BEIJING (AP) — China has announced that it will raise tariffs on U.S. goods from 84% to 125%. It was the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown. While U.S. President Donald Trump paused import taxes this week…… MORE
Category Archives: 24/7 Newsroom News
Freak sell-off of ‘safe haven’ US bonds raises fear that confidence in America is fading
NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds. Normally, investors rush into them at a whiff of economic chaos but now not even the lure…… MORE
Potential Impact of Trump’s Trade War On Jobs And Inflation Sends US Consumer Sentiment Plunging
WASHINGTON (AP) — Consumer sentiment fell sharply in April for the fourth straight month as the trade war has fueled worries about the health of the job market and inflation. The University of Michigan’s closely watched consumer sentiment index, released Friday, fell 11% to 50.8, the lowest since the depths of the pandemic. The decline…… MORE
Trump Administration Says It will Exclude Some Electronics From ‘Reciprocal’ Tariffs
(WBAP/KLIF) WASHINGTON (AP) — The Trump administration says it will exclude electronics like smartphones and laptops from “reciprocal” tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S. It would also benefit big tech companies like Apple and Samsung and chip makers like Nvidia. U.S.…… MORE
Dallas Selects New Police Chief
DALLAS – (WBAP/KLIF) – A Houston DEA agent is named as the new Dallas Police Chief. Dallas City Manager Kimberly Bizor-Tolbert says she’s selected Houston DEA Special Agent Daniel Comeaux to be the next chief of Dallas Police Department, saying “The City of Dallas continues to achieve crime reduction year after year. I am confident…… MORE
Fundraiser for Student Stabbing Suspect Builds Quickly
WFAA – (WBAP/KLIF) – An online fundraiser for the teen charged with murder in the death of 17 year old Frisco track meet attendee Karmelo Anthony has raised more than $350,000 – and controversy about whether a criminal suspect should be able to fundraise on a public worldwide site.. Anthony was arrested and charged with…… MORE
Sightseeing Helicopter Crashes into Hudson River, Killing Six
(WBAP/KLIF) NEW YORK (AP) — A sightseeing helicopter broke apart in midair Thursday and crashed upside-down into the Hudson River between Manhattan and the New Jersey waterfront, killing six people, including a family of Spanish tourists, in the latest high-profile aviation disaster in the U.S., officials said. Mayor Eric Adams said the flight began at…… MORE
Another Collision at Reagan Airport/DC
WASHINGTON – (WBAP/KLIF) – No injuries reported, but it seems Ronald Reagan Washington National Airport in Washington, D.C, just can’t catch a break lately. Two planes clipped wings today on the runway; one headed to JFK International Airport in NYC, the other, to Charleston, S.C. Three lawmakers were aboard the plane, and after “the plane…… MORE
Markets Surge as Trump Pauses Tariffs on Key Trade Partners — China Still Faces Steep Penalties
WASHINGTON — Under mounting pressure from turbulent financial markets and concerned economic advisors, President Donald Trump announced a temporary pause on new tariffs for most U.S. trading partners — a significant shift in tone amid an escalating global trade conflict. The administration’s move marks a 90-day halt on tariff increases for countries other than China,…… MORE
Former U.S. Attorney John Bash Launches Campaign for Texas Attorney General
AUSTIN, Texas – Former U.S. Attorney John Bash Announces Candidacy for Texas Attorney General Former U.S. Attorney John Bash has officially entered the race for Texas Attorney General, declaring his candidacy just one day after current Attorney General Ken Paxton revealed his intent to run for the U.S. Senate against incumbent Senator John Cornyn. Who…… MORE
