May 30, 2024 5:13 am
WASHINGTON (AP) — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. A key reason for the delay in rate cuts is that the inflation pressures that are bedeviling the economy are being driven largely by lingering forces from the pandemic — for items ranging from apartment rents to auto insurance to hospital prices. Though Fed officials say they expect inflation in those areas to eventually cool, they’ve signaled that they’re prepared to wait as long as it takes.
May 30, 2024 5:13 am
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits. The deal announced Wednesday is valued at $22.5 billion when including $5.4 billion in debt. Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock that they own. ConocoPhillips said Wednesday that the transaction will add highly desired acreage to its existing U.S. onshore portfolio.
May 30, 2024 5:11 am
MEXICO CITY (AP) — Mexico goes into Sunday’s election deeply divided: friends and relatives no longer talk politics for fear of worsening unbridgeable divides. Drug cartels have divided the country into a patchwork quilt of warring fiefdoms. The atmosphere is literally heating up, amid a wave of unusual heat, drought, pollution and political violence. It’s unclear whether Mexico’s next president — both major-party candidates are female — will be able to rein in the underlying violence and polarization. Soledad Echagoyen, a Mexico City doctor who supports President Andrés Manuel López Obrador’s Morena party, says she can no longer talk about politics with her colleagues, noting “there have been personal attacks already.”
May 30, 2024 5:10 am
HONG KONG (AP) — Fourteen pro-democracy activists have been convicted in Hong Kong’s biggest national security case by a court that said their plan to effect change through an unofficial primary election would have undermined the government’s authority and created a constitutional crisis. After a 2019 protest movement that filled the city’s streets with demonstrators, authorities have all but silenced dissent in Hong Kong through reduced public choice in elections, crackdowns on media and the Beijing-imposed security law under which the activists were convicted.
May 30, 2024 5:09 am
WASHINGTON (AP) — A string of security, logistical and weather problems has battered the plan to deliver desperately needed humanitarian aid to Gaza through a U.S. military-built pier. Broken apart by strong winds and heavy seas just over a week after it became operational, the project faces criticism it hasn’t lived up to its initial billing or its $320 million price tag. U.S. officials say, however, that the pier is being repaired, then will be reinstalled and working again soon. Aid groups have mixed reactions, welcoming the aid yet calling the pier a distraction that takes pressure off Israel to open more land routes. The Biden administration has said from the start that the pier wasn’t meant to be a total solution.
May 30, 2024 5:07 am
The Israeli military says two soldiers have been killed in a car-ramming attack in the occupied West Bank. Violence in the West Bank has surged throughout the war in Gaza as Israel raids Palestinian towns in the territory to crack down on militancy, with incursions resulting in the deaths of more than 500 Palestinians. In the Gaza Strip, Palestinians in the border city of Rafah reported heavy fighting Wednesday. Israel’s military said it seized control of the entire length of Gaza’s border with Egypt. Fighting in Rafah has already spurred more than 1 million Palestinians to flee. They now seek refuge in other war-ravaged areas. The United Nations says they lack shelter, food, water and other essentials for survival.
May 30, 2024 5:06 am
NEW YORK (AP) — Donald Trump has been convicted in his New York hush money trial, a landmark jury verdict making him the first former American president to be found guilty of felony crimes in the nation’s nearly 250-year history. The jury’s judgment Thursday caps a trial centered on lurid claims of sex and financial coverups and exposes Trump to prison time. The verdict represents a stunning courtroom reckoning for Trump, who was indicted in three other felony cases but wasn’t convicted until now. Coming six months before the presidential election in which Trump is the presumptive Republican nominee, the verdict will test voters’ willingness to elect for the first time a candidate with a criminal record related to hush money payments to a porn star. Sentencing has been set for July 11th.
May 30, 2024 5:03 am
A federal court jury in Pittburgh has awarded the family of a Washington County man $21 Million for the State Police shooting death of 34 year old Anthony Gallo. The jury of eight found that Trooper Chad Weaver used excessive force after police were called to Gallo’s Canton Township mobile home in 2017 for a report that he was having a mental health crisis. Gallow was shot ten times with an AR-15 rifle from a short distance. The family filed the suit in 2019. The jury deliberated for less than three-hours before returning the verdict Wednesday. Neither Weaver, nor his attorney’s have commented. He is still employed by State Police and reportedly works for the Bureau of Gaming Enforcement. State Police say they are reviewing the verdict and have not commented.
May 30, 2024 4:59 am
NEW YORK (AP) — Donald Trump became the first former president to be convicted of felony crimes as a New York jury found him guilty of all 34 charges in a scheme to illegally influence the 2016 election through a hush money payment to a porn actor who said the two had sex. Trump sat stone-faced while the verdict was read as cheering from the street below could be heard in the hallway on the courthouse’s 15th floor. He is being sentenced on July 11, just days before the Republican National Convention. Manhattan prosecutors did not say whether they would seek prison time for Trump.
May 30, 2024 2:44 am
Pennsylvania State Police are looking for a missing 15-year-old boy from Washington County. Jordan Elm was last seen in Fallowfield Township, state police said. Jordan is 5 feet, 9 inches tall and weighs 145 pounds. He has blue eyes and brown/dirty blond hair and was last seen wearing a black Metallica t-shirt, dark shorts and black military style boots. Anyone with information on his whereabouts is asked to call 724-929-6262.
