Category Archives: World/National

Trump, Cook to announce Apple is investing another $100 billion in the U.S.

Trump, Cook to announce Apple is investing another $100 billion in the U.S.

WASHINGTON (AP) — Apple CEO Tim Cook is joining President Donald Trump at the White House on Wednesday to announce a commitment by the tech company to increase its investment in U.S. manufacturing by an additional $100 billion over the next four years. As part of the Apple announcement, the investments will be about bringing more of its supply chain and advanced manufacturing to the United States as part of an initiative called the American Manufacturing Program, but it is not a full commitment to build its popular iPhone device domestically.… Continue Reading

Trump envoy Witkoff meets Putin ahead of Russia-Ukraine peace deadline, the Kremlin says

Trump envoy Witkoff meets Putin ahead of Russia-Ukraine peace deadline, the Kremlin says

The Kremlin says Russian President Vladimir Putin is holding talks with U.S. President Donald Trump’s special envoy Steve Witkoff. A meeting between Putin and Witkoff lasted about three hours Wednesday. Neither side gave an immediate readout of the talks. The meeting comes days before the White House’s deadline for Russia to reach a peace deal with Ukraine. Russia potentially faces severe economic penalties that could also hit countries buying its oil. Trump’s deadline for Putin ends Friday. Washington has threatened severe tariffs and other penalties if the conflict in Ukraine continues.… Continue Reading

US stocks slip following the latest discouraging signal on the economy

US stocks slip following the latest discouraging signal on the economy

NEW YORK (AP) — U.S. stock indexes slipped following the latest discouraging signal on the U.S. economy. The S&P 500 fell 0.5% Tuesday, coming off a whipsaw stretch where it followed its worst day since May with its best since May. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite fell 0.7%. A weaker-than-expected report on activity for U.S. services businesses added to worries that President Donald Trump’s tariffs may be hurting the economy. But hopes for coming cuts to interest rates by the Federal Reserve, along with a stream of stronger-than-expected profit reports from U.S. companies, helped keep the losses in check.… Continue Reading

Titan submersible disaster that killed 5 on way to Titanic ruins was preventable, Coast Guard says

Titan submersible disaster that killed 5 on way to Titanic ruins was preventable, Coast Guard says

PORTLAND, Maine (AP) — The Coast Guard’s report on the Titan submersible disaster that killed five on the way to the Titanic says the implosion was “preventable.” The Coast Guard released the findings Tuesday from its highest level of investigation. The disappearance of the Titan in 2023 off Canada led to a search that grabbed worldwide attention. The Titan was owned by OceanGate, a private company based in Washington state. The operator of the submersible, OceanGate head Stockton Rush, was among the five on board who died. The submersible disaster has led to lawsuits and calls for tighter regulation of the developing private deep sea expedition industry.… Continue Reading

Dow leaps 585 points as US stocks win back most of Friday’s wipeout

Dow leaps 585 points as US stocks win back most of Friday’s wipeout

NEW YORK (AP) — U.S. stocks rallied and won back most of their sharp loss from last week. The S&P 500 jumped 1.5% Monday to follow up its worst day since May with its best since May. The Dow Jones Industrial Average climbed 585 points, or 1.3%, and the Nasdaq composite leaped 2%. Gains for Tyson Foods and other companies following their better-than-expected profit reports helped offset a drop for Berkshire Hathaway. This upcoming week may have fewer fireworks on Wall Street than last week, which was punctuated by a disappointingly weak report on the U.S. job market.… Continue Reading

Trump seeks to fire official overseeing jobs data after weak employment report

Trump seeks to fire official overseeing jobs data after weak employment report

WASHINGTON (AP) — President Donald Trump said Friday that he has directed his team to fire the head of the agency that produces the monthly jobs figures, after a weak report showed hiring slowed and was much weaker in April and May than previously reported. Trump in a post on his social media platform alleged that the figures were manipulated for political reasons and said that Erika McEntarfer, the director of the Bureau of Labor Statistics, who was appointed by former President Joe Biden, should be fired.… Continue Reading

Trump announces 90-day negotiating period with Mexico as 25% tariff rates stay in place

Trump announces 90-day negotiating period with Mexico as 25% tariff rates stay in place

WASHINGTON (AP) — President Donald Trump says there will be a 90-day negotiating period with Mexico over trade as 25% tariffs stay in place. Trump posted online Thursday a phone conversation with Claudia Sheinbaum was “very successful in that, more and more,” they’re “getting to know and understand each other.” Trump says goods from Mexico imported into the U.S. will continue to face a 25% tariff he has ostensibly linked to fentanyl trafficking. The Republican president says autos face a 25% tariff, while copper, aluminum and steel are taxed at 50%. Trump had threatened tariffs of 30% on goods from Mexico, something Sheinbaum says Mexico gets to stave off for the next three months.… Continue Reading

Federal Reserve leaves interest rates unchanged even as Trump demands cuts

Federal Reserve leaves interest rates unchanged even as Trump demands cuts

WASHINGTON (AP) — The Federal Reserve is leaving its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed’s decision Wednesday leaves its key short-term rate at about 4.3%, where it has stood after the central bank reduced it three times last year. Chair Jerome Powell has said the Fed would likely have cut rates already if not for Trump’s sweeping tariffs. Powell and other Fed officials say they want to see how Trump’s duties on imports will impact inflation and the broader economy. Two Fed governors dissented in favor of a cut.… Continue Reading

Former Vice President Kamala Harris says she will not run for California governor in 2026

Former Vice President Kamala Harris says she will not run for California governor in 2026

LOS ANGELES (AP) — Former Vice President Kamala Harris says she will not run for California governor next year, leaving open the possibility that she could mount a third run for the White House in 2028. The Democrat’s decision, announced Wednesday, extends a guessing game about her political future that started after she lost last year’s presidential election to Donald Trump. She has not ruled out another run for president, after unsuccessful bids in 2020 and 2024. It’s not known when she will make that decision.… Continue Reading

Recent News

Powered By SoCast