Business

Iran war upends Federal Reserve’s next steps

WASHINGTON (AP) — The Iran war has scrambled the Federal Reserve's outlook on inflation and unemployment and will likely further delay interest rate cuts this year, putting off any relief for consumers struggling with high borrowing costs for home and car purchases. The spike in oil and gas ...

Rising jet fuel prices could make summer flights more expensive

Jet fuel prices are rising as the war in the Middle East disrupts global oil supplies, putting cost pressure on airlines as the busy summer travel season approaches. Experts say it's not a question of if airfares will go up, but when, for how long and by how much. The impact may be felt most ...

US stocks lose ground as war with Iran keeps pressure on oil prices

Wall Street's losses deepened Friday as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy. The S&P 500 fell 0.6% after having been up as much as 0.9% in the early going. The benchmark index is now down 3.1% ...

US stocks hold steadier as Wall Street waits for the next signal on war

NEW YORK — The U.S. stock market held steadier Tuesday as Wall Street waited for the next signal on when the war with Iran may end. The S&P 500 dipped 0.2%, a day after its latest wild swings caused by extreme moves in the oil market. The Dow Jones Industrial Average fell 34 points, or ...

Ford recalls 1.74 million cars over rearview display issues

NEW YORK (AP) — Ford has issued two recalls affecting nearly 1.74 million of its cars in the U.S., due to software issues that impact the vehicles' rearview camera displays. According to notices published by the National Highway Traffic Safety Administration this week, an internal component ...