Business
Dow Jones Rises Modestly as Markets Stabilize Amid Ongoing Middle East Tensions
The Dow Jones Industrial Average climbed more than 290 points Wednesday, March 25, 2026, snapping a string of choppy sessions as investors weighed persistent geopolitical risks from the U.S.-Israel-Iran conflict against signs of tentative stabilization in oil markets and a modest rebound in equities.

The blue-chip index closed at 46,419.29, up 295.23 points, or 0.64 percent, according to market data. It had opened higher and traded in a range between 46,314.24 and 46,711.45 during the session, with volume reaching about 150 million shares.
Wednesday’s gain followed a mixed Tuesday, when the Dow slipped 84.41 points, or 0.18 percent, to close at 46,124.06. Broader indexes showed similar patterns: the S&P 500 rose nearly 1 percent to around 6,621, while the Nasdaq Composite also posted gains of about 1 percent.
Analysts attributed the modest recovery to a slight easing in oil prices after recent spikes tied to the ongoing war in the Middle East. Crude oil futures trimmed some of their earlier surge, though they remained elevated near $90 per barrel in recent trading. Reports that Washington was drafting a plan to halt fighting helped support a softer inflation outlook, even as Iran issued hawkish responses.
“Markets are breathing a bit after the volatility of the past week,” said one Wall Street strategist who spoke on condition of anonymity because they were not authorized to comment publicly. “Oil is still a wild card, but any de-escalation signals are being welcomed.”
The Dow has been under pressure throughout March 2026, buffeted by inflation concerns and the geopolitical fallout. Earlier in the month, the index tumbled more than 750 points on March 18 amid hotter-than-expected producer price data and Federal Reserve comments that stoked fears of delayed rate cuts. That session pushed the Dow to a new 2026 low at 46,225.15 before a partial recovery.
On March 20, the blue chips fell another 1 percent as oil prices climbed and hopes for near-term Fed easing faded. Year-to-date, the Dow is down roughly 3.7 percent to 5.5 percent depending on the exact closing reference, marking one of its weaker starts to a year in recent memory.
Investors have grown increasingly worried about stagflation risks — a toxic mix of slowing growth and rising prices — reminiscent of the 1970s. The producer price index for February surged 0.7 percent, far exceeding forecasts, while the Iran conflict has disrupted energy supplies and driven up costs across global markets.
The Federal Reserve held rates steady in its mid-March meeting and signaled caution on cuts, citing persistent inflationary pressures exacerbated by higher energy costs. Fed Chair Jerome Powell noted that while the economy remains resilient, upside risks to inflation could keep policy restrictive longer than anticipated.
Within the Dow’s 30 components, gains were broad but led by sectors less exposed to immediate tech volatility. Amazon rose more than 2.5 percent, Amgen advanced nearly 1.8 percent and Boeing gained about 1.8 percent in Wednesday trading. Laggards included Walt Disney, down 0.7 percent, Verizon and Home Depot, each off around 0.6 percent.
Energy-related names showed resilience as oil stabilized. Chevron posted gains earlier in the week, hitting 52-week highs in some sessions amid elevated crude prices. Financial stocks like Goldman Sachs and JPMorgan Chase also found support, reflecting hopes that higher interest rates could bolster bank margins if inflation moderates without tipping the economy into recession.
Technology shares, which have driven much of the market’s gains in recent years, remained volatile. Nvidia and Microsoft saw swings, with the Nasdaq’s performance closely tied to AI enthusiasm clashing against broader macro headwinds.
Looking ahead, traders are eyeing fresh economic data, including potential updates on consumer prices and employment, as well as any diplomatic developments in the Middle East. A ceasefire or de-escalation could provide significant relief to markets, while further escalation risks pushing oil toward $100 or higher and reigniting inflation fears.
Treasury yields rebounded modestly Wednesday as risk appetite improved slightly. The dollar held firm against major currencies.
Wall Street’s recent roller-coaster has highlighted the market’s sensitivity to energy costs and central bank policy. The Dow closed below its 200-day moving average multiple times in March, a technical level watched closely by investors for signs of longer-term weakness.
Some analysts remain cautiously optimistic. “The economy is still growing, unemployment is low, and corporate earnings have largely held up,” said another market observer. “But the wildcard is geopolitics. If oil prices peak and start to retreat, we could see a meaningful relief rally.”
Others warn that persistent inflation could force the Fed to keep rates higher for longer, pressuring stock valuations, especially in interest-rate-sensitive sectors like real estate and utilities.
Retail investors have shown mixed sentiment. Some have rotated into defensive plays such as consumer staples and health care, while others have doubled down on tech names betting on artificial intelligence’s long-term potential despite near-term turbulence.
Globally, European and Asian markets showed mixed performance overnight, with energy stocks generally outperforming amid the oil backdrop. China’s markets faced their own pressures from domestic economic data.
In corporate news, several Dow components reported or previewed earnings that could influence Thursday’s trading. Boeing has navigated supply chain issues amid higher fuel costs, while Amgen and other health care giants have benefited from steady demand.
The broader market context includes lingering effects from earlier 2026 highs. The Dow touched above 50,000 intraday in January before pulling back sharply on tariff concerns, inflation data and now the Middle East conflict. Its 52-week range spans from roughly 36,612 to 50,513.
Volume on Wednesday was lighter than some of the volatile sessions earlier in the month, suggesting some investors were waiting on the sidelines for clearer signals.
As trading wrapped up, Dow futures pointed to a potentially flat or slightly higher open Thursday, pending overnight news flow.
The modest rebound Wednesday offers a pause in what has been a bruising month for stocks. Whether it marks the start of sustained recovery or merely a dead-cat bounce will depend heavily on developments in energy markets and diplomacy in the coming days.
Business
Car-Sized Asteroid 2026 FM3 to Fly Past Earth Closer Than Moon Tonight
A car-sized asteroid designated 2026 FM3 will make a relatively close flyby of Earth late Wednesday, passing at a distance of about 148,000 miles — roughly 60% of the average Earth-moon separation — but posing no risk of impact, NASA officials said.
The asteroid, roughly 15 feet (about 4.5 meters) across, will reach its closest approach at 10:07 p.m. EDT on March 24, or 0207 GMT on March 25, traveling at approximately 12,168 mph (19,580 km/h) relative to Earth. Discovered just days ago, the space rock highlights both the frequency of near-Earth object flybys and the improving capabilities of planetary defense networks to detect them early.

NASA’s Jet Propulsion Laboratory in Pasadena, California, tracks thousands of near-Earth objects (NEOs) through its Center for Near-Earth Object Studies. Asteroid 2026 FM3 appears on the agency’s “Next Five Asteroid Approaches” list as a car-sized object, underscoring that small bodies routinely pass within lunar distances without threat. For context, the moon orbits Earth at an average of 238,855 miles (384,400 kilometers).
“This is a routine close approach for objects of this size,” said a NASA spokesperson. “Asteroids like 2026 FM3 are too small to cause damage even if they were on a collision course, as most would burn up in the atmosphere. Our monitoring systems confirm it will safely pass by.”
The asteroid belongs to the Apollo group of near-Earth asteroids, whose orbits cross Earth’s path around the sun. Such objects originate primarily from the main asteroid belt between Mars and Jupiter, perturbed over time by gravitational interactions with planets.
At 15 feet wide, 2026 FM3 is comparable in size to a compact car. If it were to enter Earth’s atmosphere — which it will not — it would likely produce a bright fireball visible for hundreds of miles but cause no ground damage. Larger objects, roughly 80-100 feet across, are the threshold for potential regional effects, while those exceeding 0.6 miles (1 kilometer) could pose global hazards.
Wednesday’s flyby occurs amid heightened public interest in planetary defense. NASA’s Double Asteroid Redirection Test (DART) mission in 2022 successfully altered the orbit of a small moonlet, demonstrating that kinetic impactors could deflect hazardous asteroids years in advance. The agency’s NEO Surveyor mission, scheduled for launch later this decade, will enhance infrared detection of dark, hard-to-spot objects.
Amateur and professional astronomers may attempt to observe 2026 FM3, though its small size and rapid motion make it challenging for backyard telescopes. At closest approach, the asteroid will appear as a faint, fast-moving point of light requiring precise ephemeris data and dark skies. Professional observatories equipped with larger instruments or radar, such as those at Goldstone or Arecibo’s successor facilities, sometimes characterize such objects during close passes.
The discovery of 2026 FM3 came via the Zwicky Transient Facility at Palomar Observatory in California, part of a global network scanning the skies nightly for transient events. Many small asteroids are found only days or weeks before their closest approaches, yet orbital calculations quickly rule out impact risks.
NASA maintains a catalog of more than 35,000 known NEOs, with roughly 2,300 classified as potentially hazardous asteroids (PHAs) — those larger than 460 feet (140 meters) whose orbits bring them within 4.65 million miles (7.5 million km) of Earth. Objects the size of 2026 FM3 fall well below PHA criteria and are monitored primarily for scientific value.
Close approaches like this one provide opportunities to study asteroid composition, rotation and surface properties. Radar observations during flybys can reveal shape, spin rate and even loose rubble-pile structures common among small bodies. Data from such encounters refine models of solar system formation and help assess long-term deflection strategies.
Wednesday’s event follows a string of recent small-asteroid flybys. In early March, a bus-sized object designated 2026 EG1 passed about 198,000 miles from Earth, closer than the moon, just days after discovery. Another bus-sized asteroid, 2026 FQ2, made a more distant pass on March 24 at over 1.5 million miles. These frequent encounters demonstrate that Earth resides in a dynamic cosmic neighborhood where small bodies pass harmlessly on a near-weekly basis.
Public fascination with asteroids has grown with missions like OSIRIS-REx, which returned samples from Bennu, and Japan’s Hayabusa2 from Ryugu. These primitive bodies contain clues to the solar system’s early chemistry and the delivery of water and organic molecules to early Earth.
For skywatchers hoping to catch a glimpse, experts recommend checking astronomy apps or websites providing real-time tracking. However, 2026 FM3’s small size and speed mean it will not be visible to the naked eye. Those with moderate telescopes and accurate pointing data might detect it as a streaking dot against background stars.
The flyby occurs as global efforts to catalog and characterize NEOs accelerate. The International Asteroid Warning Network and Space Mission Planning Advisory Group coordinate responses to any future threats. No known asteroid larger than 100 feet poses an impact risk in the next century, according to current assessments.
Scientists emphasize that while Hollywood dramatizations often depict doomsday scenarios, the reality of small asteroid flybys is routine and educational. “These events remind us of the importance of continued vigilance and investment in planetary defense,” one astronomer noted. “Most asteroids are benign neighbors, but understanding them helps prepare for the rare larger threats.”
As 2026 FM3 speeds past Earth at more than 12,000 mph, it will continue its journey around the sun, returning for future approaches decades or centuries from now. Its brief visit offers a moment to appreciate the vastness of space and the technological prowess allowing detection of objects mere feet across millions of miles away.
NASA and international partners continue refining detection and tracking systems. The Vera C. Rubin Observatory in Chile, set to begin full operations soon, will dramatically increase the discovery rate of NEOs, potentially finding thousands of new objects annually.
For now, residents of Earth can rest easy. The car-sized visitor will zip by harmlessly, a fleeting reminder of the solar system’s constant, mostly peaceful motion. Observers with clear skies and proper equipment may catch a scientific thrill, while the rest can simply marvel that humanity can spot and track a car-sized rock hurtling through space from millions of miles away.
After tonight’s encounter, attention will shift to the next listed approaches, including additional small objects on March 25. None currently pose any risk, continuing the pattern of safe passages that have protected Earth throughout human history.
Business
Thailand poised to gain from supply chain diversification amidst escalating global tensions
Thailand can benefit from diversified supply chains due to global tensions, but Chris Humphrey emphasizes that political stability is crucial for effective regulatory reform.
Key Points
- Thailand can benefit from supply chain diversification due to increasing global tensions.
- Chris Humphrey, Executive Director of the EU-ASEAN Business Council, emphasizes that political stability is crucial for regulatory reform.
- Humphrey shared insights during an interview with Franc Han Shih on The Nation Thailand’s business show, The Next Move.
Thailand’s Strategic Position in Global Supply Chains
Thailand is poised to capitalize on supply chain diversification as global tensions mount. With disruptions impacting traditional supply routes, Thailand’s geographical advantages and robust manufacturing base present significant opportunities for businesses seeking alternative sourcing locations. This shift in focus not only aims to secure supply chains but also seeks to attract foreign investments that can drive economic growth and resilience in the face of geopolitical challenges, reinforcing Thailand’s status as a vital player in the ASEAN region.
Political Stability as a Catalyst for Reform
Despite these advantages, political stability remains a crucial element for Thailand’s success in fostering an environment conducive to regulatory reform. Chris Humphrey, the Executive Director of the EU-ASEAN Business Council, emphasized this during an interview with Franc Han Shih on The Nation Thailand’s program, The Next Move.
He noted that sustained political stability enables the government to implement effective reglations that can further streamline business operations and bring more foreign investment. Without this stability, the potential benefits of supply chain diversification may not be fully realized, hindering progress in various sectors.
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Lyft launches fuel savings plan for its drivers nationwide
Fox News contributor Liz Peek says she expects the increase in gas prices due to the Iran conflict to be a temporary issue on ‘The Bottom Line.’
Lyft is rolling out a temporary relief plan for its drivers across the U.S. as rising gas prices continue to cut into earnings.
The company announced Wednesday that the 60-day program will begin March 27 and run through May 26. Drivers can earn cash back and save on fuel when they use a Lyft Direct debit card at participating gas stations nationwide.
“Gas prices have jumped significantly in the past few weeks, and we know that hits hardest for drivers who depend on driving for their income,” Lyft said in a statement. “When costs fluctuate, we know relief matters.”
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Lyft’s program will begin on March 27 and run through May 26. (David Paul Morris/Bloomberg via Getty Images )
The plan gives top-tier drivers an extra 2% cash back on fuel, with mid-tier drivers getting an additional 1%. These incentives stack on top of existing rewards, which can total up to 10% depending on driver status.
Drivers can also save an extra 14 cents per gallon through Lyft’s partnership with the Upside app with the option to redeem points for further discounts.
Altogether, Lyft estimates total savings could reach as much as 98 cents per gallon for its highest-performing drivers based on average U.S. gas prices of $3.97.
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Sign for Lyft and Uber services at San Francisco International Airport in San Francisco, California. (Smith Collection/Gado/Getty Images)
As of Wednesday, gas prices hovered at around $3.98 per gallon, according to AAA.
“Drivers are feeling the cost of rising gas prices, which ultimately impacts their earnings,” Yuko Yamazaki, vice president and head of driver at Lyft, said in a statement. “When costs spike, we want drivers to choose Lyft because they feel like the platform works for them, not against them.”
Gas prices have surged more than 30% in recent weeks, driven by global energy disruptions tied to the conflict involving Iran, according to Reuters.
UBER ROLLS OUT NEW APP FEATURES TO MAKE RIDE HAILING EASIER FOR SENIORS

A Lyft driver passes through the Second Street Tunnel in downtown Los Angeles. (Bing Guan/Reuters)
Lyft also noted that drivers using electric vehicles can access separate charging incentives.
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The move follows a similar announcement from DoorDash earlier this week.
Its program, running through April 26, combines cash-back incentives with weekly payments to help offset fuel costs for active Dashers.
FOX Business’ Amanda Macias contributed to this report.
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Framework to measure tech health of bourses on the cards
Sebi has proposed the creation of an IT Resilience Index (ITRI) to monitor the health of their IT systems.
The move comes amid growing reliance on technology for trading, clearing and settlement, making system stability critical to market integrity.
Sebi said the index would give managements and oversight committees a clearer view of vulnerabilities, while also enabling comparisons across institutions.
The ITRI will be computed using a standardised set of parameters with assigned weightages. Availability and security will carry the highest weight at 20% each, followed by integrity, governance, reliability and monitoring, business continuity, and modularity and flexibility at 10% each. Scalability and factors such as incident handling will have lower weights, the regulator said.
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Elon Musk’s AI Faces Baltimore Lawsuit Over Nonconsensual Sexualized ‘Deepfakes’
The city of Baltimore has filed a lawsuit against Elon Musk‘s artificial intelligence company xAI, accusing its chatbot Grok of generating harmful and nonconsensual sexualized “deepfake” images, including those involving minors.
The complaint, filed in a local circuit court, claims that Grok has been used to create explicit images of people without their permission.
City officials argue that this violates consumer protection laws and puts users at serious risk.
The lawsuit marks one of the first major actions by a US city targeting AI-generated deepfake content.
According to the filing, Grok—launched in 2023 and distributed through the social platform X—was promoted as a safe, general-purpose tool.
However, Baltimore alleges the platform has instead become a major source of harmful material.
The city claims millions of realistic sexualized images were created in a short period, including thousands involving children.
According to CNBC, Baltimore Mayor Brandon Scott strongly criticized the situation, saying, “We’re talking about tech companies enabling the sexual exploitation of children.”
He added that the issue is “a threat to privacy, dignity and public safety,” and stressed that those responsible must be held accountable.
Baltimore Targets Grok Over Deepfakes
The lawsuit also points to a viral trend where users prompted Grok to alter images of real people into revealing or explicit versions. Officials argue that such features make it easy to misuse the technology.
In one example cited in the complaint, Musk himself shared an AI-generated image of his likeness in revealing clothing, which the city claims signaled approval of the tool’s capabilities.
Baltimore is now asking the court to step in. The city wants an order requiring xAI to change how Grok works, especially features that may enable abuse.
It is also seeking financial penalties, though no specific amount has been disclosed.
The case comes as xAI faces growing scrutiny worldwide. Regulators in several countries are already reviewing how Grok handles sensitive content.
In response to earlier concerns, the company said it had started limiting certain image requests and blocking content in places where it may be illegal.
Musk previously stated he was “not aware of any naked underage images generated by Grok,” pushing back on claims about the platform, Reuters reported.
However, Baltimore officials say the scale of the issue suggests stronger safeguards are needed.
Originally published on vcpost.com
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