Category Archives: World/National

US stocks hit another record as Tesla and Nike rally

US stocks hit another record as Tesla and Nike rally

NEW YORK (AP) — U.S. stocks ticked higher to hit another record. The S&P 500 rose 0.5% Wednesday and set an all-time high for the third time in four days. The Dow Jones Industrial Average edged down by less than 0.1%, and the Nasdaq composite gained 0.9%. Tesla rallied following its latest update on deliveries, while Nike and other companies that import a lot from Vietnam rose after President Donald Trump announced a trade deal with the country. Shorter-term Treasury yields held steady ahead of a highly anticipated report coming on Thursday about the strength of the U.S job market.… Continue Reading

Tesla sales plunge again as anti-Musk boycott shows staying power and rivals pounce on the weakness

Tesla sales plunge again as anti-Musk boycott shows staying power and rivals pounce on the weakness

NEW YORK (AP) — Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk’s political views continue to keep buyers away. Tesla is also facing stiff competition from other electric vehicle makers, especially in Europe where China’s BYD has taken a bite out of its market share. The 13% plunge in sales reported Wednesday adds to growing signs that Musk’s embrace of U.S. President Donald Trump and far-right politicians in Europe has had a deep and enduring impact to Tesla’s brand appeal. Sales fell to 384,122 in April through June, down from 443,956 in the same period last year.… Continue Reading

Wall Street is split as Tesla and tech drop while most other US stocks climb

Wall Street is split as Tesla and tech drop while most other US stocks climb

NEW YORK (AP) — A mixed day of trading left the U.S. stock market split, as Wall Street’s momentum slowed after setting record highs in each of the last two days. The S&P 500 slipped 0.1% Tuesday for its first loss in four days. The Dow Jones Industrial Average rose roughly 400 points, and the Nasdaq composite fell 0.8%. Tesla tugged on the market as the relationship between its CEO, Elon Musk, and President Donald Trump soured further. But most U.S. stocks rose. So did short-term Treasury yields following a better-than-expected report on U.S. job openings. Data on U.S. manufacturing was more mixed.… Continue Reading

Trump says migrants would need to know ‘how to run away from an alligator’ to flee Florida facility

Trump says migrants would need to know ‘how to run away from an alligator’ to flee Florida facility

OCHOPEE, Fla. (AP) — President Donald Trump toured an isolated new immigration detention surrounded by alligator-filled swamps in Florida’s Everglades. He suggested during Tuesday’s tour that the site could be a model for future lockups nationwide, as his administration races to expand the infrastructure necessary for increasing deportations. Trump called the lockup “Alligator Alcatraz.” That’s a moniker that has alarmed immigrant activists but appeals to the White House’s aggressive approach to deportations. Trump delighted in the area’s allegators. He even said of migrants that will soon be held at the center, “We’re going to teach them how to run away from an alligator if they escape prison.”… Continue Reading

Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks 50-50 tie

Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks 50-50 tie

WASHINGTON (AP) — The Senate has hauled President Donald Trump’s big bill of tax breaks and spending cuts to passage after a turbulent overnight session. ice President JD Vance broke a 50-50 tie to push it over the top. The bill next goes back to the House, where Speaker Mike Johnson of Louisiana warned off big revisions from his chamber’s version. But senators did make changes particularly to Medicaid health care. Senate Majority Leader John Thune of South Dakota worked through the night and ino Tuesday to strike a last-minute agreement between Republicans worried the bill’s health care reductions will leave millions without care and his conservative flank seeking steeper cuts to hold down deficits.… Continue Reading

Man shot Idaho firefighters who had asked him to move his vehicle, killing 2, sheriff says

Man shot Idaho firefighters who had asked him to move his vehicle, killing 2, sheriff says

COEUR D’ALENE, Idaho (AP) — A sheriff says a man shot firefighters battling a blaze in northern Idaho after they asked him to move his vehicle, killing two of them and wounding a third. Authorities say the man had set a fire and the firefighters who rushed to put out the blaze instead found themselves under fire. They took cover behind fire trucks, but two died and a third was wounded during a barrage of gunfire over several hours, authorities said. Kootenai County Sheriff Bob Norris said it appears the man later killed himself.… Continue Reading

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

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