CHICAGO (AP) — Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the six-month war with Iran disrupts the world’s flow of fuel. Because diesel is used for many freight and delivery networks, higher diesel prices mean higher ...
U.S. stocks fell and Treasury yields rose Friday after the government reported that employers unexpectedly added 162,000 jobs last month, a development that could increase chances that the U.S. central bank will raise interest rates later this month. The S&P 500 fell 0.4%, though it managed to eke out a modest gain for the week. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite gave back 0.3%. Wall Street expects the Federal Reserve to raise interest rates before the year ends in an effort to cool inflation, which has been running hot due to rising oil prices ...
WASHINGTON (AP) — The U.S. labor market bounced back in August as employers added a surprising 162,000 jobs, ending a summer of lackluster hiring with a bang. The unemployment rate remained at a low 4.1%. Hiring far exceeded the 65,000 jobs that forecasters had expected, according to ...
Turkish bank faces sanctions WASHINGTON (AP) — The Trump administration has imposed sanctions on a Turkish financial institution as part of its latest effort to sever "critical financial lifelines" for the Iranian government. The actions Friday against Golden Global Yatirim Bankasi Anonim Sirketi come after Treasury Secretary Scott Bessent launched "Operation Economic Outcast." It's the new administration effort to isolate already heavily sanctioned Iran from its remaining trading partners to try to get it to capitulate to U.S. demands after more than six months of war. ...
PLYMOUTH, Mass. (AP) — A judge in the Lindsay Clancy murder trial declared a mistrial Friday after jurors failed to reach a verdict in a case that sharply divided many Americans over whether the Massachusetts woman should be criminally responsible for killing her three young ...
ESCANABA — Forty-seven years ago, Upper Peninsula residents took part in a contest that helped give the region one of its most recognizable nicknames: “Yooper.” The contest by The Upper Peninsula Sunday Times — the Sunday edition counterpart to daily newspapers in the region — asked ...
