Category Archives: World/National

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

DeSantis announces plans for second immigration detention facility dubbed ‘Deportation Depot’

DeSantis announces plans for second immigration detention facility dubbed ‘Deportation Depot’

TALLAHASSEE, Fla. (AP) — Florida Republican Gov. Ron DeSantis’ administration is preparing to open a second immigration detention facility at a state prison in north Florida, as a federal judge decides the fate of the state’s holding center for immigrants at an isolated airstrip in the Florida Everglades dubbed “Alligator Alcatraz.” DeSantis announced Thursday that the new facility is to be built at the Baker Correctional Institution, a state prison about 43 miles (69 kilometers) west of Jacksonville, and is expected to house 1,300 immigration detention beds, though that capacity could be expanded to 2,000, state officials said.… Continue Reading

Wall Street ticks higher after a rally wrapped around the world

Wall Street ticks higher after a rally wrapped around the world

NEW YORK (AP) — U.S. stocks are drifting around their record levels after a rally spurred by hopes for lower U.S. interest rates wrapped around the world. The S&P 500 rose 0.1% Wednesday, coming off its latest all-time high. The Dow Jones Industrial Average climbed 325 points, while the Nasdaq composite was flat after setting a record the day before. Treasury yields eased, as expectations reached a virtual consensus that the Federal Reserve will cut its main interest rates for the first time this year at its next meeting in September. Stocks leaped by more than 1% in several Asian markets, while European indexes rose more modestly.… Continue Reading

Amazon expands its perishable delivery service, putting pressure on traditional grocers

Amazon expands its perishable delivery service, putting pressure on traditional grocers

NEW YORK (AP) — Amazon is now rolling out a service where its Prime members can order their blueberries and milk at the same time as their batteries and other basic items. The online juggernaut said Wednesday that customers in more than 1,000 cities and towns now have access to fresh groceries with its free Same-Day Delivery on orders over $25 for Prime members, with plans to reach over 2,300 locations by year-end. The company said that if an order doesn’t meet the minimum, members can still choose Same-Day Delivery for a $2.99 fee. For customers without a Prime membership, the service is available with a $12.99 fee, regardless of order size.… Continue Reading

US stocks rally to records on hopes for cuts to interest rates

US stocks rally to records on hopes for cuts to interest rates

NEW YORK (AP) — The U.S. stock market rallied to records after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% Tuesday and topped its all-time high set two weeks ago. The Dow Jones Industrial Average climbed 483 points, and the Nasdaq composite jumped 1.4% to set its own record. Stocks got a lift from hopes that the better-than-expected inflation report will give the Federal Reserve leeway to cut interest rates at its next meeting in September. Lower rates can give the economy and investment prices a boost.… Continue Reading

Shooter attacked CDC headquarters to protest COVID-19 vaccines

Shooter attacked CDC headquarters to protest COVID-19 vaccines

ATLANTA (AP) — The Georgia Bureau of Investigation says the man who fired more than 180 shots with a long gun at the headquarters of the U.S. Centers for Disease Control and Prevention wanted to send a message against COVID-19 vaccines. GBI Director Chris Hosey said 30-year-old Patrick Joseph White also recently verbalized thoughts of suicide, which led to law enforcement being contacted several weeks before the shooting. He said White broke into his father’s safe to get the long gun, and fatally shot DeKalb County Police Officer David Rose during the attack. The GBI said more than 500 shell casings were recovered from the scene.… Continue Reading

US inflation held steady last month as tariff hit offset by cheaper gas, food

US inflation held steady last month as tariff hit offset by cheaper gas, food

WASHINGTON (AP) — U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago. The figures suggest that slowing rent increases and cheaper gas are offsetting some impacts of President Donald Trump’s sweeping tariffs. Many businesses are also absorbing much of the cost of the duties. Tuesday’s figures likely include some impact from the 10% universal tariff Trump imposed in April, as well as higher duties on countries such as China and Canada.… Continue Reading

Trump suggests he’ll know if Putin wants a peace deal with Ukraine soon into their meeting

Trump suggests he’ll know if Putin wants a peace deal with Ukraine soon into their meeting

WASHINGTON (AP) — U.S. President Donald Trump says he expects to know quickly if a deal can be made with Russian leader Vladimir Putin to halt the war in Ukraine. Trump plans to meet Putin on Friday in Alaska. He suggested on Monday that he could know how serious Putin is within two minutes. He also refused to say if the meeting should involve Ukrainian President Volodymyr Zelenskyy and appeared dismissive of Zelenskyy’s role. European allies want Ukraine involved to prevent a deal favoring Moscow. Germany plans a separate, virtual meeting with Trump, Zelenskyy and other leaders to prepare for peace negotiations.… Continue Reading

Trump says he’s placing Washington police under federal control and deploying the National Guard

Trump says he’s placing Washington police under federal control and deploying the National Guard

WASHINGTON (AP) — President Donald Trump says he’s placing the Washington, D.C., police department under federal control and deploying the National Guard to make the nation’s capital safer. Trump has promised to address homelessness and crime. Trump posted online Monday the nation’s capital would be “LIBERATED” and he’d end the “days of ruthlessly killing, or hurting, innocent people.” Last week, Trump directed an increased federal law enforcement presence in the city for seven days “with the option to extend as needed.” The Republican president’s claims are leading the city’s Democratic mayor to voice concerns about the potential use of the National Guard to patrol the streets.… Continue Reading

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