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Wall Street recovers from Friday's shock as US stocks rally and oil prices ease
Consumer Watch
AP

Wall Street recovers from Friday's shock as US stocks rally and oil prices ease

  • By STAN CHOE - AP Business Writer
  • Updated

Calm is returning to Wall Street. U.S. stocks are rallying Monday, while oil prices are giving back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week. The S&P 500 climbed 1% and was on track to reclaim nearly all of its drop from Friday. The Dow Jones Industrial Average added 361 points, and the Nasdaq composite rose 1.4%. They joined a worldwide rise for stock prices, stretching from Asia to Europe. The price for a barrel of benchmark U.S. oil fell by about 2%, while gold's price eased.

Fiery Air India crash kills 241 people aboard, leaving 1 survivor, airline says
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AP

Fiery Air India crash kills 241 people aboard, leaving 1 survivor, airline says

  • By AJIT SOLANKI and RAJESH ROY - Associated Press
  • Updated

Air India says all but one of the 242 people aboard a flight bound for London have died in a crash in Ahmedabad. One passenger who was thrown from the plane survived. The Air India passenger plane bound for London crashed into a medical college shortly after takeoff Thursday. Black smoke billowed from the site where the plane crashed and burst into flames near the airport. An unknown number of people on the ground were killed in the crash. Vidhi Chaudhary, a top state police officer in the northwestern city, said the toll on the ground included medical students in a college hostel when the plane hit the building.

Salmonella outbreak tied to eggs sickens dozens across 7 states
News
AP

Salmonella outbreak tied to eggs sickens dozens across 7 states

  • The Associated Press
  • Updated

Federal health officials say a salmonella outbreak linked to a large egg recall has made dozens of people sick in seven states in the West and Midwest. On Friday, the August Egg Company recalled about 1.7 million brown organic and brown cage-free egg varieties distributed to grocery stores because of the potential for salmonella. The U.S. Centers for Disease Control and Prevention say 79 people have gotten a strain of salmonella that was linked to the eggs, and 21 people have been hospitalized. The recall covers Arizona, California, Illinois, Indiana, Nebraska, New Mexico, Nevada, Washington and Wyoming.

Stop making cents: US Mint moves forward with plans to kill the penny
Consumer Watch
AP

Stop making cents: US Mint moves forward with plans to kill the penny

  • By FATIMA HUSSEIN and ALAN SUDERMAN - Associated Press
  • Updated

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out. That word comes from a Treasury Department official who wasn't authorized to discuss the matter publicly and spoke on condition of anonymity to preview the news. An immediate annual savings of $56 million in reduced material costs is expected by stopping penny production, according to the official. In February, President Donald Trump announced that he had ordered his administration to cease production of the 1-cent coin. The Treasury says there are about 114 billion pennies currently in circulation in the United States � that’s $1.14 billion � but they're greatly underutilized.