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Business News

Oil sells off as traders look beyond the bombs in the Middle East

NEW YORK (AP) — If oil prices are any measure, Iran just flinched. The price of oil tumbled Monday afternoon in an historical move as traders bet that Iran’s decision to bomb a U.S. base in Qatar signals it is not planning to do the one thing that could really hurt America: Shut down the ...

Federal Reserve’s Bowman says rate cut should be on table in July

WASHINGTON — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House. Bowman said that ...

Cybernews researchers: Billions of login credentials have been leaked online

NEW YORK (AP) — Researchers at cybersecurity outlet Cybernews say that billions of login credentials have been leaked and compiled into datasets online, giving criminals “unprecedented access” to accounts consumers use each day. According to a report published this week, Cybernews ...

Wall Street closes another week of modest losses

NEW YORK (AP) — U.S. stocks drifted to a mixed finish on Friday in a quiet return to trading following the Juneteenth holiday. The S&P 500 fell 0.2% to close out a second straight week of modest losses. The Dow Jones Industrial Average added 35 points, or 0.1%, and the Nasdaq composite ...

Consider target-date funds for your IRA

Why do target-date funds make ideal IRA investments? Here to discuss this topic is Jason Kephart, a senior principal with Morningstar’s manager research team. The interview has been edited for length and clarity. Q: Target-date funds tend to be great investments for an IRA, because if ...

Expressing gratitude can transform your work, life

NEW YORK — The first thing Alison C. Jones does when she wakes up is to name three things she’s grateful for. It can be as simple as the breeze from a fan or as meaningful as the way a friend showed up for her emotionally. Jones, an organizational development consultant, said the daily ...