Business

Global financial markets are reacting sharply to President Donald Trump declaring the U.S. ceasefire with Iran is “over,” which has sent U.S. oil prices surging over $75 per barrel. Following this announcement, the Dow Jones Industrial Average plummeted roughly 800 points, while the S&P 500 and Nasdaq have also experienced significant declines.

A state judge ruled that the City of Los Angeles can move forward with a lawsuit against Airbnb alleging illegal price gouging during the 2025 wildfires. The legal action targets the booking platform for allegedly allowing hosts to drastically inflate lodging rates during emergency evacuations.