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Stocks Sink On Worries About Potential Interest Rate Hike

NEW YORK (AP) — U.S. stocks slumped Wednesday on speculation the Federal Reserve may hike interest rates this year to keep a lid on inflation. Higher rates can tap the brakes on accelerating prices at cash registers, but they also slow the economy and hurt prices for investments. The S&P 500 dropped 1.2% and erased an earlier, modest gain after the Fed released projections showing that nine of 18 policymakers foresee at least one increase to its main interest rate this year. The Dow Jones Industrial Average went from a gain of 280 points in the morning to a drop of 507 points, or 1%, ...

U.S. Officials: Iran Deal Calls For Diluting Uranium At Minimum

WASHINGTON (AP) — President Donald Trump said he signed an agreement with Iran Wednesday that U.S. officials say calls for Tehran to dilute its stockpile of highly enriched uranium and waive sanctions on the country, immediately allowing Iran to sell its oil freely in a major concession from Washington. Pakistani Prime Minister Shehbaz Sharif, who helped mediate the initial deal to end the war, said it is taking 'immediate effect' after leaders from both countries signed it, but that there will still be a formal signing ceremony on Friday. The agreement would open the Strait of ...

Oil Drops Below $80 Per Barrel, While Tech Stocks Weigh Down Market

NEW YORK (AP) — Oil prices sank again Tuesday and dropped below $80 per barrel for the first time since early March, while U.S. stocks drifted near their all-time highs in mixed trading. The S&P 500 slipped 0.6% and pulled 1.3% below its record set earlier this month. The market was nearly evenly split between stocks rising and falling, and the Dow Jones Industrial Average added 328 points, or 0.6%, to set a record for the second straight day. But drops for some influential tech stocks pulled the Nasdaq composite down 1.2%. Stocks that had benefited from the boom in ...

Local Sports Schedule

(all games start at 6 p.m. unless noted) Wednesday, June 17 AMERICAN LEGION Cambridge at St. Clairsville Steubenville at Moundsville OVBL Bethany at Barton Colerain at Maynard

Stocks Leap, Oil Prices Drop After U.S., Iran Reach Tentative Deal

NEW YORK (AP) — Stock markets rallied worldwide Monday, and oil prices eased after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again. The S&P 500 rose 1.7% on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The Dow Jones Industrial Average climbed 468 points, or 0.9%, to a record, and the Nasdaq composite jumped 3.1%. Stocks got a lift after the price for a barrel of Brent crude ...

West Virginia Comes Back To Force Tie In OVAC All-Star Game

WELLSBURG — There is a common idea that All-Star games are played for fun and who wins is not really all that important. The players in Sunday’s OVAC All-Star Baseball Game did not seem to get that memo. Both squads were locked in and battled like it was a do-or-die tournament game to ...