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Month: March 2026

US stocks sink after oil spikes to its highest price since the summer of 2024

US stocks sink after oil spikes to its highest price since the summer of 2024

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Stocks sank on Wall Street Thursday after the price of oil spiked to its highest level since the summer of 2024 because of the war with Iran.

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The S&P 500 fell 0.6% and erased what had been a small gain for the year so far. The Dow Jones Industrial Average briefly dropped more than 1,100 points before finishing with a loss of 784, or 1.6%. The Nasdaq composite slipped 0.3%.

The losses came as financial markets around the world keep following the cue of oil prices. Sharp increases there are raising worries that a long-term surge could grind down the global economy, exhaust households’ ability to spend and push interest rates higher. read more

Ask a real estate pro: Can HOA require me to clean a roof that I don’t think is dirty?

Ask a real estate pro: Can HOA require me to clean a roof that I don’t think is dirty?

Q: Can my association fine me because they’re saying my roof is dirty and needs to be power-washed? When I asked them what the guidelines were, they just pointed to the section that said I was responsible for general maintenance under the declaration. I think my roof looks fine. Can they make me power wash my roof? — Zach

A: Homeowners associations have the authority to enforce rules and regulations, but that authority has limits. While an HOA may impose fines for violations of its governing documents, such as the declaration, bylaws, or reasonable rules. However, those rules must be clearly defined and properly adopted.

A vague requirement for “general maintenance” is not enough to justify a fine for something specific, like failing to power-wash a roof.

When it comes to HOA enforcement, clarity is essential. Depending on your location, the law permits associations to impose fines, but only if the violation is based on a clear and enforceable obligation.

The law also requires procedural safeguards, such as written notice and a hearing before a neutral fining committee. Courts have consistently ruled that restrictions must be specific and unambiguous to be enforceable. read more

Health inspections lead to 8 Central Florida restaurant shutdowns

Health inspections lead to 8 Central Florida restaurant shutdowns

The Department of Business and Professional Regulation shut down eight Central Florida restaurants for health code violations during the week from Feb. 22-28.

Orange

Lee & Rick’s Oyster Bar Inc. at 5621 Old Winter Garden Road in Orlando shut down on Feb. 23. Inspectors found five violations, one of which was high priority for flying insects. A second inspection occurred on Feb. 24. There were five violations, one of which was a high-priority repeated violation for flying insects. A final inspection occurred on Feb. 25. There were three violations, but none was a high priority. The restaurant met inspection standards.

Cornerstone Pizza at 1513 E. Michigan St. in Orlando shut down on Feb. 23. Inspectors found 11 violations, one of which was high priority for roach activity. A second inspection occurred on Feb. 24. Inspectors found nine violations, none of which was a high priority. The restaurant met inspection standards.

Checkers 6328 at 355 E. Main St. in Apopka shut down on Feb. 27. Inspectors found four violations, one of which was high priority for 70 flying insects. A second inspection occurred on Feb. 28. There was one violation, but it wasn’t a high priority. The restaurant met inspection standards. read more

Meta CEO Mark Zuckerberg says at consumer protection trial that he resisted censoring platforms

Meta CEO Mark Zuckerberg says at consumer protection trial that he resisted censoring platforms

By MORGAN LEE

SANTA FE, N.M. (AP) — Jurors in a bellwether trial about the impacts of social media on teenagers and children on Wednesday watched a deposition of Meta CEO Mark Zuckerberg that explores what the architects of Facebook and Instagram knew from internal research about the negative experiences by young users and how the company responded since its early years.

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Prosecutors are alleging that Meta violated state consumer protection laws in failing to disclose what it knew about the dangers of addiction to social media as well as child sexual exploitation on the company’s platforms, while attorneys for Meta say the company discloses risks, makes efforts to weed out harmful content and experiences, and acknowledges that some bad material still gets through its safety net. read more

Google settles with Epic Games with offer to lower its app store commissions

Google settles with Epic Games with offer to lower its app store commissions

By MICHAEL LIEDTKE

SAN FRANCISCO (AP) — Google will lower the lucrative fees imposed on its Android app store and offer a way for rival options to gain its stamp of approval, ending a bruising legal battle that led to one of several rulings condemning its tactics as an illegal monopoly.

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The proposed changes filed Wednesday with a federal court in San Francisco mark the latest twist in a case that began in August 2020 when video game maker Epic Games filed an antitrust case seeking make it easier for alternative payment options to compete against Google’s Play Store system, which charges 15% to 30% commissions on a wide variety of in-app transactions. read more