Category Archives: World/National

Wall Street coasts for now ahead of a week packed with potential flashpoints

Wall Street coasts for now ahead of a week packed with potential flashpoints

NEW YORK (AP) — U.S. stocks coasted to a quiet finish to begin a week full of potentially market-moving events. The S&P 500 edged up by less than 0.1% on Monday to set an all-time high for a sixth straight day. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite added 0.3% to its own record. Stocks held steady after the United States and European Union agreed on the framework for a trade deal, one that still has many details to be worked out. Later this week will come Big Tech profit reports, a decision on interest rates by the Federal Reserve and other highly anticipated updates.… Continue Reading

Wall Street coasts for now ahead of a week packed with potential flashpoints

Wall Street coasts for now ahead of a week packed with potential flashpoints

NEW YORK (AP) — U.S. stocks are coasting following their record-setting run. The S&P 500 was flat on Monday after setting an all-time high in each of last week’s five days. The Dow Jones Industrial Average slipped 8 points, and the Nasdaq composite climbed 0.2%. Stocks were relatively steady after the United States and European Union agreed on the framework for a trade deal, one that still has many details to be worked out. This upcoming week is full of potential flashpoints that could shake markets, including Big Tech profit reports and the Federal Reserve’s latest decision on interest rates.… Continue Reading

US-EU deal sets a 15% tariff on most goods and averts the threat of a trade war with a global shock

US-EU deal sets a 15% tariff on most goods and averts the threat of a trade war with a global shock

EDINBURGH, Scotland (AP) — The United States and the European Union have agreed to a trade framework setting a 15% tariff on most goods. President Donald Trump announced the agreement on Sunday after meeting with European Commission chief Ursula von der Leyen in Scotland. This deal prevents higher import taxes that could have impacted global economies. Trump described the negotiation as beneficial for both parties. Von der Leyen noted the deal brings stability and predictability for businesses. The agreement includes major U.S. energy purchases and investments by the EU. Some strategic products will have zero tariffs, but details are still being finalized.… Continue Reading

Trump plays golf in Scotland while protesters take to the streets and decry his visit

Trump plays golf in Scotland while protesters take to the streets and decry his visit

EDINBURGH, Scotland (AP) — President Donald Trump has played golf at his course on Scotland’s coast while protesters around the country took to the streets to decry his visit and accuse United Kingdom leaders of pandering to the American. Trump and his son Eric played on Saturday near Turnberry, a historic course that the Trump family’s company took over in 2014. Meanwhile, hundreds of protesters gathered in front of the U.S. Consulate about 100 miles away in Edinburgh, Scotland’s capital. Protests were planned in other cities. While in Scotland, Trump is set to talk trade with British Prime Minister Keir Starmer and Ursula von der Leyen, the European Commission president.… Continue Reading

In Epstein furor, Trump struggles to shake off a controversy his allies once stoked

In Epstein furor, Trump struggles to shake off a controversy his allies once stoked

WASHINGTON (AP) — President Donald Trump faces ongoing questions about the Jeffrey Epstein case, overshadowing his administration’s achievements. On Friday, reporters pressed the Republican president about pardoning Epstein’s accomplice, Ghislaine Maxwell, but he deflected, emphasizing his administration’s successes. Despite enacting significant policies, Trump’s past ties to Epstein continue to stir controversy. Supporters demand transparency, believing Epstein’s death in a New York jail cell six years ago hides a larger conspiracy. Administration officials who previously fueled theories now claim there’s nothing more to reveal. Trump denies prior knowledge of Epstein’s crimes and urges supporters to move on. But the Epstein case remains a challenging distraction.… Continue Reading

Trump’s USDA to scatter half its Washington staff to field offices. Critics see a ploy to cut jobs

Trump’s USDA to scatter half its Washington staff to field offices. Critics see a ploy to cut jobs

SPRINGFIELD, Ill. (AP) — The U.S. Department of Agriculture plans to move thousands of employees out of Washington, D.C., aiming to save money and bring them closer to farmers and ranchers. Agriculture Secretary Brooke Rollins announced Thursday that around 2,600 workers will relocate to five hubs from North Carolina to Utah. The plan is part of President Donald Trump’s effort to make the federal government more efficient. Critics worry about losing connections to Congress and potential disruptions. The union representing federal workers criticized the move as a ploy to cut jobs. The union also pointed out that some 95% of the department’s employees already work outside Washington.… Continue Reading

Justice Department will meet with Ghislaine Maxwell, Jeffrey Epstein’s imprisoned girlfriend

Justice Department will meet with Ghislaine Maxwell, Jeffrey Epstein’s imprisoned girlfriend

WASHINGTON (AP) — Justice Department officials will meet with Ghislaine Maxwell, the imprisoned girlfriend of financier and convicted sex offender Jeffrey Epstein. That’s according to a person familiar with the matter. The person tells The Associated Press the meeting is Thursday in Florida, where Maxwell is held. The meeting is part of a Justice Department effort to cast itself as transparent following backlash from parts of President Donald Trump’s base over an earlier refusal to release additional Epstein records. A Justice Department spokesman hasn’t returned a message seeking comment. A lawyer for Maxwell says she’ll “always testify truthfully.” Maxwell was convicted of helping Epstein sexually abuse underage girls. Epstein died in a New York jail awaiting trial.… Continue Reading

US stocks hit more records following US-Japan trade deal

US stocks hit more records following US-Japan trade deal

NEW YORK (AP) — U.S. stocks rose to more records following a trade deal between the world’s No. 1 and No. 4 economies. The S&P 500 climbed 0.8% Wednesday, setting another all-time high. The Dow Jones Industrial Average jumped 507 points, and the Nasdaq composite gained 0.6% to hit its own record. Stocks rallied even more in Tokyo after President Donald Trump announced a deal that would place a 15% tax on imports from Japan. That’s lower than the 25% rate that Trump had earlier threatened. Big U.S. companies continued to offer updates about how Trump’s tariffs are affecting them, and Treasury yields rose.… Continue Reading

Wall Street ticks up to another record as GM and others show how tariffs are impacting them

Wall Street ticks up to another record as GM and others show how tariffs are impacting them

NEW YORK (AP) — Wall Street inched to another record following some mixed profit reports, as General Motors and other big U.S. companies gave updates on how much President Donald Trump’s tariffs are hurting or helping them. The S&P 500 rose 0.1% Tuesday to beat the all-time high it set a day earlier. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite fell 0.4% from its record. General Motors dropped despite reporting a stronger profit than expected, as it still sees a $4 billion to $5 billion hit this year because of tariffs. Homebuilders soared following their better-than-forecast profit reports. Treasury yields eased.… Continue Reading

The government was once a steady partner for nonprofits. That’s changing

The government was once a steady partner for nonprofits. That’s changing

In his second term, President Donald Trump has cut a huge range of federal grants that fund social services. The cuts are disrupting the decades-long partnerships between the government and nonprofits. An Urban Institute analysis shows the scale and breadth of that relationship. In 2021, nonprofits received $267 billion in grants from all levels of government grants. More than half of nonprofits would face budget deficits without this funding. Nonprofits across the U.S. are struggling to adapt, with some forced to restructure or reduce services. Leaders warn that private donations cannot replace the scale of government support.… Continue Reading

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