Category Archives: World/National

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

Trump urges senators to get his big tax bill done by July 4th

Trump urges senators to get his big tax bill done by July 4th

WASHINGTON (AP) — President Donald Trump wants his “big, beautiful” bill of tax breaks and spending cuts on his desk to be signed into law by Independence Day. And he’s pushing the slow-rolling Senate to make it happen sooner rather than later. Trump met with Senate Majority Leader John Thune at the White House earlier this week and has been dialing senators for one-on-one chats, using both the carrot and stick to encourage them to act. But it’s still a long road ahead for the bill. Senators want to make changes to protect Medicaid and ensure some tax breaks become permanent. Elon Musk called the whole bill a “disgusting abomination.”… Continue Reading

Ukraine’s drone attack on Russian warplanes was a serious blow to the Kremlin’s strategic arsenal

Ukraine’s drone attack on Russian warplanes was a serious blow to the Kremlin’s strategic arsenal

A surprise Ukrainian drone attack that targeted Russian air bases hosting nuclear-capable strategic bombers was unprecedented in its scope and sophistication, and dealt a heavy blow to the Russian military. Ukraine said more than 40 bombers were damaged or destroyed Sunday. That’s about a third of Russia’s strategic fleet. The Russian military said only several planes were damaged. The conflicting claims couldn’t be independently verified. But the bold attack demonstrated Ukraine’s capability to hit high-value targets anywhere on Russian territory, dealing a humiliating blow to the Kremlin and inflicting significant losses to Moscow’s arsenal in the 3-year-old war.… Continue Reading

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