Business
Markets, companies, labor and the economy.
+ Follow Business in your BriefOil prices fall as US and Iran explore path out of war
Oil prices dropped about 2% as reports emerged that the United States and Iran are seeking a way to end their ongoing conflict, even as concerns about Saudi supply and regional tensions persisted.
Tim Tebow pauses ties with Christian seminar group Life Surge amid scam claims
Former NFL quarterback Tim Tebow said Friday he is pausing his relationship with Life Surge, a Christian organization accused of using predatory sales tactics tied to its wealth-building seminars.
The Lumen desk · 1 min readCattle industry groups warn ICE operations in Texas, Oklahoma, Kansas threaten beef supply
Cattle industry organizations in Texas, Oklahoma and Kansas said federal immigration enforcement actions are disrupting meatpacking and ranching operations, warning of a 'massive chilling effect' on the workforce and risks of higher beef prices.
The Lumen desk · 1 min read30-year Treasury yield hits two-decade high as bond selloff accelerates
The 30-year U.S. Treasury bond yield climbed above 5.5% this week, its highest intraday level since 2004, as a broader selloff pushed long-term borrowing costs sharply higher.
The Lumen desk · 1 min readUS mortgage rates top 7% for first time since January 2025
The average 30-year fixed mortgage rate rose above 7% this week, marking the fifth straight weekly increase, according to data from Freddie Mac.
The Lumen desk · 1 min readWhite House signals it will not ban diesel exports amid price concerns
Senator says the White House has indicated it will not impose a ban on diesel fuel exports, opting instead for measures short of an outright ban, as experts warn a ban could raise global fuel prices.
The Lumen desk · 1 min readUS consumer sentiment falls to four-month low in September amid inflation worries
The University of Michigan's consumer sentiment index dropped to 48.1 in September, a four-month low, as Americans cited concerns over inflation, gas prices and the broader economy.
The Lumen desk · 1 min read