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Stocks leap, oil drops after Iran deal

Local Business

NEW YORK — Stock markets rallied worldwide Monday, and oil prices eased after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again. The S&P 500 rose 1.7% on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The Dow Jones Industrial Average climbed 468 points, or 0.9%, to a record, and the Nasdaq composite jumped 3.1%. Stocks got a lift after the price for a barrel of Brent crude oil ...

Fox to buy stream pioneer Roku in a $22 billion deal

Local Business

Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing. Media reports had surfaced on Friday that Roku was looking at its strategic options, including a possible sale. Speculation was rampant as to which companies might be ...

Briefcase

Local Business

Finelli’s wins award Finelli’s Italian Villa of Altoona has been named a winner of the 2026 DiRoNA Award. The DiRoNA Award (Distinguished Restaurants of North America) is a prestigious honor presented to exceptional fine dining establishments across the United States, Canada, Mexico, and the Caribbean. Established in 1990, it celebrates restaurants that consistently deliver excellence across the entire dining experience “I feel about 15 feet tall. We are excited to get an award like that. Not very many restaurants get it,” said owner Frank Finelli. “Finelli’s Italian ...

Some skydivers were experienced

National News

Several of the skydivers killed when their plane crashed moments after taking off from a Missouri airfield were experienced jumpers, including a leader at one of the sport’s biggest organizations. Federal investigators were at the crash site, about an hour south of Kansas City, on Monday, a day after the plane carrying a pilot and 11 skydivers slammed into a field and burst into flames, killing all on board, authorities said. Some family members of those who died were at the airport to watch the jump and witnessed the crash, said Bates County Sheriff Chad Anderson. Authorities ...

Newsom: Justice Department investigating him, his wife

National News

SACRAMENTO, Calif — Democratic California Gov. Gavin Newsom on Monday accused the Justice Department of launching a politically motivated investigation into him and his wife, saying the Trump administration was targeting him as he weighs a presidential bid. Newsom, a longtime political rival of the Republican president, said in a video posted on X that federal agents have knocked on the doors of his friends and former employees, and have asked for records. Newsom didn’t provide specifics on the nature of the probe, but his office said the inquiry appears to have recently expanded ...

Questions lingering despite deal to end war

International News

DUBAI, United Arab Emirates — An initial agreement between the United States and Iran to extend their shaky ceasefire inched toward a formal signing despite questions Monday over the fate of Tehran’s nuclear program and an offensive by Israel in Lebanon that could prolong the fighting and scuttle the deal. The agreement signed electronically Sunday is meant to provide a meaningful truce in a monthslong war that has killed thousands across the Middle East, including the top leaders of Iran’s theocracy, and raised the prices of fuel, food and other basic goods far beyond the ...