Stocks fell on Wall Street as the market came under increasing pressure from rising oil prices. The S&P 500 lost 0.5% Friday. The Dow Jones Industrial Average gave back 1.2%. The Nasdaq composite slipped 0.2% after giving up a modest gain. The price of Brent crude oil, the international standard, rose 3.1% above $116 a barrel, its highest level since June 2022. European markets closed mostly lower. France’s main index fell 0.4%, though yields on French government bonds eased a bit. The yield on the 10-year Treasury rose to 4.99%.

NEW YORK (AP) — American Express profits rose sharply in the third quarter as it transitioned the vast majority of its members to a new, highe…

U.S. stocks climbed following strong profit reports from SpaceX, Capital One Financial and other big companies. The S&P 500 added 0.6% Wednesday and pulled within 0.8% of its all-time high set earlier this month. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite climbed 1.1%. A much better profit report from SpaceX than analysts expected helped lift AI-related stocks, along with Elon Musk's other publicly traded company, Tesla. That made up for losses by Netflix and other stocks hurt by worries about upcoming growth. Treasury yields erased an early dip in the bond market as oil prices continued to swing.

LONDON (AP) — Inflation in the U.K. rose to its highest rate in almost a year as the Iran war continues to ratchet up fuel prices, official fi…

President Donald Trump is trying to convince voters before the Nov. 3 midterm elections that the U.S. economy is rocketing upward. But voters say inflation remains a challenge as the Iran war has pushed up gasoline prices. Grocery bills remain expensive, and high interest rates make it harder to afford a home or a new car. Trump had promised to quash inflation. While inflation hasn't returned to peaks seen during President Joe Biden's term, it has climbed since April 2025. Interest on the 10-year U.S. Treasury note is above 5%. Meanwhile, the gap has widened between gains for the top 0.1% of households and the bottom half of households.

President Donald Trump is hoping $5,000 checks can boost Republican turnout in the midterm elections. Some supporters doubt the payments will arrive. At a recent rally, attendees expressed skepticism about the promise. Trump has used similar tactics before, like offering dividends from tariff revenues, which didn't materialize. Critics argue his economic leadership has been lacking, with inflation and overseas conflicts causing concern. Trump claims the payouts will happen if Republicans maintain control of Congress. However, many voters remain unconvinced, with polls showing a lack of trust in his promises.

NEW YORK (AP) — More than seven months into the U.S. war with Iran, sharply higher fuel prices are making it more expensive to drive and fly a…