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Stock market today: More swerves hit Wall Street as Trump’s “Liberation Day” nears

Stock market today: More swerves hit Wall Street as Trump’s “Liberation Day” nears

By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stocks are swerving through another shaky day of trading Tuesday, with uncertainty still high about just what President Donald Trump will announce about tariffs on his “Liberation Day” coming Wednesday.

The S&P 500 was up by 0.6% in midday trading after storming back from an early drop of 1%. The Dow Jones Industrial Average was up 135 points, or 0.3%, as of 12:18 p.m. Eastern time, after eliminating a morning loss of 480 points. The Nasdaq composite was 1.1% higher.

Wall Street has been particularly shaky recently, and momentum has been swinging not just day to day but also hour to hour because of uncertainty about what Trump will do with tariffs — and by how much they will worsen inflation and grind down growth for economies. On Monday, for example, the S&P 500 careened from an early loss of 1.7% to a gain of 0.6%.

Tesla helped drive Tuesday’s rise after climbing 6.9%. That, though, clawed back just a small portion of the electric-vehicle maker’s steep losses this year, and it’s still down by nearly a third for 2025 so far. read more

Hooters restaurant chain, known for skimpy wait-staff outfits, files for bankruptcy protection

Hooters restaurant chain, known for skimpy wait-staff outfits, files for bankruptcy protection

By ELAINE KURTENBACH, Associated Press Business Writer

BANGKOK (AP) — Hooters, the U.S.-based restaurant chain known for chicken wings and “Hooters Girls” skimpy wait-staff outfits, has filed for bankruptcy protection.

HOA Restaurant Group filed the motion for Chapter 11 protection Monday in the North Texas Bankruptcy Court in Dallas.

The company ran into financial woes as its debts mounted, but it says it intends to stay open and resolve its troubles within months. A group of the company’s original founders that own almost a third of Hooters’ U.S. locations, including about half of its biggest volume restaurants, plans to buy and operate more of the outlets, Hooters said in a news release.

Bartender Bernie De Guzman serves drinks at the Hooters Restaurant
LAS VEGAS – FEBRUARY 02: Bartender Bernie De Guzman serves drinks at the Hooters Restaurant during the grand opening of the Hooters Casino Hotel February 2, 2006 in Las Vegas, Nevada. The property, on the site of what used to be the Hotel San Remo, features 696 rooms, several bars and restaurants, including Dan Marino’s Fine Food & Spirits, and 250 Hooters Girls working as cocktail servers, bartenders and dealers in the 30,000 square-foot casino and the Hooters Restaurant. (Photo by Ethan Miller/Getty Images)

“Our renowned Hooters restaurants are here to stay and we are taking action to strengthen our business to better serve our valued customers over the long term,” the company said in a notice on its website.

Hooters, based in Atlanta, Georgia, was founded in Clearwater, Florida, in 1983. Trouble had been brewing for a while. read more

Progress report: Disney World execs talk theme-park projects

Progress report: Disney World execs talk theme-park projects

There are multiple projects in the works at Walt Disney World, and executives recently shared updates during a “Behind the Magic” session with members of the media.

The newsiest bits may have been that there’s an upgrade coming for Buzz Lightyear’s Space Ranger Spin ride at Magic Kingdom and the kids-pay-half-price ticket offer coming this summer.

Other updates concerned previously announced developments.

“I turn around and every time I walk someplace, I see we’re digging someplace new. It’s just amazing all the things that are coming out of the ground,” said Jeff Vahle, president of Walt Disney World.

He noted that he was around for the Disney Decade, the 1990s period of planned expansion under then-CEO Michael Eisner.

“This is bigger than that with what we’re doing, what we’re envisioning, what we’ve announced, and, by the way, what we haven’t announced,” Vahle said. “I’ve never been more positive on the future that we have.”

Disney to shut down Buzz Lightyear ride and give it a new spin read more

Private SpaceX mission launches humans on 1st polar orbit

Private SpaceX mission launches humans on 1st polar orbit

KENNEDY SPACE CENTER — SpaceX chalked up another human spaceflight Monday night, taking four civilians on a trip around the Earth that has never been done before.

Now circling the planet on a first-ever polar orbit, the crew of the Fram2 mission had climbed aboard the Crew Dragon Resilience on Monday night launching atop a Falcon 9 rocket from KSC’s Launch Complex 39-A at 9:46 p.m.

The rocket rumbled off the pad with a barrage of thunderstorms lighting up the sky in the distance. KSC had been under lightning and hail warnings as a stormfront with 40 mph winds plowed through the Space Coast even as the crew sat in its spacecraft at the pad awaiting launch.

But launch they did, with the rocket path arcing to the south off Florida’s East Coast creating a unique blue-and-orange plume in the night sky billowing out like a jellyfish. The trajectory took it over Cuba and then off the Pacific Coast of South America.

Footing the bill for the flight is Chinese-born Chun Wang of Malta, an entrepreneur who made a fortune in cryptocurrency and an avid adventurer who has visited both the Arctic and Antarctica, but by land. What he’s paying has not been announced, but a similar private mission run by Axiom Space but contracting with SpaceX for use of its spacecraft cost each of its passengers $55 million. read more

Trump welcomes Kid Rock to White House for order targeting ticket scalpers

Trump welcomes Kid Rock to White House for order targeting ticket scalpers

By WILL WEISSERT

WASHINGTON (AP) — President Donald Trump invited Kid Rock into the Oval Office on Monday and signed an executive order that he says will help curb ticket scalping and bring “commonsense” changes to the way live events are priced.

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“Anyone who’s bought a concert ticket in the last decade, maybe 20 years — no matter what your politics are — knows that it’s a conundrum,” said Kid Rock, who wore a red bedazzled suit featuring an American flag motif and a straw fedora. read more