Category Archives: WPTF News

Powell signals Fed may cut rates soon even as inflation risks remain

Powell signals Fed may cut rates soon even as inflation risks remain

JACKSON HOLE, Wyo. (AP) — Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy. In a high-profile speech closely watched at the White House and on Wall Street, Powell said that there are risks of both rising unemployment and stubbornly higher inflation. Yet he suggested that with hiring sluggish, the job market could weaken further.… Continue Reading

Panthers re-sign longtime RT Taylor Moton to a 2-year, $44M extension, AP sources says

Panthers re-sign longtime RT Taylor Moton to a 2-year, $44M extension, AP sources says

CHARLOTTE N.C. (AP) — Taylor Moton is staying in Carolina. The Panthers announced Friday they’ve given their durable longtime right tackle a two-year contract extension that will keep him with the team through the 2027 season. Moton will make $44 million over the next two years including $40 million in guaranteed money, a person familiar with the situation told The Associated Press. The person spoke to the AP on condition of anonymity because the team typically does not release financial details of contracts. The deal means the Panthers have all five starting offensive linemen under contract at least through the 2026 season.… Continue Reading

Trump says he’ll keep extending TikTok shutdown deadline

Trump says he’ll keep extending TikTok shutdown deadline

WASHINGTON (AP) — President Donald Trump is calling national security and privacy concerns related to TikTok and its Chinese parent company highly overrated. He said he’ll keep extending the deadline for the popular video sharing platform until there’s a buyer. Congress approved a U.S. ban on TikTok unless its parent company, ByteDance, sold its controlling stake. But Trump has so far extended the deadline three times during his second term. The next one is on Sept. 17. His comments follow the White House starting an TikTok account this week.… Continue Reading

Managers miffed at offshore sports betting on Little League World Series

Managers miffed at offshore sports betting on Little League World Series

SOUTH WILLIAMSPORT, Pa. (AP) — At least a couple of offshore bookmakers are offering odds on games at the Little League World Series. Team managers, and Little League itself, are not pleased. In news conferences throughout the Little League World Series, U.S. team managers have voiced their displeasure with gambling on their games — players at the tournament top out at 12 years old. Little League International also released a statement last week denouncing sports betting on youth competition.… Continue Reading

Steelers beat Panthers 19-10 in preseason finale, but lose 1st-round pick Harmon to knee injury

Steelers beat Panthers 19-10 in preseason finale, but lose 1st-round pick Harmon to knee injury

CHARLOTTE, N.C. (AP) — Skylar Thompson shined in the Pittsburgh Steelers’ 19-10 preseason victory over the Carolina Panthers on Thursday night. Thompson, a former Miami Dolphin, completed 11 of 13 passes for 152 yards, including a 24-yard touchdown to Lance McCutcheon. Rookie Ben Sauls kicked four field goals. The Steelers played some starters, while the Panthers rested theirs. Steelers defensive end Derrick Harmon left the game with a knee injury. Mason Rudolph started for the Steelers, finishing 6 of 8 with an interception. Jack Plummer threw a touchdown for the Panthers. Both teams open the season Sept. 7.… Continue Reading

Hurricane Erin still stirring up dangerous waves while it moves away from the East Coast

Hurricane Erin still stirring up dangerous waves while it moves away from the East Coast

RODANTHE, N.C. (AP) — Hurricane Erin has battered North Carolina’s Outer Banks with strong winds and waves that flooded part of the main highway and surged under beachfront homes. The unusually large hurricane slowly began to move away from the East Coast on Thursday. Erin is not forecast to make landfall. Forecasters say it will slowly weaken over the next few days while turning farther out to sea. The menacing waves have closed beaches from the Carolinas to New York City on Thursday. Along the North Carolina shoreline, the storm breached sand dunes on Hatteras Island and damaged one waterfront motel. Parts of the main route linking the Outer Banks remain closed.… Continue Reading

NC State’s Dave Doeren enters Year 13 driven by milestones yet reached for the Wolfpack

NC State’s Dave Doeren enters Year 13 driven by milestones yet reached for the Wolfpack

RALEIGH, N.C. (AP) — Dave Doeren is entering his 13th season at N.C. State. He’s the winningest coach in program history and is tied for the sixth-longest tenure of any coach in the Bowl Subdivision ranks. Yet he’s still chasing a 10-win season or a trip to the Atlantic Coast Conference championship game after close calls before. This year’s team is picked to finish 10th in the 17-team ACC race. N.C. State opens the season Aug. 28 against East Carolina in an instate rivalry. It’s a rematch of the bowl game won by ECU last season.… Continue Reading

North Carolina begins its journey under Bill Belichick with a spotlight – and plenty of uncertainty

North Carolina begins its journey under Bill Belichick with a spotlight – and plenty of uncertainty

CHAPEL HILL, N.C. (AP) — Bill Belichick’s arrival in college as put the spotlight on North Carolina. Belichick is making his first college coaching stop after leading the New England Patriots to six Super Bowl titles as a head coach. Belichick’s hiring marks a bet and increased investment in football for the school. That includes paying Belichick $10 million guaranteed for three years in a five-year deal. The Tar Heels are picked to finish eighth in the 17-team Atlantic Coast Conference. They open the season on Labor Day in a college version of Monday night football against TCU.… Continue Reading

Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target

Tariffs aren’t keeping Walmart from attracting shoppers and outpacing Target

NEW YORK (AP) — Walmart is showing it can keep pulling in shoppers and outpacing rivals like Target in an uncertain economic environment. and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target. The nation’s largest retailer delivered solid second-quarter financial results on Thursday. It reported a 4.6% quarterly increase in comparable sales, or those coming from established stores and online channels. Company executives say Walmart is attracting customers with fast deliveries, grocery discounts and trendier clothes. The earnings of the Bentonville, Arkansas, company differed notably from those of Target, which on Wednesday reported another quarter of comparable sales declines.… Continue Reading

Appeals court throws out massive civil fraud penalty against President Donald Trump

Appeals court throws out massive civil fraud penalty against President Donald Trump

NEW YORK (AP) — President Donald Trump is declaring victory now that an appeals court has thrown out the massive civil fraud penalty against him. But the court has upheld other punishments, such as banning Trump and his two eldest sons from serving in corporate leadership for a few years. A five-judge panel ruled Thursday in New York state’s lawsuit accusing the businessman-turned-politician of exaggerating his wealth. The decision in New York’s mid-level Appellate Division altered a verdict that stood to cost Trump more than $515 million and rock his real estate empire. The Republican president says the case and the verdict were political moves by Democrats. New York’s attorney general says the court affirmed the finding Trump was liable for fraud.… Continue Reading

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