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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.

The Senate has passed a major housing reform bill. Here are 3 ways it could have a 'big impact'

By Hannah Grabenstein

Through a series of smaller efforts such as solidifying disaster recovery programs, funding low-income home repairs and keeping rural housing affordable, experts say the legislation has the potential to improve the nation’s housing infrastructure.

Volatility hits Wall Street and U.S. oil tops $110 a barrel

By Damian J. Troise, Associated Press

The unsettled trading follows a national address late Wednesday from President Donald Trump, where he vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East.

Stocks rally worldwide and oil prices ease on the hopes for a possible end to Iran war

By Stan Choe, Associated Press

Oil prices also fell back toward $100 per barrel after President Donald Trump said late Tuesday that the U.S. military could end its offensive in two to three weeks.

Stopgap measures aren't enough to halt rising gas prices in the face of the Iran war

By Cathy Bussewitz, Associated Press

Hoping to ease some pain for consumers, President Donald Trump and other heads of state have been pulling on various levers, launching more oil on the market in a bid to calm the chaos.