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Oil plunges below $95 as the Dow surges following US, Iran ceasefire

NEW YORK (AP) — Oil prices plunged below $95 per barrel, and stock markets surged worldwide Wednesday after President Donald Trump pulled back from his threat to destroy Iran. The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz and allow oil tankers to exit the Persian Gulf. The Dow Jones Industrial Average rallied 1,325 points, or 2.8%, and the Nasdaq composite soared 2.8% following even bigger gains in European and Asian stock markets. To be sure, stock prices are ...

Samsung is discontinuing its texting app

NEW YORK (AP) — Samsung is saying goodbye its namesake texting app, at least for United States customers. According to an end of service announcement published on the tech giant’s U.S. support website, Samsung Messages will be discontinued in July. Impacted owners of Samsung smartphones and other gadgets are being asked to switch to Google Messages in the meantime, “to maintain a consistent messaging experience on Android.” All Samsung Galaxy phones run on Google’s Android operating system. To switch to Google Messages, Samsung’s website gives users instructions to ...

Oil plunges toward $90 as the Dow surges 1,300 in a worldwide rally following a ceasefire with Iran

NEW YORK (AP) — Oil prices are plunging back toward $90 per barrel, and stock markets are surging worldwide after President Donald Trump pulled back from his threat to force a “whole civilization” to die in the war with Iran. The S&P 500 leaped 2.4% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz and allow oil tankers to exit the Persian Gulf and reach customers. The Dow Jones Industrial Average was up 1,332 points, or 2.9%, as of 10 a.m. Eastern time, and the Nasdaq composite was 2.9% ...

Delta joins the growing list of US airlines raising checked bag fees as jet fuel costs soar

Delta Air Lines announced Tuesday it is raising checked baggage fees, part of a broader wave of U.S. carriers responding to higher jet fuel prices tied to the war in the Middle East. Beginning Wednesday, most passengers on domestic and short-haul international routes will pay $10 more for their first and second checked bags, and $50 more to check a third. That brings the fees to $45 for the first bag, $55 for the second and $200 for the third, according to Delta. “These updates are part of Delta’s ongoing review of pricing across its business and reflect the impact of evolving ...

AP says it will offer buyouts as part of pivot away from newspaper-focused history

The Associated Press said Monday it is offering buyouts to an unspecified number of its U.S.-based journalists as part of an acceleration away from the focus on newspapers and their print journalism that sustained the company since the mid-1800s. The News Media Guild, the union that represents AP journalists, said more than 120 of the staff members it represents received buyout offers on Monday. The news organization is becoming more focused on visual journalism and developing new revenue sources, particularly through companies investing in artificial intelligence, to cope with the ...

The pros and cons of taking on projects yourself

When something in the house stops working or needs to be replaced, the first impulse of many people is to call a contractor or comparison shop online. Others have the mindset, skills, resources or time to handle it themselves. Do-it-yourselfers often are regarded as determined and ...