• US consumers should feel muted impact from rising oil price

    In this Tuesday, Nov. 1, 2016, file photo, Leon Balagula changes the price for the gasoline at his Sunoco station in the early morning, in Fort Lee, N.J. OPEC’s decision on Wednesday, Nov. 30, 2016, to cut production gave an immediate boost to oil prices, but the impact on consumers is likely to be more modest and gradual. (AP Photo/Seth Wenig, File)

    DALLAS (AP) — OPEC’s decision to cut production gave an immediate boost to oil prices, but the impact on consumers and the U.S. economy is likely to be more modest and gradual.

  • UN further tightens North Korea sanctions

    UNITED NATIONS (AP) — The U.N. Security Council voted Wednesday to further tighten sanctions on North Korea following months of diplomatic wrangling over how best to respond to North Korea’s latest nuclear test in September and their repeated defiance of international sanctions and diplomatic pressure.

  • Major indexes set records as energy companies surge

    This July 15, 2013, file photo, shows the New York Stock Exchange. Oil prices surged Wednesday, Nov. 30, 2016, on expectations of a production cut from the OPEC cartel of producers. Shares in oil companies rose in the slipstream of higher oil prices, helping indexes around the world to post solid gains. (AP Photo/Mark Lennihan, File)

    NEW YORK (AP) — Stocks moved mostly lower Wednesday as gains in blue-chip energy companies and banks were not enough to make up for losses in the broader market.

  • Tokyo organizers promise cost-cutting for 2020 Olympics

    Carlos Nuzman, president of the Rio 2016 Organizing Committee, delivers speech during a press conference of the closing plenary session of the IOC Debriefing of the Olympic Games Rio 2016, in Tokyo, Wednesday, Nov. 30, 2016. The three-day IOC debriefing ends Wednesday to share knowledge and experiences between the Rio Olympic Games organizers and future host cities, including Tokyo which will host the 2020 Olympics and Paralympics. (AP Photo/Eugene Hoshiko)

    TOKYO (AP) — Hoping to avoid last-minute financial pressures, Japanese officials said Wednesday they are determined to keep total costs of the 2020 Tokyo Olympics Games below 2 trillion yen ($18 billion) after a three-day debriefing from organizers of the Rio de Janeiro Games.

  • The Latest: Trump’s economic team targets Dodd-Frank

    Vice President-elect Mike Pence, left, meets with House Speaker Paul Ryan of Wis., right, on Capitol Hill in Washington, Wednesday, Nov. 30, 2016. (AP Photo/Andrew Harnik)

    WASHINGTON (AP) — The Latest on President-elect Donald Trump (all times EST):

  • How shady Italian banking led to drama for savers, economy

    This Sept. 28, 2016 photo shows the headquarters of Veneto Banca, on the outskirts of Montebelluna, near Treviso, Italy. Veneto Banca was an integral part of the community before it collapsed, causing losses for thousands of savers, many of them elderly, its demise is emblematic of the wider country's financial problems, which could get worse if the government collapses after a popular vote this weekend on Dec. 4, 2016. (AP Photo/Colleen Barry)

    MONTEBELLUNA, Italy (AP) — For the people of Montebelluna, in Italy’s prosperous northeast, the 139-year-old Veneto Banca was not a faceless lender but part of the community.

  • Treasury nominee Mnuchin was Trump’s top fundraiser

    Steven Mnuchin, national finance chairman of President-elect Donald Trump's campaign, walks to lunch at Trump Tower, Tuesday, Nov. 29, 2016, in New York. (AP Photo/Evan Vucci)

    WASHINGTON (AP) — Steven Mnuchin, President-elect Donald Trump’s expected choice to be the nation’s 77th treasury secretary, has had a long history as a successful financial executive and a shorter but significant period in a job that ushered him into Trump’s inner circle: head of Trump’s campaign finance operation.

  • Energy companies drag US stocks lower as oil prices plunge

    In this Oct. 8, 2014, file photo, an American flag flies in front of the New York Stock Exchange in New York. U.S. stocks started slightly lower early Tuesday, Nov. 29, 2016, as the price of oil tumbled almost 4 percent. That took energy companies sharply lower. Health care companies climbed after a strong outlook from UnitedHealth Group. Tiffany jumped after it reported better quarterly results than analysts expected. (AP Photo/Mark Lennihan, File)

    TOKYO (AP) — Asian stocks were mixed Wednesday, as investors awaited the results of a key meeting of oil producing nations.

  • Efforts to save the Cheat River chart clearer course forward

    In this Nov. 1, 2016 photo, Keith Fisher of the Nature Conservancy shows colleague Abigail Strassman the start of the Cheat River Canyon near Albright, West Virginia. The conservancy and other environmentalists joined with the state to buy the canyon and its eight-mile stretch of the once badly polluted river. (AP Photo/Michael Virtanen)

    PRESTON COUNTY, W.Va. (AP) — The Cheat River flows pale green and slate gray, glistening in the sunshine as it gathers speed, turns to whitewater and drops between rocks on the way toward the Monongahela River. From there it makes its way to the Ohio River and the drinking water of millions of people.

  • Some African-Americans applaud Castro’s efforts at equality

    FILE- In this Sept. 2, 2001, file photo, former South African President Nelson Mandela, left, and Cuban leader Fidel Castro embrace during a visit by Castro in Johannesburg, South Africa. Some African Americans are remembering late Cuban President Fidel Castro and his efforts to end racial segregation on the Caribbean island following the country’s 1959 revolution. Castro sought out black leaders. In 1960, he met with Malcolm X in Harlem. He also had a close relationship with South Africa’s Nelson Mandela. (AP Photo/Jose Goitia, File)

    DETROIT (AP) — The Fidel Castro that Sam Riddle and many other African-Americans admired was not the revolutionary dictator who plunged Cuba into economic ruin and held the island nation in an iron grip.