Headline News from The Associated Press
AP Headline News - Apr 10 2024 11:00 (EDT)
AP News, good morning, I'm Ed Donny P. Wall Street is starting the day with deep losses and new reports as prices for things like gas and rent are higher. It will likely mean a delay in plans by the Federal Reserve to start cutting interest rates. In New York, former Trump Organization executive Alan Weisselberg was sentenced to five months in jail for lying under oath during testimony in a lawsuit brought against former President Donald Trump by New York's Attorney General. He already served 100 days in jail last year for dodging taxes on $1.7 million in company perks. Weisselberg worked for the Trump family for 50 years. President Biden is welcoming Japanese Prime Minister Fumio Kashi to the White House. "Just a few generations ago, our two nations were blocked in a devastating conflict. It would have been easy to say we remain adversaries. Instead, we made a far better choice. We became the closest of friends." The President will be hosting a state dinner at the White House for Kushida tonight. Opening statements are expected in Boise, Idaho, in the trial of Chad Debel, charged with killing his wife and his then-girlfriend's two youngest children. In an unusual case, rooted in extremist religious beliefs, the AP's Rebecca Boone is in Boise. Prosecutors say that this triple murder trial involves weird claims of doomsday-focused religious beliefs that Lori Valo Debel and Chad Debel conspired to kill her two youngest kids and his late wife so that they could be together without any encumbrances. Investigators searched for months before they found the bodies of the two kids buried in Chad Debel's yard. Last year, the children's mother, Lori Valo Debel, received a life sentence without parole for the killings. A day after he stepped down as the coach of Kentucky, Arkansas has hired John Calipari as its men's basketball coach. This is AP News. I'm Seth Zutel, and this is Markets in a Minute. Stocks are falling on Wall Street on worries of what seemed to be a blip in the battle to bring down inflation might be turning into a trend. The S&P 500 was 1% lower in the first hour of trading Wednesday. The benchmark index is on track for one of its worst days of the year. The Dow was off 467 points, that's about 1.2%, the NASDAQ composite was 1% lower. Treasury yields rose sharply in the bond market as traders pulled back on their estimates for when the Federal Reserve might start cutting interest rates. The morning's report is the third straight to suggest that progress is stalling on fighting inflation. The yield on the two-year Treasury note jumped to 4.96% Seth Zutel, New York. Track and Field is set to become the first sport to introduce prize money at the Olympics. Field Athletics says it will pay $50,000 to gold medalist in Paris, setting aside $2.4 million to pay the gold medalist I made Donahue. AP News. Rapid expansion. We're ready. Economic crisis. We're good. Worker shortage. Good. AI. Got it. What if a celebrity buys the company? Depends on who it is. But we're good. What if a global internet outage sends us back to the Stone Age? We're good. Anything can change the world of work. See the world turns into one of those zombie shows. Which one? Any of them. Thanks. We've got ADP. From HR to payroll, ADP designs forward-thinking solutions to take on the next anything. ADP. Always designing for people.