LocalNet Start Page

1/5

Wall Street drifts near its all-time high as most stocks rise

NEW YORK (AP) — The U.S. stock market is drifting near its record levels on Wednesday following reactions to profit reports from Macy's, Marvell Technologies and other companies.

The S&P 500 rose 0.4% and pulled within 0.5% of its all-time high set in late October. The Dow Jones Industrial Average was up 428 points, or 0.9%, as of 1:55 p.m. Eastern time, and the Nasdaq composite rose 0.2%.

Marvell rose 5.7% after the supplier of semiconductor products delivered a stronger profit for the latest quarter than analysts expected. CEO Matt Murphy credited strong demand for... Read More

US adds more penalties to those linked to Tren de Aragua gang

WASHINGTON (AP) — The U.S. imposed sanctions Wednesday on alleged affiliates of the Tren de Aragua gang and increased the reward to as much as $5 million for information leading to the arrest or conviction of one of the leaders of the criminal group that the Trump administration has designated as a foreign terrorist organization.

The actions come as President Donald Trump's administration has blamed the gang, which originated in a prison in Venezuela, for being at the root of violence and the illegal drug trade in many U.S. cities. Tren de Aragua also has become a key reference... Read More

Pentagon watchdog finds Hegsethâs use of Signal posed risk to US personnel, AP sources say

WASHINGTON (AP) — The Pentagon’s watchdog found that Defense Secretary Pete Hegseth put U.S. personnel and their mission at risk when he used the Signal messaging app to convey sensitive information about a military strike against Houthi militants in Yemen, two people familiar with the findings said Wednesday.

Hegseth, however, has the ability to declassify material and the report did not find he did so improperly, according to one of the people familiar with the report's findings who spoke on condition of anonymity to discuss the information. CNN first reported the initial... Read More

Trump pardons Texas Democratic Rep. Cuellar in bribery and conspiracy case

WASHINGTON (AP) — President Donald Trump pardoned Texas Democratic Rep. Henry Cuellar and his wife in a federal bribery and conspiracy case on Wednesday, citing what he called a “weaponized” justice system.

Trump, who has argued that his own legal troubles were a partisan witch hunt, said on social media without presenting evidence that Cuellar and his wife, Imelda Cuellar, were prosecuted because the congressman had been critical of President Joe Biden’s immigration policies.

Trump, a Republican, said in a social media post that Cuellar “bravely spoke out... Read More

Bessent says White House may 'veto' Federal Reserve presidents

WASHINGTON (AP) — Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve's regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.

In comments at the New York Times' DealBook Summit, Bessent criticized several presidents of the Fed's regional banks, saying that they were not from the districts that they now represent, “a disconnect from the original framing” of the Fed.

Bessent said that three of... Read More

Horoscope

Weather for Buffalo, NY

Weather Search

Current Conditions

33° F

Cloudy
Wind	17.1 mph
Humidity	74

4 Day Forecast
Thursday Flurries 28° / 13°	Friday Intermittent Clouds 32° / 24°	Saturday Flurries 35° / 26°	Sunday Cloudy 29° / 11°

Wall Street drifts near its all-time high as most stocks rise

US adds more penalties to those linked to Tren de Aragua gang

Pentagon watchdog finds Hegsethâs use of Signal posed risk to US personnel, AP sources say

Trump pardons Texas Democratic Rep. Cuellar in bribery and conspiracy case

Bessent says White House may 'veto' Federal Reserve presidents

Top Stories

Horoscope

Weather for Buffalo, NY

Current Conditions

4 Day Forecast

Stocks

Entertainment

Sports

Wall Street drifts near its all-time high as most stocks rise

US adds more penalties to those linked to Tren de Aragua gang

Pentagon watchdog finds Hegsethâs use of Signal posed risk to US personnel, AP sources say

Trump pardons Texas Democratic Rep. Cuellar in bribery and conspiracy case

Bessent says White House may 'veto' Federal Reserve presidents

Top Stories

Horoscope

Weather for Buffalo, NY

Current Conditions

4 Day Forecast

Stocks

Entertainment

Sports

Pentagon watchdog finds Hegsethâs use of Signal posed risk to US personnel, AP sources say