NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds. Normally, investors rush into them at a whiff of economic chaos but now not even the lure…… MORE
Potential Impact of Trump’s Trade War On Jobs And Inflation Sends US Consumer Sentiment Plunging
WASHINGTON (AP) — Consumer sentiment fell sharply in April for the fourth straight month as the trade war has fueled worries about the health of the job market and inflation. The University of Michigan’s closely watched consumer sentiment index, released Friday, fell 11% to 50.8, the lowest since the depths of the pandemic. The decline…… MORE
Trump Administration Says It will Exclude Some Electronics From ‘Reciprocal’ Tariffs
(WBAP/KLIF) WASHINGTON (AP) — The Trump administration says it will exclude electronics like smartphones and laptops from “reciprocal” tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S. It would also benefit big tech companies like Apple and Samsung and chip makers like Nvidia. U.S.…… MORE
Dallas Selects New Police Chief
DALLAS – (WBAP/KLIF) – A Houston DEA agent is named as the new Dallas Police Chief. Dallas City Manager Kimberly Bizor-Tolbert says she’s selected Houston DEA Special Agent Daniel Comeaux to be the next chief of Dallas Police Department, saying “The City of Dallas continues to achieve crime reduction year after year. I am confident…… MORE
Fundraiser for Student Stabbing Suspect Builds Quickly
WFAA – (WBAP/KLIF) – An online fundraiser for the teen charged with murder in the death of 17 year old Frisco track meet attendee Karmelo Anthony has raised more than $350,000 – and controversy about whether a criminal suspect should be able to fundraise on a public worldwide site.. Anthony was arrested and charged with…… MORE