Category Archives: WPTF News

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

Commanders GM says non-football topics such as President Trump’s comments don’t reach him

Commanders GM says non-football topics such as President Trump’s comments don’t reach him

ASHBURN, Va. (AP) — Washington’s NFL franchise used to be in the news all the time for reasons other than football. That seemed to have changed under new team ownership, but President Donald Trump’s remarks about the team name and possibly holding up a stadium deal are making waves just as training camp opens. Still, Commanders general manager Adam Peters made clear Tuesday — at a news conference with coach Dan Quinn a day before the team’s first training camp practice — that he doesn’t expect any of that sort of outside conversation to interfere with their real jobs.… 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

House ending session early as Republicans clash over Epstein vote

House ending session early as Republicans clash over Epstein vote

WASHINGTON (AP) — The House is leaving Washington early as Republicans clash over the Jeffrey Epstein files. House Speaker Mike Johnson is rebuffing pressure to act on the investigation into Epstein as some Republicans push for a vote on the matter. Johnson said Tuesday morning that he wants to give the White House “space” to release the Epstein information on its own. The speaker’s stance seemed unlikely to satisfy many Republicans who are threatening to support a bipartisan bill to pry information from the Justice Department. Even before Johnson spoke, a Republican-controlled committee was advancing a resolution to subpoena Epstein’s former girlfriend Ghislaine Maxwell.… Continue Reading

Hunter Biden lashes out at George Clooney, other Democrats, over Joe Biden’s 2024 campaign

Hunter Biden lashes out at George Clooney, other Democrats, over Joe Biden’s 2024 campaign

WASHINGTON (AP) — Hunter Biden has criticized prominent Democrats and party advisers in a recent interview. In a podcast published Monday, he expressed frustration over George Clooney’s call for President Joe Biden to drop out of the 2024 race. Hunter Biden questioned Clooney’s authority to undermine his father, who later exited the race after a poor debate performance. He also accused longtime Democratic strategists of profiting from the party without helping its current efforts. As for the disastrous June 2024 debate, Hunter Biden said his father had taken the sleep aide Ambien and was still affected by it.… Continue Reading

D-Day veteran and TikTok star ‘Papa Jake’ Larson dies at 102

D-Day veteran and TikTok star ‘Papa Jake’ Larson dies at 102

PARIS (AP) — D-Day veteran and social media star “Papa Jake” Larson, who survived Omaha Beach on D-Day in 1944, has died at 102. Known for sharing World War II stories on TikTok, he gained 1.2 million followers late in life. Tributes have poured in from across the United States and Normandy, where he was celebrated for his role in defeating Nazi forces. Larson enlisted in the National Guard at 15 and later helped plan the Normandy invasion. He survived intense gunfire on D-Day and fought through the Battle of the Bulge. In recent years, he returned to Normandy for commemorations, honoring fallen comrades as “the lucky ones.”… Continue Reading

Trump administration releases FBI records on MLK Jr. despite his family’s opposition

Trump administration releases FBI records on MLK Jr. despite his family’s opposition

Martin Luther King Jr.’s two living children are urging people to tread lightly with a newly released trove of records related to their father’s assassination. Martin Luther King III and Bernice King opposed the Trump administration’s decision to release more than 240,000 pages of records concerning the slain civil rights leader. King’s children noted that their father was the victim of sometimes illegal surveillance by then-FBI chief J. Edgar Hoover, who viewed King as a radical. Some civil rights activists said Trump is using the King files to distract from his own troubles related to Jeffrey Epstein.… Continue Reading

US stocks set more records as Verizon begins a big week for profit reports with a beat

US stocks set more records as Verizon begins a big week for profit reports with a beat

NEW YORK (AP) — U.S. stocks are rising toward more records ahead of a week full of profit updates from big U.S. companies. The S&P 500 rose 0.6% Monday and was above its all-time high set on Thursday. The Dow Jones Industrial Average climbed 217 points, and the Nasdaq composite added 0.7% to its own record. Verizon Communications helped lead the way following its better-than-expected profit report. Other market heavyweights slated to report their results for the spring this week include Alphabet, Coca-Cola and Tesla. Stock indexes were mixed in Europe but rose in much of Asia, while Treasury yields eased in the bond market.… Continue Reading

Beef prices have soared in the US — and not just during grilling season

Beef prices have soared in the US — and not just during grilling season

OMAHA, Neb. (AP) — Anyone firing up the grill this summer already knows hamburgers and steaks are expensive, but the latest numbers show prices have climbed to record highs. And experts say consumers shouldn’t expect much relief soon either. According to U.S. government data, the average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago. The average price of all uncooked beef steaks rose 8% to $11.49 per pound. But this is not a recent phenomenon. Beef prices have been steadily rising over the past 20 years because the supply of cattle remains tight while beef remains popular. That’s not likely to change.… Continue Reading

Denny Hamlin continues climb in NASCAR’s career wins list. With 60 in sight, how far can he go?

Denny Hamlin continues climb in NASCAR’s career wins list. With 60 in sight, how far can he go?

DOVER, Del. (AP) — Denny Hamlin went back-to-back at Dover Motor Speedway, holding a late lead through a rain delay and an overtime finish Sunday for the Joe Gibbs Racing driver’s series-best fourth victory of the season. Hamlin won in the No. 11 Toyota for the second straight time at Dover to add to wins this season at Martinsville, Darlington and Michigan. Hamlin has 58 NASCAR Cup Series victories, leaving him two short of Kevin Harvick for 10th on the career list. The 44-year-old Virginia driver might hit that mark this season as he chases his first career Cup championship. Hamlin held off JGR teammate Chase Briscoe for the victory. Hendrick Motorsports drivers took the next two spots, with Alex Bowman third and Kyle Larson fourth.… Continue Reading

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