Business

US stocks fall from their records as oil prices yo-yo

NEW YORK — U.S. stocks fell from their records Thursday after oil prices yo-yoed as Wall Street waits to see whether its hopes for a deal to end the Iran war are warranted or just wishful. The price for a barrel of Brent crude oil settled at $100.06, down 1.2%, and continued its decline ...

FEMA tells court it is offering jobs back to employees who were let go in January

An attorney representing the Trump administration informed a U.S. District Court Friday evening that the Federal Emergency Management Agency has begun offering new appointments to disaster workers whose contracts the agency did not renew in January, reversing a controversial decision that ...

Spirit Airlines shuts down as company says it can’t keep up with higher oil prices

WEST PALM BEACH, Fla. — Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced Saturday that it has gone out of business after 34 years. The ultralow cost airline that once operated hundreds of daily flights on its bright yellow ...

Senate bans its own members and staff from betting in prediction markets

WASHINGTON — The Senate has approved a bipartisan resolution to prevent its own members from using prediction markets, banning senators who are often privy to sensitive information from making bets on upcoming events. The measure that passed unanimously by voice vote Thursday was written as ...

Oil prices keep spurting higher, but US stocks hold near their records

NEW YORK — More jumps for oil prices sent tremors through the U.S. bond market on Wednesday, along with hints that some Federal Reserve officials don't want to cut interest rates any time soon. But fat profit reports from Starbucks and other big companies helped the U.S. stock market remain ...