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Month: June 2025

Wall Street’s rally stalls as US stocks post their 1st loss in 4 days

Wall Street’s rally stalls as US stocks post their 1st loss in 4 days

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Wall Street’s rally stalled after stocks climbed back within 2% of their all-time high. The S&P 500 slipped 0.3% Wednesday, marking its first drop in four days. The Dow Jones Industrial Average ended little changed, and the Nasdaq composite lost 0.5%. The action was stronger in the bond market, where Treasury yields eased after a report showed inflation ticked up by less last month than economists expected. That raised expectations for the Federal Reserve to cut interest rates later this year. Markets didn’t react much to the conclusion of two days of trade talks between the U.S. and China.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

NEW YORK (AP) — Wall Street’s rally is stalling on Wednesday after U.S. stocks climbed back within 2% of their all-time high.

The S&P 500 was 0.4% lower in late trading and on track for its first drop in four days. The Dow Jones Industrial Average was down 45 points, or 0.1%, with roughly an hour remaining in trading, and the Nasdaq composite was 0.6% lower. read more

Oxygen leak on SpaceX booster forces delay to Axiom Space mission to space station

Oxygen leak on SpaceX booster forces delay to Axiom Space mission to space station

SpaceX called off a planned Wednesday morning launch attempt of the crewed Axiom Space Ax-4 mission to deal with a liquid oxygen leak on the rocket booster.

“Standing down from tomorrow’s Falcon 9 launch of Ax-4 to the @Space_Station to allow additional time for SpaceX teams to repair the LOx leak identified during post static fire booster inspections,” SpaceX posted on X late Tuesday. “Once complete – and pending Range availability – we will share a new launch date.”

The Ax-4 mission was aiming for an 8 a.m. liftoff with weather concerns looking to potentially delay the flight, but in the end hardware issues made those moot. Now forced to wait are Axiom Space employee and former NASA astronaut Peggy Whitson commanding a crew customers paid for by the governments of India and Hungary as well as Poland through the European Space Agency.

“Human spaceflight’s really core to SpaceX’s ultimate mission and flying crew safely is always our top priority,” said SpaceX’s William Gerstenmaier, vice president of Build and Flight Reliability, during a Monday press call when he first discussed finding the leak. “Spaceflight is really hard, and we’re learning every day. The more we fly, the more we learn.” read more

SeaWorld Orlando rolls out summer concert schedule

SeaWorld Orlando rolls out summer concert schedule

SeaWorld Orlando has unveiled the lineup of concerts for its upcoming Bands, Brew & BBQ event.  The performances break down to equal parts headliners — such as Blue Oyster Cult and Lee Greenwood — and tribute acts over seven weekends this summer.

The concert schedule follows a schedule of tribute bands on Saturdays and country and rock acts on Sundays, beginning July 12.

The lineup, subject to change, includes:

July 12: Journey Tribute

July 13: Joe Nichols

July 19: Toby Keith Tribute

July 20: Blue Oyster Cult

July 26: Jason Aldean Tribute

July 27: DOKKEN

Avery Anna performs onstage during SiriusXM's The Music Row Happy Hour Live On The Highway from Margaritaville on June 10, 2023 in Nashville, Tennessee. (Photo by Jason Davis/Getty Images for SiriusXM)
Avery Anna (‘Indigo,’ ‘Mr. Predictable’) is among the August performers during SeaWorld’s Bands, Brew & BBQ event. (Jason Davis/Getty Images)

Aug. 2: Bon Jovi Tribute

Aug. 3: Avery Anna

Aug. 9: Luke Bryan Tribute

Aug. 10: LoCash

Aug. 16: Fleetwood Mac Tribute

Aug. 17: Fuel and Lit

Aug. 23: American Stones Tribute

Aug. 24: Lee Greenwood

SeaWorld Orlando: New emperor penguins set for Florida debut

The performances, held inside the park’s Nautilus Theater, are included with regular SeaWorld Orlando admission. Reserved seating will be available for purchase, although pricing has not yet been posted for that option. read more

Key student loan repayment applications reopen, processing to resume next month

Key student loan repayment applications reopen, processing to resume next month

The Education Department reopened the application for all income-driven repayment (IDR) plans on Mar. 26, after a month-long suspension that blocked federal student loan borrowers from enrolling in an IDR plan or recertifying their income.

Servicers will resume processing IDR applications no later than May 10, Acting Education Department Under Secretary James Bergeron wrote in an Apr. 8 court filing. In the meantime, borrowers who submitted an IDR application should automatically be placed in a processing forbearance for up to 60 days. Call your servicer to confirm it has received your application and put you in a forbearance.

» MORE: What is administrative forbearance for student loans?

The department initially took down the IDR application after a court action in the lawsuits against SAVE, a new IDR plan introduced by the Biden administration.

The application reopening came a week after the American Federation of Teachers (AFT) filed a lawsuit against the Education Department, alleging the department broke federal law by blocking borrowers’ access to IDR plans and Public Service Loan Forgiveness (PSLF). read more

Dozens of states sue to block the sale of 23andMe personal genetic data without customer consent

Dozens of states sue to block the sale of 23andMe personal genetic data without customer consent

PORTLAND, Ore. (AP) — Twenty-seven states and the District of Columbia on Monday filed a lawsuit in bankruptcy court seeking to block the sale of personal genetic data by 23andMe without customer consent. The lawsuit comes as a biotechnology company seeks the court’s approval to buy the struggling firm.

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Biological samples, DNA data, health-related traits and medical records are too sensitive to be sold without each person’s express, informed consent, Oregon Attorney General Dan Rayfield said in a news release about the lawsuit. Customers should have the right to control such deeply personal information and it cannot be sold like ordinary property, it said. read more