Category Archives: World/National

US stocks add a bit more to their all-time high

US stocks add a bit more to their all-time high

NEW YORK (AP) — The U.S. stock market added to its record as Wall Street closed out a second straight winning month. The S&P 500 rose 0.5% Monday in its first trading after completing a stunning rebound from its springtime sell-off of roughly 20%. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite gained 0.5%. Oracle helped lead the way after saying it’s off to a strong start in its fiscal year. Banks were also solid in their first trading after the Federal Reserve said they’re financially strong enough to survive a downturn in the economy. Treasury yields eased in the bond market.… Continue Reading

States brace for impact as Trump’s big bill nears completion in Congress

States brace for impact as Trump’s big bill nears completion in Congress

JEFFERSON CITY, Mo. (AP) — President Donald Trump’s tax cut bill could have large implications for states. The legislation nearing completion in Congress could reduce federal funding to states for Medicaid and food assistance programs. But in many states, it’s too late to do much about it this year. Tuesday marks the start of a new budget year in 46 states. Though a few are still working, many state legislatures already have adjourned and had to craft a budget without knowing whether their federal funding would be cut. Some states have set aside money as a precaution. Others are tentatively planning to return in special sessions.… Continue Reading

Chief Justice Roberts warns against heated political words about judges

Chief Justice Roberts warns against heated political words about judges

WASHINGTON (AP) — Chief Justice John Roberts is warning that elected officials’ heated words about judges can lead to threats or acts of violence by others. Roberts’ comments Saturday at a judicial conference come at a time when threats against judges are on the rise. Roberts didn’t identify anyone by name. But he was clearly referring to Republican President Donald Trump and Senate Democratic leader Chuck Schumer when he said he’s felt compelled to issue public rebukes of figures in both parties in recent years. Roberts said the danger is that people might pick up on such criticism. He cited “serious threats of violence and murder of judges just simply for doing their work.”… Continue Reading

Supreme Court limits nationwide injunctions, but fate of Trump birthright citizenship order unclear

Supreme Court limits nationwide injunctions, but fate of Trump birthright citizenship order unclear

WASHINGTON (AP) — A divided Supreme Court has ruled that individual judges lack the authority to grant nationwide injunctions, but the decision leaves unclear the fate of President Donald Trump’s restrictions on birthright citizenship. The outcome Friday was a victory for Trump, who has complained about individual judges throwing up obstacles to his agenda. But a conservative majority left open the possibility that the birthright citizenship changes could remain blocked nationwide. The Republican president’s order would deny citizenship to U.S.-born children of people who are in the country illegally. Trump says the court’s decision is “amazing” and a “monumental victory for the Constitution,” the separation of powers and the rule of law.… Continue Reading

These Canadian rocks may be the oldest on Earth

These Canadian rocks may be the oldest on Earth

NEW YORK (AP) — Scientists have identified what could be the oldest rocks on Earth from a rock formation in Canada. The Nuvvuagittuq Greenstone Belt in Quebec has long been known for its ancient rocks, but researchers disagree on exactly how old they are. Samples from a new site place the rocks at approximately 4.16 billion years old, in the earliest period of Earth’s history. Ancient rocks are hard to find, but they give scientists a rare window into how early Earth may have looked and even how life got started. The new research was published Thursday in the journal Science.… Continue Reading

US stocks climb to the brink of a record

US stocks climb to the brink of a record

NEW YORK (AP) — U.S. stocks are climbing toward the brink of another record. The S&P 500 rose 0.5% Thursday and is just 0.3% below its all-time high, which was set in February. The Dow Jones Industrial Average added 264 points, and the Nasdaq composite gained 0.5%. McCormick helped lead the market after the seller of cooking spices delivered a better-than-expected profit report. Treasury yields eased a bit in the bond market following a couple of better-than-expected reports on the U.S. economy, including on jobless claims and orders for long-lasting manufactured goods. Stock indexes were mixed across much of Europe and Asia.… Continue Reading

College graduates face toughest job market in more than a decade as hiring slows

College graduates face toughest job market in more than a decade as hiring slows

WASHINGTON (AP) — Young people graduating from college this spring and summer are facing one of the toughest job markets in more than a decade. The unemployment rate for degree holders ages 22 to 27 has reached its highest level in a dozen years, excluding the coronavirus pandemic. Joblessness among that group is higher than the overall unemployment rate, and the gap is larger than it’s been in more than three decades. That worries many economists as well as officials at the Federal Reserve because it could be an early sign of trouble for the economy. It suggests businesses are holding off on hiring new workers because of rampant uncertainty stemming from the Trump administration’s tariff increases… Continue Reading

US stocks hang near their record as Wall Street takes a breath following two big days

US stocks hang near their record as Wall Street takes a breath following two big days

NEW YORK (AP) — U.S. stocks hung near their all-time high as financial markets caught a breath following two big days bolstered by hopes that the Israel-Iran war will not disrupt the global flow of crude oil. The S&P 500 barely budged on Wednesday and is sitting just 0.8% below its all-time high. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite rose 0.3%. Oil prices stabilized after plunging by roughly $10 per barrel in the prior two days. Stock indexes fell modestly in Europe after rising in Asia, and Treasury yields held relatively steady in the bond market.… Continue Reading

Temperature in New York City reaches 100 degrees as eastern US swelters under extreme heat wave

Temperature in New York City reaches 100 degrees as eastern US swelters under extreme heat wave

NEW YORK (AP) — The temperature in New York City has reached 100 degrees as the eastern U.S. sweltered under an extreme heat wave. According to the National Weather Service, Kennedy International Airport recorded 100 degrees Fahrenheit at midday Tuesday. Large swaths of the country were broiling under a heat dome, worsened by a humid atmosphere that’s circling the East. After nearly 40 US cities broke record high marks Monday, the weather service expected dozens of records Tuesday when the heat dome should hit its peak.… Continue Reading

Trump announces a ceasefire in Iran-Israel war; Iran to halt its fire if Israel stops its strikes

Trump announces a ceasefire in Iran-Israel war; Iran to halt its fire if Israel stops its strikes

DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump says that Israel and Iran have agreed to a “complete and total ceasefire” soon after Iran launched a limited missile attack Monday on a U.S. military base in Qatar, retaliating for the American bombing of its nuclear sites. Iran said that as long as Israel stopped its attacks early Tuesday morning, it would halt theirs. Israel did not immediately acknowledge any ceasefire but there were no Israeli strikes reported after 4 a.m. local time. Heavy Israeli strikes continued in Tehran and other cities until shortly before that time. Israel in other conflicts has stepped up its strikes just before ceasefires took effect.… Continue Reading

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