beyond the struggling market for plant-based burgers, sausages and tenders and expands into new categories like protein drinks. The company, rebranded as Beyond The Plant Protein Co. — or simply Beyond on its packaging — changed its website and social media channels this week. Beyond introduc...

2026-03-06T00:50:02Z

PH manufacturing growth slower in January

The Philippine manufacturing sector posted slower growth in January due mainly to the deceleration in the manufacture of food products, non-metallic mineral products, and transport equipment during the month, data released by the Philippine Statistics Authority (PSA) on Friday showed. Preliminary results of the Monthly Integrated Survey of Selected Industries (MISSI) showed that the volume of production index (VoPI) for January posted a 1.2%...

2026-03-06T04:03:01Z

Do wars crash markets? What the data show

Historical analysis suggests market reactions depend heavily on the broader economic backdrop and the length of a given conflict.

2026-03-06T18:39:09Z

Capital One announces major layoffs hitting hundreds

This round of layoffs comes after Capitol One laid off nearly 600 workers last year and the acquisition of Discover in 2024.

2026-03-06T14:29:05Z

Germany's Axel Springer swoops for British newspaper The Telegraph

German media group Axel Springer said Friday it had agreed to buy right-wing British newspaper The Telegraph in a surprise move, as the UK government investigates a rival bid. Britain's government last month launched an investigation into an agreed sale to the owner of the Daily Mail, a rival right-wing publication, citing competition concerns.

2026-03-06T14:45:53Z

Japan seeks exemption from US tariff hike amid trade concerns

Japan has asked the US to spare it from a planned tariff increase from 10% to 15% — underscoring fears that higher duties could hit the country’s automobile industry.

2026-03-07T02:11:06Z

US housing market relistings hit highest number in a decade

Sellers who had withdrawn from the market last year are coming back ahead of spring homebuying season.

2026-03-06T11:43:50Z

Marcos: Gov't monitoring Middle East tension's impact on remittances

President Ferdinand “Bongbong” Marcos Jr. said Tuesday his administration is also monitoring the impact of the Middle East tension on the remittances of overseas Filipino workers (OFWs). At a press conference, Marcos said that aside from security and diplomatic concerns, the government is also finding ways to safeguard the steady flow of dollars, which sustain millions of Filipino households. “The other areas that we look into are what will be...

2026-03-03T10:03:00Z

Musk’s spam frustration was ‘confusing’ to ex-Twitter executives

Two former top executives at Twitter Inc. sought to beat back Elon Musk’s narrative at a jury trial that they lied to him about the makeup of the platform’s user base when he was purchasing the company in 2022.

2026-03-07T02:17:07Z

US job market stalls, unemployment rate rises before Fed decision

The healthcare sector was hit the hardest , while tariff-exposed sectors remained stagnant .

2026-03-06T17:14:08Z

Green card rule change for 2026 faces legal challenge

Officials vote to authorize action over a policy that bars lawful permanent residents from eligibility for certain loans.

2026-03-06T15:08:41Z

Morgan Stanley announces major layoff hitting 2,500: Report

The layoffs come despite a record revenue year at Morgan Stanley in 2025 and several years of employment growth.

2026-03-06T17:08:11Z

Retail sales fall modestly in January as American consumers pull back on spending

American consumers pulled back their spending to start 2026, extending the malaise in retail sales that began late last year. Retail sales fell 0.2% in January, following a flat reading in December, according to the Commerce Department’s report issued on Friday. January's figure came in below the forecasts of economists, who were expecting another ...

2026-03-06T14:19:43Z

Trump vows to issue order in a week to overhaul college sports

President Donald Trump vowed to issue an executive order within one week addressing concerns over athlete salaries, transfers, and the impact of gambling after a session with lawmakers and college sports luminaries that left him frustrated over the prospects for legislation to overhaul college sports.

2026-03-06T22:41:34Z

Peso sinks to P59:$1 level amid Middle East conflict

Philippine financial markets weakened on Friday with the peso depreciating for the seventh straight day to hit its weakest performance in over five weeks, as market players continued to take in the impact of the ongoing conflict in the Middle East. The Philippine peso shed 37 centavos to close at P59:$1 from Thursday's finish of P58.63, marking its worst showing since it closed at P59.085:$1 on January 27, 2026. Economists attributed Friday's...

2026-03-06T11:02:58Z

Colombia inflation unexpectedly cools after record wage increase

Colombian inflation unexpectedly cooled in February, surprising analysts who had forecast that this year’s record minimum wage rise would stoke consumer price pressures.

2026-03-07T00:51:46Z

Middle East conflict drags PSEi, peso

Philippine markets weakened on Monday, as the overall market sentiment was dragged by the growing conflict between the United States and Iran, with a growing number of casualties. The local stock barometer PSEi lost 184.91 points or 2.79% to 6,426.83, while the broader All Shares index declined by 73.38 points or 2.02% to 3,567.86. “The local index closed sharply lower as escalating global conflict triggered a broad-based sell-off across...

2026-03-02T12:02:58Z

Millions to get extra $775 refund, IRS chief says

The IRS says refunds are already running higher this year, with the average refund reaching $3,804.

2026-03-06T16:03:16Z

Rising US fuel prices risk sparking domestic wildfire for Trump

Sean Robinson, a 54-year-old schoolteacher in the US capital Washington, did not realize how high gas prices had gotten until he arrived at the pump on Friday. Robinson, the schoolteacher, said he will be watching gas prices every day now.

2026-03-07T02:50:15Z

Politicians want to stop companies from buying homes. A ban wouldn’t bring down costs

In 2020, Raysall Wiggins decided she no longer wanted to rent a home in the Houston neighborhood where she grew up. She wanted to buy. “I wanted to have something of my own, something that I could eventually pass down to my children,” said Wiggins, who has two teenage sons. “My parents never had that, and I wanted something different for my own chi...

2026-03-06T19:46:27Z

Nintendo files lawsuit seeking refunds on Trump’s tariffs

Nintendo Co. filed a lawsuit in the US Court of International Trade on Friday, seeking a refund for duties it paid to the US government as a result of President Donald Trump’s Tariffs.

2026-03-07T04:11:34Z

Anthropic vows court fight in Pentagon row

Anthropic chief executive Dario Amodei has said the company has "no choice" but to challenge in court the Pentagon's formal designation of the artificial intelligence firm as a risk to US national security. Amodei said the Department of War -- the name preferred by the Trump administration for the Department of Defense -- confirmed in a letter that Anthropic and its products, including its widely-used Claude AI model, have been deemed a supply...

2026-03-06T21:00:53Z

German media tycoon Döpfner grows empire with UK’s Telegraph

Mathias Döpfner, the billionaire chief executive officer of Germany’s Axel Springer SE, has struck a deal to acquire the Telegraph, pushing into the UK market by buying one of the country’s oldest newspapers.

2026-03-06T12:56:35Z

Michelin chef Fernando Alcalá leads new restaurant Singular Manila

Spanish chef Fernando Alcalá, who started Michelin-recognized KAVA in Marbella, is deepening his presence in the Philippines as he leads modern fine dining concept restaurant Singular Manila at the Bonifacio Global City in Taguig. Alcalá was named Cocinero Revelación or Best New Chef at Madrid Fusión in 2019. He started KAVA which earned a Big Gourmand distinction from the Michelin Guide in 2020 and was awarded one Repsol Sun in 2021. He was...

2026-03-04T09:03:06Z

US tells tariff refund judge it can’t comply with order

A US Customs and Border Protection official told a federal judge on Friday that the agency can’t comply with a court order to stop processing import duties that include President Donald Trump’s emergency levies that were struck down by US Supreme Court.

2026-03-06T17:36:38Z