Business

US stocks rally to records, but Brent oil also tops $100 on worries about the Iran war

NEW YORK — The U.S. stock market rallied to more records Wednesday after GE Vernova, Boston Scientific and other big companies joined the parade reporting fatter profits for the start of the year than analysts expected. But caution still hung over Wall Street, and oil prices rose on ...

Federal judge blocks Nexstar-Tegna TV station merger until antitrust lawsuit is settled

A federal judge has blocked a $6.2 billion merger of local television giants Nexstar Media Group and rival Tegna until an antitrust lawsuit is resolved. U.S. District Court Chief Judge Troy L. Nunley in Sacramento, California, made the ruling late Friday afternoon, finding that eight ...

Record US drought sparks worries about fires, water supply and food prices

Drought in the contiguous United States has reached record levels for this time of year, weather data shows. Meteorologists said it's a bad sign for the upcoming wildfire season, food prices and western water issues. More than 61% of the Lower 48 states is in moderate to exceptional drought ...

Oil prices drop and Wall Street rallies after Iran reopens the Strait of Hormuz

NEW YORK — Oil prices dropped back to where they were in the early days of the Iran war, and U.S. stocks raced to another record Friday after Iran said the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian Gulf to customers worldwide. The S&P 500 ...

Ford recalls 1.4 million F-150 trucks to fix a gearshift issue

Ford is recalling almost 1.4 million of its F-150 pickup trucks in the U.S. because of a gearshift issue that may lead to the loss of control of vehicles and increasing the risk of a crash. The automaker is aware of two injuries and one accident possibly related to the issue. The recall ...