Category Archives: World/National

Trump administration releases FBI records on MLK Jr. despite his family’s opposition

Trump administration releases FBI records on MLK Jr. despite his family’s opposition

Martin Luther King Jr.’s two living children are urging people to tread lightly with a newly released trove of records related to their father’s assassination. Martin Luther King III and Bernice King opposed the Trump administration’s decision to release more than 240,000 pages of records concerning the slain civil rights leader. King’s children noted that their father was the victim of sometimes illegal surveillance by then-FBI chief J. Edgar Hoover, who viewed King as a radical. Some civil rights activists said Trump is using the King files to distract from his own troubles related to Jeffrey Epstein.… Continue Reading

US stocks set more records as Verizon begins a big week for profit reports with a beat

US stocks set more records as Verizon begins a big week for profit reports with a beat

NEW YORK (AP) — U.S. stocks are rising toward more records ahead of a week full of profit updates from big U.S. companies. The S&P 500 rose 0.6% Monday and was above its all-time high set on Thursday. The Dow Jones Industrial Average climbed 217 points, and the Nasdaq composite added 0.7% to its own record. Verizon Communications helped lead the way following its better-than-expected profit report. Other market heavyweights slated to report their results for the spring this week include Alphabet, Coca-Cola and Tesla. Stock indexes were mixed in Europe but rose in much of Asia, while Treasury yields eased in the bond market.… Continue Reading

Beef prices have soared in the US — and not just during grilling season

Beef prices have soared in the US — and not just during grilling season

OMAHA, Neb. (AP) — Anyone firing up the grill this summer already knows hamburgers and steaks are expensive, but the latest numbers show prices have climbed to record highs. And experts say consumers shouldn’t expect much relief soon either. According to U.S. government data, the average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago. The average price of all uncooked beef steaks rose 8% to $11.49 per pound. But this is not a recent phenomenon. Beef prices have been steadily rising over the past 20 years because the supply of cattle remains tight while beef remains popular. That’s not likely to change.… Continue Reading

Chevron gets go ahead for $53B Hess deal, and access to one of the biggest oil finds this decade

Chevron gets go ahead for $53B Hess deal, and access to one of the biggest oil finds this decade

HOUSTON (AP) — Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade. Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of Commerce in Paris. Exxon had challenged Chevron’s bid for Hess, one of three companies with access to the massive Stabroek Block oil field off the coast of Guyana. Guyana is a country of 791,000 people that is poised to become the world’s fourth-largest offshore oil producer, placing it ahead of Qatar, the United States, Mexico and Norway. It has become a major producer in recent years.… Continue Reading

Wall Street hangs near its record as PepsiCo and United Airlines fly and health care stocks sink

Wall Street hangs near its record as PepsiCo and United Airlines fly and health care stocks sink

NEW YORK (AP) — Wall Street is hanging near its records following some better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies. The S&P 500 rose 0.2% Thursday and was just below its all-time high set last week. The Dow Jones Industrial Average added 59 points, and the Nasdaq composite tacked 0.1% onto its record set the day before. PepsiCo jumped after delivering revenue and profit that topped Wall Street’s expectations. That helped offset drops for some big health care companies following their latest profit reports. Treasury yields were mixed after better-than-expected reports on retail sales and unemployment claims.… Continue Reading

An Alaska tsunami warning had residents scrambling for high ground after 7.3 magnitude earthquake

An Alaska tsunami warning had residents scrambling for high ground after 7.3 magnitude earthquake

ANCHORAGE, Alaska (AP) — Communities along a 700-mile stretch of Alaska’s southern coast ordered their residents to higher ground after a powerful earthquake, but officials quickly downgraded and then canceled a tsunami warning in the area. There were no immediate reports of significant damage. Officials said the earthquake, with a preliminary magnitude of 7.3, struck at 12:37 p.m. local time south of Sand Point. The first waves were projected to land there, but the state’s emergency management division said an hour after the quake that it had received no reports of damage. The earthquake was reportedly felt as far away as Anchorage, almost 600 miles to the northeast.… Continue Reading

Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating that idea in private

Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating that idea in private

WASHINGTON (AP) — President Donald Trump says he’s “highly unlikely” to fire Federal Reserve Chair Jerome Powell. His public statement Wednesday came less than 24 hours after suggesting in a private meeting that he was leaning in favor of dismissing Powell. Trump confirmed to reporters that in a White House meeting Tuesday night with about a dozen House Republicans, he’d discussed the “concept” of dismissing Powell. The Fed chair has long been a target because of his refusal to lower interest rates as Trump wants. Trump’s team recently has accused Powell of mismanaging a $2.5 billion renovation project at the Fed. Trump said Wednesday he’s “highly unlikely” to dismiss Powell — ”unless he has to leave for fraud.”… Continue Reading

Trump slams his own supporters as ‘weaklings’ for falling for what he now calls the Epstein ‘hoax’

Trump slams his own supporters as ‘weaklings’ for falling for what he now calls the Epstein ‘hoax’

NEW YORK (AP) — President Donald Trump is lashing out at his own supporters as he tries to clamp down on criticism over his administration’s handling of much-hyped records in Jeffrey Epstein’s sex trafficking investigation. And Trump told reporters Wednesday that “it’s all been a big hoax” that, in his words, has been ”perpetrated by the Democrats.” He says “some stupid Republicans and foolish Republicans” have fallen “into the net.” The Justice Department and the FBI say Epstein didn’t maintain a “client list” and that no more files related to the investigation would be made public despite promises from Attorney General Pam Bondi that had raised the expectations of conservative influencers and conspiracy theorists.… Continue Reading

Senate votes to move ahead with Trump’s request for $9 billion in spending cuts

Senate votes to move ahead with Trump’s request for $9 billion in spending cuts

WASHINGTON (AP) — Senate Republicans have advanced President Donald Trump’s request to cancel some $9 billion in previously approved spending. They overcame concerns from some lawmakers about what the rescissions could mean for impoverished people around the globe and for local public radio and television stations in their home states. The Senate vote was 50-50, with Vice President JD Vance breaking the tie. Proponents described the bill as a first step in putting the nation’s fiscal house in order. Democrats questioned their intent given that Republicans just passed a major tax and spending cut bill that is expected to increase federal deficits by an estimated $3.4 trillion over the coming decade.… Continue Reading

Pam Bondi dodges questions on Epstein and Bongino amid Justice Department turmoil

Pam Bondi dodges questions on Epstein and Bongino amid Justice Department turmoil

ARLINGTON, Va. (AP) — Attorney General Pam Bondi refused to answer questions Tuesday about investigate files related to Jeffrey Epstein and her clash with a top FBI official. She’s seeking to press ahead with a business-as-usual approach in the face of right-wing outrage that has plunged the Justice Department into turmoil. Bondi was pressed by reporters at an announcement touting drug seizures. The Trump administration is struggling to contain the fallout of a decision not to release any more records related to the wealthy financier’s sex trafficking investigation.… Continue Reading

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