Business & Economy
Oil spill from grounded tanker off Oman expands sharply, satellite images show
An oil spill caused by leakage from a U.K.-sanctioned tanker grounded for weeks off Oman appears to be expanding dramatically, reaching shorelines and far out to sea, according to experts and satellite images reviewed by The Associated Press.
Strait talk: U.S. and regional partners see progress toward reopening Hormuz chokepoint
U.S. and Middle East officials said Tuesday they were zeroing in on a deal with Iran to reopen the Strait of Hormuz, a potential return to normalcy that cheered oil investors and sparked records on Wall Street.
Divided federal appeals court says Trump administration was wrong to terminate climate funds
A divided federal appeals court on Tuesday said the Trump administration improperly terminated billions of dollars in funds to boost clean energy projects, handing a win to a coalition of nonprofits picked to run the Biden-era effort.
Big oil companies post banner profits as fighting in Iran drives prices higher
Big oil companies are booking massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher.
U.S. stocks head toward a record as profits keep piling up and oil prices ease
The U.S. stock market is rising toward a record on Tuesday as companies keep piling up profits and oil prices ease.
U.S. job openings slip to 7.4 million, but labor market remains resilient amid fighting in Iran
U.S. job openings fell slightly in June, but the labor market continued to show resilience in the face of an economic shock from fighting in Iran and the closure of the Strait of Hormuz.
Walgreens closes more stores in 2026, but scope of pullback remains unclear
Walgreens is continuing to close stores in 2026 under new private ownership, though the extent of its updated closure plans for this year is not fully clear.
Musk likely to face tough questions during SpaceX’s first earnings call as a public company
Investors in Elon Musk's space company get a chance to question him Tuesday after SpaceX issues its first quarterly earnings since going public.
McDonald’s posts strong second quarter profit, names new leader for U.S. market
McDonald's posted a strong profit in its second quarter and named a new head of the U.S. market with sales at home under pressure as many Americans grow more cautious about spending.
Cargo ship reports being struck in Strait of Hormuz as U.S., Iran claims about talks diverge
A British maritime monitoring agency said a cargo ship reported being hit by a projectile overnight off the coast of Oman in the Strait of Hormuz, while the United States and Iran made opposing claims about whether they were holding talks.
Japan’s Toyota reports hefty profit on cheap yen and solid car sales
Toyota reported Tuesday a nearly doubling of profit for the fiscal first quarter as solid demand in the U.S. and India combined with a favorable exchange rate to boost results.
Contractors building border wall ordered to stop drilling wells in drought-stricken New Mexico
The Trump administration has ordered construction crews on a border wall to stop drilling wells in drought-stricken New Mexico after ranchers said pumping groundwater needed to make concrete could threaten their livestock.
Cubans sleep on seaside boardwalk to seek relief from crippling blackouts and summer heat
Alexey Rios Garcia awoke not to his bed in Cuba's capital on Monday, but to an ocean breeze and the concrete of Havana's famous seaside boulevard.
As Blanche’s path to confirmation is cleared, Trump’s tax audit immunity remains in place
In negotiations with Republican senators whose support he needs to be confirmed as attorney general, Todd Blanche formally rescinded a $1.8 billion fund meant to compensate President Donald Trump's political allies.
Trump accounts were closed in 2021 due to concerns over possible money laundering, Capital One says
Bank accounts held by President Trump were closed by Capital One in 2021 after it flagged financial activity that had characteristics of money laundering, the bank disclosed in a court filing over the weekend.
FAA certifies Boeing’s new 737 Max 7 jetliner for flight after years of delays
The Federal Aviation Administration on Monday approved the smallest model of Boeing's Max jetliners for commercial service nearly a decade after the aircraft manufacturer first unveiled the plane.