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Ticker: Bond market swings back to worries

The relief that swept the bond market just a day earlier disappeared as oil prices, worries about high inflation and the U.S. government’s debt kept rising. That helped knock the U.S. stock market to its worst loss in three weeks on Thursday. The S&P 500 fell 0.9% for a fourth loss in the five days since setting its record last week. The Dow Jones Industrial Average dropped 1.3%, and the Nasdaq composite sank 1%. Treasury yields climbed after the price of Brent crude rose 2.4% following President Donald Trump’s latest threat to Iran. Walmart reports slowest sales growth in 6 ...

US national debt now stands at $40 trillion

WASHINGTON — The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending. The milestone figure was recorded ...

Briefcase: Giant offering flu and pneumonia vaccinations

CARLISLE The Giant Company announced flu and pneumonia vaccinations are now available at all in-store pharmacies. With more than 130 locations across Pennsylvania, Maryland, Virginia and West Virginia, receiving a flu shot at Giant and Martin’s pharmacies is easy and convenient. Walk-ins are welcome, but customers can also make an appointment if they prefer. Most insurance plans, including Medicare Part B, cover recommended flu vaccinations with little or no out-of-pocket cost. Historically, the Centers for Disease Control and Prevention recommends annual influenza vaccinations ...

Ticker: Former Meta engineer testifies in safety trial

A former engineering director at Meta who has testified before Congress about child safety on Instagram told jurors at a landmark trial that the company took a “don’t ask, don’t tell” approach on kids under 13 on its platforms. During his second day of testimony Wednesday, Arturo Bejar said Meta consistently prioritized profits over safety in designing its products. The trial that began Tuesday in federal court in Oakland, California, pits Meta against the states of California, Colorado, Kentucky and New Jersey and is expected to last about six weeks. The company has rejected ...

ABC network sues FCC over challenge to broadcast licenses

Further escalating its battle with the Trump administration, ABC on Tuesday took the rare step of suing the Federal Communications Commission on First Amendment grounds, saying the agency’s demand for early review of its broadcast licenses posed an “existential threat” to the ...

Ticker: Meta trial begins with vulnerability arguments

Opening statements started Tuesday in a pivotal trial for Meta Platforms in a California federal court, where states are seeking billions of dollars in damages for social media harms to children. Attorneys general from California, Colorado, Kentucky and New Jersey are seeking extensive financial damages plus changes to how the company operates Facebook and Instagram. Twenty-nine states sued the tech giant in 2023 over child safety and privacy. The other 25 will go to trial later. The company also faces lawsuits in state courts. Meta said in a statement that it believes it has a strong ...