Global markets slumped and oil prices soared to levels not seen in more than a year as Iran launched a series of retaliatory attacks, including a drone strike on the U.S. Embassy in Saudi Arabia

The U.S. and Israeli attacks on Iran add yet more question marks around a U.S. economy already buffeted by on-and-off tariffs, weak hiring, and lingering inflationary pressures.

Alfano’s Pizza has its frozen pizzas available to purchase at Hy-Vee in Peru.

The coffee shop, which has two locations in Ottawa and one in Peru, will open this spring or early summer at 522 S. Clark St., the former Nonie’s Bakery & Cafe, with which Jeremiah Joe has had a partnership since 2020.

The price of a barrel of U.S. benchmark rose more than 8% to $72.70 per barrel, a price not seen since the U.S. summer driving season and the 12-day Israel-Iran war. Brent crude jumped 9% to nearly $79.19 per barrel.

Friday’s ruling will most likely prolong political and economic chaos over international trade through the election year

The Supreme Court struck down President Donald Trump’s far-reaching global tariffs on Friday, handing him a significant loss on an issue crucial to his economic agenda. Furious about the defeat, Trump said he would impose a global 10% tariff as an alternative

America’s gross domestic product — the nation’s output of goods and services — increased at an 1.4% annual rate in the fourth quarter, the Commerce Department reported Friday

A key inflation gauge accelerated in December to the fastest pace in nearly a year. Prices rose 0.4% in December from the previous month, the Commerce Department said Friday in a report that was delayed by the six-week government shutdown last fall