Congressional elections live updates: Republicans win Senate majority
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Republicans win control of the U.S. Senate for the first time in four years; AP Race Call: Republican Deb Fischer wins reelection in Nebraska; AP Race Call: Ted Cruz wins Texas Senate race; Democrats flip House seats in New York; Nevada polls close nearly three hours late; Josh Riley defeats incumbent Marcus Molinaro in New York’s 19th District; Democrats gain a redistricted seat in Alabama; Republicans secure Senate control with at least 51 seats; Nancy Pelosi reelected to a 20th term; Election Day bomb threats deemed non-credible; Election results still pending in over 100 House races.

#Elections #Senate #House #Republicans #Democrats #2024 #Nevada #Texas #NewYork #Abortion

https://apnews.com/live/senate-house-election-updates-11-5-2024 

 2024 presidential election live updates: Americans head to the polls to choose between Harris or Trump
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Election Day is November 5, 2024; voters choose between Donald Trump and Kamala Harris; polls close in 6 states at 7 p.m. EST; Dixville Notch splits vote 3-3; Missouri judge rules against blocking federal election monitors; Trump votes in Palm Beach, Florida; Harris attends election night party at Howard University; 47 state attorneys general urge peaceful transfer of power; over 82 million early ballots cast; Trump rallies in Michigan and Florida; Harris campaigns in Pennsylvania; concerns of election-related violence in DC; Kamala Harris has ancestral roots in India; AP has been counting votes since 1848.

#Election2024 #Trump #Harris #Voting #DixvilleNotch #EarlyVoting #ElectionViolence #PoliticalUpdates #ApNews #UsPolitics

https://apnews.com/live/trump-harris-election-updates-11-5-2024 

 Live updates: Harris and Trump debate dominated by tense exchanges in first half
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Kamala Harris and Donald Trump debated on September 10, 2024, in Philadelphia; Trump questioned Harris' race but claimed not to care; Harris criticized Trump for his history of racial division; Trump failed to provide details on his healthcare plan; Trump exaggerated inflation and death tolls in Ukraine; Harris maintained a calm demeanor while Trump displayed aggressive body language; Trump claimed he could broker a peace deal between Russia and Ukraine; both candidates discussed immigration, crime, and the January 6 Capitol attack; Trump falsely claimed evidence shows he won the 2020 election; Harris highlighted her support from former Trump officials; the debate lacked audience reactions due to rules set by ABC News; the debate is expected to last 90 minutes.

#Harris #Trump #Debate #2024Election #Politics #Ukraine #Nato #Immigration #Crime #Healthcare

https://apnews.com/live/harris-trump-debate-election-2024-updates 

 Election 2024 live updates: Trump will speak to the press, Harris campaign launches $90 million ad effort
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Trump speaks to the press at his New Jersey golf club; Harris campaign launches $90 million ad effort; Trump claims a Harris presidency will lead to an economic crash; Trump encourages supporters to vote for him early, then calls for ‘one-day voting’; Trump claims Harris will turn the US into a ‘communist-type country’; Trump cites inflated price of grocery items; Trump lays blame over inflation at Harris’ feet; Biden and Harris make first appearance together since he dropped reelection bid and endorsed her; Vance and Walz agree to a vice presidential debate on Oct. 1 hosted by CBS News; Harris gives preview of economic policy speech she plans to deliver in North Carolina on Friday; White House says deals struck to cut prices of popular Medicare drugs; Judge rejects Donald Trump’s latest demand to step aside from hush money criminal case



https://apnews.com/live/election-2024-updates-trump-press-conference-harris-biden 

 Global tech outage live updates: Flights grounded and offices hit as internet users face disruptions
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A widespread technology outage grounded flights, knocked banks offline, and disrupted media outlets and companies around the world. The outage was caused by a faulty update deployed by cybersecurity firm CrowdStrike to computers running Microsoft Windows. The issue was not a security incident or cyberattack. The outage affected critical infrastructure and emergency operations in New York City, but transit services were unaffected. Maryland courts, offices, and facilities were closed to the public. Brazilian bank Bradesco experienced unstable digital services, while Mass General Brigham canceled nonurgent care visits. About 1,500 US flights were canceled, and some US TV stations couldn't air local news. The outage had little impact on the world economy and was called a historic mistake by CrowdStrike. Some airlines and airports reported disruptions, including delays at Berlin airport and manual check-ins at Hong Kong airport. The outage affected 911 services in some US states and caused disruptions in Canada. The London Stock Exchange experienced disruptions, but trading was not affected. The outage delayed arrivals at the Paris Olympics and caused problems at doctor's offices in the UK. Polish shipping hub Baltic Hub suspended business, and Paris airport experienced delays. Sky News in the UK went off the air but resumed broadcasting later. The outage may be related to a CrowdStrike security tool. The disruptions caused real harm, including deaths, as hospitals and essential services were affected. The outage is still ongoing, with growing disruptions in services at Visa, ADT security, Amazon, and airlines like American Airlines and Delta.

#Technology #Outage #Flights #Banks #Companies #Crowdstrike #Microsoft #EmergencyOperations #911 #LondonStockExchange #ParisAirport #Hospitals #EssentialServices

https://apnews.com/live/internet-global-outage-crowdstrike-microsoft-downtime 

 Retail sales unchanged in June from May, underscoring shoppers' resilience
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Retail sales in the US were unchanged in June from May, after being revised upward to a 0.3% increase in May, according to the Commerce Department report. Sales at gas stations and auto dealerships weighed down the figure, while online sales rose 1.9% and clothing and accessories store sales rose 0.6%. Department stores posted a 0.6% increase. Control retail sales, which excludes certain categories, rose a solid 0.9% in the month. The report suggests that consumers are still spending, driven by positive real income growth and employment. However, retailers are still seeing value-conscious consumers who are trading down and using credit cards to maintain consumption. Inflation declined 0.1% from May to June, and the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target. The report comes as there has been some upheaval in the retail landscape, with Saks Fifth Avenue agreeing to buy upscale rival Neiman Marcus Group and Macy's terminating its buyout talks with two investment firms.

#RetailSales #UsEconomy #ConsumerSpending #Inflation #Employment #SaksFifthAvenue #NeimanMarcusGroup #Macy's

https://apnews.com/article/retail-sales-july-inflation-economy-268b1edeb99a1320ad0b084d58bfeeef 

 Stock market today: Global stocks are mixed ahead of US retail sales data
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Global stocks are mixed as European markets slip and Asian stocks are mixed ahead of the release of U.S. retail sales data. Germany's DAX lost 0.6% and the CAC 40 in Paris declined 0.8%. Japan's Nikkei 225 rose 0.2% after reopening from a holiday. Hong Kong's Hang Seng index declined 1.6% and the Shanghai Composite index added 0.1%. Some economists have cut their growth forecasts for China after weaker economic data. The S&P 500 rose 0.3% and the Dow Jones Industrial Average climbed 0.5%. Bitcoin rose above $63,000 after former President Donald Trump's chances for election improved. U.S. benchmark crude oil lost 65 cents to $81.26 per barrel. The U.S. dollar rose to 158.45 Japanese yen and the euro rose to $1.0901.

#StockMarket #GlobalStocks #UsRetailSalesData

https://apnews.com/article/stock-market-rates-trump-china-2593f3112d7de5e704df65ecdae0dc84 

 The RNC's first day will still focus on the economy. Here's what to know about Trump's plans
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The first day of the Republican National Convention (RNC) is expected to focus on the economy, despite former President Donald Trump providing few details about his plans. Trump has made bold promises about the U.S. economy, but has not provided much information on how his plans would work. The RNC's first day will still prioritize the economy, even after Trump was injured at a rally in Pennsylvania. The article mentions that Trump's plans for the economy have been lacking in detail. It also highlights that the RNC's first day will still focus on the economy, despite the incident at the rally. The article does not provide specific names, numbers, or dates.

#RepublicanNationalConvention #DonaldTrump #UsEconomy

https://apnews.com/article/trump-economy-tariffs-project-2025-biden-b7fb80fd689ed773da83c80e52559b4f 

 Live updates: New details emerge about Trump rally shooting suspect
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Law enforcement officials are working to learn more about the 20-year-old who tried to assassinate Donald Trump at a rally in Butler, Pennsylvania, on Saturday. The shooter, identified as Thomas Matthew Crooks, opened fire from a nearby rooftop, killing one spectator and critically injuring two others before being shot dead by the Secret Service. The FBI believes the shooter acted alone. The AR-style rifle used in the attack was legally purchased by the gunman's father. The man who was killed at the rally was identified as Corey Comperatore, a former fire chief who protected his family during the shooting. President Biden plans to address the nation and has ordered a thorough and swift probe into the attack. The U.S. Secret Service is investigating the security failure that allowed the shooter to get close to Trump. Former U.N. Ambassador Nikki Haley will speak at the Republican National Convention. The shooter's family is cooperating with federal investigators. Attorney General Merrick Garland condemned the violence and vowed to leave no stone unturned in the investigation. The FBI is treating the shooting as an attempted assassination and an act of domestic terrorism. The shooter's political leanings are not immediately clear. Bomb-making materials were found in the shooter's vehicle and home. Global leaders have condemned the assassination attempt. Trump is in good spirits and plans to speak at the Republican National Convention. The political rhetoric and online threats have been increasing since the shooting. The military has no records of the shooter serving. House Speaker Mike Johnson called for civility and urged everyone to turn down the rhetoric. The Trump campaign has enhanced security measures and urged staff not to comment publicly on the incident. The FBI is still investigating the motive and has not found any threatening writing or social media posts from the shooter. The Buffalo Township Volunteer Fire Company is honoring the slain former chief, Corey Comperatore. A GoFundMe campaign has raised over $1 million for the victims. President Biden has postponed his trip to Texas and directed an independent review of the security at the rally. The House homeland security chair has sent a letter raising questions about the security failure. Pennsylvania Governor Josh Shapiro identified Corey Comperatore as the fatal victim. The shooter's weapon was bought by his father, and investigators are still trying to determine how he obtained it. The FBI has not yet identified any ideology behind the shooting. Trump called for unity and thanked everyone for their thoughts and prayers. The shooter was not previously on the FBI's radar. Trump landed in New Jersey and plans to spend the night at his private golf club. Law enforcement officials say the assailant was a 20-year-old man from Pennsylvania.

#Trump #Shooting #AssassinationAttempt #Fbi #SecretService #Rifle #Father #Victim #Biden #Investigation #SecurityFailure #NikkiHaley #Terrorism #BombmakingMaterials #GlobalLeaders #Rhetoric #Military #HouseSpeaker #Campaign #Gofundme #Review #GolfClub

https://apnews.com/live/election-biden-trump-campaign-updates-07-13-2024 

 Trump says he is fine after being whisked off stage following apparent gunfire at rally
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Donald Trump's campaign said he was "fine" after being whisked off the stage at a rally in Butler, Pennsylvania after apparent gunshots rang through the crowd. Trump reached for his neck and there appeared to be blood on his face. He quickly ducked behind the riser as agents rushed the stage. The crowd cheered as he got back up. His motorcade has since left the venue. Police began vacating the fairgrounds shortly after Trump left the stage. President Joe Biden was asked about the incident and responded with a simple "No." House Speaker Mike Johnson posted on X, the website formerly known as Twitter, that he was praying for Trump.

#DonaldTrump #Rally #Gunfire

https://apnews.com/article/trump-vp-vance-rubio-7c7ba6b99b5f38d2d840ed95b2fdc3e5 

 U.S. wholesale inflation picked up in June in sign that some price pressures remain elevated
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Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain high. The increase, the sharpest year-over-year increase since March 2023, comes at a time when other price indicators are showing that inflation has continued to ease. The Labor Department said Friday that its producer price index rose 0.2% from May to June after being unchanged the month before. Excluding food and energy prices, core wholesale prices increased 0.4% from May and 3% from June 2023. The increase in wholesale inflation last month was driven by a sizable 0.6% rise in services prices, led by higher profit margins for machinery and auto wholesalers. The overall prices of goods fell 0.5%, with gasoline prices tumbling 5.8% at the wholesale level. The producer price index can provide an early sign of where consumer inflation is headed. Economists also watch it because some of its components, notably health care and financial services, flow into the Federal Reserve’s preferred inflation gauge — the personal consumption expenditures, or PCE, index. Friday’s wholesale figures follow the government’s report Thursday that consumer inflation cooled in June for a third straight month. As a whole, this week’s price figures, along with other recent data, still suggest a continued slowdown in the inflation that first gripped the nation three years ago, when the economy rocketed out of the pandemic recession, leaving deep supply shortages and sending prices soaring.



https://apnews.com/article/inflation-wholesale-prices-consumer-federal-reserve-rates-6d8e19c4d9a7d75777ac720cfdf0ad53 

 Biden awards $1.7 billion to boost electric vehicle manufacturing and assembly in eight states
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The Biden administration is awarding nearly $2 billion in grants to help restart or expand electric vehicle manufacturing and assembly sites owned by General Motors, Fiat Chrysler, Volvo, and other carmakers in eight states. The Energy Department will issue grants totaling $1.7 billion to create or retain thousands of union jobs and support auto-based communities in Michigan, Pennsylvania, Georgia, Ohio, Illinois, Indiana, Maryland, and Virginia. The grants cover various aspects of the automotive supply chain, including parts for electric motorcycles and school buses, hybrid powertrains, heavy-duty commercial truck batteries, and electric SUVs. The grants are funded by the 2022 climate law and aim to ensure the future of the auto industry is made in America by American union workers. The selected projects are expected to create over 2,900 jobs and retain about 15,000 union workers across all 11 facilities. The grants come as part of President Biden's commitment to electric vehicles and his climate agenda.

#BidenAdministration #ElectricVehicles #Manufacturing #UnionJobs #AutomotiveSupplyChain #ClimateAgenda

https://apnews.com/article/electric-vehicle-manufacturing-biden-union-jobs-2acc1ce107dcec60f8596fb7dce6038e 

 Pennsylvania Supreme Court justice in courtroom for brother's federal sentencing for theft, bribery
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Former Philadelphia labor leader John Dougherty, brother of Pennsylvania Supreme Court Justice Kevin Dougherty, is being sentenced for bribing a City Council member and stealing nearly $600,000 from the union he ran. Dougherty was convicted in December of embezzlement, conspiracy, and other counts. He used the electricians' union funds for personal expenses and arranged for friends and family members to be on the union payroll. Prosecutors are seeking a prison sentence of up to 14 years and $2.1 million in restitution. Dougherty's influential backers, including his brother, testified about his charitable works and union advocacy. The sentencing is taking place in federal court in Reading, Pennsylvania.

#PennsylvaniaSupremeCourt #JohnDougherty #KevinDougherty #Bribery #Theft #Union #Sentencing

https://apnews.com/article/philadelphia-union-leader-dougherty-embezzlement-sentence-af7c11499b98b7ee5e73498052daa2b5 

 Powell stresses message that US job market is cooling, a possible signal of coming rate cut
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Federal Reserve Chair Jerome Powell reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cutting interest rates soon. Powell told the House Financial Services Committee that the Fed has an employment mandate in addition to its inflation mandate. The US job market has been cooling, with the lowest three-month hiring pace since January 2021. Powell indicated that the Fed likely wouldn't wait until inflation reached its 2% target before cutting rates. Most economists expect the first rate cut to occur in September.

#FederalReserve #Inflation #InterestRates #Economy #UsJobMarket

https://apnews.com/article/federal-reserve-inflation-powell-interest-rates-economy-e4b649e8c38f757300bc0fa01cee74c2 

 Stock market today: Wall Street drifts, yields jump and Paris stocks soar as elections drive markets
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U.S. stocks drifted to a mixed close, and yields jumped as elections drive swings in financial markets worldwide. The S&P 500 rose 0.3%, the Dow Jones Industrial Average edged up by 50 points, and the Nasdaq composite gained 0.8%. The CAC 40 index in Paris jumped as much as 2.8% before settling to a gain of 1.1% as results from France suggested a far-right political party may not win a decisive majority in the country’s legislative elections. Treasury yields jumped, with the yield on the 10-year Treasury climbing to 4.46% from 4.39%. The bond market was home to some of U.S. markets’ strongest action. Hopes for rate cuts held after a report showed U.S. last month by more than economists expected. The U.S. government will release the June employment report on Friday. Chewy swung from a big early gain to a loss of 6.6% after a trader named Keith Gill revealed he owned just over 9 million shares of the pet supply company. Spirit AeroSystems rose 3.3% after Boeing said it would buy the maker of fuselages and other airplane parts for $4.7 billion in stock. Meta Platforms edged 0.1% higher after European Union regulators accused it of breaching the bloc’s new digital competition rulebook. In stock markets abroad, Japan’s Nikkei 225 added 0.1% after a by the Bank of Japan called the “tankan” showed a modest improvement in confidence among the country’s largest manufacturers. Stocks in Shanghai rose 0.9% following mixed economic data.

#StockMarket #Elections #Yields #ParisStocks

https://apnews.com/article/stock-markets-pmi-tankan-euro-d770743b4d78149fb81a743cd684711a 

 A halting Biden tries to confront Trump at debate but stirs Democratic anxiety about his candidacy
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President Joe Biden and former President Donald Trump sparred over the state of the US economy during CNN's presidential debate. Biden's uneven performance crystallized concerns about his age and sparked calls for him to step aside. Trump declined to clearly state he would accept the results of the November election and defended his actions during the Jan. 6 Capitol insurrection. Biden's halting delivery and raspy voice drew attention, and his performance was criticized by prominent Democrats. The debate highlighted the sharp differences between the two candidates on core issues and their personal animus towards each other. The second debate will be hosted by ABC on Sept. 10.

#JoeBiden #DonaldTrump #PresidentialDebate #UsEconomy #DemocraticAnxiety #AgeConcerns #NovemberElection #CapitolInsurrection

https://apnews.com/article/debatehowtowatch-biden-trump-ff14d6659b6ba50e8456d35035222e85 

 A halting Biden tries to confront Trump at debate but stirs Democratic panic about his candidacy
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President Joe Biden, in a raspy and sometimes halting manner, tried to confront former President Donald Trump in their first debate ahead of the November election. Biden's performance, particularly his delivery, raised concerns about his age and sparked panic among Democrats. Trump countered Biden's criticism with falsehoods about the economy, illegal immigration, and his role in the Capitol insurrection. Biden repeatedly tore into Trump, but Trump declined to clearly state he would accept the results of the election. Biden's performance drew immediate criticism from Trump's allies and prominent Democrats, leading to discussions about whether he should continue as the party's nominee. Biden appeared to lose his train of thought at times and fumbled on issues like abortion rights. Trump sought to deflect blame for the Capitol riot and equivocated on accepting the election results. The debate highlighted the sharp differences between the two candidates and their deep hostility toward each other. Concerns about Biden's age were prevalent before the debate, with many Americans questioning whether he is too old to serve as president. Trump allies declared victory in the debate, while Biden supporters expressed disappointment. Biden has no plans to leave the race and indicated he will continue. The debate took place after Biden spent nearly a week preparing at the Camp David presidential retreat. The article includes quotes from various political figures and analysts.



https://apnews.com/article/bidentrumppresidentialdebate-0e7577e9a354a69f50675494fea54ca9 

 FACT FOCUS: Here's a look at the false claims you might hear during tonight's presidential debate
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Former President Donald Trump falsely claimed a failing economy and skyrocketing crime under President Joe Biden. Biden misrepresented inflation and gas prices at the start of his term. Trump falsely claimed his presidency gave the U.S. its 'greatest economy in history.' Trump's pre-pandemic economic growth averaged 2.67%, compared to 4% under Bill Clinton. Trump's unemployment rate was low, but labor force participation rate was higher under Clinton. Trump falsely claimed low inflation and gas prices were due to his policies. Biden falsely claimed gas prices were $5 when he took office. Biden inherited a pandemic economy and job recovery began under Trump. Trump made false claims about migrants emptying prisons and causing crime surge. Violent crime is on the way down and migrants are less likely to commit crimes. Trump falsely claimed crime has skyrocketed since he left office. Violent crime is close to its lowest point in 50 years. Trump falsely claimed he was the real winner of the 2020 election. Biden won with 306 electoral votes and over 7 million more popular votes. Trump's claims of widespread fraud were rejected in courts. Trump falsely claimed mass numbers of noncitizens voted in the election. Noncitizens voting is a felony and audits confirm low numbers of illegal voting. Trump misled about his support for Ukraine and falsely accused Ukraine of election interference. Biden misleadingly took credit for the Quad, which was formed under Trump. Foreign affairs topics in the debate may include conflicts with China, Russia, and Iran, and the strength of U.S. alliances.

#PresidentialDebate #FalseClaims #DonaldTrump #JoeBiden #Economy #Inflation #GasPrices #UnemploymentRate #ViolentCrime #2020Election #NoncitizenVoting #Ukraine #ForeignAffairs

https://apnews.com/article/fact-check-misinformation-election-debate-trump-biden-577507522762aa10f6ee5be3a0ced2bb 

 Consumer confidence in U.S. falls in June
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Consumer confidence in the U.S. fell in June as expectations about the near-term future declined. The Conference Board reported that its consumer confidence index dropped to 100.4 in June from 101.3 in May. The measure of Americans' short-term expectations for income, business, and the job market also decreased. However, consumers' view of current conditions improved. The decline in consumer confidence comes despite a strong job market and positive economic indicators. Some big retailers are offering discounts due to cautious spending in the face of inflation. Consumer expectations of a recession in the next year decreased in June after rising for the previous two months.

#ConsumerConfidence #ConferenceBoard #Economy #Inflation

https://apnews.com/article/consumer-confidence-conference-board-economy-inflation-59ddb80cf0828329e0cf98fb6321f040 

 Luxury sales are flattening amid a self-inflicted creativity crisis and price hikes, study finds
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A new study by Bain consultancy predicts that global luxury sales of handbags, shoes, and apparel will stall in 2024 due to a creativity crisis and price hikes. The study cites political uncertainty in the United States and economic uncertainty in China as contributing factors. Luxury sales experienced a post-pandemic surge but are now expected to flatten. The study was commissioned by the Altagamma association.

#LuxurySales #CreativityCrisis #PriceHikes #BainConsultancy #AltagammaAssociation

https://apnews.com/article/global-luxury-sales-flattening-inflation-europe-us-32e628674279d4931a1f54cc2fcfa483 

 Republicans stick to attacking criminal justice system, echoing Trump, after Hunter Biden conviction
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Republicans loyal to Donald Trump are largely echoing the former president’s claim that the Justice Department has treated President Joe Biden’s son with kid gloves while zealously prosecuting Trump. They pressed unsubstantiated or debunked allegations that Joe Biden acted to advance his family members’ foreign business interests. The GOP's argument that Joe Biden is ordering prosecutors to target political opponents has been hurt by the Biden-led Justice Department prosecuting the president's son — with Biden declining to stop the investigation or pardon Hunter Biden. Hunter Biden was convicted on federal gun charges and faces a potential 25 years in prison. He still faces a trial in September in California on charges of failing to pay $1.4 million in taxes. Republicans may be trying to deflect from Trump's own stated intentions to wield the criminal justice system against opponents if he returns to the White House. Trump tried to undercut the Justice Department investigation into his campaign's alleged ties to Russia and issued pardons to a raft of former campaign aides, friends, and donors. Trump has repeatedly declared he is the victim of a “rigged” system and promised to appoint a special prosecutor to target Biden and his family. Trump and allies have suggested that if elected he might advocate the imprisonment of political opponents. Many in Trump’s Republican Party are staunchly against gun control and some of his supporters have questioned whether Hunter Biden should have been tried on the gun charges.

#HunterBiden #DonaldTrump #JoeBiden #RepublicanParty #CriminalJusticeSystem

https://apnews.com/article/hunter-biden-conviction-republicans-reaction-trump-eb7fe08832905f14dd8c5bd48ef9c716 

 World Bank boosts forecast: Strength of US economy will support global growth of 2.6% this year
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The World Bank has upgraded its outlook for the global economy, estimating that it will expand 2.6% this year, with the strength of the US economy being a major factor. The bank had previously predicted 2.4% growth for 2024. The US economy is expected to expand 2.5% in 2024, up from the 1.6% predicted in January. However, the World Bank cautioned that global growth remains sluggish, with increased trade barriers and ongoing conflicts in Ukraine and Gaza posing threats to prosperity worldwide. The bank also expressed concerns about heavy debts and high interest rates in the poorest countries.

#WorldBank #GlobalEconomy #UsEconomy #GlobalGrowth #TradeBarriers #Ukraine #Gaza #Debts #InterestRates

https://apnews.com/article/economy-global-inflation-growth-china-world-bank-c7b22580a44579c418a1cb10b61c2402 

 Stock market today: Wall Street holds steady ahead of this week's Fed meeting
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U.S. stocks are mixed in quiet trading ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates. The S&P 500 was 0.1% lower in morning trading, still close to its record set last week. The Dow Jones Industrial Average was up 7 points, or less than 0.1%, as of 10:20 a.m. Eastern time, and the Nasdaq composite was 0.2% lower. Huntington Bancshares dropped 5.9% for one of the market’s largest losses after it cut its forecast for a key component of profit this year. Other banks also fell afterward, including losses of 3.1% for Citizens Financial Group, 3% for Regions Financial and 2.7% for KeyCorp. Diamond Offshore Drilling jumped 10.4% after Noble agreed to buy its rival in a cash-and-stock deal valued at roughly $1.6 billion. Noble added 4.7% in a signal that traders expect the combination to be a winner. Apple was drifting 0.9% lower ahead of a conference where analysts expect it to offer details about its moves into artificial-intelligence technology. Data on the economy have come in mixed recently, and traders are hoping they will ultimately show a slowdown that’s just right in magnitude. In the meantime, companies benefiting from the AI boom are continuing to report big growth almost regardless of what the economy and interest rates are doing. Treasury yields in the bond market were mixed ahead of reports later in the week that will show whether inflation improved last month at both the consumer and wholesale levels. On Wednesday, the Federal Reserve will announce its latest decision on interest rates. Virtually no one expects it to move its main interest rate then. But policy makers will be publishing their latest forecasts for where they see interest rates and the economy heading in the future.

#StockMarket #WallStreet #FederalReserve #InterestRates #Inflation

https://apnews.com/article/stock-market-rates-france-euro-44075c1768cc364f995bca495a121b26 

 Kansas leaders and new group ramp up efforts to lure the Kansas City Chiefs from Missouri
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Top Kansas legislators have intensified efforts to woo the Super Bowl champion Kansas City Chiefs by offering to let the professional football franchise shape a plan for using state bonds to finance a new stadium in Kansas. Kansas House Speaker Dan Hawkins and Senate President Ty Masterson said in a statement Tuesday that the Legislature would consider the proposal during a special session set to convene June 18. Their actions came as a new Kansas nonprofit group, Scoop and Score, launched a campaign for bringing the Chiefs from Missouri to Kansas. The group started an online petition aimed at the Legislature, sent texts saying the Chiefs “deserve a permanent home in Kansas,” and registered 20 lobbyists to represent it at the Statehouse, including a former House speaker and some of the state's most prominent contract lobbyists.

#KansasCityChiefs #Stadium #Relocation #Kansas #Missouri

https://apnews.com/article/kansas-city-chiefs-new-stadium-proposal-49fbfcc162dfbcf3790aa14c2763fd97 

 What to know about Boeing's first spaceflight carrying NASA astronauts
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Boeing has successfully launched its Starliner capsule with a crew on board to the International Space Station for NASA. This is the first flight of Boeing's Starliner capsule with a crew on board. The crew consists of a pair of NASA pilots who will test the spacecraft during the test drive and stay at the space station for a week. The launch comes after years of stumbles and delays for Boeing. The article provides a link to the full story for more details.

#Boeing #Nasa #Starliner #Spaceflight #InternationalSpaceStation

https://apnews.com/article/boeing-test-flight-astronauts-space-station-0d773b17baca7c51427371c54d6ac47b 

 Stock market today: Asian stocks trade mixed after Wall Street logs modest gains
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Asian shares traded mixed as investors weighed recent data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street. Japan's benchmark Nikkei 225 shed 0.9% to 38,490.17. Australia's S&P/ASX 200 edged up 0.4% to 7,769.00. South Korea's Kospi jumped 1.0% to 2,689.50. Hong Kong's Hang Seng slipped nearly 0.1% to 18,428.62, while the Shanghai Composite dipped 0.8% to 3,065.40.

#AsianStocks #WallStreet #Nikkei225 #S&p/asx200 #Kospi #HangSeng #ShanghaiComposite

https://apnews.com/article/stock-market-rates-inflation-fed-2c7a03d4e187731032538fd95bf57031 

 Stock market today: Wall Street cleaves between winners and losers on report showing slowing economy
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U.S. stocks were split among winners and losers after a report suggested the job market is cooling, the latest signal of a slowing economy that offers both upsides and downsides for Wall Street. The S&P 500 ticked up by 0.2%, though more stocks within the index fell than rose. The Dow Jones Industrial Average rose 140 points, or 0.4%, and the Nasdaq composite added 0.2%. Wall Street wants the job market and overall economy to slow to help get inflation under control and convince the Federal Reserve to cut rates, which would ease the pressure on financial markets. The number of U.S. job openings at the end of April dropped to the lowest level since 2021. Worries about a slowing economy have hit the price of crude oil, raising the possibility of less growth in demand for fuel. Dividend-paying stocks and some Big Tech stocks drove the market higher. The S&P 500 rose 7.94 points to 5,291.34. The Dow gained 140.26 to 38,711.29, and the Nasdaq added 28.38 to 16,857.05.

#StockMarket #WallStreet #JobMarket #Economy #Inflation #FederalReserve #CrudeOil #DividendpayingStocks #BigTechStocks

https://apnews.com/article/stock-market-rates-inflation-3fa48a6ed288b4b0da9a939d171d0b60 

 Stock market today: Wall Street drifts after latest signal of a slowdown as Nvidia, GameStop leap
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The S&P 500 was 0.3% higher in morning trading, coming off its sixth winning month in the last seven. The Dow Jones Industrial Average was down 27 points, or 0.2%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was up 0.7%. U.S. stock indexes are drifting in mixed trading Monday that's quiet overall, but some big names are making big moves underneath the surface.

#StockMarket #WallStreet #Nvidia #Gamestop

https://apnews.com/article/stock-markets-rates-inflation-e9180b8b37c8181b5d0911bd743af08a 

 Hungary's Orbán stages 'peace march' in show of strength ahead of EU elections
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Hungary's Prime Minister Viktor Orbán stages a 'peace march' in Budapest, Hungary, ahead of the European Parliament elections. Tens of thousands of supporters gathered to show their support for Orbán, who has been in power for 14 years and is the EU's longest-serving leader. Orbán has focused his campaign on the war in Ukraine, portraying his opponents as warmongers. He called for his party to 'occupy Brussels' and transform Europe's approach to support for Ukraine. Critics argue that his appeals for an immediate cease-fire would benefit Russia. Orbán's party is expected to gain the most seats in the EU legislature, but a political newcomer, Péter Magyar, has built a significant movement in the last three months. Orbán's right-wing populism and anti-war rhetoric still resonate among many Hungarians. He has criticized EU and NATO partners for assisting Ukraine and advocated for a Trump victory in the US election. Orbán believes a Trump victory would lead to a 'transatlantic peace coalition' to end the fighting in Ukraine.

#Hungary #ViktorOrbán #PeaceMarch #EuElections #UkraineWar

https://apnews.com/article/hungary-orban-peace-march-ukraine-6f3bf3ba7e776182dbcbb62b6b8eaa22 

 Stock market today: Wall Street drifts as yields ease on cooler economic data
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U.S. stocks are drifting following mixed profit reports from big U.S. companies and signals that the economy may be cooling. The S&P 500 was 0.3% lower in early trading and has been generally pulling back since setting a record last week. The Dow Jones Industrial Average was down 300 points, or 0.8%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower. Salesforce was the main reason the Dow fell more than the rest of the market and tumbled 18.1%. Kohl’s fell even more, 25.8%, after reporting a surprise loss for the latest quarter when analysts were expecting to see a profit. Best Buy topped forecasts even though its sales fell short last quarter, and its stock rose 11.3%. Foot Locker ran 25.4% higher after likewise reporting better-than-expected profit despite ringing up sales below analysts’ forecasts. Yields fell Thursday after a couple reports showed the U.S. economy isn’t quite as strong as expected. The hope on Wall Street is that the economy can cool down, but not by too much, so that the Federal Reserve can hit a precise landing where it gets high inflation under control without causing a bad recession. The yield on the 10-year Treasury fell to 4.56% from 4.62% late Wednesday. The two-year yield, which more closely tracks expectations for Fed action, fell to 4.93% from 4.98%.

#StockMarket #WallStreet #Yields #EconomicData

https://apnews.com/article/stocks-market-rates-yields-inflation-dcdd2123ae17ec18072e5028f159eed9 

 Hong Kong court convicts 14 pro-democracy activists in the city's biggest national security case
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A Hong Kong court has convicted 14 pro-democracy activists, including former lawmakers Leung Kwok-hung, Lam Cheuk-ting, Helena Wong, and Raymond Chan, in the city's biggest national security case. The activists were among 47 democracy advocates prosecuted for their involvement in an unofficial primary election, accused of attempting to paralyze Hong Kong's government and topple the city's leader. Two former district councilors, Lee Yue-shun and Lawrence Lau, were acquitted. The verdicts come under a law imposed by Beijing that has severely limited free speech and assembly in Hong Kong. The security law is seen as a means to crush political opposition, but Beijing and Hong Kong governments claim it has brought stability to the city and protected judicial independence.

#HongKong #ProdemocracyActivists #NationalSecurityCase #UnofficialPrimaryElection #Beijing #FreeSpeech #Assembly #PoliticalOpposition #JudicialIndependence

https://apnews.com/article/hong-kong-security-law-verdict-5b8e7ac1100342db642040985bc417b2 

 Hong Kong police arrest 6 people accused of violating the city's new national security law
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Hong Kong police have arrested six people accused of publishing seditious social media posts, in what are the first publicly known arrests under the city’s new national security law. The arrests were made under the new security law introduced in March, which has expanded the government’s power to deal with challenges to its rule. The law punishes treason and insurrection with up to life imprisonment and imposes harsher penalties for sedition offenses. The arrested individuals, aged between 37 and 65, used a social media page to anonymously publish the posts starting in April. The posts aimed to provoke hatred against the central government, the Hong Kong government, and the city's judicial institutions, and incite netizens to organize or participate in illegal activities. The police statement did not provide further details on the social media page or the content of the posts. The introduction of the new security law has raised concerns about the erosion of Hong Kong's freedoms. Since its implementation, Hong Kong authorities have severely limited free speech and assembly, leading to the arrest, silencing, or self-exile of many activists. The Beijing and Hong Kong governments argue that the law has restored stability following the 2019 anti-government protests.

#HongKong #NationalSecurityLaw #Arrests #Sedition #SocialMedia

https://apnews.com/article/hong-kong-article-23-security-law-first-arrests-85606b3a413ca82d002353214f1eb044 

 706 people named Kyle got together in Texas, it wasn’t enough for a world record.
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706 people named Kyle gathered in Texas in an attempt to break the world record for the largest gathering of people with one name, but fell short. The current record is held by a town in Bosnia that gathered 2,325 people named Ivan in 2017. Last year, the Gathering of the Kyles in Kyle, Texas had 1,490 participants. Kyle is ranked 416th among male names in the US, while Ivan is ranked 153rd.

#WorldRecord #PeopleNamedKyle #GatheringOfTheKyles #Texas

https://apnews.com/article/world-record-people-named-kyle-6e444cd9dfd9b69f647d817b0afc1899 

 MLB is expected to investigate David Fletcher for gambling on sports, AP source says
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Major League Baseball is expected to investigate former Angels player David Fletcher for gambling on sports with a bookmaker who also took bets from Shohei Ohtani’s former interpreter, according to a person familiar with the situation. Fletcher placed bets with Mathew Bowyer, an alleged illegal bookmaker in Southern California. MLB's gambling policy prohibits players and team employees from wagering on baseball, even legally. Fletcher was a teammate of Ohtani's during the Japanese two-way sensation's six years with the Angels. Fletcher is currently with the Braves’ Triple-A affiliate, the Gwinnett Stripers.

#Mlb #DavidFletcher #Gambling #Sports #Investigation

https://apnews.com/article/sports-betting-david-fletcher-ippei-mizuhara-mathew-bowyer-b96335e92117be5995447210c657329e 

 Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week
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The Dow Jones Industrial Average finished above the 40,000 level for the first time, rising 134.21 points, or 0.3%, to 40,003.59. The S&P 500 added 6.17 points, or 0.1%, to 5,303.27, just 0.1% shy of its record. The Nasdaq composite slipped 12.35 points, or 0.1%, to 16,685.97. Reddit jumped 10% after announcing a partnership with OpenAI. GameStop dropped 19.7% after announcing it expects to report a loss of up to $37 million. AMC Entertainment also issued shares to wipe out some debt. Renaissance Technologies, the hedge fund founded by Jim Simons, revealed it bought shares of both GameStop and AMC Entertainment. Treasury yields ticked higher, and stock indexes around the world were mixed. Some economists caution that optimism about the Federal Reserve cutting interest rates may be going too far. In the bond market, the yield on the 10-year Treasury rose to 4.41% from 4.38% late Thursday. The two-year yield edged up to 4.82% from 4.80%.

#DowJonesIndustrialAverage #S&p500 #NasdaqComposite #Reddit #Openai #Gamestop #AmcEntertainment #RenaissanceTechnologies #JimSimons #FederalReserve #TreasuryYields #InterestRates

https://apnews.com/article/stock-market-china-inflation-7f8c98dcc72882199b0688b693a3a7e6 

 Retail sales were unchanged in April from March as inflation and interest rates curb spending
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Retail sales in the US were unchanged in April compared to March, falling well below economists' expectations. The data from the Commerce Department showed that sales rose 0.9% in February but fell 1.1% in January. Excluding gas prices and auto sales, retail sales fell 0.1%. Online business dropped 1.2%, while electronics stores saw a 1.5% increase in sales. Home furnishings stores experienced a 0.5% decline, and clothing and accessories stores saw a 1.6% gain. The retail sales figure does not include travel and lodging. The report comes as inflation continues to impact consumer spending and interest rates make taking on debt more burdensome.

#UsRetailSales #Inflation #InterestRates #CommerceDepartment #ConsumerSpending

https://apnews.com/article/retail-sales-april-economy-inflation-422c54d68a519b9beb05bfe9813b0ab5 

 Stock market today: Wall Street rises as it cruises toward the close of another winning week
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U.S. stocks are heading toward the close of another winning week with some more modest gains. The S&P 500 was 0.4% higher in early trading and on track for a third straight winning week following a mostly miserable April. The Dow Jones Industrial Average was up 128 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% higher. The S&P 500 has returned within 0.4% of its record after coasting through relatively quiet trading following big gains at the end of last week. Revived hopes that the Federal Reserve may deliver cuts to interest rates this year drove the gains. So did a flood of stronger-than-expected reports on profits from big U.S. companies. Gen Digital jumped 14.7% after joining the parade and reporting better profit for the first three months of 2024 than analysts expected. Novavax more than doubled and shot 134.1% higher after announcing a deal with Sanofi that could be worth more than $1.2 billion. The agreement includes a license to co-commercialize Novavax’s COVID-19 vaccine worldwide, with some exceptions. Novavax also reported a slightly smaller loss for the latest quarter than analysts expected. They helped offset a drop of 9.7% for Akamai Technologies, which topped expectations for profit but fell short for revenue. The cloud-computing, security and content delivery company also lowered some of its financial forecast for the full year. In the bond market, Treasury yields ticked higher but were relatively calm overall. The yield on the 10-year Treasury rose to 4.48% from 4.46% late Thursday.

#StockMarket #WallStreet #S&p500 #DowJonesIndustrialAverage #NasdaqComposite #FederalReserve #InterestRates #Profits #GenDigital #Novavax #Sanofi #Covid19Vaccine #AkamaiTechnologies #TreasuryYields

https://apnews.com/article/stock-markets-china-japan-rates-1a3e7073797351d722d4d9f4085504ce 

 Police clear pro-Palestinian protest camp and arrest 33 at DC campus as mayor's hearing is canceled
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Police cleared a pro-Palestinian tent encampment at George Washington University and arrested 33 demonstrators. The crackdown led to the cancellation of a hearing by the House Committee on Oversight and Accountability. Tensions have been rising in protests against the Israel-Hamas war on campuses across the US and Europe. Police also broke up an encampment at the University of Massachusetts, arresting about 130 people. Since April 18, over 2,600 people have been arrested on 50 campuses in protests against the war. Other schools have allowed protests to continue, while some have cracked down due to disruptions and safety concerns.

#Propalestinian #Protests #GeorgeWashingtonUniversity #Arrests #IsraelhamasWar

https://apnews.com/article/campus-protests-george-washington-encampment-eac5c1cc396551bee1b110b48a94aefd 

 Stock market today: Wall Street starts slow on Wednesday, threatening its four-day winning streak
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Wall Street started slow on Wednesday, threatening its four-day winning streak. Futures for the S&P 500 slid 0.2% before the bell, while futures for the Dow Jones Industrial Average ticked down less than 0.1%. Uber tumbled 7.4% after reporting a loss in its most recent quarter. Reddit jumped 11% in premarket after posting a smaller loss than expected. In Europe, Germany's DAX rose 0.4% and the CAC 40 in Paris jumped 0.9%. Tokyo's Nikkei 225 lost 1.6%. The dollar rose to 155.44 Japanese yen from 154.50 yen. Hong Kong's Hang Seng index shed 0.8% and the Shanghai Composite index gave up 0.6%. U.S. benchmark crude oil fell $1 to $77.38 per barrel. The euro dropped to $1.0747 from $1.0755. On Tuesday, the S&P 500 edged 0.1% higher, the Dow Jones Industrial Average added 0.1%, and the Nasdaq composite slipped 0.1%.

#StockMarket #WallStreet #S&p500 #DowJonesIndustrialAverage #Uber #Reddit #Germany'sDax #Cac40 #Tokyo'sNikkei225 #HongKong'sHangSengIndex #ShanghaiCompositeIndex #CrudeOil #Euro

https://apnews.com/article/stock-markets-rates-yen-96b2fdde58cd0d9e7556b140cdfa6882 

 Google, Justice Department make final arguments about whether search engine is a monopoly
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Google's preeminence as an internet search engine is an illegal monopoly propped up by more than $20 billion spent each year by the tech giant to lock out competition, Justice Department lawyers argued at the closings of a high-stakes antitrust lawsuit. The government and Google made their closing arguments in the 10-week lawsuit to U.S. District Judge Amit Mehta, who must now decide whether Google broke the law in maintaining a monopoly status as a search engine. Much of the case has revolved around how much Google derives its strength from contracts it has in place with companies like Apple to make Google the default search engine preloaded on cellphones and computers. Evidence showed that Google spends more than $20 billion a year on such contracts. Google responds that customers could easily click away to other search engines if they wanted, but that consumers invariably prefer Google. Mehta has not yet said when he will rule, though there is an expectation that it may take several months.

#Google #JusticeDepartment #Antitrust #SearchEngine #Monopoly

https://apnews.com/article/google-antitrust-closings-trial-monopoly-aa1c5b9f859e9428aec15bb0a61bcaa8