Business & Economy
U.S. stocks jump to best day in 2 months on hopes for a deal to get crude flowing globally again
U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again.
Opening of Canada-US bridge that Trump threatened to block is delayed over unresolved ‘issues’
The opening of a Canadian-U.S. bridge across the Detroit River, which President Donald Trump had previously threatened to block, was delayed on Thursday due to unresolved issues.
NTSB says fiery 2024 North Dakota derailment proves the need to replace flawed tank cars
A fiery North Dakota derailment that happened two years ago demonstrated yet again why the National Transportation Safety Board has been urging the rail industry for decades to replace flawed tank cars that tend to rupture in a crash.
Swamp makeover: Florida announces plans for a $1.45B renovation to Ben Hill Griffin Stadium
The University of Florida is planning the most expensive - and potentially most comprehensive - stadium renovation in college football history, a $1.45 billion overhaul of Ben Hill Griffin Stadium that school officials believe will nearly double annual revenue from their "$75 million ATM machine."
Papa Johns closes dozens of locations across 17 states amid industry shakeout
Papa Johns is executing a sweeping contraction of its North American footprint, with financial filings showing 44 store closures in the first quarter of 2026 alone, the opening salvo of a broader restructuring that could eliminate roughly 300 locations by the end of next year.
Political blame game follows as screwworm parasite threatens cattle in Texas
U.S. Agriculture Secretary Brooke Rollins watched sterile flies being released to fight the New World screwworm on Thursday and visited the Texas ranch where one of the first cases of the pest was detected. The screwworm could devastate the nation's cattle industry.
Trump restores commercial fishing within marine monuments, rolling back protections
President Trump on Thursday restored commercial fishing in three Pacific Ocean marine national monuments, rolling back previous presidents' environmental protections.
Years after oil pipeline protests, North Dakota and the federal government settle policing lawsuit
The federal government will pay North Dakota nearly $28 million to settle a lawsuit over the costs of policing massive protests against the Dakota Access oil pipeline nearly a decade ago, the state's attorney general announced Thursday.
Iran’s Kharg Island is key to its oil exports. Targeting it carries major risks
Iran's Kharg Island, home to a terminal through which the country exports most of its oil, has emerged as a focus of the war launched in late February by the United States and Israel.
Melania Trump unveils a spinoff of Trump Accounts for children in foster care
First lady Melania Trump and Treasury Secretary Scott Bessent on Thursday announced the launch of Fostering the Future Accounts, a spinoff of the Trump Accounts investment funds meant to give $1,000 to every newborn whose parent opens one.
Foreign workers say they were paid less than $2 an hour to build a new U.S. Consulate in Milan
Foreign workers building a sprawling $350 million American Consulate in Milan were paid less than $2 an hour after being promised fair wages, according to Associated Press interviews with five former employees and a review of their employment letters and pay stubs.
El Nino is here and scientists fear it’ll be big, bad and costly with heat, floods, droughts, fires
El Nino, Nature's chaotic climate agent, has formed in a warmed-up Pacific Ocean and is expected to grow to historic strength, meteorologists announced Thursday.
Average U.S. long-term mortgage rate rises to 6.52%, just below its high for the year
The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started.
U.S. producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war.
Brazil reports drop in Amazon deforestation rates, pushing back on U.S. tariff accusations
Brazilian officials on Thursday announced a sharp drop in deforestation rates, pushing back on one of the arguments that the Trump administration used last week to justify additional tariffs on the South American country.
Senate bill extends CHIPS Act tax credits to space-based semiconductor factories
A bipartisan duo is pushing a bill to clarify that tax credits include space-based semiconductor manufacturing.
AMC Theaters postpones live concert series as movies enjoy a successful summer start
AMC Theaters will postpone its live concert series due to a stronger-than-expected summer box office, news outlets report.
Gwyneth Paltrow draws online backlash over Israeli luxury real estate commercial
Gwyneth Paltrow is facing a wave of online criticism after appearing in a television commercial for 51 Park, a luxury residential development in Herzliya, Israel. Many social media users have accused her of complicity in genocide, with hostile comments flooding her recent Instagram posts, though she did not post the commercial herself.
Walmart aims to expand drone delivery service in 2027
Walmart is expanding its drone delivery service to seven cities in its effort to reach more than 40 million U.S. customers by 2027, news outlets report.