Category Archives: World/National

Federal officials to take over inspections when troubled Boar’s Head plant reopens

Federal officials to take over inspections when troubled Boar’s Head plant reopens

Federal inspectors will assume direct oversight of a Boar’s Head deli meat plant when it reopens after an deadly listeria outbreak. The plant in Jarratt, Virginia, is set to reopen in the coming months. It will face at least 90 days of heightened monitoring and testing. That work will be overseen by federal Food Safety and Inspection Service officials, rather than state inspectors who operated previously on behalf of the agency. The change underscores the severity of problems at the troubled plant. Boar’s Head officials say they are cooperating with state and federal agencies.… Continue Reading

Powell signals Fed may cut rates soon even as inflation risks remain

Powell signals Fed may cut rates soon even as inflation risks remain

JACKSON HOLE, Wyo. (AP) — Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy. In a high-profile speech closely watched at the White House and on Wall Street, Powell said that there are risks of both rising unemployment and stubbornly higher inflation. Yet he suggested that with hiring sluggish, the job market could weaken further.… Continue Reading

Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target

Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target

NEW YORK (AP) — Walmart is showing it can keep pulling in shoppers and outpacing rivals like Target in an uncertain economic environment. and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target. The nation’s largest retailer delivered solid second-quarter financial results on Thursday. It reported a 4.6% quarterly increase in comparable sales, or those coming from established stores and online channels. Company executives say Walmart is attracting customers with fast deliveries, grocery discounts and trendier clothes. The earnings of the Bentonville, Arkansas, company differed notably from those of Target, which on Wednesday reported another quarter of comparable sales declines.… Continue Reading

Appeals court throws out massive civil fraud penalty against President Donald Trump

Appeals court throws out massive civil fraud penalty against President Donald Trump

NEW YORK (AP) — President Donald Trump is declaring victory now that an appeals court has thrown out the massive civil fraud penalty against him. But the court has upheld other punishments, such as banning Trump and his two eldest sons from serving in corporate leadership for a few years. A five-judge panel ruled Thursday in New York state’s lawsuit accusing the businessman-turned-politician of exaggerating his wealth. The decision in New York’s mid-level Appellate Division altered a verdict that stood to cost Trump more than $515 million and rock his real estate empire. The Republican president says the case and the verdict were political moves by Democrats. New York’s attorney general says the court affirmed the finding Trump was liable for fraud.… Continue Reading

Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses

Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses

NEW YORK (AP) — U.S. stock indexes ended mixed after Nvidia, Palantir and other superstar stocks pared most of their steep losses from the morning. The S&P 500 dipped 0.2% Wednesday after trimming a loss that reached 1.1% earlier in the day. The Dow Jones Industrial Average added 16 points, and the Nasdaq composite fell 0.7%. The day’s action again centered around stocks caught up in the mania around artificial-intelligence technology. These stocks are facing criticism that their prices shot too high, too fast and became too expensive. Several big U.S. retailers including Target turned in mixed financial results. Treasury yields eased.… Continue Reading

Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses

Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses

NEW YORK (AP) — U.S. stock indexes ended mixed after Nvidia, Palantir and other superstar stocks pared most of their steep losses from the morning. The S&P 500 dipped 0.2% Wednesday after trimming a loss that reached 1.1% earlier in the day. The Dow Jones Industrial Average added 16 points, and the Nasdaq composite fell 0.7%. The day’s action again centered around stocks caught up in the mania around artificial-intelligence technology. These stocks are facing criticism that their prices shot too high, too fast and became too expensive. Several big U.S. retailers including Target turned in mixed financial results. Treasury yields eased.… Continue Reading

Trump calls on Federal Reserve official to resign after official accuses her of mortgage fraud

Trump calls on Federal Reserve official to resign after official accuses her of mortgage fraud

WASHINGTON (AP) — President Donald Trump on Wednesday called on Federal Reserve governor Lisa Cook to resign after a member of his administration accused Cook of committing mortgage fraud. Bill Pulte, director of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, urged the Justice Department to investigate Cook, who was appointed to the Fed’s governing board by former president Joe Biden in 2022. She was reappointed the following year to a term that lasts until 2038.… Continue Reading

Palantir, Nvidia and other AI stars dim as Wall Street pulls further from its records

Palantir, Nvidia and other AI stars dim as Wall Street pulls further from its records

NEW YORK (AP) — Wall Street is edging further from its records. The S&P 500 fell 0.3% Tuesday and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average added 86 points, and the Nasdaq composite was down 1%. Drops for Palantir Technologies, Nvidia and other stars bid up because of the mania around artificial-intelligence technology led the declines. Home Depot helped lift the Dow after standing by its forecast for profit and revenue this year. Treasury yields fell in the bond market on expectations for coming cuts for interest rates.… Continue Reading

Zelenskyy, Trump express hope for trilateral talks with Putin to bring end to Russia-Ukraine war

Zelenskyy, Trump express hope for trilateral talks with Putin to bring end to Russia-Ukraine war

WASHINGTON (AP) — President Volodymyr Zelenskyy and President Donald Trump expressed hopes that talks with Ukrainian and European leaders at the White House could lead to trilateral talks with Russian President Vladimir Putin to bring an end to Russia’s war on Ukraine. Monday’s hastily assembled meeting comes after Trump met on Friday with Russian President Vladimir Putin and has said that the onus is now on Zelenskyy to agree to concessions that he said could end the war. Trump said he would back European security guarantees for Ukraine, though he stopped short of committing U.S. troops to the effort.… Continue Reading

Putin agreed to let US, Europe offer NATO-style security protections for Ukraine, Trump envoy says

Putin agreed to let US, Europe offer NATO-style security protections for Ukraine, Trump envoy says

NEW YORK (AP) — Special U.S. envoy Steve Witkoff says Russian leader Vladimir Putin agreed at his summit with President Donald Trump to allow the U.S. and European allies to offer Ukraine a security guarantee resembling NATO’s collective defense mandate as part of an eventual deal to end the 3 1/2-year war. Witkoff told CNN’s “State of the Union” on Sunday that “the United States could offer Article 5-like protection, which is one of the real reasons why Ukraine wants to be in NATO.” Witkoff said was the first time he had heard Putin agree to that.… Continue Reading

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