He is already serving a 20-year prison term handed down in 2018 for repeatedly stabbing his mother, strangling her and attempting to snap her neck, according to an appellate opinion upholding that conviction.
The Fed has yet to cut interest rates this year after slashing them through the end of 2024. Part of the reason for the pause is that the Fed wants to see how much Trump’s tariffs will hurt the economy and raise inflation. While lower interest rates could boost the economy, they could also give inflation more fuel.Longer-term Treasury yields have also been rising in recent weeks because of reasons outside the Fed’s control. Investors have been demanding the U.S. government pay more in interest to borrow because of
through tax cuts under discussion on Capitol Hill.On Wall Street, some companies that benefit from lower interest rates rallied after Treasury yields fell. Homebuilders D.R. Horton, PulteGroup and Lennar all rose more than 3%. Lower 10-year Treasury yields typically mean lower interest rates for mortgages, which can juice the homebuilding business.Hewlett Packard Enterprise rose 0.8% after delivering a stronger profit for the latest quarter than analysts expected.
CrowdStrike, the cybersecurity company that Delta Air Lines haslast summer, fell 5.8% despite reporting a stronger profit for the latest quarter than analysts expected. Its revenue fell just short of Wall Street’s target, as did its forecast for revenue in the current quarter.
All told, the S&P 500 added 0.44 to 5,970.81 points. The Dow Jones Industrial Average fell 91.90 to 42,427.74, and the Nasdaq composite added 61.53 to 19,460.49.
In stock markets abroad, indexes rose across much of Europe and Asia as the wait continued for more updates on trade talks that could convince Trump to lower his tariffs. Hopes for such deals have been a big reason U.S. stocks have roared back after falling roughly 20% below their record two months ago.The British and Canadian consulates earlier posted social media messages about remembering June 4. Hong Kong was a British colony until 1997. The U.S. consulate posted a message from U.S. Secretary of State Marco Rubio on its website.
“The CCP actively tries to censor the facts,” Rubio said, referring to China’s Communist Party. “But the world will never forget.”Participants attend a candlelight vigil at Democracy Square to mark the 36th anniversary of the Chinese military crackdown on the pro-democracy movement in Beijing’s Tiananmen Square, in Taipei, Taiwan, Wednesday, June 4, 2025. (AP Photo/Chiang Ying-ying)
Participants attend a candlelight vigil at Democracy Square to mark the 36th anniversary of the Chinese military crackdown on the pro-democracy movement in Beijing’s Tiananmen Square, in Taipei, Taiwan, Wednesday, June 4, 2025. (AP Photo/Chiang Ying-ying)Taiwan’s President Lai Ching-te used the anniversary to position the island he leads on the frontline of defending democracy against authoritarianism. In a Facebook post, he drew a distinction between Taiwan’s multiparty democracy and China’s one-party rule.