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Stocks mostly higher… Oil prices rebound a bit … Foreigners buy more US Treasury bonds

UNDATED (AP) — Stocks are ending mostly higher after recovering from an early plunge. Energy companies rose the most after the price of crude oil turned higher. The Dow Jones industrial average edged down 24 ½ points to 16,117. Broader indexes fared better. The S&P 500 edged up a fraction of a point to 1,862. The Nasdaq composite gained two points to 4,217.

DATELINE (AP) — The price of oil is rebounding a little despite an Energy Department report showing a sharp increase in U.S. stockpiles. Benchmark U.S. crude rose 92 cents to close at $82.70 a barrel today on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, rose 69 cents to close at $84.47 on the ICE Futures exchange in London.

WASHINGTON (AP) — The Treasury Department says foreign buyers of U.S. Treasury securities boosted their holdings in August to a record high. China, the largest foreign owner of Treasury debt, increased its holdings after two months of reductions. A monthly report says foreign holdings increased 1.1 percent to an all-time high of $6.07 trillion, after having fallen by 0.3 percent in July.

WASHINGTON (AP) — Federal health advisers say a bold-letter warning about suicide risks with Pfizer’s Chantix should remain on the anti-smoking drug until it can reevaluated based on new, rigorous study information. Pfizer has asked regulators to drop the warning, pointing to recent studies suggesting there’s no increased risk of psychiatric problems among people taking Chantix.

NEW YORK (AP) — Starbucks says it will start letting customers across the country place orders ahead of time on their smartphones by next year. The Seattle-based chain says it will introduce the option in Portland, Oregon, later this year before the national rollout in 2015. Starbucks has been making a big push to convince people to sign up for its mobile payment app.

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Analysis: The world Washington built is fraying. What comes next?

The United States is confronting a global security environment that increasingly resembles the outcome its Cold War adversaries once hoped to produce: a divided West, weakened alliances, economic exhaustion, multiple simultaneous wars and declining confidence in American leadership. That does not mean today’s crises were orchestrated according to some surviving Soviet master plan. The Soviet Union is gone, and the threats facing Washington now come from several different states with different interests. But the strategic effect is strikingly familiar. Early NATO assessments of Soviet intentions warned that Moscow sought to weaken the democratic powers, deny the West a secure European base and ultimately exhaust North America economically. Now, NATO says Russia is again trying to reconfigure the Euro-Atlantic security order through military force, sabotage, cyberattacks, coercion and disinformation. The difference is that much of the pressure now confronting the West is occurring simultaneously — and some of the damage to alliance cohesion is self-inflicted.
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