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Wall Street holds near its records following the latest report showing the US job market is slowing

Wall Street holds near its records following the latest report showing the US job market is slowing

By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stocks are drifting around their record levels on Tuesday following the latest discouraging signal on the job market’s health. Wall Street is hoping for a slowdown that’s deep enough to get the Federal Reserve to cut interest rates, but not so overwhelming that it causes a recession.

The S&P 500 rose 0.1% after bobbing earlier in the morning around its all-time high set last week. The Dow Jones Industrial Average was up 106 points, or 0.2%, as of 12:37 p.m. Eastern time, and the Nasdaq composite was edging higher by 0.1% from its own record set the day before.

Traders have become convinced that the Federal Reserve will cut interest rates for the first time this year at its next meeting in a week to prop up the slowing job market. A report Tuesday offered the latest signal of weakness, as the U.S. government said its prior count of jobs across the country through March may have been too high by 911,000, or 0.6%.

That was before President Donald Trump shocked the economy and financial markets in April by rolling out tariffs on countries worldwide. read more

How tariffs could mess with your pumpkin spice

How tariffs could mess with your pumpkin spice

Like a crisp breeze and a color-changing leaf, pumpkin spice is the harbinger of fall. And it’s here — unavoidably so. As in, you can’t turn your head in a grocery store without seeing some kind of pumpkin-spice-flavored food: cookies, pancake mix, oatmeal, coffee creamer, granola bars, donuts, muffins, hummus, cereal, ice cream … you get the picture.

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Pumpkin spice is traditionally a blend of five spices — cinnamon, nutmeg, ginger, cloves and allspice — and they’re all sourced primarily outside the U.S.

The spice industry is bracing for how tariffs could impact prices to import a variety of spices. The American Spice Trade Association says many spices require tropical conditions, which means they can’t be cultivated domestically. That includes staple spices like cinnamon, pepper, nutmeg, cloves and vanilla. read more

Apple unveils its latest iPhone lineup amid Trump’s trade war

Apple unveils its latest iPhone lineup amid Trump’s trade war

By MICHAEL LIEDTKE, AP Technology Writer

Apple has unveiled its new iPhones 17 lineup, along with updates to its digital watches and AirPod products at its annual September product launch.

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The new iPhones are the first to be released since President Donald Trump returned to the White House and unleashed a barrage of tariffs, in what his administration says is an attempt to bring overseas manufacturing back to the U.S. — a crusade that has thrust Apple CEO Tim Cook into the hot seat.

The new devices come with a larger, 6.3-inch display and is powered by a new a A19 chip to help power Apple’s AI features. The iPhone 17’s front camera has also been upgraded to have a wider field of view and new sensor, allowing you to take landscape photos without having to rotate your phone read more

Ford recalling almost 1.5 million vehicles in US due to rear view camera issue

Ford recalling almost 1.5 million vehicles in US due to rear view camera issue

Ford is recalling almost 1.5 million vehicles in the United States because the rear view camera may show a blank or distorted image on the center display screen while the vehicle is in reverse, which can reduce or distort the driver’s view of what’s behind the car and increase the risk of a crash.

The recall includes certain vehicles from model years 2015 to 2019 of the Lincoln Navigator, Lincoln MKC, Mustang, Ranger, Transit, Transit Connect, Econoline, Edge, Expedition, F-250 SD, F-350 SD, F-450 SD and F-550 SD.

The National Highway Traffic Safety Administration said Monday in its safety recall report that Ford is aware of 18 accidents and no injuries related to the camera issue.

The agency said that vehicle owners will be notified by mail and instructed to take their vehicles to a Ford or Lincoln dealer to have the rear view camera inspected and replaced, if necessary. There will be no charge for the service.

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Police arrest 13-year-old boy with 23 guns over school shooting threats
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Miami judge overturns landmark $30M jury verdict against Expedia on Cuba case

Miami judge overturns landmark $30M jury verdict against Expedia on Cuba case

MIAMI — In an unusual decision, a federal judge overturned the first jury trial verdict in a Helms-Burton lawsuit, which had awarded a Cuban-American Miami man $30 million in damages against each of the booking companies Expedia, Orbitz, and Hotels.com for allegedly trafficking in confiscated property in Cuba.

Decisions to “set aside” jury verdicts are rare, but judges do so when they believe there’s insufficient evidence to support the verdict or the jury did not apply the law correctly.

In an order filed Friday, Francisco A. Moreno, a senior judge at the U.S. District Court for the Southern District of Florida, said that lawyers for a man with a claim on confiscated land in Cayo Coco, a Cuban tourism destination, failed to prove that Expedia Group had trafficked in hotels the Cuban government later built on his property.

Mario Echevarría sued Expedia Group, Inc., but not its subsidiary Expedia Inc., which made the booking in the Cuban hotels. Moreno said Echevarría’s lawyers failed to provide convincing evidence that Expedia Group facilitated the bookings and that the holding company could not be held liable for the actions of its subsidiary. read more