Business News

AM Business Notebook

For: March 2, 2026

>>Wall Street Braces For Volatile Trading On Iran Fears

(New York NY) -- Investors are expecting a volatile day on Wall Street today. The price of oil is already surging on fears the situation in Iran could disrupt supply. Crude futures have jumped roughly ten percent in recent trading, reaching around 80 dollars a barrel, with analysts warning that prices could spike further. Meanwhile, all U.S. stock markets are positioned to open lower this morning after all three major averages ended February in the red. At the closing bell on Friday, the Dow Jones Industrial Average lost 521 points to 48-977. The S&P 500 fell 29 points to 68-78. The Nasdaq dropped 210 points to 22-668.

 

>>OPEC Boosting Output After Iran Strikes

(Vienna) -- OPEC and other oil-producing countries say they'll increase output to help offset any shortfalls from Iran. The move was announced Sunday. The group is taking action after the start of military strikes on Iran by the U.S. and Israel. Oil tankers are avoiding the Strait of Hormuz near Iran, a critical corridor that typically sees around a quarter of the world's oil trade.

 

>>Jobs Report Due This Week

(Undated) -- Coming up in the business week ahead, any potential fallout from U.S. military operations in Iran will grab the spotlight. The ADP employment report will be released on Wednesday, followed by weekly jobless claims on Thursday. The monthly jobs report wraps up the week on Friday. Most analysts are expecting to see around 54-thousand jobs in February, compared to the 130-thousand added in January.

 

>>Apple Has New Hardware To Show Off

(Cupertino, CA) -- Apple is planning to unveil some new hardware this week. The tech company will skip the standard one-day event and announce new products over three days - starting today. One of those offerings is the iPhone 17e, expected to start at 599 dollars. A couple of new iPads are also expected to be rolled out.

 

>>Box Office Results

(Undated) -- "Scream7" dominated the weekend box office with a franchise-best 64-million dollars in the U.S. and roughly 97-million worldwide. That makes the latest installment in Scream horror series one of the biggest openings this year. Family-friendly "GOAT" finished second with about 12-million.

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