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Wall Street falls in light trading on the final day of 2025, another a banner year for markets

Wall Street fell on the final day of trading for 2025, a banner year for markets that was driven by both optimism and uncertainty. The S&P 500 pulled back 0.7% Wednesday. The Dow Jones Industrial Average lost 0.6%, and the Nasdaq composite gave back 0.8%. Trading was very light ahead of the New Year’s Day holiday Thursday, when markets will be closed. The S&P 500 rose more than 16% this year as investors embraced the optimism surrounding artificial intelligence and its potential for boosting profits for companies. Treasury yields rose in the bond market.

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Appeals court says Medicaid funding cuts for Planned Parenthood can stand while lawsuit proceeds

CONCORD, N.H. (AP) — The Trump administration can continue to withhold Medicaid funding from Planned Parenthood and other health centers that provide abortions as a coalition of mostly Democratic states challenges the cuts, a federal appeals court ruled.

The decision on Tuesday is one of multiple lawsuits filed after President Donald Trump signed tax breaks and spending cuts legislation in July that eliminated Medicaid reimbursement for Planned Parenthood and other abortion providers that received more than $800,000 in 2023. The lawsuits include two filed in Massachusetts by 21... Read More

Farmers can now learn how much aid they will get from the Trump administration

OMAHA, Neb. (AP) — Farmers are now learning how much aid they can expect to receive from a $12 billion package that President Donald Trump announced earlier this month.

The U.S. Department of Agriculture released the figures Wednesday for how much aid per acre farmers can plan on for each row crop. The details arrived after most farmers have already met with their bankers to arrange financing for next year's crops and placed orders for the seed and fertilizer they will need. But officials have promised that the payments should arrive by the end of February.

Soybean... Read More

Zohran Mamdani will be sworn in as mayor on a Quran, a first in New York City history

NEW YORK (AP) — Incoming Mayor Zohran Mamdani will take his midnight oath of office on a centuries-old Quran, marking the first time a mayor of New York City uses Islam’s holy text to be sworn in and underscoring a series of historic firsts for the city.

When the 34-year-old Democrat becomes mayor in a long-closed subway station beneath City Hall, he'll be the first Muslim, first South Asian and first African-born person to hold that position.

These milestones — as well as the historical Quran he will use for the ceremony — reflect the longstanding and vibrant... Read More

Zohran Mamdani to become NYC's next mayor with a midnight oath underground

Zohran Mamdani will become mayor of New York City as the clock ticks over into 2026 — but the celebrations are set to last through New Year's Day.

The Democrat's team is planning two separate swearing-in ceremonies Thursday — a small, private one with his family in an old subway station around midnight, followed by a large event in the afternoon that will include a public block party outside City Hall.

As a new mayor’s term begins immediately with the new year, it has been customary for the city's incoming leaders to hold two events. Departing Mayor Eric Adams... Read More

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Wall Street falls in light trading on the final day of 2025, another a banner year for markets

Appeals court says Medicaid funding cuts for Planned Parenthood can stand while lawsuit proceeds

Farmers can now learn how much aid they will get from the Trump administration

Zohran Mamdani will be sworn in as mayor on a Quran, a first in New York City history

Zohran Mamdani to become NYC's next mayor with a midnight oath underground

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