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Stocks sink on fears the war with Iran will keep interest rates high
NEW YORK (AP) — Stocks are sinking Friday as hopes wither on Wall Street for a possible cut to interest rates by the Federal Reserve this year because of the war with Iran.The S&P 500 fell 0.8% and was on track for a fourth straight losing week, its longest such streak in a year. The Dow Jones Industrial Average was down 228 points, or 0.5%, as of noon Eastern time, and the Nasdaq composite was 1.1% lower.
Stocks sank under the weight of leaping yields in the bond market. Higher yields will make mortgage rates and other borrowing more expensive for U.S. households... Read More
CBS News shutters its storied radio news service after nearly a century, ending an era
NEW YORK (AP) — CBS News said Friday it is shutting down its storied radio news service after nearly 100 years of operation as part of a round of layoffs, blaming a shift in radio station programming strategies and challenging economic times.When it went on the air in September 1927, CBS News Radio was the precursor to the entire network, giving a youthful William S. Paley a start in the business. Famed broadcaster Edward R. Murrow delivered reports from London during World War II as part of the service.
Today CBS News Radio provides material to an estimated 700... Read More
NASA hauls its repaired moon rocket from the hangar back to the pad for an early April launch
CAPE CANAVERAL, Fla. (AP) — For the second time this year, NASA moved its moon rocket from the hangar out toward the pad Friday in hopes of launching four astronauts on a lunar fly-around next month.If the latest repairs work and everything else goes NASA's way, the Space Launch System could blast off as early as April 1 from Florida's Kennedy Space Center. The Artemis II crew went into quarantine this week in Houston.
The 322-foot (98-meter) rocket began the slow 4-mile (6.4-kilometer) trek in the middle of the night, transported atop a massive crawler used since... Read More
Fire at South Korean auto parts factory injures at least 55
SEOUL, South Korea (AP) — A fire at an auto parts factory in South Korea’s central city of Daejeon injured at least 55 people on Friday, with officials warning the toll could rise.The National Fire Agency said 24 were seriously hurt in a blaze likely caused by an explosion. Officials could not immediately confirm whether any of the injured were in life-threatening condition. Nam Deuk-woo, fire chief of the city’s Daedeok district, said authorities were searching for at least 14 other people believed to have been inside the facility when the fire broke out.
Videos... Read More
Supreme Court revives suit from evangelical Christian challenging restrictions on demonstrations
WASHINGTON (AP) — The Supreme Court on Friday revived a lawsuit from an evangelical Christian barred from demonstrating in Mississippi after authorities say he shouted insults at people over a loudspeaker.The high court unanimously ruled in the case of Gabriel Olivier, who says his religious and free speech rights were violated when he was arrested for refusing to move his preaching away from a suburban amphitheater. The city said he had shouted insults like “whores,” “Jezebel,” and “nasty” at people, sometimes holding signs showing aborted fetuses.
Top Stories
- Iran threatens world tourism sites and says it is still building missiles 3 weeks into war
- US prosecutors probe whether Colombian President Petro had ties to drug traffickers, sources tell AP
- Stocks sink on fears the war with Iran will keep interest rates high
- CBS News shutters its storied radio news service after nearly a century, ending an era
- Ukraine faces growing pressure because of the war in Iran as Russia readies a new offensive
- Trump administration sues Harvard, saying it violated civil rights law and seeking to recover funds
- Chuck Norris, martial arts master and actor whose toughness became internet lore, dies at 86
- Jehovah's Witnesses ease policy on transfusions, allowing storage and use of one's own blood
- Records shattered as summer heat hits Southwest in March; 'This is what climate change looks like'
- White House urges Congress to take a light touch on AI regulations in new legislative blueprint
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Entertainment
- Calvin Tomkins, longtime writer for The New Yorker, dies at 100
- CBS News shutters its storied radio news service after nearly a century, ending an era
- Chuck Norris, martial arts master and actor whose toughness became internet lore, dies at 86
- Check out soccer star Erling Haaland's latest business venture, in chess
Sports
- Chuck Norris, martial arts master and actor whose toughness became internet lore, dies at 86
- Hamstring injury keeps Cristiano Ronaldo out of Portugal friendlies against US and Mexico
- FIFA fines Israel, denies key Palestinian complaint and urges Iran to fulfill World Cup schedule
- Saint Louis pounds Georgia 102-77 in March Madness as Dion Brown dominates at the rim with 18 points