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Stocks fell in the run-up to President Richard Nixon's impeachment proceedings and for a few months after he resigned. But the economy was in recession at the time.The stock market had risen steadily after Trump's election through 2017. But hiccuped in January 2018 after Trump introduced the first of many tariffs aimed at growing the US steel industry and reducing America's purchases of foreign-made products.Stocks rebounded in the middle of the year but have swooned again because investors are worried about rising rates -- and a mountain of debt caused by the tax cut bill that higher rates will make more expensive to pay off. 644
Starbucks officials are assessing the situation store by store and community by community. Depending on the situation, they will adapt the store experience. 156

Shortly thereafter, the Associated Press reported that the Nevada Supreme Court made Joe Biden’s win in the state official, approving the final canvass of the Nov. 3 election.The unanimous action Tuesday by the seven nonpartisan justices sends to Democratic Gov. Steve Sisolak results that will deliver six electoral votes from the western U.S. battleground state to Biden. The court action drew extra scrutiny amid legal efforts by the state GOP and Trump campaign to prevent sending vote-by-mail ballots to all 1.82 million active registered voters and then to stop the counting of the 1.4 million votes that were cast. 621
Starting Wednesday, Dec. 26, the airport’s Pacific Highway Economy Lot -- on Pacific Highway at Washington St. -- will be closed to the public for an unknown duration. 167
Thanks OPEC and Russia: The rebound in oil prices from the crash of 2015-2016 was engineered in large part by OPEC. The oil cartel teamed up with Russia to slash production beginning in early 2017 in a bid to fix a supply glut. That strategy eventually worked and global oil stockpiles, especially in the United States, have declined steadily.In fact, OPEC and Russia's moves have been strong enough to offset soaring production from the shale revolution in the United States.Trump exits Iran deal: US oil prices topped a barrel earlier this month just as President Trump announced the United States is withdrawing from the Iran nuclear deal.The decision sparked fears that renewed sanctions on Iran, the world's fifth-biggest oil producer, will sideline up to 1 million barrels per day of supply. It remains unclear exactly how much Iranian oil will get knocked offline, but it's safe to say the Iran decision has supported oil and gas prices. Related: Saudis say OPEC and Russia could pump more oil How high will prices go? Memorial Day weekend is often the peak for gasoline prices as demand starts to wane through the summer and in the fall.DeHaan predicted that the national average could top a gallon over the next few days before backing away."This could be the high-water mark for the driving season," said DeHaan.If prices don't calm down, some drivers could decide to stay home rather than pay up at the pump."It's starting to cause some sticker shock and maybe some resentment. But I don't think it will hold people back," said DeHaan.Trump could eventually take action if prices become a problem. Goldman Sachs recently suggested Trump could tap the emergency stockpile of oil stored in the Strategic Petroleum Reserve to make up for the loss of Iranian production.OPEC to the rescue? It's possible that OPEC and Russia, sensing that prices have gotten too hot, step in to calm the market down.In fact, Saudi Arabia said this week that OPEC and Russia could supply more oil to world markets "in the near future."That news, from a panel discussion hosted by CNNMoney's John Defterios, helped send US oil prices plunging 4% to .88 a barrel. It was oil's steepest decline in nearly a year. OPEC and Russia are due to meet in Vienna on June 22.However, some analysts are skeptical that OPEC and Russia will do anything to spoil the high prices needed to balance their budgets."The Saudis are quite enjoying prices," said Michael Tran, global energy strategist at RBC Capital Markets."I'm not sure they're going to rush back in and flood the market with barrels," he said. 2593
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