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NEW YORK (AP) - Oil prices rose as the war with Iran threatens to drag on, but U.S. stocks nevertheless inched to more records. The S&P 500 added 0.2% to its record set Friday. The Dow rose 0.2%, and the Nasdaq composite gained 0.1% to its own record. The price for a barrel of Brent crude oil climbed 2.9% to top $104.
LONDON (AP) – British Prime Minister Keir Starmer pledged Monday to prove the “doubters” in his own party and among the electorate as a whole wrong as he tries to fight off demands to step down after devastating local election results for his Labour Party.
WASHINGTON (AP) – President Donald Trump, in his return to the White House, has demonstrated greater ambivalence toward Taiwan, an approach that’s raising questions ahead of this week’s summit with Chinese President Xi Jinping about whether the U.S. leader could be open to dialing back support for the island democracy that Beijing views as its breakaway province.
Sales of previously occupied U.S. homes were essentially flat in April, another lackluster showing for the housing market during what’s traditionally its busiest time of the year.
Google said Monday that it had disrupted a criminal group’s attempt to use artificial intelligence to exploit another company’s previously unknown digital vulnerability, adding to heightened worries across government and private industry about AI’s risks for cybersecurity.
BANGKOK (AP) – Asia’s first defenses against energy shocks from the Iran war are running short and a more consequential second wave of impacts is beginning to hit. When the war started, governments scrambled to adapt to the closure of the Strait of Hormuz, a critical artery for energy flowing to Asia.
WASHINGTON (AP) – President Donald Trump, in his return to the White House, has demonstrated greater ambivalence toward Taiwan, an approach that’s raising questions ahead of this week’s summit with Chinese President Xi Jinping about whether the U.S. leader could be open to dialing back support for the island democracy that Beijing views as its breakaway province.
BANGKOK (AP) – Asia’s first defenses against energy shocks from the Iran war are running short and a more consequential second wave of impacts is beginning to hit. When the war started, governments scrambled to adapt to the closure of the Strait of Hormuz, a critical artery for energy flowing to Asia.
Iran and the United States reached an impasse again Monday over how to end their war while their ceasefire grew increasingly shaky, with the two sides exchanging fire in recent days, ships and Gulf states being targeted, and fighting flaring between Israel and the Lebanese militant group Hezbollah.
LONDON (AP) – British Prime Minister Keir Starmer is fighting for his job after devastating local election results for his Labour Party spurred dozens of lawmakers to call for his resignation. Starmer plans to use a speech on Monday to argue that he can change tack and revive his government’s fortunes. But his position is fragile as rivals weigh their options.
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