The escalating war has choked off oil and gas supplies to key customers in Asia and Europe and sent energy prices soaring.

Canal revenue increased 8%-10% in the first five months of its fiscal year 2026, which started in October, compared to the same period a year earlier. The canal saw a record $5.7 billion in FY 2025. 

The job market had been expected to rebound this year from a lackluster 2025 when the economy, buffeted by President Donald Trump's erratic tariff policies, generated just 15,000 jobs a month.

“You can’t sugarcoat this report,” said Brian Jacobsen of Annex Wealth Management. “A negative payrolls number combined with a big jump in oil prices will have traders worrying about stagflation risks.”

The value of retail purchases decreased 0.2% after no change in December, Commerce Department data showed March 6. Excluding car dealers, sales were little changed.

Maersk will temporarily halt its FM1 Service, which connects the Far East to the Middle East, and its ME11 Service, which links the Middle East to Europe, according to a notice to customers on March 6.

A review of shipping signals have confirmed only two commercial transits in the past 24 hours, the Joint Maritime Information Center said in a note on March 6.

CK Hutchison's plans to sell its global ports are at an impasse a year after the deal was announced, with hopes pinned on a meeting between Donald Trump and Xi Jinping to yield a breakthrough.

Ex-First Brands CFO Stephen Graham pleaded guilty over a fraud that drove the auto parts supply firm into bankruptcy, and he will testify against company founder Patrick James and his brother Edward.

Diesel prices rocketed in the immediate aftermath of the joint U.S.-Israel attacks on Iran, and the military escalation that followed set in motion a wave of geopolitical uncertainty.

Costco Wholesale's quarterly profit rose more than expected, showing the club chain is capitalizing on an extended period of sales growth. 

Amazon.com's website and mobile app malfunctioned for some users March 5, with critical features like product listings and checkout options producing error pages. 

U.S. companies added the most jobs since November last month — 63,000 — adding to evidence of some stabilization in the labor market.

The Trump administration is weighing a range of options for addressing the spike in oil and gasoline prices amid the war in Iran, Interior Secretary Doug Burgum said.

The U.S. meatpacking industry faces a new wave of scrutiny, this time from Senate Democrats seeking to allow companies to process only one type of meat and set stricter limits on the beef market.

The U.S. oil futures rally took another move higher, sending prices to their highest in about 20 months as investors price in a prolonged war in the Middle East that could upend crude flows.

The Pentagon said it has formally notified Anthropic that it has determined the company and its products pose a risk to the U.S. supply chain, escalating a dispute over AI safeguards.

“People are still holding on to their money,” said Charles Smith, regional business development and marketing manager at Mission Financial Services.

The Democratic attorneys general and governors in the lawsuit argue that Trump is overstepping his power with planned 15% tariffs on much of the world.

Federal and local law enforcement officers have taken action to bust an organized ring of diesel thieves thought to be selling the fuel around the Port of Oakland.