Category Archives: World/National

Americans increased spending tepidly last month as anxiety over the economy takes hold

Americans increased spending tepidly last month as anxiety over the economy takes hold

WASHINGTON (AP) — U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount. Retail sales rose just 0.2% in February, a small rebound after a sharp drop of 1.2% in January, the Commerce Department said Monday. Sales rose at grocery stores, home and garden stores, and online retailers. Sales fell at auto dealers, restaurants, and electronics stores. The small increase suggests Americans may be growing more wary about spending as the stock market has plunged and President Donald Trump’s tariff threats and government spending cuts have led to widespread uncertainty among consumers and businesses.… Continue Reading

St. Patrick’s Day brings boisterous parades and celebrations to New York and other cities

St. Patrick’s Day brings boisterous parades and celebrations to New York and other cities

NEW YORK (AP) — St. Patrick’s Day is being marked in cities across the country with boisterous parades and celebrations. New York City hosts one of the largest and oldest parades in the U.S. The celebration stepped off Monday along Manhattan’s famed Fifth Avenue with some 150,000 participants. Major celebrations are also planned in Savannah, Georgia and other American communities. But some major cities have already held their parades. Chicago’s celebration was Saturday. Boston and Philadelphia marked the occasion Sunday. St. Patrick’s Day parades are meant to commemorate Ireland’s patron saint but have become a celebration of Irish heritage globally.… Continue Reading

Trump orders strikes on Iran-backed Houthi rebels in Yemen and issues new warning

Trump orders strikes on Iran-backed Houthi rebels in Yemen and issues new warning

WEST PALM BEACH, Fla. (AP) — The Iran-backed Houthi rebels in Yemen say a series of airstrikes have hit the capital, Sanaa, on Saturday evening. U.S. President Donald Trump, in a social media post, says he ordered the airstrikes. The Houthis say 13 civilians have been killed. The airstrikes come a few days after the Houthis said they would resume attacks on Israeli vessels sailing in waters off Yemen in response to Israel’s blockade on Gaza. There have been no Houthi attacks reported since then. Images circulating online show plumes of black smoke over the area of the Sanaa airport complex, which includes a sprawling military facility.… Continue Reading

Trump signs a bill funding the government for 6 months, avoiding a shutdown

Trump signs a bill funding the government for 6 months, avoiding a shutdown

WASHINGTON (AP) — President Donald Trump has signed into law legislation funding the government through the end of September. His signature Saturday ends the threat of a partial government shutdown and caps off a struggle in Congress that deeply divided Democrats. The bill largely keeps government funding at levels set during Joe Biden’s presidency, though with changes. It trims non-defense spending by about $13 billion from the previous year and increases defense spending by about $6 billion. The Senate cleared the legislation on Friday in a 54-46 party line vote, with Democrats helping advance it despite problems with the bill.… Continue Reading

Wall Street tumbles after Trump escalates his trade war; S&P 500 sinks 1.2%, and Dow drops 500

Wall Street tumbles after Trump escalates his trade war; S&P 500 sinks 1.2%, and Dow drops 500

NEW YORK (AP) — Wall Street’s sell-off is accelerating after President Donald Trump upped the stakes in his trade war. Not even a double-shot of good news on the U.S. economy could stop the bleeding, and the S&P 500 fell 1.2% Thursday. The index is threatening to close more than 10% below its record, which would be its first such drop since 2023. The Dow Jones Industrial Average fell 507 points, and the Nasdaq composite lost 1.6%. Trump’s escalating trade war is raising worries about the economy’s strength, though reports came in better than expected during the morning on both inflation and joblessness in the United States.… Continue Reading

Putin agrees in principle with proposal for Ukraine ceasefire and says more discussions are needed

Putin agrees in principle with proposal for Ukraine ceasefire and says more discussions are needed

Russian President Vladimir Putin said he agrees in principle with a U.S. proposal for a 30-day ceasefire in Ukraine. But he emphasized that the terms are yet to be worked out and noted that any truce should pave the way to lasting peace. Putin spoke Thursday at a news conference in Moscow. He said more discussions are needed with the U.S., including President Donald Trump. In Washington, Trump offered guarded optimism about Putin’s statement and reiterated that he stood ready to speak with him. The Russian leader made the remarks just hours after the arrival of Trump’s special envoy, Steve Witkoff, in Moscow for talks.… Continue Reading

Trump threatens retaliatory 200% tariff on European wine after EU proposes American whiskey tax

Trump threatens retaliatory 200% tariff on European wine after EU proposes American whiskey tax

WASHINGTON (AP) — American retailers say President Donald Trump’s threatened 200% tariff on European wine would harm consumers. Holly Seidewand owns First Fill Spirits in New York state and says a tariff war hurts importers, distributors and retailers but “consumers will bear the brunt of it.” Ronnie Sanders is CEO of Vine Street Imports in New Jersey and says customers aren’t prepared to pay two or three times more for their favorite wine. Trump on Thursday called the EU among “the most hostile and abusive taxing and tariffing authorities.” Because of the Republican president’s threat, a previously untariffed $15 bottle of Italian Prosecco could cost $45. The European Commission says Europe wants to “negotiate to avoid tariffs.”… Continue Reading

US inflation cooled last month, though trade war threatens to lift prices

US inflation cooled last month, though trade war threatens to lift prices

WASHINGTON (AP) — U.S. inflation slowed last month for the first time since September even as additional tariffs on steel and aluminum kicked in Wednesday that could send prices higher. The consumer price index increased 2.8% in February from a year ago, Wednesday’s report from the Labor Department showed, down from 3% the previous month. Core prices, which exclude the volatile food and energy categories, rose 3.1% from a year earlier, down from 3.3% in January. The core figure is the lowest in nearly four years. The declines were larger than economists expected, according to a survey by data provider FactSet.… Continue Reading

US resumes military aid and intelligence sharing as Ukraine says it is open to a 30-day ceasefire

JEDDAH, Saudi Arabia (AP) — The Trump administration says it will immediately lift its suspension of military aid to Ukraine and intelligence sharing with Kyiv. The announcement came Tuesday, a week after the measures were imposed to push Ukrainian President Volodymyr Zelenskyy to enter talks to end the war with invading Russian forces. In a joint statement released following a lengthy day of talks between Ukraine and the United States in Saudi Arabia, Ukraine also said it was open to a 30-day ceasefire in the war with Russia, subject to Kremlin agreement. U.S. Secretary of State Marco Rubio and national security adviser Mike Waltz both said the discussions in Jeddah had been positive.… Continue Reading

Trump halts doubling of tariffs on Canadian metals, after Ontario suspends electricity price hikes

Trump halts doubling of tariffs on Canadian metals, after Ontario suspends electricity price hikes

WASHINGTON (AP) — President Donald Trump says he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada. He’s escalating a trade war with the United States’ northern neighbor and standing unmoved by recent stock market turmoil and rising recession risks. Trump said on social media that the increase of the tariffs set to take effect on Wednesday is a response to the price hikes that the provincial government of Ontario put on electricity sold to the United States. That prompted Ontario on Tuesday to back down on its planned surcharges on electricity sold to the United States.… Continue Reading

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