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G7 nations will release 100M barrels of oil, diesel fuel after prices soar

WASHINGTON (AP) — The Group of Seven wealthy democracies said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with “substantial” amounts of diesel after the fuel recently hit record high prices in the United States. President ...

Jobs report eases US inflation worries

NEW YORK (AP) — U.S. stocks climbed near their all-time high on Friday after the latest update on the U.S. job market cooled worries that a potentially hot U.S economy could make inflation much worse. The S&P 500 rose 0.7% and pulled within 1% of its record set in August. The Dow Jones ...

Mortgage rate up to highest level in nearly three years

NEW YORK (AP) — The average long-term U.S. mortgage rate jumped this week to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage rose to 7.28% from 7.03% last week, mortgage buyer Freddie Mac said Thursday, the biggest leap in four years. A year ago, the ...

AI companies will ‘self-police,’ Trump says

WASHINGTON (AP) — President Donald Trump on Tuesday said that he and a large group of leaders of artificial intelligence companies had signed a voluntary accord that will include internal and external reviews during a meeting at the White House aimed at addressing Americans' fears about ...