Stocks tumble as Wall Street nears longest losing streak in nearly 4 years

Stocks tumbled Friday as Wall Street was headed for a fifth straight weekly decline, its longest such stretch in nearly four years. The losses come a day after U.S. markets suffered their worst drop since the Iran war began Feb. 28. The S&P 500 slumped 55 points, or 0.85%, to 6,422 in late-morning trading, while the … Read more

Trump’s failed strong-arming of allies on Iran shows that pressure is losing its effect

PARIS — We’ve long had your back, now it’s our turn. That is how the famously transactional U.S. President Donald Trump is framing his demands that allies help him with the Iran war. He wants to call in IOUs for decades of U.S. security guarantees. The string of refusals indicates his stock of European goodwill … Read more