Stock investors kicked into selling mode after the U.S. economy posted subpar growth in the first quarter.  The Dow Jones Industrial Average fell by triple digits, with the S&P 500 and tech-heavy Nasdaq Composite also seeing sharp pullbacks in early trading. IBM, Caterpillar and Microsoft – which reports earnings after the close of trading – paced the Dow’s steep drop, while Merck, Coca-Cola and Apple rose. Google parent Alphabet and Intel will also report results later today. STOCK MARKET SELLOFF HAS FURTHER TO GO: JPMORGAN Ticker Security Last Change Change % IBM INTERNATIONAL BUSINESS MACHINES CORP. 168.76 -15.25 -8.29%CAT CATERPILLAR INC.…

Washington    The US economy cooled more than expected in the first quarter of the year, but remained healthy by historical standards. Economic growth has slowed steadily over the past 12 months, which bodes well for lower interest rates, but the Federal Reserve has made it clear it’s in no rush to cut rates. Gross domestic product, which measures all the services and goods produced in the economy, measured an annualized rate of 1.6% in the first quarter, the Commerce Department reported Thursday. It was the weakest pace of growth since the second quarter of 2022 when the economy contracted.…

New York    US stocks sank Thursday morning after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected. The Dow fell by 681 points, or 1.7%; the S&P 500 was down 1.5% and the Nasdaq Composite slid by 1.9%, as investors projected a longer wait for the first rate cut from the Federal Reserve. “This report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,” wrote Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, in a note…

Animal studies suggest that restricting calories may prolong life, and there is some evidence of a similar effect in people, but experts do not yet understand exactly why.Telomeres are sections at the end of chromosomes that shorten as cells age, and a new study has investigated whether caloric restriction might slow this process and, therefore, the rate of cell aging.In the study, people on restricted calories lost more telomere length initially, but the shortening then slowed.The researchers plan to follow up participants after 10 years to investigate whether prolonged caloric restriction slows telomere shortening further.It is well known that diet…

Last updated: April 25, 2024 09:12 EDT | 3 min read DOGE has fallen by 8% today, with the Dogecoin price slipping to $0.149 in the past 24 hours, as the cryptocurrency market tumbles by 5%.The meme token is actually up by 2% in a week, although it has fallen by 25% in a fortnight and by 20% in a month.This puts it in danger of completing a classic head-and-shoulders pattern over the past couple of months, a move which would imply a drop to around $0.12.However, it will arguably bottom out well before it completes such a chart pattern,…

Washington    Home sales based on contract signings jumped in March despite elevated mortgage rates that month. Pending home sales climbed 3.4% in March, the National Association of Realtors reported Thursday, which was “the best performance in a year,” according to a release. Contract signings rose across the country in March from the prior month, except in the Midwest. Despite the March gain, pending home sales are still “in a fairly narrow range over the last 12 months without a measurable breakout,” NAR’s chief economist, Lawrence Yun, said in a releae. “Meaningful gains will only occur with declining mortgage rates…

Southwest Airlines announced Thursday that the carrier is pulling out of several airports as it contends with financial fallout from Boeing delays.  Chief Executive Bob Jordan warned in its latest earnings report that the carrier has intensified its network optimization efforts to address underperforming markets. As a result of these efforts, the Texas-based carrier is closing operations at Houston’s George Bush Intercontinental Airport in Houston, the Bellingham International Airport in Washington, the Cozumel International Airport in Mexico and the Syracuse Hancock International Airport in New York.  UNITED SAID IT LOST $200 MILLION FROM THE TEMPORARY GROUNDING OF THE BOEING 737 MAX…

Like many little girls, a young Kristi Yamaguchi loved playing with Barbie. With a schedule packed with ice skating practices, her Barbie dolls became her “best friends.”So, it’s surreal for the decorated Olympian figure skater to now be a Barbie girl herself.”It’s a huge, huge honor. I think a lot of pride comes along with it, not just recognizing the Olympic achievement, but also being recognized during AAPI Month and following in the footsteps of some incredible women that I idolize – Anna May Wong, Maya Angelou and Rosa Parks,” Yamaguchi told The Associated Press. “It’s hard to see me…

NEW YORK (AP) New York’s highest court on Thursday overturned Harvey Weinstein’s 2020 rape conviction, finding the judge at the landmark #MeToo trial prejudiced the ex-movie mogul with improper rulings, including a decision to let women testify about allegations that weren’t part of the case.The state Court of Appeals ruling reopens a painful chapter in America’s reckoning with sexual misconduct by powerful figures an era that began in 2017 with a flood of allegations against Weinstein. The court ordered a new trial. His accusers could again be forced to relive their traumas on the witness stand.Weinstein, 72, has been serving…

Hays Consolidated Independent School District has suspended a long-term substitute teacher at Johnson High School pending an investigation into inappropriate classroom activities. The district was notified of an assignment involving a puppet show where violence was depicted, including a scenario described by students as a mass shooting.The district emphasized that if these events are confirmed, such behavior is considered deeply troubling and unacceptable. “Assigning or allowing the depiction of such scenarios in a school performance crosses a line,” the district stated. The ongoing investigation could lead to the substitute being barred from teaching within the district. Further actions may involve…

Harvey Weinstein’s 2020 rape conviction was overturned Thursday in New York, making way for a new trial.The state Court of Appeals found that the judge in the landmark #MeToo trial prejudiced the former film mogul with improper rulings, including a decision to let women testify about allegations that weren’t part of the case.The court ordered a new trial and his accusers could again be called to testify. Juda Engelmayer, a spokesperson for Weinstein, said they are “thrilled with the court’s decision.” “We obviously have a long road ahead of us in California,” Engelmayer said in a statement to NBC News.Weinstein,…

Researchers are reporting that taking acid-reducing drugs could increase the chance of severe headaches. They note that acid-reducing drugs are often considered to be overprescribed.They acknowledge that the study doesn’t prove acid-reducers cause migraine, only that there could be an association.People who take acid-reducing drugs to help their stomach might be increasing their risk of severe headaches. A study published today in the journal Neurology Clinical Practice reports that people who take acid-reducing drugs could have a higher risk of migraine and other severe headaches than those who don’t take them.Researchers said headaches could be associated with acid reducing proton…

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NEW YORK (AP) — New York’s highest court on Thursday overturned Harvey Weinstein’s 2020 rape conviction, finding the judge at the landmark #MeToo trial prejudiced the ex-movie mogul with “egregious” improper rulings, including a decision to let women testify about allegations that weren’t part of the case.“We conclude that the trial court erroneously admitted testimony of uncharged, alleged prior sexual acts against persons other than the complainants of the underlying crimes,” the court’s 4-3 decision said. “The remedy for these egregious errors is a new trial.”The state Court of Appeals ruling reopens a painful chapter in America’s reckoning with sexual…

   The clock has begun ticking for TikTok to find a new owner. President Joe Biden signed legislation Wednesday that would ban TikTok in the United States unless its Chinese parent, ByteDance, sells the app. TikTok plans to challenge the law in court, but if it fails, the company would have to find a buyer, and fast. That raises the question of who the US government might view as a suitable new owner of a social media platform with 170 million US users and a rising challenger to legacy social media giants such as Facebook-parent Meta. The prospect of a…