Asian stocks mixed, oil soars on Iran sanctions worries
The price of crude oil surged Monday after the U.S. government moved to further block Iranian oil exports.
Tesla CEO plans to hand the car keys to robots next year
Tesla CEO Elon Musk appears ready to transform the company's electric cars into driverless vehicles in a risky bid to realize a bold vision he has been floating for years.
Medicare, Social Security face shaky fiscal futures
The financial condition of the government's bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026.
A Trump Fed choice steps aside, and another faces new doubts
President Donald Trump says Herman Cain has withdrawn from consideration for a seat on the Federal Reserve's board amid a focus on past scandals.
Iran sanctions send oil prices, supply concerns higher
The Trump administration's decision to impose sanctions on countries that buy Iranian oil is raising concerns about global crude supply and sending oil prices to their highest levels since October.
The Latest: Tesla to introduce new ride-hailing service
The Latest on Tesla's plans for fully-autonomous vehicles (all times local): 6 a.m.
How the major US stock indexes fared Monday
Major U.S. stock indexes closed mostly lower Monday, as losses in banks and other sectors offset solid gains in energy companies following a surge in crude oil prices.
Business Highlights
___ Medicare, Social Security face shaky fiscal futures WASHINGTON (AP) — A new report by the government's overseers of Medicare and Social Security urges lawmakers to "take action sooner rather than later" to address shortfalls in the financial condition of the government's bedrock retirement programs for middle- and working-class Americans.
Markets Right Now: Stocks end mostly lower, oil price rises
The latest on developments in financial markets (all times local): 9:35 a.m.
Boeing prepares plant for likely Air Force F-15 orders
Boeing is preparing to build F-15 fighter planes for the U.S. Air Force at its St. Louis County plant even though the military branch hasn't bought the jet in over a decade.
Amid minimum wage debate, Trump is giving Americans a raise right now
Business leaders know they have a friend in the White House who understands the power of entrepreneurship.
Melinda Gates talks 'brash' Microsoft culture in new book
Looking back at her time as an early Microsoft employee, Melinda Gates said the brash culture at the famously tough, revolutionary tech company made her want to quit.
Boom market in small businesses shows signs of cooling
The boom market in small businesses is showing signs of cooling.
US says no more sanctions waivers for importing Iranian oil
The Trump administration is poised to tell five nations, including allies Japan, South Korea and Turkey, that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran, officials said Sunday.
Semiconductor firm to buy, expand upstate NY chip plant
An Arizona-based semiconductor supplier will purchase GlobalFoundries' computer chip manufacturing plant in the Hudson Valley, adding 150 new jobs and preserving hundreds of others as part of a $720 million expansion plan, Gov. Andrew Cuomo announced Monday.
Home sales fall 4.9% in slow start to spring buying season
Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties.
The Latest: Iran brushes off US decision on sanction waivers
The Latest on U.S. sanctions on countries importing Iranian oil (all times local): 8:45 a.m.
Gas prices could continue rising as Trump ends Iran oil import waivers
Oil prices climbed to the highest level so far this year
US existing home sales fall more than expected in March
Falling mortgage rates, strengthening wage growth and slowing house price inflation have improved affordability, but housing supply remains tight.
Sales of US existing homes fell 4.9% in March to mark slow start of spring home-buying season
Sales of US existing homes fell 4.9% in March to mark slow start of spring home-buying season.












