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Business

US stocks drift ahead of the Fed’s announcement on interest rates

NEW YORK — The U.S. stock market is drifting Wednesday as Wall Street waits to hear from the Federal Reserve in the afternoon about where it sees interest rates going. The S&P 500 rose 0.1%, coming off a mixed day where falling tech stocks weighed on the index. The Dow Jones Industrial ...

US tells states to deal with unemployment fraud — or face penalties

The U.S. Department of Labor told states Wednesday to take immediate action to combat fraud, waste and abuse in their unemployment insurance programs — and that they could have administrative funds withheld if they don't comply. The letters, which went to the governors of every state, are ...

Higher prices for gas, groceries and flights will likely outlast the Iran war

NEW YORK — A tentative deal to end the Iran war makes it reasonable to ask how soon prices will drop for gasoline, groceries, airline tickets and other items that got more expensive during the conflict. Not so fast, experts say. Even after oil starts flowing again from the Middle East, it ...

Oil prices fall below $80 per barrel, while US stocks drift

NEW YORK — Oil prices are sinking again Tuesday and pulled back below $80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high. The S&P 500 slipped 0.2% following a rally that's brought it back within 1% of its record set earlier ...

McDonald’s is serving fried apple pie again for America’s 250th birthday

McDonald's is frying up some apple pies to honor America's 250th birthday. The company said Tuesday it's bringing back fried apple pies for the first time in more than three decades. They'll be available at most U.S. restaurants for a limited time starting June 23. McDonald's is one of ...