NEW YORK (AP) - Oil prices plunged below $95 per barrel, and stock markets surged worldwide after President Donald Trump pulled back from his threat of devastating attacks against Iran. The S&P 500 leaped 2.5%. The Dow Jones Industrial Average soared 1,325 points, and the Nasdaq composite rallied 2.8%.
Stocks drifted mostly lower on Wall Street and oil prices slipped ahead of planned U.S.-Iran talks following a shaky ceasefire agreement. The S&P 500 fell 0.1% Friday. The Dow Jones Industrial Average lost 0.6%, and the Nasdaq composite rose 0.4%. Trading remained choppy ahead of high-level talks between negotiators from Iran and the U.S.
NEW YORK (AP) – Oil prices plunged below $100 a barrel and Asia markets and U.S. stock futures jumped after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.
Donald Trump is accustomed to criticism from coast to coast – Democrats, disaffected Republicans, late-night comedians, massive protests. Yet in his second presidency, Trump’s most influential American critic doesn’t live in the country but at the Vatican.
NEW YORK (AP) – Samsung is saying goodbye its namesake texting app. According to an end of service announcement published on the tech giant’s U.S. support website, Samsung Messages will be discontinued in July.
U.S. President Donald Trump appeared to cast doubt on the effectiveness of the two-week ceasefire over Iran’s continued chokehold on the Strait of Hormuz, while Kuwait accused Iran and its proxies of launching drone attacks despite the ceasefire.
SEOUL, South Korea (AP) – South Korea’s spy agency says it’s now fair to view the teenage daughter of North Korean leader Kim Jong Un as his heir, its strongest assessment yet on the rising political status of the girl who it believes could extend her family’s rule into a fourth generation.
Excerpts from recent editorials in the United States and abroad:
NEW YORK (AP) – Hunched over a sewing machine, Kil Bae is hemming a dress inside his Manhattan tailor shop when a new customer stops by with a vintage Tommy Hilfiger jacket he wants taken in.