NEW YORK (AP) - The U.S. stock market fell from its records and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market. The S&P 500 fell 1.2% Friday from its all-time high. The Dow Jones Industrial Average dropped 1.1%, and the Nasdaq composite sank 1.5% from its own record.

TOKYO (AP) – Honda racked up a 423.9 billion yen ($2.7 billion) loss Thursday, the first-ever full year loss for the Japanese automaker, acknowledging heavy costs for its electric-vehicle plans, stemming from President Donald Trump’s pro-U.S. policies.

BEIJING (AP) – As President Donald Trump wraps up his whirlwind visit to China on Friday, he’s insistent that relations between the world’s two biggest powers are good and getting better despite deep differences on Iran, Taiwan and more.

DHARAMSHALA, India (AP) – Tilak Varma’s blistering unbeaten half century helped give Jasprit Bumrah a winning debut as captain of Mumbai Indians on Thursday, and handed Punjab Kings a fifth consecutive loss in the Indian Premier League.

MIAMI (AP) – The Justice Department is preparing to seek an indictment against former Cuban President Raúl Castro, three people familiar with the matter told The Associated Press on Friday, as President Donald Trump threatens possible military action against the communist-run island.

NEW YORK (AP) – Shoppers tempered their spending in April as higher gas prices fueled by the Iran war meant less money left over for some nonessentials like clothing and furniture. But they’re still buying, thanks to more generous government tax refunds.

Excerpts from recent editorials in the United States and abroad:

BEIJING (AP) – U.S. President Donald Trump arrived in Beijing on Wednesday for his hotly anticipated talks with Chinese President Xi Jinping on the Iran war, trade and U.S. arms sales to Taiwan. The meat of the summit doesn’t start until Thursday, when the leaders hold bilateral talks.