Category Archives: World/National

Wall Street’s rally stalls as US stocks dip for their 1st loss in 4 days

Wall Street’s rally stalls as US stocks dip for their 1st loss in 4 days

NEW YORK (AP) — Wall Street’s rally stalled after stocks climbed back within 2% of their all-time high. The S&P 500 slipped 0.3% Wednesday for its first drop in four days. The Dow Jones Industrial Average ended little changed, and the Nasdaq composite lost 0.5%. The action was stronger in the bond market, where Treasury yields eased after a report showed inflation ticked up by less last month than economists expected. That raised expectations for the Federal Reserve to cut interest rates later this year. Markets didn’t react much to the conclusion of two days of trade talks between the U.S. and China.… Continue Reading

Southern Baptist delegates at national meeting overwhelmingly call for banning same-sex marriage

Southern Baptist delegates at national meeting overwhelmingly call for banning same-sex marriage

DALLAS (AP) — Southern Baptist delegates at their national meeting overwhelmingly endorsed banning same-sex marriage — including a call for a reversal of the U.S. Supreme Court’s 10-year-old precedent legalizing it nationwide. They also called for legislators to curtail sports betting and to support policies that promote childbearing. The votes came at the gathering of more than 10,000 church representatives at the annual meeting of the nation’s largest Protestant denomination. A proposed resolution says legislators have a duty to “pass laws that reflect the truth of creation and natural law — about marriage, sex, human life, and family” and to oppose laws contradicting “what God has made plain through nature and Scripture.”… Continue Reading

US stocks drift higher as trade talks start with China in hopes of avoiding a recession

US stocks drift higher as trade talks start with China in hopes of avoiding a recession

NEW YORK (AP) — U.S. stocks are drifting higher as the world’s two largest economies begin talks on trade that could help avoid a recession. The S&P 500 rose 0.3% Monday. The Dow Jones Industrial Average rose 58 points, and the Nasdaq composite gained 0.5%. Markets are waiting to hear what comes of trade talks between the United States and China taking place in London. Treasury yields eased in the bond market after a survey suggested consumers’ expectations for coming inflation eased a bit. Chinese stocks rose, while indexes were mixed amid mostly modest movements across the rest of Asia and Europe.… Continue Reading

Apple unveils software redesign while reeling from AI missteps, tech upheaval and Trump’s trade war

Apple unveils software redesign while reeling from AI missteps, tech upheaval and Trump’s trade war

CUPERTINO, Calif. (AP) — After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology. The presummer rite was more subdued than the feverish anticipation that surrounded the event in 2023 when Apple unveiled a mixed-reality headset and last year when the company hyped AI features that didn’t pan out as envisioned. Although Apple announced helpful AI tools and a redesign of its iPhone software in a decade, the company is still facing about its ability to innovate and ability to navigate a gauntlet of other challenges.… Continue Reading

California governor plans to file lawsuit against Trump over National Guard deployment to protests

California governor plans to file lawsuit against Trump over National Guard deployment to protests

LOS ANGELES (AP) — California Gov. Gavin Newsom said he planned to file a lawsuit against President Donald Trump in response to the administration’s extraordinary deployment of the National Guard to confront immigration protesters who took to the streets in Los Angeles. Newsom, a Democrat, said that commandeering a state’s National Guard without consulting the governor of that state is “illegal and immoral.” The streets of the sprawling city of 4 million people were mostly quiet Monday morning, the day after crowds blocked off a major freeway and set self-driving cars on fire. Law enforcement responded with tear gas, rubber bullets and flash-bang grenades. Sunday’s protests were centered in several blocks of downtown and a handful of other places.… Continue Reading

Trump deploys California National Guard to LA to quell protests despite the governor’s objections

Trump deploys California National Guard to LA to quell protests despite the governor’s objections

PARAMOUNT, Calif. (AP) — President Donald Trump is deploying 2,000 California National Guard troops despite the governor’s objections to Los Angeles over where protests Saturday led to clashes between immigration authorities and demonstrators. The White House said in a statement Saturday that he was deploying the Guardsmen to “address the lawlessness that has been allowed to fester” in California. Gov. Gavin Newsom, a Democrat, objected to the move and said in a post on X that the move from the Republican president was “purposefully inflammatory and will only escalate tensions.”… Continue Reading

Walmart’s army of bakery decorators take the cake when it comes to hourly store pay

Walmart’s army of bakery decorators take the cake when it comes to hourly store pay

NEW YORK (AP) — The school graduation season is the busiest time of year for the Walmart workers who hand-decorate cakes per customers’ orders. The cakes and optional fillings come pre-baked and frozen from suppliers, but the nation’s largest retailer holds a big slice of the American custom cake market. The company says one out of four cakes sold in the U.S. comes from Walmart, and that its workers will collectively decorate more than 1 million cakes during May and June. The discount retail chain’s 6,200-strong army of icing artisans are Walmart’s highest paid hourly workers, excluding store managers. Detractors on social media have accused the decorators of stealing ideas and undercutting professional cake artists with inexpensive products.… Continue Reading

Hiring in the US slows, yet employers added a solid 139,000 jobs in May

Hiring in the US slows, yet employers added a solid 139,000 jobs in May

WASHINGTON (AP) — U.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over Trump’s trade wars. The Department of Labor said Friday that hiring fell from a revised 147,000 in April. The unemployment rate stayed at 4.2%. Trump’s aggressive and unpredictable policies – especially his sweeping taxes on imports – have muddied the outlook for the economy and the job market and raised fears that the American economy could be headed toward recession. But so far the damage hasn’t shown up clearly in government economic data.… Continue Reading

Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says

Trump tax bill will add $2.4 trillion to the deficit and leave 10.9 million more uninsured, CBO says

WASHINGTON (AP) — President Donald Trump’s big bill is likely to unleash trillions in tax cuts and slash spending, but also spike deficits by $2.4 trillion over the decade and leave some 10.9 million more people without health insurance. That’s according to a new analysis released Wednesday by the nonpartisan Congressional Budget Office. The findings are raising political stakes for the GOP’s signature domestic priority. GOP senators were heading for an afternoon meeting with Trump at the White House. Republican leaders are determined to muscle the package through Congress by his July Fourth deadline. But billionaire Elon Musk is trashing the package — posting “Kill the bill” and Democrats are piling on their own opposition.… Continue Reading

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