Category Archives: World/National

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

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

NEW YORK (AP) — U.S. stocks hung near their all-time high 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 on Wednesday and is sitting just 0.8% below its all-time high. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite rose 0.3%. Oil prices stabilized after plunging by roughly $10 per barrel in the prior two days. Stock indexes fell modestly in Europe after rising in Asia, and Treasury yields held relatively steady in the bond market.… Continue Reading

Temperature in New York City reaches 100 degrees as eastern US swelters under extreme heat wave

Temperature in New York City reaches 100 degrees as eastern US swelters under extreme heat wave

NEW YORK (AP) — The temperature in New York City has reached 100 degrees as the eastern U.S. sweltered under an extreme heat wave. According to the National Weather Service, Kennedy International Airport recorded 100 degrees Fahrenheit at midday Tuesday. Large swaths of the country were broiling under a heat dome, worsened by a humid atmosphere that’s circling the East. After nearly 40 US cities broke record high marks Monday, the weather service expected dozens of records Tuesday when the heat dome should hit its peak.… Continue Reading

Trump announces a ceasefire in Iran-Israel war; Iran to halt its fire if Israel stops its strikes

Trump announces a ceasefire in Iran-Israel war; Iran to halt its fire if Israel stops its strikes

DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump says that Israel and Iran have agreed to a “complete and total ceasefire” soon after Iran launched a limited missile attack Monday on a U.S. military base in Qatar, retaliating for the American bombing of its nuclear sites. Iran said that as long as Israel stopped its attacks early Tuesday morning, it would halt theirs. Israel did not immediately acknowledge any ceasefire but there were no Israeli strikes reported after 4 a.m. local time. Heavy Israeli strikes continued in Tehran and other cities until shortly before that time. Israel in other conflicts has stepped up its strikes just before ceasefires took effect.… Continue Reading

Stocks rally and oil tumbles as Wall Street hopes for a limited retaliation after US strikes on Iran

Stocks rally and oil tumbles as Wall Street hopes for a limited retaliation after US strikes on Iran

NEW YORK (AP) — Oil prices are flip-flopping, and the U.S. stock market is drifting higher following the United States’ bunker-busting entry into Israel’s war with Iran. Oil jumped as much as 4% shortly after trading began on Sunday night, but it quickly pared all of the gain by Monday morning. The S&P 500 rose 0.4%, the Dow Jones Industrial Average added 156 points and the Nasdaq composite rose 0.3%. Markets calmed amid hopes that Iran will not retaliate in a way that disrupts the global flow of crude, which would hurt economies worldwide but also its own. Treasury yields eased in the bond market.… Continue Reading

Iran launches missile attacks on US bases in Qatar and Iraq

Iran launches missile attacks on US bases in Qatar and Iraq

DUBAI, United Arab Emirates (AP) — Iran said its missile attack on Al Udeid Air Base in Qatar matched the number of bombs dropped by the United States on its nuclear sites this weekend, signaling Iran’s likely desire to de-escalate. Iran made the announcement Monday night in a statement from its Supreme National Security Council after the attack, which Qatar said caused no injuries. Iran also said it targeted the base because it was outside of populated areas.… Continue Reading

Israel targets Iran’s government and a key Tehran prison as Iran launches more attacks on Israel

Israel targets Iran’s government and a key Tehran prison as Iran launches more attacks on Israel

DUBAI, United Arab Emirates (AP) — Israel says it hit Iranian government targets in Tehran in a series of strikes that followed a salvo of missiles and drones fired by Iran at Israel earlier in the day in the wake of the Trump administration’s massive strikes on Iranian nuclear sites over the weekend. Israel’s Defense Ministry said it hit targets in Tehran, including the notorious Evin Prison and the security headquarters of the paramilitary Revolutionary Guards. The Israeli military also confirmed it hit roads around Iran’s Fordo enrichment facility to obstruct access to the site on Monday. The underground site was one of those hit in Sunday’s attack by the U.S. The Israeli military did not elaborate.… Continue Reading

What to know about the conflict between Israel and Iran, and the US intervention

What to know about the conflict between Israel and Iran, and the US intervention

ATHENS, Greece (AP) — The United States has inserted itself into Israel’s war against Iran, bombing three of the Islamic Republic’s nuclear sites overnight. U.S. President Donald Trump asserted Iran’s key nuclear sites were “completely and fully obliterated,” and warned there would be additional strikes if Iran retaliates. The U.S. attacks came after a week of open conflict between Israel and Iran, sparked by Israel’s sudden barrage of attacks against Iran’s nuclear and military structure. Iran insists its nuclear program is only for peaceful purposes. Israel views Iran’s nuclear program as an existential threat and has said its military campaign is necessary to prevent Iran from building an atomic weapon.… Continue Reading

What to know about the conflict between Israel and Iran, and the US intervention

What to know about the conflict between Israel and Iran, and the US intervention

ATHENS, Greece (AP) — The United States has inserted itself into Israel’s war against Iran, bombing three of the Islamic Republic’s nuclear sites overnight. U.S. President Donald Trump asserted Iran’s key nuclear sites were “completely and fully obliterated,” and warned there would be additional strikes if Iran retaliates. The U.S. attacks came after a week of open conflict between Israel and Iran, sparked by Israel’s sudden barrage of attacks against Iran’s nuclear and military structure. Iran insists its nuclear program is only for peaceful purposes. Israel views Iran’s nuclear program as an existential threat and has said its military campaign is necessary to prevent Iran from building an atomic weapon.… Continue Reading

US steps into war between Israel and Iran, strikes 3 Iranian nuclear sites

US steps into war between Israel and Iran, strikes 3 Iranian nuclear sites

TEL AVIV, Israel (AP) — The U.S. military struck three sites in Iran, inserting itself into Israel’s war aimed at destroying the country’s nuclear program in a risky gambit to weaken a longtime foe amid Tehran’s threat of reprisals that could spark a wider regional conflict. President Donald Trump said Iran’s key nuclear sites were “completely and fully obliterated.” He also warned Tehran against carrying out retaliatory attacks against the U.S., saying Iran has a choice between “peace or tragedy.” Iran’s nuclear agency confirmed that attacks hit its Fordo, Isfahan and Natanz atomic sites, but insisted that its work will not be stopped.… Continue Reading

ICE raids and their uncertainty scare off workers and baffle businesses

ICE raids and their uncertainty scare off workers and baffle businesses

WASHINGTON (AP) — Farmers, cattle ranchers and hotel and restaurant managers breathed a sigh of relief last week when President Donald Trump ordered a pause to immigration raids that were disrupting those industries and scaring foreign-born workers off the job. But the respite didn’t last long. On Wednesday, Assistant Secretary of the Department of Homeland Security Tricia McLaughlin declared that worksite enforcement “remains a cornerstone of our efforts to safeguard public safety, national security and economic stability” and that there will be “no safe spaces for industries who harbor violent criminals” or undermine enforcement efforts. The flipflop has baffled businesses trying to figure out the government’s actual policy.… Continue Reading

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