Category Archives: WPTF News

US stocks dip after careening through a manic day following Trump’s latest tariff threat

US stocks dip after careening through a manic day following Trump’s latest tariff threat

NEW YORK (AP) — US stocks careened after President Donald Trump threatened to crank his tariffs higher, despite a stunning display showing how much Wall Street wants him to do the opposite. The S&P 500 sank 0.2% Monday. The Dow Jones Industrial Average fell 349 points, and the Nasdaq composite rose 0.1%. The Dow was earlier down as many as 1,700 points following even worse losses worldwide on worries that Trump’s tariffs could torpedo the global economy. It then surged to a gain after a rumor circulated that Trump may pause his tariffs. But the White House quickly called that fake news, and Trump then threatened to raise tariffs further on China.… Continue Reading

Hearing begins for $2.8 billion NCAA settlement, could lock in seismic changes for college sports

Hearing begins for $2.8 billion NCAA settlement, could lock in seismic changes for college sports

OAKLAND, Calif. (AP) — A federal judge has opened the final hearing for a landmark $2.8 billion settlement that will impact every corner of college athletics by saying she will not be granting formal approval on Monday. The settlement calls for paying more than $2.7 billion in damages to athletes who say the NCAA and five biggest conferences prevented them from earning money off their celebrity status. It also would clear the way for each schools to begin sharing up to $20.5 million with their athletes.… Continue Reading

Trump says he’s not backing down on tariffs, calls them ‘medicine’ as markets reel

Trump says he’s not backing down on tariffs, calls them ‘medicine’ as markets reel

WEST PALM BEACH, Fla. (AP) — President Donald Trump says he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S. He’s digging in on his plans to implement the taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system. Speaking to reporters Sunday aboard Air Force One, Trump said he didn’t want global markets to fall, but also that he wasn’t concerned about the massive sell-off either, adding, “sometimes you have to take medicine to fix something.” His comments came after Trump’s aides sought to soothe market concerns by saying more than 50 nations had reached out about launching negotiations to lift the tariffs.… Continue Reading

The skyrocketing cost of weight-loss drugs has state Medicaid programs looking for a solution

The skyrocketing cost of weight-loss drugs has state Medicaid programs looking for a solution

Some of the more than a dozen states that cover the high cost of GLP-1 drugs like Wegovy, Ozempic and Zepbound through Medicaid or state employee insurance programs are scrambling to lessen the budgetary squeeze from fast-rising costs. In Pennsylvania alone, Medicaid coverage of the drugs is projected to cost $1.3 billion. That’s up from practically nothing several years ago. Pennsylvania and Connecticut are looking to tighten guidelines for people who want to use GLP-1s solely for weight loss. But there remains interest in covering the drugs. An Associated Press analysis using the bill-tracking software Plural shows at least a half-dozen states have bills this year proposing Medicaid coverage.… Continue Reading

Duke’s push for 6th NCAA title falls apart in unlikely late collapse against Houston in Final Four

Duke’s push for 6th NCAA title falls apart in unlikely late collapse against Houston in Final Four

SAN ANTONIO (AP) — Duke’s push for its sixth national championship ended abruptly and in unlikely fashion with the Blue Devils squandering a double-digit second-half lead. The Blue Devils led by 14 with about 8 1/2 minutes left before seeing Houston push back and score the game’s last nine points to win 70-67 in Saturday night’s national semifinals. Duke led by six with 1:14 to go before Houston’s winning push as the Blue Devils missed shots, couldn’t get stops and came up empty when the Cougars pushed ahead.… Continue Reading

North Carolina judges side with Republican colleague in close Supreme Court race

North Carolina judges side with Republican colleague in close Supreme Court race

RALEIGH, N.C. (AP) — A North Carolina appeals court has sided with the trailing candidate in a close state Supreme Court election from November. The intermediate-level Court of Appeals ruled Friday that ballots covering three categories should be disallowed. This overturns decisions of the State Board of Elections and favors Republican candidate Jefferson Griffin. He’s 734 votes behind Democratic Associate Justice Allison Riggs. Griffin’s postelection protests challenged over 65,000 ballots. The decision tells election officials to give voters in two of the categories about three weeks to provide needed information so their ballots could count. But the ruling first will likely be appealed to the state Supreme Court.… Continue Reading

What you do before and during a tornado could mean the difference between life and death

What you do before and during a tornado could mean the difference between life and death

ATLANTA (AP) — Experts say planning before a tornado threatens is key for staying safe. Weather radios, basements and bicycle helmets can all help save lives. Rick Smith of the National Weather Service says a weather radio is something that every home and business should have. There are also other ways of getting warnings, such as a cellphone app. Experts say having multiple, redundant warning methods is important. Smith advises people to seek shelter underground if possible. And recent research shows that closing your exterior and interior doors can be a good strategy to alleviate the high winds somewhat. That’s the opposite of the commonly held misconception that you’re supposed to open things up equalize the air pressure.… Continue Reading

ACC is moving its women’s basketball tournament from Greensboro to the Atlanta area in 2026

ACC is moving its women’s basketball tournament from Greensboro to the Atlanta area in 2026

CHARLOTTE, N.C. (AP) — The Atlantic Coast Conference women’s basketball tournament will move from its longtime home in North Carolina to the Atlanta area in 2026. The tournament will be held at the 13,000-seat Gas South Arena in Duluth, Georgia, which is about 30 miles northeast of downtown Atlanta. The decision to move the event followed an extensive bid process and evaluation by coaches and administrators. The tournament has been played in Greensboro, North Carolina, for 25 of the past 26 seasons.… Continue Reading

Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock

Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock

NEW YORK (AP) — Financial markets around the world reeled following President Donald Trump’s latest and most severe set of tariffs, and the U.S. stock market took the worst of it. The S&P 500 fell 4.8% Thursday, more than other major stock markets. The Dow Jones Industrial Average dropped 1,679 points, and the Nasdaq composite sank 6%. Little was spared as fear flared globally about the potentially toxic mix of weakening economic growth and higher inflation that tariffs can create. Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies fell. Even gold pulled lower.… Continue Reading

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