Business

Trump says US to get diesel from Russia

WASHINGTON (AP) — President Donald Trump said that he has struck a deal to obtain diesel from Russia, a stunning reversal of years of U.S. pressure on Moscow over its war with Ukraine and an attempt to address high fuel prices ahead of the U.S. midterm elections. Trump said on social media ...

Average long-term US mortgage rate at highest level in nearly 3 years

Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage climbed to 7.40% from 7.28% last week, mortgage buyer Freddie Mac said Thursday. One year ago, ...

Wall Street retreats from its record as stocks fall worldwide

NEW YORK (AP) — U.S. stocks pulled back from their record on Wednesday. The S&P 500 slipped 0.2%, a day after topping its prior all-time high set in August. The Dow Jones Industrial Average dropped 341 points, or 0.7%, while the Nasdaq composite fell 0.2% from its own record. Stocks ...

ABC, FCC battle in federal court over issues of free speech and jurisdiction

WASHINGTON (AP) — A lawyer for ABC on Tuesday asked a federal judge to prevent the Trump administration from conducting an unusual, early review of its broadcast licenses, likening it to a looming execution by guillotine that was already chilling the network's editorial decisions just weeks ...