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Workers plan to halt strike at major US meatpacking plant and resume negotiations
GREELEY, Colo. (AP) — Workers at one of the nation's largest meatpacking plants have agreed to return to work and halt a three-week strike after plant owner JBS USA agreed to resume negotiations, labor union representatives announced Saturday.The strike by thousands of workers at the Swift Beef Co. plant in Greeley, Colorado, began on March 16 in coordination with the United Food and Commercial Workers Local 7 union.
The strike came as U.S. cattle numbers hit a 75-year-old low this year, a decline driven in part by drought and low prices offered to ranchers... Read More
Meloni hails arrest of top crime family suspect after raid at an Italian resort
ROME, Italy (AP) — Italian Prime Minister Giorgia Meloni congratulated the police late Saturday for the arrest of an alleged crime boss and one of Italy's most wanted fugitives.Authorities announced the arrest of Roberto Mazzarella, 48, following a raid Friday on a villa on the Amalfi Coast in southern Italy after allegedly using false documents to rent the luxury coastal property.
Meloni, who is on a tour of Gulf states, described Mazzarella’s arrest as an “an important blow against the Camorra,” referring to the notorious criminal organization that originated... Read More
Trump gives Iran 48 hours to open Strait of Hormuz as search continues for missing US pilot
TEL AVIV, Israel (AP) — The American military searched for a second day for a pilot shot down over a remote area in Iran, while U.S. President Donald Trump on Saturday again threatened Tehran over his Monday deadline to open the Strait of Hormuz: “Time is running out."The U.S. warplane, identified by Iran as a F-15E Strike Eagle, was one of two attacked on Friday. Iran has promised a reward for whoever turns in the “enemy pilot.” Iran's joint military command on Saturday said that it also struck two U.S. Black Hawk helicopters on Friday, but The Associated Press couldn't... Read More
Housing market trends favor home shoppers, but Iran war clouds the outlook for mortgage rates
LOS ANGELES (AP) — The economic fallout from the war with Iran is driving up the cost of buying a home, even as other housing market trends in many parts of the country favor home shoppers this spring.Mortgage rates have been rising since the war began, as surging energy prices heighten worries about higher inflation, pushing up the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to pricing home loans.
As recently as the last week of February, the average rate on a 30-year mortgage dropped to just under 6%, its lowest level in more than three and a... Read More
European ministers call for profit caps on energy companies as Iran war drives price surge
The finance ministers of Spain and four other European countries are urging the European Union to impose a bloc-wide windfall tax on energy companies, concerned that surging oil and gas prices driven by the war in Iran will fuel inflation and strain households.Spanish Economy Minister Carlos Cuerpo said Saturday that his counterparts from Germany, Italy, Portugal and Austria had signed a letter to the European Commission citing “market distortions” caused by the price spike.
“The conflict in the Middle East has caused oil prices to rise, placing a significant... Read More
Top Stories in Business/Finance
- Workers plan to halt strike at major US meatpacking plant and resume negotiations
- Meloni hails arrest of top crime family suspect after raid at an Italian resort
- Trump gives Iran 48 hours to open Strait of Hormuz as search continues for missing US pilot
- Housing market trends favor home shoppers, but Iran war clouds the outlook for mortgage rates
- European ministers call for profit caps on energy companies as Iran war drives price surge
- United Airlines raises bag fees amid rising fuel costs and introduces tiered premium fares
- Lawyers say up to 75 women expected to benefit from Bank of America settlement in Epstein sex abuse
- US employers added a surprisingly strong 178,000 jobs last month, rebounding from a weak February
- Why one Las Vegas newspaper just stopped printing its rival
- Wall Street closed for Good Friday, but US futures inch lower following strong March jobs report
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Stocks
Stocks
More- European ministers call for profit caps on energy companies as Iran war drives price surge
- United Airlines raises bag fees amid rising fuel costs and introduces tiered premium fares
- US employers added a surprisingly strong 178,000 jobs last month, rebounding from a weak February
- Wall Street closed for Good Friday, but US futures inch lower following strong March jobs report
- Amazon to slap a 3.5% surcharge on third-party sellers as Iran war drives up fuel prices
Economy
More- United Airlines raises bag fees amid rising fuel costs and introduces tiered premium fares
- UK gathers more than 40 countries to press Iran to reopen the Strait of Hormuz
- The war in Iran has shaken up financial markets. See the impact of the conflict, in five charts
- Trump's go-to moves to influence the markets are increasingly falling flat as the Iran war drags on
- China factory activity rebounds in March as Iran war looms over growth