Oil prices rise 7%, and stocks drop worldwide after Trump says ceasefire with Iran is over
NEW YORK (AP) — Oil prices are rising, and stock markets are dropping worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell 0. 8% after Trump said the agreement to pause fighting was “over,” though he added that he would allow negotiations to continue. The Dow Jones Industrial Average was down 745 points, or 1. 4%, as of 11 a. m. Eastern time, and the Nasdaq composite was 0. 7% lower. The action was stronger in the...
Read MoreWed, 08 Jul 2026
- Oil prices rise 7%, and stocks drop worldwide after Trump says ceasefire with Iran is over
- Specialty farmers adapt harvests, protect crops in face of extreme heat
- IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AI
- Polymarket is in a high-stakes race to win back trust as it recommits to the US market
- The best used sedans for under $15,000, according to Edmunds
- US launches new strikes on Iran, revokes oil sales permit after 3 ships attacked in Strait of Hormuz
- Judge dismisses Prince Harrys privacy invasion lawsuit against publisher of Daily Mail
- US airlines monthly fuel spending topped $6 billion again in May, up 84% from year ago
Tue, 07 Jul 2026
- South Korean law targeting fake news takes effect as journalist groups raise concerns
- AI stocks sink and drag markets lower worldwide
- Wall Street banks are sky-high about SpaceX, but investors remain cautious
- Whats offside? And all your other World Cup questions, answered
- US airlines are redesigning travel around their highest-paying passengers
- How to tackle estate planning basics in 6 steps
- Louis Vuitton court victory against Chinese tea chain stirs up a debate over copyrights
Mon, 06 Jul 2026
- Ex-civil rights agency commissioner fired by Trump drops lawsuit in wake of Supreme Court ruling
- Trump says Walmart cut prices at his request, but Walmart statement omits administrations role
- Rebounding AI stocks send the SP 500 within 1% of its record
- Supreme Court wont block Texas from enforcing a law requiring age verification for app downloads
- Microsoft cuts 4,800 jobs, including many at Xbox in a reset of its gaming division
- Alberta and Ontario propose a pipeline to carry western Canadas oil to the east
- You can ignore AI giants like SpaceX, but your 401(k) wont
- Nonprofits and brands are navigating the partisan air of the 250th in search of a unifying tone
- Trump rings Wall Streets opening bells as he ties his presidency to stock market gains
- Sky agrees to buy British broadcaster ITV for up $2.1 billion to compete with streaming giants
Sun, 05 Jul 2026
- Delta pilot reports a close encounter with a July Fourth firework before landing in Chicago
- 7 OPEC+ countries agree to expand monthly oil production modestly as prices slide
- Minions Monsters tops Fourth of July holiday box office, barely beating Toy Story 5
Sat, 04 Jul 2026
- Small businesses say theyre having a good summer as Americans travel closer to home
Fri, 03 Jul 2026
- Rescue mission launches to save NASA telescope thats falling back to Earth
- A California farmer is giving away tons of nectarines that hes not allowed to sell
- Tribes hope Farm Bill can feed more people and preserve Indigenous culture
- World shares are mixed after Dow hits a new record, as some AI shares bounce back
- Egg producers will pay $3.3M and donate 53 million eggs to settle price-fixing claims
- Australian prime minister condemns delay of changes to child social media ban
- Canada advances Alberta pipeline to Pacific Coast to expand oil exports beyond the US
- Carney and Marcos deepen Canada-Philippines ties as Ottawa looks beyond US trade
Thu, 02 Jul 2026
- The Dow hits a record as most of Wall Street rises, but slumping AI stocks keep indexes mixed
- Democrats accuse Trump-linked fundraisers of fraud over diverted donations for Americas anniversary
- Taylor Swift and Travis Kelce donate $26M to charities ahead of wedding
- Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
- A grim job outlook meets a scrappy workforce as administrative assistants harness AI
- Heat adds to strains on areas with data centers, raising the temperature on AI debates
- Trump administration proposes a rule it says could save Medicare patients $1.1 billion on drugs
- Tesla sales jumped last quarter in a possible sign the worst of the Musk backlash is behind it
- US employers still reluctant to add many jobs as hiring slows in June
- Top EU court dismisses Google appeal of $4.5 billion antitrust fine
- U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels
- Merz unveils sweeping reform push for Germany: Tax cuts, pension overhaul and new sick leave rules
- South Korea disputes US congressional report claiming discrimination against Seattle-based Coupang
- Iran warns oil tankers to use approved routes in Strait of Hormuz or face a forceful response
- Chinas Inner Mongolia bets on solar and wind but coal stays close
- Federal audit finds Puerto Rico awaiting billions of dollars nearly a decade after deadly hurricane
- UPS never required detailed inspection of part that failed before engine flew off plane that crashed
Wed, 01 Jul 2026
- Democratic congressman asks the CFPB to investigate rent now, pay later companies
- Alibaba to pay $600M to settle allegations it allowed illegal drug and equipment sales
- Most US stocks rise, but drops for tech pull Wall Street lower
- Crypto, real estate, watches: How Trump made over $1 billion last year
- The US, Canada and Mexico begin bumpy negotiations to renew North American trade pact
- AOLs owner, Bending Spoons, hits Wall Street with $1.7 billion IPO
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