Category Archives: WBAP 24/7 News

US Consumer Price Increases Accelerated Last Month With Inflation Pressures Resilient

US Consumer Price Increases Accelerated Last Month With Inflation Pressures Resilient

WASHINGTON (AP) — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled.  According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. That is up from just 2.1% in September, though…MORE

Trump Fills Out His Economic Team With Two Veterans of His First Administration

Trump Fills Out His Economic Team With Two Veterans of His First Administration

WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team. Trump on Tuesday announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and…MORE

US Economy Grows at 2.8% Pace in Third Quarter on Consumer Spending, Unchanged From First Estimate

US Economy Grows at 2.8% Pace in Third Quarter on Consumer Spending, Unchanged From First Estimate

WASHINGTON (AP) — The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth. The Commerce Department reported that growth in U.S. gross domestic product — the economy’s output of goods…MORE

After Fast Start, Electric Cars Need a Recharge as Range Limits, Cost Leave Some Drivers Skeptical

After Fast Start, Electric Cars Need a Recharge as Range Limits, Cost Leave Some Drivers Skeptical

DETROIT (AP) — While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations. And consumers worried more about price and practicality are holding back where first-adopter climate warriors…MORE

Average Rate on a 30-year Mortgage in the US Slips to 6.81%

Average Rate on a 30-year Mortgage in the US Slips to 6.81%

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks. The rate slipped to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. That’s still down from a year ago, when the rate averaged 7.22%. The average rate on…MORE

Prisoner Swap Releases Houston Man; 2 More Americans

WASHINGTON (AP) — Three American citizens imprisoned for years by China have been released and are returning to the United States, the White House said Wednesday, announcing a diplomatic agreement with Beijing in the final months of the Biden administration. The three are Mark Swidan, Kai Li and John Leung, all of whom had been…MORE

Greenville, Hunt County Police Officer Dies in Shooting

Greenville, Hunt County Police Officer Dies in Shooting

GREENVILLE – (WBAP/KLIF)- A Greenville police officer is reported to have died of wounds sustained in a shooting around dinnertime Monday night. Police have not identified the officer who was killed. The suspect was also shot, though place of treatment and condition remains unknown at this time. Officials say the Greenville officer was shot in…MORE

Special Counsel Moves to Abandon Election Interference and Classified Documents Cases Against Trump

Special Counsel Moves to Abandon Election Interference and Classified Documents Cases Against Trump

WASHINGTON (AP) — Federal prosecutors have moved to abandon two criminal cases against Donald Trump, acknowledging that Trump’s return to the White House will preclude attempts to federally prosecute him for retaining classified documents or trying to overturn his 2020 election defeat. In court filings on Monday, the prosecutors cited longstanding Justice Department policy that…MORE

Megachurch Founder T.d. Jakes Suffers Health Incident During Sermon at Dallas Church

Megachurch Founder T.d. Jakes Suffers Health Incident During Sermon at Dallas Church

DALLAS (AP) — The founder of Dallas-based megachurch The Potter’s House, Bishop T.D. Jakes, was hospitalized after suffering what the church called a “slight health incident.” Jakes was speaking to churchgoers after he sat down and began trembling as several people gathered around him Sunday at the church. Jakes’ daughter Sarah Jakes Roberts and her…MORE