Tag Archives: donald trump

Gains for tech stocks push Nasdaq to another record

Gains for tech stocks push Nasdaq to another record

A rally in big tech stocks led Wall Street to a higher close, lifting the Nasdaq to another all-time high. The S&P 500 rose 0.6% Wednesday. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite rose 0.9%. Nvidia became the first public company to top $4 trillion in value. Merck rose after announcing it would buy Verona Pharma, a U.K. company that focuses on respiratory diseases. Copper prices eased after spiking a day earlier as President Donald Trump said he would impose 50% tariffs on imports of the metal. Treasury yields slipped in the bond market.… Continue Reading

Troops and federal agents briefly descend on LA’s MacArthur Park in largely immigrant neighborhood

Troops and federal agents briefly descend on LA’s MacArthur Park in largely immigrant neighborhood

LOS ANGELES (AP) — Dozens of federal officers in tactical gear roamed a mostly empty park in a Los Angeles neighborhood with a large immigrant population for about an hour before clearing out. It wasn’t immediately known if any arrests were made Monday. Defense officials had said about 90 members of the California National Guard and over a dozen military vehicles would help protect immigration officers as they carried out a raid in MacArthur Park. Mayor Karen Bass called it a “political stunt,” and said: “What I saw in the park today looked like a city under siege, under armed occupation.”… Continue Reading

Musk says he’s forming a new political party after split with Trump over tax cuts law

Musk says he’s forming a new political party after split with Trump over tax cuts law

BRIDGEWATER, N.J. (AP) — Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law. Musk, once a ever-present ally to Trump as he headed up the slashing agency known as the Department of Government Efficiency, broke with the Republican president over his signature legislation, which was signed into law Friday. Trump on Sunday called Musk’s third-party effort “ridiculous.”… Continue Reading

Trump signs his tax and spending cut bill at the White House July 4 picnic

Trump signs his tax and spending cut bill at the White House July 4 picnic

WASHINGTON (AP) — President Donald Trump has signed his signature bill of tax and spending cuts at the White House Fourth of July picnic. He’s taking a victory lap after muscling his main legislative priority through the Republican-controlled Congress. Fighter jets and a stealth bomber streaked through the sky over the picnic as Trump and first lady Melania Trump stepped out onto the White House balcony. The legislation extends Trump’s 2017 multi-trillion dollar tax cuts and cuts Medicaid and food stamps by $1.2 trillion. It provides for a massive increase in immigration enforcement. Congress’ nonpartisan scorekeeper projects that nearly 12 million more people will lose health insurance under the law.… Continue Reading

The House gives final approval to Trump’s big tax bill in a milestone for his second-term agenda

The House gives final approval to Trump’s big tax bill in a milestone for his second-term agenda

WASHINGTON (AP) — House Republicans have propelled President Donald Trump’s multitrillion-dollar tax breaks and spending cuts bill to final congressional passage. Republicans overcame multiple setbacks to approve his signature second-term policy package Thursday before a Fourth of July deadline. GOP leaders worked overnight, and the president himself leaned on a handful of skeptics to drop their opposition and send the bill to his desk to become law. Democratic leader Hakeem Jeffries of New York delayed voting for more than eight hours with a record-breaking speech against the bill. It’s $4.5 trillion in tax breaks, with $1.2 trillion in cuts to government programs. The president is expected to sign it into law Friday.… Continue Reading

Medicaid, food aid recipients worry about safety net cuts in bill sent to Trump

Medicaid, food aid recipients worry about safety net cuts in bill sent to Trump

JEFFERSON CITY, Mo. (AP) — The nation’s social safety net would face massive changes under a bill headed to President Donald Trump’s desk. There would be a work requirement for many people to get or keep Medicaid health insurance, and a similar requirement for older adults to receive food assistance. Paperwork requirements would also increase. Planned Parenthood could no longer get federal funding for its non-abortion health services. The nonpartisan Congressional Budget Office says that by 2034, the bill would result in nearly 12 million more uninsured people in the U.S. Supporters say the measures will save taxpayers money, enhance personal responsibility and block fraud.… Continue Reading

Supreme Court will take up a new case about which school sports teams transgender students can join

Supreme Court will take up a new case about which school sports teams transgender students can join

WASHINGTON (AP) — Just two weeks ago, the Supreme Court upheld a ban on gender-affirming care for transgender youth. On Thursday, the justices said they’ll review lower court rulings in favor of transgender athletes in Idaho and West Virginia. The case will be argued in the fall. West Virginia’s attorney general calls it “a great day, as female athletes in West Virginia will have their voices heard.” Lawyers on the other side say they stand ready to defend the lower-court rulings. More than two dozen states have enacted laws restricting transgender women and girls from participating in certain sports. Some of these laws have been blocked in court.… Continue Reading

How an empty North Carolina rural hospital explains a GOP senator’s vote against Trump’s tax bill

How an empty North Carolina rural hospital explains a GOP senator’s vote against Trump’s tax bill

WASHINGTON (AP) — An empty hospital in Williamston, North Carolina, offers an evocative illustration of why Republican Sen. Thom Tillis would buck his party and its leaders to vote down President Trump’s signature domestic policy package. It’s one of a dozen hospitals that have closed in North Carolina over the last two decades. It’s a problem that hospital systems and health experts warn may only worsen if the “One Big Beautiful Act,” passes with its $1 trillion cuts to the Medicaid program and new restrictions on enrollment in the coverage. Across the country, 200 hospitals have shut down or reduced their services over the last two decades. Many of these closures occur in red states that have declined to expand Medicaid coverage, the health insurance program for the poorest Americans.… Continue Reading

Tesla sales plunge again as anti-Musk boycott shows staying power and rivals pounce on the weakness

Tesla sales plunge again as anti-Musk boycott shows staying power and rivals pounce on the weakness

NEW YORK (AP) — Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk’s political views continue to keep buyers away. Tesla is also facing stiff competition from other electric vehicle makers, especially in Europe where China’s BYD has taken a bite out of its market share. The 13% plunge in sales reported Wednesday adds to growing signs that Musk’s embrace of U.S. President Donald Trump and far-right politicians in Europe has had a deep and enduring impact to Tesla’s brand appeal. Sales fell to 384,122 in April through June, down from 443,956 in the same period last year.… Continue Reading

Trump says migrants would need to know ‘how to run away from an alligator’ to flee Florida facility

Trump says migrants would need to know ‘how to run away from an alligator’ to flee Florida facility

OCHOPEE, Fla. (AP) — President Donald Trump toured an isolated new immigration detention surrounded by alligator-filled swamps in Florida’s Everglades. He suggested during Tuesday’s tour that the site could be a model for future lockups nationwide, as his administration races to expand the infrastructure necessary for increasing deportations. Trump called the lockup “Alligator Alcatraz.” That’s a moniker that has alarmed immigrant activists but appeals to the White House’s aggressive approach to deportations. Trump delighted in the area’s allegators. He even said of migrants that will soon be held at the center, “We’re going to teach them how to run away from an alligator if they escape prison.”… Continue Reading

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