Category Archives: World/National

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

European leaders to join Ukraine’s Zelenskyy for White House meeting with Trump

European leaders to join Ukraine’s Zelenskyy for White House meeting with Trump

KYIV (AP) — European leaders will join Ukraine’s President Volodymyr Zelenskyy for his crucial meeting with President Donald Trump, European Commission President Ursula von der Leyen said on Sunday. The move in relation to the key White House meeting on Monday is an apparent effort to prevent a repeat of the heated encounter Zelenskyy faced when he met Trump in February. Von der Leyen, head of the European Union’s executive branch, posted on X that “at the request of President Zelenskyy, I will join the meeting with President Trump and other European leaders in the White House tomorrow.”… Continue Reading

No deal to end Russia’s war in Ukraine after Trump rolls out red carpet for Putin

No deal to end Russia’s war in Ukraine after Trump rolls out red carpet for Putin

JOINT BASE ELMENDORF-RICHARDSON, Alaska (AP) — President Trump and Russia’s Vladimir Putin have started their Alaska summit with a warm handshake. They greeted each other like old friends before heading into discussions that could reshape the war in Ukraine and relations between Moscow and Washington. Friday’s summit gives Trump a chance to prove he is a master dealmaker and global peacemaker. For Putin, it’s an opportunity to negotiate a deal that would cement Russia’s gains. Ukrainian President Volodymyr Zelenskyy and European leaders weren’t invited. The meeting could have far-reaching implications, with foreign governments watching closely.… Continue Reading

Bondi names DEA head as DC’s ’emergency police commissioner,’ but capital leaders push back

Bondi names DEA head as DC’s ’emergency police commissioner,’ but capital leaders push back

WASHINGTON (AP) — Attorney General Pam Bondi has named the head of the Drug Enforcement Administration as Washington’s “emergency police commissioner,” saying she is granting him the powers of the police chief amid President Donald Trump’s takeover. Bondi said in an directive issued Thursday evening that DEA boss Terry Cole will assume “powers and duties vested in the District of Columbia Chief of Police.” But the capital’s attorney general responded that Bondi’s order was “unlawful” and said local officers must continue to follow Police Chief Pamela Smith’s orders. Mayor Muriel Bowser says “there is no statute that conveys the District’s personnel authority to a federal official.”… Continue Reading

Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady

Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady

NEW YORK (AP) — Most stocks are falling on Wall Street following a disappointing update on inflation. But gains for Amazon and other influential Big Tech companies are helping to mask the losses on Thursday, and the S&P 500 rose 0.1% even though three out of every four stocks within the index fell. The Dow Jones Industrial Average dipped 79 points, and the Nasdaq composite added 0.2% to its own record. The hotter-than-expected inflation report forced traders to second guess the widespread consensus that the Federal Reserve will deliver relief next month by cutting interest rates. Treasury yields rose.… Continue Reading

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