Associated Press/Photo by Ahn Young-joon

U.S., Saudi Arabia promise to tap oil reserves, if needed

by Rachel Lynn Aldrich
Posted 9/17/19, 11:18 am

Oil prices eased back down on Tuesday as Saudi Arabia worked to restore one of its major processing plants. Global prices spiked Monday by 15 percent after armed drones targeted key oil facilities in the kingdom over the weekend. The attack halted more than half of the country’s daily exports, but Saudi Arabia and the United States have said they could release oil from their reserves as needed to manage prices. Oil prices had fallen by about 5 percent on Tuesday morning.

Read more

Associated Press/Photo by Richard Drew

Economic fears push down stocks, bonds

by Lynde Langdon
Posted 8/15/19, 11:41 am

The U.S. stock market had its worst day of the year Wednesday, with the Dow Jones Industrial average dropping a whopping 800 points. The yield on Treasury bonds also fell, signaling that investors are buying up bonds because they think stocks will continue to decrease in value.

Read more

Associated Press/Photo by Andy Wong

White House delays China tariffs

by Lynde Langdon
Posted 8/13/19, 12:46 pm

The United States will put off planned tariff hikes on Chinese goods until Dec. 15, easing the potential effect of the increase on holiday shoppers. A 10 percent tax is planned for nearly all Chinese imports, including iPhones, shoes, and toys, after that. Stocks on Wall Street rallied Tuesday morning after the news.

Read more