Energy in America

Shares were mixed in Europe and Asia on Wednesday after the S&P 500's all-time record high close a day earlier failed to spark buying enthusiasm overseas.

Iranian leaders are defiant in the wake of President Donald Trump's decision to impose sanctions on countries that import Iranian oil, vowing to respond to America's move.

China has told Washington to avoid "wrong moves" that hurt Chinese interests following a U.S. threat to impose sanctions on buyers of Iranian oil.

Shares were mostly lower in Asia on Wednesday as the rally on Wall Street, where the S&P 500 logged an all-time record high close, ran out of steam.

California's governor wants to know why gas prices are higher than in the rest of the country, blaming potential "inappropriate industry practices" Tuesday rather than the state's higher taxes and tougher environmental regulations.

A federal judge approved Pacific Gas & Electric Corp.'s plans Tuesday to pay $235 million in employee bonuses this year, despite the California utility's bankruptcy and objections from lawyers of victims of the state's massive wildfires.

Stocks moved broadly higher in early trading Tuesday as companies started to report their latest financial results in force.

Global oil prices are climbing in the wake of the U.S. move to impose sanctions on countries that buy Iranian oil.

___ Back to the same record, but it's a different stock market NEW YORK (AP) — The stock market went on a harrowing round trip the last seven months, but it may be in a healthier place after it.

FBN's Stuart Varney on the potential fallout from New York City signing onto the Green New Deal.

The Latest on the U.S. move to end Iran sanction exemptions (all times local): 3:10 p.m.

Despite the move by Washington, spare capacity from other suppliers such as Saudi Arabia might be able to ensure oil markets cope with a cut in Iranian exports.

India says it will buy crude oil from other major oil producing countries in view of the United States' decision this week to end waivers that allowed it to buy Iranian oil without facing U.S. sanctions.

Asian stocks mostly rose Tuesday and oil prices soared to their highest level since October after the U.S. said it would soon impose sanctions on all buyers of Iranian oil.

A U.N. panel overseeing compensation claims by countries and organizations affected by Iraq's 1990-1991 invasion of Kuwait says it has paid $240 million to the Gulf state's national oil company.