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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 trading, the S&P 500 had sunk 0.9%. That would be a solid loss on a typical day, but the index had been down as much as 2.5% in the morning because of worries that the war may do more sustained damage to the economy than feared. The Dow Jones Industrial Average dropped 403 points, or 0.8%, after ...

Federal court rejects Trump administration attempt to slow tariff refund process

WASHINGTON (AP) — A federal court on Monday rejected the Trump administration’s attempt to slow the process of refunding billions of dollars’ worth of tariffs the Supreme Court struck down as illegal last month. The U.S. Court of Appeals for the Federal Circuit started the next phase in the refund process by sending it to a lower court to sort out. In a court filing Friday, Trump’s Justice Department had urged the Federal Circuit to proceed cautiously and hold off for 90 days. But the judges refused. The Supreme Court ruled Feb. 20 that Trump’s sweeping tariffs on most ...

Stocks erase sharp losses; oil prices leap on Iran war worries

NEW YORK (AP) — Oil prices leaped Monday on worries that war with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain. Crude prices jumped more than 6%, which will likely mean higher prices soon at gasoline pumps. That would hurt not only U.S. households, whose spending makes up the bulk of the U.S. economy, but also businesses with big fuel bills. The S&P 500 fell as much as 1.2% at the start of trading, and cruise lines and airlines led the way lower. But U.S. stocks quickly erased those losses, in ...

Individual investors’ impact on Wall Street grows

LOS ANGELES — For years, individual investors were dismissed by some on Wall Street as “dumb money.” That typically referred to those prone to trading on hype, or chasing trends rather than company or industry fundamentals, or responding late to big market moves. That’s no longer ...

YBI launches EmpowerUS awards

YOUNGSTOWN — The Youngstown Business Incubator hosted its inaugural EmpowerUS Awards on Thursday to honor minority-owned businesses and community leaders for their contributions to the region’s economy. The event, held in recognition of Black History Month, drew entrepreneurs, corporate ...

5 smart ways to diversify your portfolio

Portfolio diversification might sound like a chore, but it’s worth the effort in 2026, given how dominant the artificial intelligence trade was last year. Without some smart diversification, your “just fine” investment portfolio from 2025 may be vulnerable in 2026. “Investors don’t have to think there’s an AI bubble to be concerned about the concentration risk that AI has wrought,” says Morningstar Indexes strategist Dan Lefkovitz. “Concentration … leaves investors holding a market portfolio less diversified than in the past—by stock, sector, and theme.” Here ...