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US stocks sink after oil spikes to its highest price since the summer of 2024
NEW YORK (AP) — The Dow Jones Industrial Average briefly dropped more than 1,000 points after the price of oil spiked to its highest level since the summer of 2024. The Dow lost as many as 1,160 points Thursday before finishing the day with a drop of 784, or 1.6%. The S&P 500, which is the measure of the U.S. stock market that many more 401(k) accounts follow, fell 0.6%, while the Nasdaq composite lost 0.3%. Worries are rising that a long-term spike in oil prices because of the war with Iran could exhaust households’ ability to spend, grind down the global economy and push interest rates...
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The Latest: Trump fires Homeland Security Secretary Noem amid criticism over immigration enforcement
President Donald Trump has fired his embattled Homeland Security Secretary Kristi Noem and says he’ll nominate in her place Oklahoma Republican Sen. Markwayne Mullin.Trump made the announcement on social media on Thursday, two days after Noem faced a grilling on Capitol Hill from GOP members as well as Democrats.
Trump says he’ll make Noem a “Special Envoy for The Shield of the Americas,” a new security initiative that he said would focus on the Western Hemisphere.
Noem is the first Cabinet secretary to leave during Trump’s second term. Noem’s... Read More
House Republican leaders urge Gonzales to end reelection bid after he admitted to affair with aide
WASHINGTON (AP) — House Speaker Mike Johnson and the GOP leadership are calling for Republican Rep. Tony Gonzales of Texas to withdraw from his reelection race after he admitted having an affair with a former staff member who later died by suicide.The Republican leadership announced its decision Thursday, a day after Gonzales acknowledged a relationship that has upturned the political world in his home state and in Washington, and after the House Ethics Committee announced an investigation into his conduct.
“We have encouraged him to address these very serious... Read More
Capitol rioter who was pardoned by Trump gets a life sentence for molesting 2 children in Florida
WASHINGTON (AP) — A Florida handyman who was sentenced on Thursday to life in prison for molesting two children had been convicted of storming the Capitol on Jan. 6, 2021, but was pardoned by President Donald Trump.Andrew Paul Johnson, 45, is among several Jan. 6 defendants who have been charged with new crimes since Trump's sweeping act of clemency for Capitol rioters. On his first day back in the White House last year, Trump pardoned, commuted prison sentences or ordered the dismissal of cases for all 1,500-plus people charged in the attack.
Johnson was convicted... Read More
Berkshire Hathaway resumes buybacks and CEO supports Kraft's decision to pause its split
OMAHA, Neb. (AP) — Berkshire Hathaway is buying back shares for the first time in nearly two years, and new CEO Greg Abel said he has no immediate plans to sell off Kraft Heinz shares now that the packaged food giant has shelved its plan to split the company into two.Abel appeared on CNBC Thursday — less than a week after releasing his first letter to shareholders after taking over the top job at Berkshire from legendary investor Warren Buffett in January. Berkshire also took the unusual step of filing a formal notice with the Securities and Exchange Commission that it had... Read More
Top Stories
- US stocks sink after oil spikes to its highest price since the summer of 2024
- Videos from officers show terrifying moments during Texas mass shooting that left 3 dead
- Trump fires Homeland Security Secretary Noem after mounting criticism over her leadership
- House will vote on an Iran war powers resolution in a test of Trump's strategy
- House Republican leaders urge Gonzales to end reelection bid after he admitted to affair with aide
- Trump says he wants to be involved in picking Iran's next leader as war ripples across the region
- More than 20 states sue over new global tariffs Trump imposed after his stinging Supreme Court loss
- Suspect in custody in Colorado in the case of 3 women found dead in Utah
- They have a nose for finding people. Bloodhounds and their low-tech sniffers help police track
- Crews in Cuba rush to repair a damaged power plant to ease a blackout
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Sports
- Team Venezuela expects the WBC to be a celebration, even on US soil
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- Celtics' Jayson Tatum listed as 'questionable,' on verge of return 9 months after Achilles surgery