Wire stories category, Page 9
Wall Street drifts in a rare quiet day following weeks of tariff turmoil
NEW YORK — U.S. stocks are drifting Tuesday in a rare quiet day for financial markets worldwide, for now at least. The S&P 500 was up 0.2% in early trading, though it’s been prone to huge swings not just day to day but also hour to hour. It’s regularly careened...
Stocks rally worldwide after Trump eases some of his tariffs on electronics, for now
NEW YORK — Stocks rose worldwide Monday after President Donald Trump relaxed some of his tariffs, for now at least, and as stress from within the U.S. bond market seems to be easing. The S&P 500 climbed 0.8%, though trading was still shaky, and it briefly gave back all of...
Judge rules Menendez brothers’ bid for freedom through resentencing can continue
LOS ANGELES — Erik and Lyle Menendez’s resentencing hearings can continue despite opposition from the Los Angeles County district attorney, a judge ruled Friday. They were sentenced to life in prison without the possibility of parole at ages 18 and 21 after being convicted of murdering their parents, Jose and...
U.S. stocks climb but U.S. dollar sinks as Wall Street closes chaotic, historic week
NEW YORK — U.S. stocks are climbing Friday in another manic day on Wall Street, while the falling value of the U.S. dollar and other swings in financial markets suggest fear is still high about escalations in President Donald Trump’s trade war with China. The S&P 500 was 1.5% higher...
Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffsVideo
WASHINGTON — U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats. Consumer prices rose just 2.4% in March from a year earlier, the Labor Department said...
Stocks dive as euphoria on Wall Street reverts to fear about U.S.-China trade war
NEW YORK — Stocks dove Thursday and surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten the economy. The S&P 500 tumbled 3.5%, slicing into Wednesday’s surge of 9.5% following Trump’s decision to pause many of his tariffs worldwide....
Egg prices increase to record high despite Trump’s predictions and bird flu outbreak slowing
U.S. egg prices increased again last month to reach a new record-high of $6.23 per dozen despite President Donald Trump’s predictions, a drop in wholesale prices and no egg farms having bird flu outbreaks. The increase reported Thursday in the Consumer Price Index means consumers and businesses that rely on...
EU pauses tariff retaliation for 90 days to match Trump move, holding out hope for talks
BRUSSELS — The European Union’s executive commission said Thursday it will put trade retaliation measures on hold for 90 days to match President Donald Trump’s pause on his sweeping new tariffs and leave room for a negotiated solution. European Commission President Ursula von der Leyen said that the commission, which...
Asian shares deepen losses after another Wall Street retreat as tariffs take effect
BANGKOK — Asian shares sank again on Wednesday as the latest set of U.S. tariffs, including a 104% levy on Chinese imports, went into effect. Japan’s Nikkei 225 index initially lost nearly 4% and markets elsewhere in the region also declined. On Tuesday, the S&P 500 dropped 1.6% after wiping...
Egg giant Cal-Maine says government is investigating price increases
Shares of Cal-Maine Foods, the largest U.S. egg producer, fell in after-hours trading Tuesday once the company acknowledged it is being investigated by the antitrust division of the U.S. Department of Justice. Ridgeland, Mississippi-based Cal-Maine said it received notice of the investigation into egg price increases last month. Cal-Maine said...
Nevada bill proposes ‘generational ban’ on cigarette sales — with a big loophole
Nevada could permanently ban the sale of cigarettes to people born after Dec. 31, 2004 — except at some casinos — in a sweeping effort to cut down on future combustible tobacco use. Assembly Bill 279 ‘s restrictions on the sale of cigarettes to people turning 21 next year is...
U.S. boosts Medicare payments to insurers by over $25 billion
The U.S. government will pay private Medicare Advantage plans more money next year than it originally proposed in January, a major win for insurance companies that have faced increasing scrutiny in Washington. The shares of insurers surged on the decision. UnitedHealth Group Inc. stock rose as much as 6.2%, CVS...
Dutch cannabis growers welcome expansion of state-run experiment to make sales legal
BEMMEL, Netherlands — The Netherlands expanded a government-run initiative Monday allowing legal cannabis sales. While growing cannabis is still illegal, cannabis shops — known as coffeeshops — in 10 municipalities will be allowed to sell marijuana from 10 licensed producers. “Weed was sold here legally for 50 years, but the...
Budget airline Avelo to fly deportation flights for ICE from Arizona
Budget carrier Avelo Airlines signed an agreement to fly federal deportation flights from Arizona starting in May, according to the company, whose founder acknowledged the decision may be controversial. Andrew Levy, also CEO of the Houston-based airline, said Avelo is flying for the U.S. Department of Homeland Security’s Immigration Control...
Asian markets plunge as Japan’s Nikkei 225 index dives nearly 8% after the big meltdown on Wall Street
BANGKOK — Asian shares nosedived on Monday after the meltdown Friday on Wall Street over U.S. President Donald Trump’s tariff hikes and the backlash from Beijing. U.S. futures also signaled further weakness. The future for the S&P 500 lost 2.5% while that for the Dow Jones Industrial Average shed 2.1%....
Jaguar, Land Rover maker pauses shipments to U.S. as it develops post-tariff plans
LONDON — The maker of Jaguar and Land Rover cars is pausing shipments to the U.S. as Britain’s struggling auto industry begins to respond to the 25% tax on vehicle imports imposed by President Donald Trump. Jaguar Land Rover Automotive, one of Britain’s biggest carmakers, said Saturday that the pause...
Al Sharpton calls on PepsiCo to restore DEI initiatives, threatens boycott
The Rev. Al Sharpton is giving PepsiCo three weeks to meet with him — or suffer a boycott — to discuss reversing the company’s recent move to do away with its diversity, equity and inclusion initiatives, according to a letter shared with the Associated Press. On Friday, Sharpton wrote to...
Believe it or not, there were some winners in the stock market this week
NEW YORK — Most of the numbers on Wall Street this week were bright red, but not all of them. Companies that focus on food, health care and other necessities gained ground or held relatively stable, despite a slump in the broader stock market over worries about an escalating trade...
Markets plunge with S&P 500 down 6%, Dow down 2,200 as their worst crisis since covid deepens
NEW YORK — Wall Street’s worst crisis since covid slammed into a higher, scarier gear Friday. The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week. The move increased the stakes in a trade war that could end with a recession...
Trump extends TikTok deadline another 75 days as U.S. continues to look for deal
WEST PALM BEACH, Fla. — President Donald Trump on Friday said he is signing an executive order to keep TikTok running in the U.S. for another 75 days to give his administration more time to broker a deal to bring the social media platform under American ownership. Congress had mandated...
Wall Street swings again as approach of Trump’s ‘Liberation Day’ wallops stock markets worldwide
NEW YORK — President Donald Trump’s fast-approaching “Liberation Day” sent stock markets swinging sharply worldwide on Monday. On Wall Street, the S&P 500 rose 0.6% in another roller-coaster day, after being down as much as 1.7% during the morning. The reversal helped the index shave its loss for the first...
Doctor cites the pope’s ‘surprising improvement’ after surviving life-threatening crises
ROME — Pope Francis has shown ”a truly surprising improvement” since returning to the Vatican to convalesce after surviving a life-threatening bout with double-pneumonia, the doctor who coordinated the pontiff’s five-week hospitalization said Saturday. “I find him very lively,” Dr. Sergio Alfieri said, after visiting the pope at his apartment...
Steph Curry scores a 3-book deal, starting with a “personal reflection” on his life and career
NEW YORK — Steph Curry has a deal with a Random House Publishing Group imprint that you could call a 3-point play. The NBA superstar has agreed to release three books through One World, beginning Sept. 9 with “Shot Ready,” which Curry is calling a “personal reflection” on his life...
Wisconsin judge won’t stop Musk’s $1 million payments to voters. Attorney general appeals
MADISON, Wis. — A Wisconsin judge on Saturday declined to stop billionaire Elon Musk from handing over $1 million checks to two voters in the state at a planned rally days before the closely contested Supreme Court election. The state attorney general, who argues that the offer violates the law,...
U.S. Naval Academy ends affirmative action in admissions
ANNAPOLIS, Md. — The U.S. Naval Academy will no longer consider race, ethnicity or sex as a factor for admission to the service institution, a response to an executive order by President Donald Trump, according to federal court documents made public Friday. The change in policy was made in February...
