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Traders work on the floor at the New York Stock Exchange on April 24, 2025.Brendan McDermid | ReutersStocks sold off on Wednesday, pressured by a sharp spike higher in Treasury yields as traders grew worried that a new U.S. budget bill would put even more stress on the country’s already large deficit.The Dow Jones Industrial Average lost 816.80 points, or 1.91% to 41,860.44. The S&P 500 shed 1.61% to 5,844.61. The Nasdaq Composite slid 1.41% to 18,872.64.The 30-year Treasury bond yield last traded around 5.09%, touching the highest level going back to October 2023. The benchmark 10-year Treasury note yield…

Sens. Chuck Grassley, R-Iowa, and Amy Klobuchar, D-Minn., are introducing a resolution today that calls on Russia to return abducted Ukrainian children before any agreement to end the war is finalized.  In a statement, Grassley blamed Russian President Vladimir Putin for the “inhumane and unprovoked attack on Ukraine,” adding that Putin “kidnapped thousands of children to brainwash and Russify them in an attempt to destroy their cultural identity and heritage.” “The United States ought to demand these children are returned before inking a deal to end the war in Ukraine,” Grassley said. In April, 40 religious leaders sent a letter calling on Trump and Secretary of…

CNN  —  George Wendt, an actor and comedian who was beloved for his performance as Norm Peterson on the long-running comedy series “Cheers” has died, his family announced. He was 76. “George was a doting family man, a well-loved friend and confidant to all of those lucky enough to have known him. He will be missed forever,” a representative for the family said in a statement to CNN. A Chicago-native, Wendt got his start in acting when he joined in the famed improv school The Second City Mainstage in 1975. He earned six Emmy nominations throughout his nearly five decade…

Palo Alto Networks signage displays on the screen at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | ReutersPalo Alto Networks reported better-than-expected earnings and revenue for the latest quarter but its gross margin was below estimates. The stock dropped 4% in extended trading on Tuesday.Here’s how the company did, compared to analysts’ consensus estimates from LSEG:Earnings per share: 80 cents, adjusted vs. 77 cents expectedRevenue: $2.29 billion vs. $2.28 billion expectedSales in the company’s fiscal third-quarter grew 15% from $1.98 billion a year earlier. Net income fell to $262.1 million, or 37 cents per…

The US private military contracting firm set to oversee Gaza aid distribution on Israel’s behalf is actively hiring for positions on LinkedIn, according to job postings shared with Middle East Eye by current and former US officials. The firm, Safe Reach Solutions, or SRS, says it is actively looking for “Humanitarian Liaison Officers” who will “serve as vital connectors between our operational teams and the broader humanitarian community,” according to one job description. Another position on offer a week ago but has since closed is for a “Team Deputy/Manager” to support “day-to-day management, planning, and mission execution”. A liaison officer…

Tel Aviv CNN  —  Newly freed Israeli-American hostage Edan Alexander provided new information about Israeli hostage Matan Zangauker, confirming that he is alive but suffering from significant weight loss, abdominal pain and mental distress, according to Zangauker’s family. Zangauker was held by Hamas alongside Alexander from October 7, 2023, until Alexander’s release last week, Zangauker’s family said in a statement. The family said it learned about Zangauker’s condition following Alexander’s release. Zangauker, 25, has been in “severe mental distress” in recent months, according to information disclosed by his family, and has been refusing to speak or eat, even after Hamas…

CNN  —  Attorneys for Vietnamese and Burmese migrants alleged in a new emergency motion Tuesday that the Trump administration deported their clients to South Sudan in violation of a previous court order. The motion is part of an ongoing case about the removal of migrants to third countries as the Trump administration pushes forward with its mass deportation plans. At least a dozen migrants were abruptly removed to South Sudan this week, according to attorneys who argued in Tuesday’s filing that some of them didn’t receive proper notice or the opportunity to contest their deportation to a third country. One…

Elon Musk said Tuesday that he expects Tesla and xAI will continue buying chips from semiconductor giants Nvidia and AMD, and possibly others.Musk’s artificial intelligence company, xAI, which now owns social media platform X, has already installed 200,000 GPUs at its Colossus facility in Memphis, Tennessee, the Tesla CEO told CNBC’s David Faber on Tuesday. XAI is also planning a 1 million GPU facility outside Memphis, Musk said. He did not specify how many chips the company had already ordered and by which date they may be installed.”A few years ago, I made a very obvious prediction, which is that the limitation…

As the 44th Vice President of the United States, Dan Quayle made dozens of diplomatic trips, many aimed at helping to shape the post-Cold War Soviet Union. As a voter, Quayle has cast his ballot for Donald Trump in three consecutive presidential elections. But when you put those two things together, the current view from the former V.P. comes to a pessimistic conclusion about the current posture in U.S.-Russia relations and the war in Ukraine.”We are not approaching the end,” Quayle, who is now chairman of Cerberus Global Investments, said at the CNBC CEO Council Summit in Arizona on Tuesday.…

UNITED STATES – MARCH 31: Rep. Billy Long, R-Mo., is seen during the House Energy and Commerce Subcommittee on Communications and Technology hearing titled Connecting America: Oversight of the FCC, in Rayburn Building on Thursday, March 31, 2022. Tom Williams | Cq-roll Call, Inc. | Getty ImagesSenate lawmakers pressed President Donald Trump’s pick for IRS Commissioner, former Missouri Congressman Billy Long, about his opinions on presidential power over the agency, use of taxpayer data and his ties to dubious tax credits.Long, who worked as an auctioneer before serving six terms in the House of Representatives, answered Senate Finance Committee queries…