Local Business
Saturday, April 18, 2026 · Philadelphia County
Iran Deal Hopes Ignite Market Rally Amid Strait Blockade
Global stocks surged as traders bet on a breakthrough in US-Iran talks despite a fresh naval blockade of the Strait of Hormuz. The S&P 500 climbed 1% to 6886.24, erasing conflict losses, while oil dipped below $100 a barrel on de-escalation optimism. Yet volatility lingers with failed prior negotiations fueling caution.
Ford Recalls 422K Trucks, SUVs Over Risky Wiper Failures
Ford Motor Co. is recalling 422,613 vehicles after a wiper arm defect that could leave drivers blind in bad weather. The issue, flagged by rising warranty claims, affects popular Expeditions, Navigators and Super Duty trucks. No crashes reported, but regulators warn of heightened accident risk.[1][2][3]
Saturday, April 18, 2026
FAA Caps O'Hare Flights at 2,708 Daily to Slash Summer Delays
Chicago O'Hare, America's busiest airport by flight volume, faces a federal cap slashing peak summer flights by up to 372 daily to combat crippling delays. Transportation Secretary Sean Duffy's order targets last summer's misery, when just 60% of flights ran on time. Airlines like United brace for 200-flight cuts amid a surge in planned operations.
Saturday, April 18, 2026
QVC Group Files Chapter 11 to Slash $6.6B Debt, Eyes 90-Day Exit
The parent of shopping giants QVC and HSN plunged into Chapter 11 bankruptcy Thursday, aiming to erase $5.3 billion in debt amid cord-cutting and online rivals. Backed by a creditor deal, the company vows seamless operations and full vendor payments. Will live TV shopping survive the shakeup?
Saturday, April 18, 2026