Headline News from The Associated Press
AP Headline News - May 30 2024 19:00 (EDT)
"AP News, I'm Haya Punjuani. Our top story former President Donald Trump has found guilty in his Hush Money case. AP correspondent Julie Walker reports from court." Former President Donald Trump has been convicted on all 34 counts in his Hush Money trial, leaving court Trump had this to say. "I think it's just a disgrace and we'll keep fighting, we'll fight till the end and we'll win." Trump was sitting stone-faced, with his eyes looking down as the verdict finished being red. Then began slowly looking around the room and glanced at the jury, still expressionless. As they affirmed, they found him guilty on all counts. "I'm a very innocent man and it's okay, I'm fighting for our country, I'm fighting for our constitution." Bale was not required and the judge has set his sentencing for July 11th, just days before Republicans are set to select him as their 2024 nominee. From Criminal Court in Manhattan, I'm Julie Walker. Outside the courthouse following the conviction, a group of people chanted for former President Donald Trump to be jailed. Shares of Trump Media and Technology group the owner of Social Networking Site Troop Social slumped after Donald Trump was convicted in his Hush Money trial. The shares was traded under the symbol DJT fell about 8 percent in after hours trading. AP correspondent Alex Vega reports on an increase in the average mortgage rate. "A setback for Home Shoppers, mortgage buyer Freddie Mac says the average rate on a 30-year mortgage rose this week to just over 7 percent. This is the first increase after a three-week pullback. Higher mortgage rates can add hundreds of dollars a month and costs on a home loan. The US housing market is already slowing under the strain of elevated mortgage rates and rising prices, but economists say rates are unlikely to drop significantly until the Federal Reserve sees more evidence of slowing inflation. I'm Alex Vega. This is AP News. The IRS is planning to expand its free electronic filing service. The Internal Revenue Service introduced a free tax filing system to residents in 12 states who had simple W-2 forms for what they made and what they paid. Now the agency is ready to expand, asking all 50 states and the District of Columbia to encourage its use and help taxpayers, file federal and local taxes that way. Money from the inflation reduction act funded the pilot program. Not surprisingly, it's opposed by private tax preparation companies and there's no guarantee Congress will continue funding the program in the future. I'm Jackie Quinn. And repeating our top story, Donald Trump has been convicted in his New York hush money trial, making him the first former American president to be found guilty of felony crimes in US history. I'm Hayab and Johnny, AP News. These days work is in trouble. We've outsourced most of our manufacturing to other countries, and with that, we send away good jobs and our capability to make things. American Giant is a clothing company that's pushing back against this tide. They make all kinds of high-quality clothing and activewear, like sweatshirts, jeans, dresses, jackets and so much more right here in the USA. So when you buy American Giant, you create jobs in towns and cities across the country, and jobs bring pride. Purpose. They stitch people together. If all that sounds good to you, visit american-giant.com and get 20% off your first order when you use code Staple20 at checkout. That's 20% off your first order at american-giant.com with promo code staple20.