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Falling oil prices help calm stock, bond markets

NEW YORK (AP) — Oil prices fell again on Tuesday, which helped ease worries in the bond market and support stock prices. The S&P 500 rose 0.3% and edged a bit closer to its all-time high set earlier this month. The Dow Jones Industrial Average added 160 points, or 0.3%, and the Nasdaq composite climbed 0.7%. Some of the strongest action was in the oil market, where the price for a barrel of Brent crude fell 3.6% to $87.27 for a second decline following 13 gains in 14 days. The drop came even though tensions between the United States and Iran seemed to ratchet higher after the Trump ...

Canada strikes back

TORONTO (AP) — Canada struck back at the United States on Tuesday with retaliatory tariffs on about $20 billion worth of American goods, including steel, dairy products, appliances and farm equipment, as the trade war between the once-friendly neighbors escalated sharply. The confrontation ...

Economists don’t expect reopening the US to Mexican cattle imports to reduce high beef prices

The U.S. reopened a border crossing in Arizona to cattle from Mexico on Monday as part of a broader effort by the Trump administration to reduce record-high beef prices, though economists doubt the move will mean much to grocery store shoppers. The U.S. Department of Agriculture has said concerns about the New World screwworm’s spread lessened enough to allow the movement of cattle from Mexico at a crossing in Douglas, Arizona, about 230 miles southeast of Phoenix. Over time, it hopes to reopen other crossings in New Mexico and Texas. “Today, the border in Sonora is open for ...

An influencer degree?

Ask a teen what they want to be when they grow up, and there’s a fair chance being an influencer is on their list. Digital media and the people who star in it have been cultural mainstays for teens’ entire lives, so creating social media, video or podcast content seems a natural, albeit ...

Hidden iPhone keyboard shortcuts to raise your texting and typing game

Texting friends, replying to a business email, tapping out some text for a social media post. We do a lot of writing on our smartphones, which are increasingly essential for our work and personal lives. But did you know about the many keyboard tips and tricks that can help raise your ...

How much should retirees worry about inflation?

Inflation can be scary for retirees. True, Social Security provides inflation increases in line with the consumer price index, or CPI. But any portfolio income, save allocations to inflation-protected bonds, isn’t inherently inflation-protected. And if inflation occurs early in your retirement, those higher prices will do more damage throughout retirement, potentially jeopardizing your portfolio’s ability to last. To gauge your inflation risk and how strenuously you need to defend against it, ask yourself three questions. 1. Where are you spending? You may not have stopped to ...