Morning Business Report: Trump says Iran war nearing completion as markets swing and new economic trends emerge

President Donald Trump is signaling the war with Iran may soon be coming to an end.

(LILAMAX)- President Donald Trump is signaling the war with Iran may soon be coming to an end.

In a Monday interview with CBS News, the president said the conflict is “very complete, pretty much,” suggesting the U.S. bombing campaign could soon wind down. Trump had previously predicted the war could last four to five weeks, but now says the timeline has moved much faster.

“We’re very far ahead of schedule,” Trump said, adding that Iran no longer has a navy or air force.

Meanwhile, it was a volatile day on Wall Street Monday. After dropping roughly 1,000 points overnight, the Dow rebounded and ended the day higher. Oil prices also reversed course, falling by the end of trading.

In the workplace, researchers are warning about a new downside to the rapid rise of artificial intelligence. Experts are calling the phenomenon “brain fry,” defined as mental fatigue caused by excessive use or oversight of AI tools beyond a person’s cognitive capacity.

Researchers say the aggressive push to adopt AI in the workplace is placing growing mental strain on employees. According to findings from Boston Consulting Group and the University of California, Riverside, the cognitive demands of managing AI systems can carry significant mental costs.

Meanwhile, new data from the Internal Revenue Service shows the average federal tax refund has climbed to nearly $3,800 this year. That represents an 8.8 percent increase from the same time last year.

So far this tax season, the IRS has processed more than 36 million refunds totaling over $136 billion. Refund amounts were expected to increase due to provisions in the “One Big Beautiful Bill,” which introduced new tax breaks for millions of Americans.

At the same time, many workers say their workloads continue to grow without additional compensation. A recent survey of 2,000 employed Americans found many feel they are effectively doing the work of three jobs.

The study found employees report taking on an average of nine new tasks each year, while more than half say they have not received a raise or promotion despite the additional responsibilities.