Category Archives: World/National

US stocks slip as Wall Street braces for an update on inflation

US stocks slip as Wall Street braces for an update on inflation

NEW YORK (AP) — U.S. stocks edged back from their record heights in Wall Street’s final moves before an upcoming update on inflation. The S&P 500 fell 0.3% after flirting with its all-time high earlier in the day. The Dow Jones Industrial Average dipped 0.5%, and the Nasdaq shaved 0.3% off its record. The highlight of this week for Wall Street is likely to arrive on Tuesday, when the government will report how bad inflation was across the country in July. A hot reading could discourage the Federal Reserve from delivering the cuts to interest rates that President Donald Trump has been demanding.… 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

Judge denies request to unseal transcripts from grand jury that indicted Ghislaine Maxwell

Judge denies request to unseal transcripts from grand jury that indicted Ghislaine Maxwell

NEW YORK (AP) — A federal judge in New York has ruled transcripts of secret grand jury testimony in the sex trafficking case against Jeffrey Epstein’s former girlfriend Ghislaine Maxwell won’t be released. Judge Paul A. Engelmayer issued his written ruling on Monday. The judge says releasing the transcripts would risk unraveling the foundations of secrecy upon which the grand jury is premised. Maxwell is serving a 20-year prison term after her conviction on sex trafficking charges for helping procure girls for Jeffrey Epstein to sexually abuse. Maxwell recently was interviewed by the Department of Justice and was moved from a prison in Florida to a prison camp in Texas. Maxwell’s attorney says she testified truthfully.… Continue Reading

Trump has said abortion is a state issue. His judicial picks could shape it nationally for decades

Trump has said abortion is a state issue. His judicial picks could shape it nationally for decades

CHICAGO (AP) — Many of President Donald Trump’s picks to be federal judges have revealed anti-abortion views, been associated with anti-abortion groups or defended abortion restrictions. With Senate confirmation, they’d have lifetime appointments and be in position to roll back abortion access long after the Republican president leaves the White House. Of the 17 judicial nominees so far in Trump’s second term, an Associated Press review finds at least eight have argued in favor of abortion restrictions or against expanded abortion access. No such records could be found for the other nine, nor did the AP review find evidence that any nominees support increased access to abortion.… Continue Reading

Wall Street clocks another winning week

Wall Street clocks another winning week

Stocks rose on Wall Street, marking their third winning week in the last four. The S&P 500 rose 0.8% Friday, leaving the index just shy of the record it set last week. The Dow Jones Industrial Average climbed 0.5%, and the Nasdaq composite added 1% to the record it set a day earlier. Expedia and Gilead Sciences rose sharply after reporting results that easily beat analysts’ forecasts. Both companies also raised their outlooks. Asian markets closed mostly lower except in Tokyo, where the Nikkei rose 1.9%. European markets were mixed. Treasury yields rose in the bond market.… Continue Reading

Wall Street drifts as stock markets worldwide take Trump’s new tariffs in stride

Wall Street drifts as stock markets worldwide take Trump’s new tariffs in stride

NEW YORK (AP) — U.S. stocks drifted to a mixed finish as President Donald Trump’s tariffs on dozens of countries had only a muted effect on markets worldwide. The S&P 500 slipped 0.1% Thursday. The Dow Jones Industrial Average dipped 0.5%, and the Nasdaq composite rose 0.3% to a record. Worries are high that Trump’s tariffs are damaging the economy, particularly after last week’s worse-than-expected report on the job market. But hopes for coming cuts to interest rates by the Federal Reserve and a torrent of stronger-than-expected profit reports from big U.S. companies are helping to offset the concerns, at least for now. Treasury yields ticked higher.… Continue Reading

FBI forces out more leaders, including ex-director who fought Trump demand for Jan. 6 agents’ names

FBI forces out more leaders, including ex-director who fought Trump demand for Jan. 6 agents’ names

WASHINGTON (AP) — The FBI is forcing out more senior officials, including a former acting director who resisted Trump administration demands to turn over the names of agents who participated in Jan. 6 Capitol riot investigations and the head of the bureau’s Washington field office. That’s according to people familiar with the matter and internal communications seen by The Associated Press on Thursday. Brian Driscoll led the bureau in the weeks that followed President Donald Trump’s inauguration last January. Steven Jensen for months led the Washington office, one of the bureau’s largest and busiest. Driscoll and Jensen have sent farewell messages to colleagues.… Continue Reading

Trump, Cook to announce Apple is investing another $100 billion in the U.S.

Trump, Cook to announce Apple is investing another $100 billion in the U.S.

WASHINGTON (AP) — Apple CEO Tim Cook is joining President Donald Trump at the White House on Wednesday to announce a commitment by the tech company to increase its investment in U.S. manufacturing by an additional $100 billion over the next four years. As part of the Apple announcement, the investments will be about bringing more of its supply chain and advanced manufacturing to the United States as part of an initiative called the American Manufacturing Program, but it is not a full commitment to build its popular iPhone device domestically.… Continue Reading

Trump envoy Witkoff meets Putin ahead of Russia-Ukraine peace deadline, the Kremlin says

Trump envoy Witkoff meets Putin ahead of Russia-Ukraine peace deadline, the Kremlin says

The Kremlin says Russian President Vladimir Putin is holding talks with U.S. President Donald Trump’s special envoy Steve Witkoff. A meeting between Putin and Witkoff lasted about three hours Wednesday. Neither side gave an immediate readout of the talks. The meeting comes days before the White House’s deadline for Russia to reach a peace deal with Ukraine. Russia potentially faces severe economic penalties that could also hit countries buying its oil. Trump’s deadline for Putin ends Friday. Washington has threatened severe tariffs and other penalties if the conflict in Ukraine continues.… Continue Reading

US stocks slip following the latest discouraging signal on the economy

US stocks slip following the latest discouraging signal on the economy

NEW YORK (AP) — U.S. stock indexes slipped following the latest discouraging signal on the U.S. economy. The S&P 500 fell 0.5% Tuesday, coming off a whipsaw stretch where it followed its worst day since May with its best since May. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite fell 0.7%. A weaker-than-expected report on activity for U.S. services businesses added to worries that President Donald Trump’s tariffs may be hurting the economy. But hopes for coming cuts to interest rates by the Federal Reserve, along with a stream of stronger-than-expected profit reports from U.S. companies, helped keep the losses in check.… Continue Reading

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