S&P 500 hits record high as investors shrug off Iran war fears

The S&P 500 surged to a new all-time high on Wednesday, as investors shrug off the hottest inflation in nearly two years and ongoing concerns about the economic impact of the Iran war. The rally marks a sharp reversal from late March, when the Dow Jones Industrial Average fell into correction territory — a drop of at least … Read more

Top GOP defense voice breaks with invasion fears, says US can reopen Hormuz without ground war

Trump issues Iran ultimatum to reopen Strait of Hormuz or face military action President Donald Trump issues a 48-hour ultimatum to Iran, demanding they fully open the Strait of Hormuz or face devastating military strikes against their power plants. This comes after Iran launched long-range missiles capable of reaching Europe, escalating Middle East tensions and … Read more

Some Marines graduate without their parents’ presence amid ICE fears

PARRIS ISLAND, South Carolina — Pvt. Ramirez Garcia considered giving up a lot of times during her recruit training at Marine Corps Depot Parris Island. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “I’m glad I pushed through,” said the newly graduated Marine, who withheld her first name out … Read more

A ‘World Cup’ for immigrant girls uses the joy of sport to counter ICE fears

PORTLAND, Ore. — PORTLAND, Ore. (AP) — “Push!” “Press!” “Good ball!” As the volunteer soccer coach shouted words of motivation, one of his players nudged the ball past the opposing team’s goalie and into the net, prompting the sideline to erupt in cheers. This was the scene Sunday in Portland, Oregon, at a soccer tournament … Read more

Fears Israel could replicate its ‘Gaza model’ in Lebanon as satellite imagery captures widespread destruction

Bridges blown up. Homes destroyed. More than 1 million people displaced. And plans for Israeli control over a vast swath of territory for an indefinite period. Fears over Israel’s vow to model its invasion of southern Lebanon after its yearslong, deadly military offensive in Gaza are being increasingly voiced as satellite imagery shows the intensifying … Read more

Russia is killing Telegram, its most popular messaging app, despite fears of pushback

The Kremlin’s tightening grip on Russian life has a new target: the country’s most popular messaging app. Ordinary Russians and even pro-Kremlin hawks have offered rare public pushback against the campaign to throttle Telegram, warning it could backfire, not just at home but for Russia’s military in Ukraine. The app is woven into the daily … Read more

Fears of an all-out Israeli invasion mount in Lebanon

Katz warned Monday that the hundreds of thousands of people who have evacuated their homes south of the Litani River won’t be able to return until the “safety of residents” in northern Israel was “guaranteed.” That raised fears about how long a wider ground offensive — or potential occupation of the area — might last. … Read more

Mortgage rates rise as Iran war fans inflation fears and lifts Treasury yields

Mortgage rates in the U.S. jumped this week to the highest level in three months, as the Iran war fans inflation fears and puts pressure on the U.S. housing market. The 30-year fixed mortgage rate rose to 6.22% in the week ending March 19, up from 6.11% the previous week, according to Freddie Mac.  Economists note that … Read more

Massive emergency oil release fails to stem investor fears as oil surges above $100 a barrel

Stock futures slid and oil prices surged above $100 a barrel on Thursday as Iran continued its assaults on U.S. Gulf allies and tankers in the Persian Gulf, with a massive release of oil supplies by the International Energy Agency doing little to calm jittery investors. “Iran’s strategy of sowing economic chaos in the Gulf … Read more