NEW YORK (AP) — Stocks sank on Wall Street Thursday after the price of oil spiked to its highest level since the summer of 2024 because of the war with Iran.

NEW YORK (AP) — The average price for a gallon of gasoline jumped 11 cents overnight in the U.S., and some drivers in Europe waited in line to fill their tanks with fuel, as war engulfed the Middle East and shipments of oil and gas were stranded in the Persian Gulf.

LONDON (AP) — Damage to three Amazon Web Services facilities in the Middle East from Iranian drone strikes highlights the rapid growth of data centers in the region, as well as the industry's vulnerability to conflict.

ATLANTA — Georgia’s main electric power monopoly filed requests with state regulators Tuesday to set new billing rates for customers that will recover the cost of storm-related repairs and adjust for changes in fuel prices.

TOKYO (AP) — Japan's exports surged nearly 17% in January from a year earlier, lifted by seasonal factors and strong demand in China and other Asian markets.

NEW DELHI (AP) — A coalition of major trade unions and farmers’ groups in India mounted a nationwide strike Thursday to protest an interim trade deal with the United States, saying the agreement undermines the interests of farmers, small businesses, and workers.

HONG KONG (AP) — China moved on Thursday to curb a fierce price war among automakers that has caused massive losses for the industry, after passenger car sales dropped nearly 20% in January from the year before, the fastest pace in almost two years.

Coca-Cola saw stronger U.S. demand in the fourth quarter despite higher prices. Global unit case volumes grew 1% for the October-December period, led by the U.S., Japan, and Brazil, the Atlanta beverage giant said Tuesday.

The Washington Post laid off one-third of its staff on Wednesday, eliminating its sports section, several foreign bureaus, and its books coverage in a widespread purge.

WASHINGTON (AP) — President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a decision likely to result in sharp changes to the powerful agency that could bring it closer to the White House.

Amazon is slashing about 16,000 corporate jobs in the second round of mass layoffs for the e-commerce company in three months. The tech giant has said it plans to use generative artificial intelligence to replace corporate workers. It has also been reducing a workforce that swelled during the pandemic.

WASHINGTON (AP) — President Donald Trump said Monday he is increasing tariffs on South Korean goods because the country’s legislature has yet to approve the trade framework announced last year.

NEW DELHI (AP) — After nearly two decades of negotiations, India and the European Union announced Tuesday they have reached a free trade agreement to deepen economic and strategic ties. The accord, which the EU chief described as the “mother of all deals," could affect as many as 2 billion people.

WASHINGTON (AP) — Powered by strong consumer spending, the U.S. economy grew at the fastest pace in two years from July through September, the government said Thursday in a slight upgrade of its first estimate.

BANGKOK (AP) — Elon Musk’s AI chatbot Grok won’t be able to edit photos to portray real people in revealing clothing in places where that is illegal, according to a statement posted on X.

HONG KONG (AP) — China’s trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports to other countries made up for slowing shipments to the U.S. under higher tariffs.

The U.S. housing market slump dragged into its fourth year in 2025 as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers out of the market.

More artificial intelligence is being implanted into Gmail as Google tries to turn the world's most popular email service into a personal assistant that can improve writing, summarize far-flung information buried in inboxes, and deliver daily to-do lists.

TOKYO (AP) — A massive 535-pound bluefin tuna sold for a record $3.2 million at the first auction of 2026 at Tokyo's Toyosu fish market.

WASHINGTON (AP) — The U.S. economy grew at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, driven by consumers who continue to spend in the face of ongoing inflation.

OMAHA, Neb. (AP) — The proposed $85 billion merger of Union Pacific and Norfolk Southern railroads has lost the support of two of their biggest unions that represent more than half the workers because they are worried the deal would increase safety risks, lead to higher shipping rates and consumer prices, and cause significant disruptions.

NEW YORK (AP) — UPS stole tens of millions of dollars in pay from seasonal workers who help the shipping giant deliver packages during the busy holiday season, forcing some to clock in well after their shifts started and deducting pay for lunch breaks they never took, New York Attorney General Letitia James alleged in a lawsuit Monday.

WASHINGTON (AP) — The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday.

NEW YORK (AP) — Paramount on Monday launched a hostile takeover bid for Warner Bros. Discovery, initiating a potentially bruising battle with Netflix for the company behind HBO, CNN, and DC Studios, and the right to reshape much of the nation's entertainment landscape.

WASHINGTON (AP) — The U.S. trade deficit fell by nearly 24% in August as President Donald Trump's sweeping global tariffs pushed imports lower.