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Doubts about the U.S.-Iran ceasefire push oil prices toward $100 and slow stocks

By Stan Choe, Associated Press

Oil prices skipped higher early Thursday and Wall Street veered toward modest losses on skepticism over a fragile and muddled ceasefire deal between the U.S. and Iran.

'Ketamine Queen' gets 15 years in prison for selling Matthew Perry the drugs that killed him

By Andrew Dalton, Associated Press

A federal judge on Wednesday handed down a sentence of 15 years in prison to a woman who pleaded guilty to selling “Friends” star Matthew Perry the ketamine that killed him in 2023.

Oil plunges below $95 as Dow surges 1,100 following Iran ceasefire deal

By Stan Choe, Associated Press

Stock prices are still below where they were before the war. And oil prices are still significantly higher because the threat remains that the war could continue and keep oil tankers blocked in the Persian Gulf.

As jet fuel costs soar, Delta joins growing list of U.S. airlines raising checked bag fees

By Rio Yamat, Associated Press

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.

Russia and China veto watered-down UN resolution aimed at reopening the Strait of Hormuz

By Edith M. Lederer, Farnoush Amiri, Associated Press

The vote — 11 in favor, two against and two abstentions — took place just hours before an 8 p.m. Eastern deadline set by U.S. President Donald Trump for Iran to open the strategic waterway or face attacks on its…

Top Fed official sees potential rate hike amid higher gas prices, inflation concerns

By Christopher Rugaber, Associated Press

A top Federal Reserve official said Monday that an interest rate hike could be appropriate if inflation remains persistently above the central bank's 2% target, the latest sign that some policymakers are moving away from a bias toward reducing borrowing costs.

Company backed by Trump sons looks to sell drone interceptors to Gulf states being attacked by Iran

By Bernard Condon, Associated Press

The sales drive by Florida-based Powerus – which announced a deal last month to bring aboard Eric Trump and Donald Trump Jr. – positions the company to potentially benefit from a war that their father began.

Federal government sues three states for trying to regulate prediction markets

By Susan Haigh, Associated Press

All three states have sent cease and desist orders to such companies accusing them of engaging in illegal online gambling under state law.

U.S. employers added a surprisingly strong 178,000 jobs last month, rebounding from a weak February

By Paul Wiseman, Associated Press

The Labor Department reported Friday that hiring marked a rebound from the loss of 133,000 jobs in February. The job gains were about three times what economists had forecast.

Trump calls for a major increase in defense spending alongside cuts in domestic spending

By Lisa Mascaro, Kevin Freking, Associated Press

The White House is releasing details of President Donald Trump’s 2027 budget, including a $1.5 trillion defense spending request. That's the largest of its kind in decades.