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Business News

Surging oil prices sink stock market

NEW YORK — Stocks sank on Wall Street Thursday after the price of oil spiked to its highest level since the summer of 2024 because of the war with Iran. The S&P 500 fell 0.6% and erased what had been a small gain for the year so far. The Dow Jones Industrial Average briefly dropped more ...

Business at a glance for March 6

States sue over new global tariffs WASHINGTON — Some two dozen states are challenging President Donald Trump’s new global tariffs in court. On Thursday, the states filed a lawsuit over import taxes he imposed after a stinging loss at the Supreme Court. Democratic attorneys general ...

Google settles with Epic Games, offers to lower its app store commissions

SAN FRANCISCO (AP) — Google will lower the lucrative fees imposed on its Android app store and offer a way for rival options to gain its stamp of approval, ending a bruising legal battle that led to one of several rulings condemning its tactics as an illegal monopoly. The proposed changes ...

Gasoline, diesel prices spike as anxious drivers fill up tanks

NEW YORK (AP) — The average price for a gallon of gasoline jumped 11 cents overnight in the U.S., and drivers in Europe waited in line to fill their tanks with fuel, as war engulfed the Middle East and shipments of oil and gas were stranded in the Persian Gulf. Depending on the duration of ...

Dow drops 400 after trimming an early plunge of 1,200 as oil prices climb

NEW YORK (AP) — A sell-off for stocks wrapped around the world and hit Wall Street Tuesday, while oil prices climbed even higher on worries about the widening war with Iran. But the big moves that rocked markets in the morning eased substantially as the day progressed. By the end of ...