Business Update

The U.S.-Israeli war with Iran has paralyzed the strait, a vital shipping lane for energy and commerce, putting global investors on edge. Source link

The deal would put the combined company in the same league as Disney and Amazon. But Netflix and YouTube will still easily outrank everyone. Source link

Beth M. Hammack, head of the Federal Reserve Bank of Cleveland, says it is too early to gauge the economic impact of the Iran war and backs holding interest rates steady for “quite some time.” Source link

Stocks in Asia sank on Wednesday, led by sharp declines in South Korea, as the war in Iran raised concerns about spiraling energy costs. Source link

Beast Industries has acquired a banklike app for young people and could eventually offer a variety of financial services, including crypto. Source link

A huge number of Indians split their lives across the Arabian Sea — remitting $125 billion a year, supporting their families and the Indian economy. Source link

Joichi Ito’s involvement in a publicly funded Japanese initiative had come under scrutiny after new details revealed his close relationship with Jeffrey Epstein. Source link

Seeming to acknowledge critics’ complaints about the high cost of snow sports, the company is cutting the price of its 2026-2027 Epic Passes for younger skiers and snowboarders. Source link

The administration told a court on Monday that it was abandoning its defense of executive orders targeting the firms. But on Tuesday, the Justice Department abruptly changed its position. Source link

The new C.E.O. said the company would focus on home décor, apparel and pop culture trends in an effort to reverse years of sales declines. Source link