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US stocks fall as oil prices yo-yo

NEW YORK — U.S. stocks fell from their records Thursday after oil prices yo-yoed as Wall Street waits to see whether its hopes for a deal to end the Iran war are warranted or just wishful. The price for a barrel of Brent crude oil settled at $100.06, down 1.2%, and continued its decline from more than $115 early this week. But it swung sharply before getting there, as Iran said it was reviewing the latest U.S. proposals on ending their war. The hope is that an end to the war will reopen the Strait of Hormuz and allow oil tankers trapped in the Persian Gulf to deliver crude again to ...

Workplace

New hires and promotions Sherry Socie has been hired by the Southern Alleghenies Planning and Development Commission as its new Director of Business Development, effective May 4. Socie brings more than 25 years of experience in business administration and financial management across ...

Federal court strikes down new global tariffs

A federal court ruled Thursday against the new global tariffs that President Donald Trump imposed after a stinging loss at the Supreme Court. A split three-judge panel of the Court of International Trade in New York found the 10% global tariffs were illegal after small businesses sued. The court ruled 2-1 that Trump overstepped the tariff power that Congress had allowed the president under the law. The tariffs are “invalid” and “unauthorized by law,” the majority wrote. The third judge on the panel found the law allows the president more leeway on tariffs. If the ...

Stock market hits record after oil prices ease up, profits increase

NEW YORK — The U.S. stock market rose to records Tuesday after oil prices eased and companies kept reporting bigger profits for the start of the year than analysts expected. The S&P 500 climbed 0.8% to top its prior all-time high set at the end of last week. The Dow Jones Industrial Average added 356 points, or 0.7%, and the Nasdaq composite set its own record after rallying 1%. Stocks got a boost after oil prices gave back much of their big jumps from Monday. The price for a barrel of Brent crude, the international standard, fell 4% to $109.87 after briefly cresting $115 on ...

Scholar Hotels announce investment platform

STATE COLLEGE Scholar Hotels and its affiliate, Scholar Hospitality Holdings I LLC, announced the upcoming launch of a real estate investment platform designed to expand access to private market opportunities — featuring a planned minimum investment of $5,000 and a structure intended to include investors beyond the traditionally limited accredited investor base. The initiative comes amid a broader shift in private markets, where regulatory frameworks such as Regulation A have enabled greater participation from retail investors. Historically, direct investment in ...