Headline News from The Associated Press
AP Headline News - Mar 06 2024 18:00 (EST)
AP News, I'm Haya Pangewani. Former South Carolina Governor and UN Ambassador Nikki Haley suspended her presidential campaign this morning. In a speech to supporters, Nikki Haley says, while she wishes Donald Trump well, he still needs to prove himself worthy of the Office of President. "In all likelihood, Donald Trump will be the Republican nominee when our party convention meets in July. I congratulate him and wish him well. I wish anyone well who would be America's president. Our country is too precious to let our differences divide." And a Minnesota Democrat ended his long-shot presidential campaign. AP correspondent Mike Kempin with that story. Congressman Dean Phillips, who failed to win a primary contest against President Biden, says he's ending his White House bid. Speaking on WCCO Radio, Phillips says now he's endorsing Biden. "While indeed I think the president is at a stage in life where his capacities are diminished, he is still a man of competency and decency and integrity. And the alternative, Donald Trump, is a very dangerous, dangerous man." Phillips is a multi-millionaire who spent freely from his personal fortune. He built his presidential bid around calls for a new generation of Democratic leadership. But he failed to resonate with the party's voters. He was the only elected Democrat to challenge Biden for the presidency. I'm Mike Kempin. Authorities say seven bystanders were injured today in a shooting involving a Philadelphia city bus. It's the fourth gunfire incident on the transit system in four days. Speaking before the House Financial Services Committee, Federal Reserve Chair Jerome Powell says the Fed wants to see more evidence that inflation is falling. "The Committee does not expect that it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent." Powell also says the economy is moving in a good direction. This is AP News. AP Correspondent Seth Zutel has the latest on financial markets. "I'm Seth Zutel, and this is AP Market Support. Stocks recovered some of their losses from the day before, which was Wall Street's worst in three weeks. The S&P 500 rose half a percent Wednesday. The Dow added 75 points. It's about two-tenths percent. The Nasdaq composite climbed six-tenths of a percent. New York Community Bank Corp rose more than 7 percent. The troubled bank announced a $1 billion cash infusion, a new CEO, and four new directors, including former Treasury Secretary Stephen Mnuchin. Footlocker plunged more than 29 percent. The athletic shoe seller pushed back the timeline for hitting some of its financial goals by two years. Treasury yields edged lower in the bond market. That came after Federal Reserve Chair Jerome Powell said again that cuts to interest rates may be coming later this year. Powell also said the Fed needs to see more data showing that inflation is cooling before it will act. "I'm Hia Panjuani, AP News." It's Buck Sexton, along with playtrivis, talking about Dan capitalist law. Buck Dan's the son of a police officer, and a guy who finished law school and aimed high to build a world-class firm for the people where everyone, regardless of background, gets top-notch treatment. Dan capitalist law lives that mission, scoring record verdicts for folks from all walks of life and they don't care about your wallet. Just cases are taken on a percentage fee basis. Need help? Visit Dan Capitalist Law.com. That's Dan, C-A-P-L-I-S Law.com. Some people take the straight path in life, but at Arizona State University, we respect your twists and turns. They make our online students more driven to excel in their professional lives. That's why our personalized suite of services empowers you with innovative resources and staff that sticks with you. Take your next turn with one of our 300+ programs at ASU, number one in innovation for nine consecutive years. Visit us at ASUOnline.ASU.edu to learn more. Hello, Saver! Whether you're saving for that trip to the tropics or saving for an emergency, now is the time to take advantage of Wells Fargo's savings options. Wells Fargo offers savings accounts that can help you save towards your goals. So, what are you saving for? Find a Wells Fargo branch or Wells Fargo.com/save to open a savings account today. Wells Fargo Bank, NA member FDIC. Fargo, the new virtual assistant from Wells Fargo, makes banking faster and easier. Like this. Fargo, what's my checking account routing number? And this. Fargo, turn off my debit card. And this. Fargo, what did I spend on groceries last month? And that's just the beginning. See you, Fargo. You can. In the Wells Fargo mobile app, learn more at Wells Fargo dot com slash get Fargo. Terms and conditions apply. Your mobile carriers availability and message and data rates may apply. Wells Fargo Bank, NA member FDIC.