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US stocks hang near their record as Wall Street takes a breath following two big days

NEW YORK — U.S. stocks hung near their all-time high on Wednesday as financial markets caught a breath following two big days bolstered by hopes that the Israel-Iran war will not disrupt the global flow of crude oil. The S&P 500 barely budged after drifting through a quiet day of trading and is sitting just 0.8 percent below its all-time high, which was set in February. The Dow Jones Industrial Average dipped 106 points, or 0.2 percent, and the Nasdaq composite rose 0.3 percent. In the oil market, which has been the center of much of this week’s action, crude prices stabilized ...

US stocks approach their all-time high as oil prices tumble

NEW YORK — U.S. stocks rose toward their all-time high on Tuesday after oil prices eased further on hopes that Israel’s war with Iran will not damage the global flow of crude. The S&P 500 climbed 1.1 percent, following up on big gains for stocks across Europe and Asia, after President Donald Trump said late Monday that Israel and Iran had agreed to a “complete and total ceasefire.” The main measure of Wall Street’s health is back within 0.8 percent of its record set in February after falling roughly 20 percent below during the spring. The Dow Jones Industrial Average jumped ...

Apple unveils software redesign while reeling from AI missteps, tech upheaval and Trump’s trade war

the associated press CUPERTINO, Calif. — After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during an annual developers conference that focused mostly on incremental advances and cosmetic changes in its technology. The presummer rite, which attracted thousands of developers from nearly 60 countries to Apple’s Silicon Valley headquarters, was more subdued than the feverish anticipation that surrounded the event during the previous two years. Apple highlighted plans for more AI ...

Stop making cents: US Mint moves forward with plans to kill the penny

WASHINGTON — The Trump administration says making cents doesn’t make sense anymore. The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday. This move comes as the cost of making ...

Trump keeps 10% tariffs on UK but cuts taxes on British autos, steel and aluminum with trade deal

WASHINGTON — President Donald Trump agreed Thursday to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal but played down the possibility of other nations getting similarly favorable terms on his import taxes, which are roiling the global economy. Under the framework agreement, the United Kingdom is to buy more American beef and ethanol and streamline its customs process for goods from the United States. But Trump’s baseline 10 percent tariffs against British goods are to stay in place, and the Republican president suggested that even higher import taxes would be ...