Oil prices rose, and stock markets dropped in shaky trading worldwide after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell 0.3% Wednesday after sinking as much as 1.1% earlier in the day.

The Dow Jones Industrial Average dropped 1.1% after Trump said the agreement to pause fighting with Iran was over. The Nasdaq composite erased an early slump and rose 0.2% after Trump said in the afternoon that the most recent fighting did not mean a return to full-scale war. Brent crude oil’s price climbed 5% above $78 per barrel.

John Deere owners can now repair their machines

John Deere owners should soon feel free to fix their own machines. The Federal Trade Commission and several state attorneys general have secured a “right to repair” settlement with farming equipment company Deere & Co., known as John Deere.

The company faced complaints for withholding repair software and forcing customers to use authorized dealers. It’s Deere’s second right to repair settlement this year, following a $99 million class-action settlement in April. Deere must now provide diagnostic and repair tools to equipment owners and independent shops, and can’t retaliate against them for using alternatives. The company has denied wrongdoing but says it supports more flexible repair options.

IMF expects economy to grow lowly 3% this year

The International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war. But the fallout from the conflict is being partially offset by booming investment in artificial intelligence and other technologies.

The IMF now expects the global economy to expand by a sluggish 3% in 2026, down from 3.5% last year and from the 3.1% it had forecast for this year back in April. The war pushed up energy prices, squeezing businesses and consumers. The IMF now expects oil prices to be up nearly 32% this year and for overall global inflation to accelerate to 4.7% in 2026.

Police detain two teens after joy ride in a Waymo

Police have detained two 15-year-olds who they say were drinking and shooting water beads while riding a self-driving Waymo around town. San Mateo police say they detained the teens on Monday after the company alerted authorities and then remotely forced the vehicle into a parking lot.

Photos show the teens hanging out of the Waymo’s windows. Police found they were drinking and shooting Orbeez, which are water-absorbent beads. Waymo did not respond to emailed questions about how the company was alerted to the teens’ behavior and if the teens were informed the car was being pulled over.

Polymarket is in a race to win back trust

After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public. The prediction market platform is trying to convince regulators and customers that its U.S. operation is more disciplined than its offshore counterpart.

Polymarket has hired compliance and regulatory specialists from firms like Robinhood and Coinbase to support this effort. The company left the U.S. when it settled allegations of operating an unregistered derivatives market with federal regulators in 2022. Despite challenges, including deceptive marketing claims, Polymarket aims to establish trust and legitimacy in the U.S. market.