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Ticker: Wall Street falls to worst drop since Iran war

U.S. stocks had their worst day since the war with Iran started, as doubt took over again from hope on Wall Street about a possible end to the conflict. The S&P 500 fell 1.7% Thursday. The index is back on track for a fifth straight losing week, which would be the longest such losing streak in nearly four years. The Dow Jones Industrial Average dropped 1%, and the Nasdaq composite sank 2.4%. Oil prices rose more than 4%, and Treasury yields climbed in the bond market. Mortgages could be backed by crypto Prospective homebuyers who have invested in certain cryptocurrencies will be able ...

Poll compares views on gender, pay

Most working women in the U.S. believe they are disadvantaged when it comes to earning competitive wages, but many men hold a different view, according to a new AP-NORC poll. Equal pay emerged as a major source of concern for working women in the poll and an area where men and women are far apart in their perception of gender equity. Most women who are employed full-time — about 6 in 10 — say men have more opportunities when it comes to earning competitive wages, according to the survey from The Associated Press-NORC Center for Public Affairs Research, while about one-third think ...

Briefcase: FNB expands public finance capabilities

PITTSBURGH F.N.B. Corporation has expanded its public finance offerings with municipal bond underwriting. Building on the robust suite of products and solutions provided under the Bank’s Capital Markets umbrella, the latest addition further solidifies FNB’s standing as an elite commercial bank with expansive capabilities. Additionally, municipal bond underwriting and tax-exempt financing enhance FNB’s ability to serve its municipal clients and prospects with the capital necessary to fulfill their financing needs. FNB’s team will guide clients through the securities issuance ...

Jury finds Instagram, YouTube liable in Calif. social media trial

LOS ANGELES — Meta and YouTube must pay millions in damages to a 20-year-old woman after a jury decided the social media giant and video streamer designed their platforms to hook young users without concern for their well being. The California jury’s decision Wednesday in a first-of-its-kind lawsuit could influence the outcome of thousands of similar lawsuits accusing social media companies of deliberately causing harm. The plaintiff, known by her initials KGM, testified at trial that she became addicted to social media as a child and that this addiction exacerbated her mental ...

Stocks rise, oil eases as Wall Street keeps yo-yoing due to war

NEW YORK — Hopes for a possible end to the war with Iran pushed stocks higher on Wall Street Wednesday, while oil prices eased. The S&P 500 rose 0.5% in its latest flip - flop after the United States delivered a plan to pause the war to Iran. The Dow Jones Industrial Average added 305 points, or 0.7%, and the Nasdaq composite gained 0.8%. But the moves were shaky, and the S&P 500 briefly came close to erasing all of its jump, which maxed out at 1.2% during the morning. Financial markets have swung sharply since the war began more than three weeks ago, and many of the reversals have ...

EPA approves sale of higher-ethanol fuel

The Environmental Protection Agency has announced it would allow gas stations to continue selling slightly cheaper E15 this summer in a move that may be good for drivers and corn growers but will likely contribute to air pollution. The higher ethanol blend is usually limited to use in winter months. But the summer waiver for E15 has become commonplace in recent years, and both Republicans and Democrats have called for it to become year-round and permanent to lower prices at the pump. In some states it’s already allowed. But not all experts are convinced the move will substantially ...