World/National Archives - Page 24 of 74

Back trouble and brain fog bothered suspect in UnitedHealthcare CEO killing, his posts show

Social media posts from Luigi Mangione show the man suspected of killing UnitedHealthcare CEO Brian Thompson underwent successful back surgery last year that alleviated debilitating chronic pain. He repeatedly posted on Reddit about his recovery and offered words of encouragement for other people with similar conditions. But notably absent from the posts are explicit concerns about corporate greed within the health insurance industry. Those appear to have surfaced only later: in the handwritten manifesto recovered this week by police. Despite recent revelations about a potential motive, Mangione’s descent into rage and violence remains largely a mystery.… Continue Reading

Stock market today: Wall Street’s rally stalls as Nasdaq pulls back from its record

NEW YORK (AP) — U.S. stock indexes fell following some potentially discouraging data on the economy. The S&P 500 slipped 0.5% Thursday for its fourth loss in the last six days. The Dow Jones Industrial Average lost 0.5%, and the Nasdaq composite sank 0.7% from its record set the day before. Reports in the morning showed more U.S. workers applied for unemployment benefits than expected, while inflation was hotter at the wholesale level than economists expected. Adobe helped drag the stock market lower after giving forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’.… Continue Reading

Trump is named Time’s Person of the Year and rings the New York Stock Exchange’s opening bell

NEW YORK (AP) — President-elect Donald Trump rang the opening bell at the New York Stock Exchange after being recognized by Time magazine as its person of the year. The honors Thursday for the businessman-turned-politician are a measure of Trump’s remarkable comeback from an ostracized former president who refused to accept his election loss four years ago to a president-elect who won the White House decisively in November. At the stock exchange, Trump was accompanied by his wife, Melania Trump, daughters Ivanka and Tiffany and Vice President-elect JD Vance. Trump grinned as people chanted “USA” before he opened the trading day and raised his fist.… Continue Reading

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000

NEW YORK (AP) — Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 gained 0.8% Wednesday to break a two-day losing streak and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average lagged with a dip of 0.2%. Stocks got a boost as expectations built that the Fed will deliver another cut to interest rates at its meeting next week.… Continue Reading

Gun found on suspect in killing of UnitedHealthcare CEO matches shell casings at scene, police say

ALTOONA, Pa. (AP) — New York City’s police commissioner says the gun found on the suspect in the killing of UnitedHealthcare’s CEO matches shell casings found at the crime scene. Commissioner Jessica Tisch also said Wednesday that lab results matched suspect Luigi Mangione’s prints to a water bottle and a snack bar wrapper found near the scene of the killing. Police had said earlier that they believed the gunman bought the items at a nearby coffee shop while awaiting his target. Mangione is jailed in Pennsylvania on weapon and forgery charges, but he also has been charged in New York with murder in Brian Thompson’s death. His lawyer has noted that Mangione is presumed innocent.… Continue Reading

FBI Director Wray says he intends to resign at end of Biden’s term in January

WASHINGTON (AP) — FBI Director Christopher Wray says he plans to resign at the end of President Joe Biden’s term in January. The announcement Wednesday comes a week and a half after President-elect Donald Trump announced his intention to nominate loyalist Kash Patel for the position. At a town hall meeting with the bureau workforce, Wray said he would be stepping down “after weeks of careful thought.” Wray had previously been named by Trump and began the 10-year term. a length meant to insulate the agency from the political influence of changing administrations — in 2017, after Trump fired then-FBI Director, James Comey.… Continue Reading

The Trump and Biden teams insist they’re working hand in glove on foreign crises

WASHINGTON (AP) — President-elect Donald Trump doesn’t think much of Joe Biden’s foreign policy record. He frequently casts the outgoing Democratic president as a feckless leader who shredded American credibility around the world during his four-year term. But the Trump and Biden national security teams have come to an understanding that they have no choice but to work together as conflicts in Gaza, Syria and Ukraine have left a significant swath of the world on a knife’s edge. It’s fuzzy how much common ground Biden and Trump’s teams have found as they navigate crises that threaten to cause more global upheaval as Trump prepares to settle back into the White House.… Continue Reading

Google forges ahead with its next generation of AI technology while fending off a breakup threat

SAN FRANCISCO (AP) — Google on Wednesday unleashed another wave of artificial intelligence designed to tackle more of the work and thinking done by humans as it tries to stay on technology’s cutting edge while also trying to fend off regulatory threats to it internet empire. The next generation of Google’s AI is being packaged under the Gemini umbrella unveiled a year ago. Google is framing its release of Gemini 2.0 as a springboard for AI agent built to interpret images shown through a smartphone, perform a variety of tedious chores, remember the conversations they have with people, help video game players plot strategy and even tackle the task of doing online searches.… Continue Reading

Stock market today: Wall Street slips to a rare back-to-back loss

NEW YORK (AP) — U.S. stock indexes drifted lower in the runup to the highlight of the week for the market, the latest update on inflation. The S&P 500 slipped 0.3% Tuesday for its first back-to-back losses in nearly a month. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite also fell 0.3%. Oracle dragged on the market after reporting weaker growth than analysts expected. Treasury yields rose in the bond market ahead of Wednesday’s inflation report, which will be among the final big pieces of data before the Federal Reserve’s meeting on interest rates next week.… Continue Reading

Suspect in the killing of UnitedHealthcare’s CEO struggles, shouts while entering courthouse

ALTOONA, Pa. (AP) — Court records show New York prosecutors have charged a man with murder in the fatal shooting of UnitedHealthcare’s CEO. Luigi Nicholas Mangione is being held without bail Tuesday in Pennsylvania after he was arrested and arraigned on gun, forgery and other charges the day before. He is expected to be extradited to New York eventually. It’s unclear whether the 26-year-old Mangione has an attorney who can comment on his behalf. Authorities say he was arrested in Altoona, Pennsylvania, after a McDonald’s customer noticed another patron who resembled the man in security-camera photos that New York police had publicized.… Continue Reading