Category Archives: WPTF News

US stocks sink under the weight of rising pressure from the bond market

US stocks sink under the weight of rising pressure from the bond market

NEW YORK (AP) — Wall Street fell under the weight of pressure from the bond market. The S&P 500 slipped 0.7% Tuesday. The Dow Jones Industrial Average lost 0.5%, and the Nasdaq composite dropped 0.8%. Big Tech stocks that have received criticism after their prices shot higher in recent years were the heaviest weights on the market. Rising yields in the bond market cranked up the pressure for all kinds of stocks. Worries about mounting debt loads for governments worldwide, plus President Donald Trump’s attacks on the Federal Reserve, have pushed yields higher. When bonds pay more interest, investors are less willing to pay high prices for stocks.… Continue Reading

US stocks sink under the weight of rising pressure from the bond market

US stocks sink under the weight of rising pressure from the bond market

NEW YORK (AP) — Wall Street fell under the weight of pressure from the bond market. The S&P 500 slipped 0.7% Tuesday. The Dow Jones Industrial Average lost 0.5%, and the Nasdaq composite dropped 0.8%. Big Tech stocks that have received criticism after their prices shot higher in recent years were the heaviest weights on the market. Rising yields in the bond market cranked up the pressure for all kinds of stocks. Worries about mounting debt loads for governments worldwide, plus President Donald Trump’s attacks on the Federal Reserve, have pushed yields higher. When bonds pay more interest, investors are less willing to pay high prices for stocks.… Continue Reading

North Korea’s Kim Jong Un travels to Beijing to watch military parade alongside Putin and Xi Jinping

North Korea’s Kim Jong Un travels to Beijing to watch military parade alongside Putin and Xi Jinping

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un is on his way to Beijing by train to attend a military parade with his Chinese and Russian counterparts, an event that could demonstrate their potential three-way unity against the United States. The North’s official Korean Central News Agency reported early Tuesday that Kim left Pyongyang for Beijing by his special train on Monday to participate in celebrations of the 80th anniversary of the end of the World War II. Kim and Russian President Vladimir Putin are among the 26 world leaders who’ll join Chinese President Xi Jinping to watch Wednesday’s massive military parade in Beijing.… Continue Reading

Belichick loses college coaching debut as TCU uses 2 defensive TDs to beat UNC 48-14

Belichick loses college coaching debut as TCU uses 2 defensive TDs to beat UNC 48-14

CHAPEL HILL, N.C. (AP) — Bud Clark had a first-half pick-six and Kevorian Barnes had a 75-yard touchdown run on the first second-half snap to help TCU spoil Bill Belichick’s college coaching debut by rolling past North Carolina 48-14 on Monday night. The 73-year-old Belichick had won six Super Bowl titles in a 24-year run as head coach of the NFL’s New England Patriots. His Tar Heels scored on the first possession but TCU took over with 41 unanswered points. That included Devean Deal joining Clark with a defensive touchdown on a fumble return in a third quarter that turned the game into a romp.… Continue Reading

Belichick loses college coaching debut as TCU uses 2 defensive TDs to beat UNC 48-14

Belichick loses college coaching debut as TCU uses 2 defensive TDs to beat UNC 48-14

CHAPEL HILL, N.C. (AP) — Bud Clark had a first-half pick-six and Kevorian Barnes had a 75-yard touchdown run on the first second-half snap to help TCU spoil Bill Belichick’s college coaching debut by rolling past North Carolina 48-14 on Monday night. The 73-year-old Belichick had won six Super Bowl titles in a 24-year run as head coach of the NFL’s New England Patriots. His Tar Heels scored on the first possession but TCU took over with 41 unanswered points. That included Devean Deal joining Clark with a defensive touchdown on a fumble return in a third quarter that turned the game into a romp.… Continue Reading

Trump plans a hefty tax on imported drugs, risking higher prices and shortages

Trump plans a hefty tax on imported drugs, risking higher prices and shortages

WASHINGTON (AP) — President Donald Trump has plastered taxes on products from almost every country on earth. He’s targeted specific imports, too. But he isn’t done yet. Trump has promised another round of hefty import taxes on a category of products he’s so far spared in his trade war with the world: pharmaceuticals. For decades, in fact, imported medicine has mostly been allowed to enter the United States duty free. Now the president is threatening duties of 200% or more on foreign drugs. That could disrupt complex and fragile supply chains, drive cheap foreign-made generic drugs out of the U.S., create drug shortages and raise American drug prices.… Continue Reading

Bill Belichick won big in the NFL. Can he do it as a rookie college coach at North Carolina?

Bill Belichick won big in the NFL. Can he do it as a rookie college coach at North Carolina?

CHAPEL HILL, N.C. (AP) — North Carolina is set for its football debut under Bill Belichick. The Tar Heels open the season Monday against TCU. That will mark the first game at the college level for Belichick after spending his entire coaching career in the NFL. Belichick led the New England Patriots to six Super Bowl titles during a 24-year run there. Now he’s recruiting high school players and meeting with school donors. It’s all part of a bet by UNC that the 73-year-old college rookie can elevate its football program. That includes paying Belichick $10 million guaranteed for each of the next three years.… Continue Reading

Trump is cutting 500-plus jobs at Voice of America and its parent agency despite legal challenges

Trump is cutting 500-plus jobs at Voice of America and its parent agency despite legal challenges

WASHINGTON (AP) — The agency that oversees Voice of America and other government-funded international broadcasters says it’s eliminating jobs for more than 500 employees. That word came late Friday and could ratchet up a monthslong legal challenge over the news outlets’ fate. A federal judge on Thursday had blocked the administration from removing Michael Abramowitz as VOA director. And the same judge earlier in the week had ruled that the Trump administration had failed to show how it was complying with his orders to restore VOA operations.… Continue Reading

Sayin, defense propel No. 3 Ohio State past top-ranked Texas 14-7

Sayin, defense propel No. 3 Ohio State past top-ranked Texas 14-7

COLUMBUS, Ohio (AP) — Julian Sayin had a 40-yard touchdown pass to Carnell Tate early in the fourth quarter, Ohio State got a couple of key stops in the red zone and the third-ranked Buckeyes opened the defense of their national championship with a 14-7 victory over top-ranked Texas. It was the fourth time the No. 1 team in the AP preseason poll has met the previous season’s national champion in the opener. The defending champ has won the last three. Arch Manning completed 17 of 30 passes for 170 yards, a touchdown and an interception for the Longhorns.… Continue Reading

Stocks pull back from their latest all-time highs on Wall Street

Stocks pull back from their latest all-time highs on Wall Street

Stocks lost ground on Wall Street a day after the market hit its latest all-time highs. The S&P 500 fell 0.6% Friday. The index ended August up 1.9%, its fourth straight month of gains. The Dow Jones Industrial Average fell 92 points, or 0.2%. The Nasdaq composite fell 1.2%. Treasury yields were mixed in the bond market. The government said prices mostly held steady last month. European markets were mostly lower and Asian markets closed mixed. U.S. markets will be closed on Monday for the Labor Day holiday.… Continue Reading

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