NEW YORK — (AP) — Wall Street is wobbling Wednesday on worries about corporate profits following a mixed set of earnings reports and forecasts from Microsoft and others. On one hand, worries are rising about weakening profits and an economy bending under the weight of hikes to interest rates by the Federal Reserve. Worries are rising that corporate profits are set to shrink broadly because of a slowing economy, higher interest rates and still-high inflation. Tesla shook off a morning loss of as deep as 4% to rise 1.3%. The two-year yield, which moves more on expectations for the Fed, fell to 4.14% from 4.21%.
Mevlut Cavusoglu departs on Tuesday for a meeting with U.S. counterpart Antony Blinken on a rare visit by a top Turkish official. Positioned at the crossroads between East and West, Turkey remains strategically important for Washington. Backing for the YPG has led senior Turkish officials to accuse Washington of ties to terror attacks such as November’s Istanbul bombing that killed six people. Despite Turkey’s ties with Moscow producing breakthroughs such as the grain deal and prisoner swaps, Washington is worried about sanctions-busting as Turkish-Russian trade levels have risen over the last year. Turkey’s recent attempts at rapprochement with Syria after a decade of bitter enmity has opened another break with the U.S.10 days ago WSB Radio
“We live in the Russian Federation, and our city lives by Moscow time,” Alexander Volga said in the video. ___KYIV, Ukraine — Ukraine’s presidential office says at least four civilians were killed and 10 others wounded in the last day by the latest Russian attacks. The local governor, Oleksiy Kuleba, said Friday on Telegram that the Kyiv region is set to see “tougher and longer” power outages than earlier in the war. Before invading Ukraine, Putin recognized the independence of the Russian-backed separatists’ self-proclaimed republics. ___KYIV, Ukraine — Ukrainian forces attacked Russia’s hold on the southern city of Kherson on Thursday while fighting intensified in the country’s east.3 months ago WSB Radio
FORSYTH COUNTY, Ga. — A congressional investigation found that 90% of the time customers of the money-sharing app Zelle file claims for fraud, they do not get any money refunded. The man on the phone warned Lay that her Zelle account had been hacked and money was stolen. However, the caller was the real thief, looking to use her Zelle account to steal money. An investigative report by Massachusetts Sen. Elizabeth Warren’s office found growing numbers of Zelle fraud claims. The letter demands all data on Zelle fraud and refunds.1 month ago WSB Radio
Ethan Pope died on December 3, 2021 after his family says he consumed O.P.M.S. “This should’ve never happened,” said Ethan’s mother, Dana Pope during a news conference at the State Capitol Thursday. There are no FDA-approved uses for kratom, and the agency has received concerning reports about the safety of kratom. FDA encourages more research to better understand kratom’s safety profile, including the use of kratom combined with other drugs. “Ethan’s brother and sister desperately miss their big brother,” said Ethan’s mother as she fought back tears.3 months ago WSB Radio
ATLANTA — Former Oakland Raiders owner Al Davis coined the term “Just win, baby.” Those three words may best describe the Georgia Bulldogs’ march to the College Football Playoff Championship game. Playing in Atlanta’s Mercedes-Benz stadium for the first of three times this season, Georgia trounced Oregon in the season opener 49-3 in a game that was not very close. A week later, they hosted Samford and dominated the similarly named Bulldogs 33-0, quickly climbing to #1 in the early season rankings. Down 19-9 late in the 3rd quarter, Georgia would rally and beat the Tigers 26-22 in a game that probably should not have been so close. The SEC championship marked game two at Mercedes-Benz Stadium, and the Bulldogs took care of business on the back of four Bennett touchdown passes to a 50-30 win over LSU.19 days ago WSB Radio
LOS ANGELES — The 50th anniversary of the American Music Awards will air live from Microsoft Theater in Los Angeles on Sunday night with spectacular performances and star-studded presentation sequences. As a musician and music lover, it’s amazing to be part of a night where music fans make their voices heard!” Brady said in a statement. According to the American Music Awards website, he could tie Michael Jackson and Whitney Houston for the most awards in a single year should he win in all eight categories. Last year’s award show was the most social telecast of 2021, with 46.5 million interactions, according to the American Music Awards website. See the complete list of nominees by category below with winners noted in bold and italics.2 months ago WSB Radio
SAO PAULO — (AP) — Brazil soccer fans were shocked into silence back home after the national team was eliminated by Croatia from the World Cup on Friday. Her cellphone lockscreen was the World Cup trophy, her phone cover picture was the players. Both children were excited about Brazil's young players and hoped they would bring home the country's first World Cup title since 2002. “I saw Brazil win two World Cup titles, but it hurts to watch it with your kids, hope they get to see the same, and then it doesn't work. “Tite brought a lot of strikers, but this match was for midfielders and we fell short.”___AP World Cup coverage: https://apnews.com/hub/world-cup and https://twitter.com/AP_SportsCopyright 2022 The Associated Press.1 month ago WSB Radio