Cisco leads Wall Street to more records and the Dow back to 50,000
NEW YORK — The U.S. stock market rose to more records Thursday after Cisco Systems joined the parade of U.S. companies reporting fatter profits for the start of 2026 than analysts expected. The S&P 500 climbed 0.8% to set an all-time high for a second straight day. The Dow Jones...
Average U.S. long-term mortgage rate eases to 6.36% in 1st drop after 2 straight weekly increases
The average long-term U.S. mortgage rate edged lower this week, its first drop after rising the previous two weeks. The benchmark 30-year fixed rate mortgage rate fell to 6.36% from 6.37% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.81%. Borrowing costs on 15-year...
Oil prices rise as the Iran war drags on, but stocks inch to more records
NEW YORK — Oil prices rose Monday as the war with Iran threatens to drag on for longer, but the U.S. stock market nevertheless inched toward more records. The price for a barrel of Brent crude oil climbed 2.9% to settle at $104.21 after President Donald Trump said the U.S.-Iran...
Trump administration considers tapping oil under military bases to refill reserve
WASHINGTON — The Trump administration is studying using oil under land at U.S. military bases and other Department of Defense sites to help refill the nation’s depleted emergency reserves, according to a person familiar with the matter. No decision has been made on the possible initiative, said the person who...
Wall Street rallies to records after oil prices ease and corporate profits keep topping expectations
NEW YORK — The U.S. stock market rose to records Tuesday after oil prices eased and companies kept reporting bigger profits for the start of the year than analysts expected. The S&P 500 climbed 0.8% to top its prior all-time high set at the end of last week. The Dow...
Wall Street falls from its records as oil prices jump after fighting flares in the Middle East
NEW YORK — The U.S. stock market fell from its record heights Monday, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran. The S&P 500 sank 0.4%, coming off its latest all-time high. The Dow Jones Industrial Average dropped...
Shares of eBay take off on a $56 billion buyout bid from GameStop’s Ryan Cohen
Shares of eBay are soaring before the opening bell Monday as Ryan Cohen’s GameStop pursues an approximately $56 billion takeover of the company, seeing it as a vehicle to compete with online retail giant Amazon. The national gaming retailer said that its approximately 1,600 U.S. stores could become drop-off and...
Spirit Airlines built a model the industry copied. Then it collapsed
Spirit Airlines, the scrappy discounter that once rattled the industry with cheeky ads and rock-bottom fares, took its final flight after 34 years of upending the business of flying. Once worth as much as roughly $5.5 billion on the stock market, the airline known for its bright yellow planes said...
Sinking AI stocks and rising oil prices weigh on Wall Street
NEW YORK — Sinking AI stocks and another climb in oil prices because of the Iran war helped pull Wall Street off its record heights on Tuesday. The S&P 500 fell 0.5% from its latest all-time high. The Dow Jones Industrial Average dropped 25 points, or 0.1%, while the Nasdaq...
Ex-FBI Director Comey indicted in probe over online post officials say constituted Trump threat
WASHINGTON — Former FBI Director James Comey was indicted on Tuesday in an investigation over a social media photo of seashells arranged on a beach that officials said constituted a threat against President Donald Trump, according to a person familiar with the matter. The person was not authorized to publicly...
Adopted and locked away: Kids promised ‘forever homes’ instead confined in for-profit institutions
She was 13 years old and scared of the dark when she arrived at a residential treatment center that had promised her adoptive parents it would help her heal — from the pain of not knowing who her mother was or why she’d given her away. Kate plugged in a...
Ford denies reported talks with Geely to bring China tech to U.S.
Ford Motor Co. denied a news report that it has held talks with Geely Automobile Holdings Ltd. about bringing Chinese car technology to the U.S. market. A Ford spokesperson told Bloomberg News that no such talks have happened or are happening with any Chinese carmaker about technology sharing or platform...
Trump considers a taxpayer takeover of Spirit Airlines and would aim to resell carrier
NEW YORK — President Donald Trump said Thursday that he was weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop. The president confirmed his continued interest in offering Spirit a financial lifeline after a lawyer told a U.S. Bankruptcy...
Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyoutsVideo
Meta is laying off about 8,000 workers, or about 10% of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires. The company said it was making the cuts for the sake of efficiency and to allow new...
Stocks rally to records, but Brent oil also tops $100 on worries about the Iran war
NEW YORK — The U.S. stock market rallied to more records Wednesday after GE Vernova, Boston Scientific and other big companies joined the parade reporting fatter profits for the start of the year than analysts expected. But caution still hung over Wall Street, and oil prices rose on uncertainty about...
Oil prices rise and stocks give back a bit of their record-breaking rally
NEW YORK — Oil prices climbed Monday following the latest rise of tensions between the United States and Iran, but the moves were more modest than they were earlier in the war. U.S. stocks, meanwhile, gave back a bit of their record-breaking rally. The S&P 500 slipped 0.2% from its...
Oil prices rise anew after a U.S.-Iran standoff in the Strait of Hormuz strands tankersVideo
NEW YORK — Oil prices rose in early trading Sunday as a standoff between Iran and the U.S. prevented tankers from using the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies. The price of U.S. crude oil increased 6.4% to $87.90 per barrel an...
Traffic and trepidation in the Persian Gulf could keep gasoline prices from dropping quickly
NEW YORK — After U.S. President Donald Trump and Iran’s foreign minister said the Strait of Hormuz was fully open to commercial vessels after almost seven weeks of war, oil prices plunged 10% and the stock market rallied Friday. Motorists, hoping for relief at the pump, wondered how quickly gasoline...
Turning Point USA’s high school push in GOP states meets free speech and religion concerns
OMAHA, Neb.— Republican leaders across the U.S. are encouraging chapters of the conservative political group Turning Point USA in all public high schools in the wake last year’s assassination of co-founder Charlie Kirk, an effort they describe as countering the oppression of conservative voices in education. The group’s endorsement by...
Trump approval plummets among Latino voters — except in Florida, new poll finds
Latino voters across the country — a surprising part of Donald Trump’s coalition in 2024 — are now extremely dissatisfied with the president and his policies, a new poll shows. But that is not so much true in Florida, where Cubans remain a bastion of GOP support. In a nationwide...
Ford recalls 1.4 million F-150 pickup trucks to fix a gearshift issue
Ford is recalling almost 1.4 million of its F-150 pickup trucks in the U.S. because of a gearshift issue that may lead to the loss of control of vehicles and increasing the risk of a crash. The automaker is aware of two injuries and one accident possibly related to the...
Could more cattle cause record beef prices to drop? Ranchers say it’s not that simpleVideo
MANDAN, N.D. — It’s never been so expensive for Americans to buy a steak or hamburger, but cutting those costs requires ranchers like Stephanie Hatzenbuhler to raise more cattle — and that’s not an easy ask. For a host of reasons, Hatzenbuhler and other ranchers across the country are reluctant...
Wall Street hits a record as S&P 500 continues its 2-week rally on hopes for the Iran war
NEW YORK — The stock market hit a record Wednesday after adding to its two-week rally built on hopes the war with Iran won’t create a worst-case scenario for the global economy. Whether Wall Street is correct to have so much hope for peace and whether stocks should be the...
A reimagined ‘Cats’ on Broadway features a special cat — an actor from the original 1980s musical
NEW YORK — A DJ with a high-top fade and a crate of vinyl records begins “Cats: The Jellicle Ball” on Broadway. He picks out two LP sleeves, blowing off dust, before settling on a familiar cover with a pair of glowing yellow cat eyes against a black background —...
Prosecutors seek access to Federal Reserve building as Trump threatens to fire Powell
WASHINGTON — Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit. Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro’s office...
