Category Archives: WBAP 24/7 News

Trump Commutes Sentence of Former US Rep. George Santos in Federal Fraud Case

Trump Commutes Sentence of Former US Rep. George Santos in Federal Fraud Case

NEW YORK (AP) — President Donald Trump has commuted the sentence of former U.S. Rep. George Santos, who is serving more than seven years in federal prison after pleading guilty to fraud and identity theft charges. The New York Republican was sentenced in April after admitting last year to deceiving donors and stealing the identities…MORE

US Blocks a Global Fee on Shipping Emissions as International Meeting Ends Without New Regulations

US Blocks a Global Fee on Shipping Emissions as International Meeting Ends Without New Regulations

The U.S. has blocked a global fee on shipping emissions as an international maritime meeting ended Friday without adopting new regulations. The world’s largest maritime nations had been discussing ways to move the shipping industry away from fossil fuels. On Thursday, U.S. President Donald Trump urged countries to vote against the regulations. The International Maritime…MORE

Regional Banks’ Bad Loans Spark Concerns on Wall Street

Regional Banks’ Bad Loans Spark Concerns on Wall Street

NEW YORK (AP) — Wall Street is concerned about the health of the nation’s regional banks, after a few of them wrote off bad loans to commercial customers in the last two weeks. Zions Bank, Western Alliance Bank, and Jefferies disclosed bad investments, causing their stocks to fall sharply this week. On Tuesday, JPMorgan Chase…MORE

Trump Offers US Automakers Additional Relief From His Tariffs

Trump Offers US Automakers Additional Relief From His Tariffs

WASHINGTON (AP) — President Donald Trump is giving domestic automakers some relief from his tariffs. He’s extending a special rebate on auto parts until 2030. Tariffs on those parts had threatened to raise costs for automakers. The exemption was originally supposed to be a short-term bridge to give automakers time to move production lines back…MORE