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Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates

The U.S. stock market had its worst day since October Friday as a sell-off in big technology companies weighed down the broader market and a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The S&P 500 sank 2.6%, its biggest one-day drop since October 10, when the Trump administration threatened to impose a 100% tariff on imported goods from China. The losses helped push the benchmark index to its first losing week in the last 10. The Dow Jones Industrial Average fell 1.4%, while the Nasdaq composite ...

‘A new series’

Before the Carolina Hurricanes made their comeback, before the Vegas Golden Knights needed a goal with 81 seconds left in regulation to tie it and before Seth Jarvis scored in overtime, the sound of Game 2 of the Stanley Cup Final was silence. The same crowd that roared at the start of the ...

Zverev will face Cobolli for Grand Slam title

PARIS — Jannik Sinner lost early. Carlos Alcaraz withdrew due to injury. The pressure has been on Alexander Zverev to finally win an elusive Grand Slam title and now the second-seeded German is only one victory away from raising the French Open trophy. Zverev reached the fourth major final of his career after beating 20-year-old Jakub Mensik 7-5, 6-2, 3-6, 6-3 in the Roland Garros semifinals on Friday. In Sunday's final, Zverev will face 14th-ranked Flavio Cobolli. Cobolli advanced when 104th-ranked Matteo Arnaldi withdrew before their all-Italian semifinal due to a ...

NYC is in a Knicks frenzy for its beloved team

NEW YORK (AP) — Jalen Brunson was wowed upon hearing how high the price had climbed on the secondary market for the cheapest ticket in New York for Game 3 of the NBA Finals between the Knicks and Spurs. What left the Knicks star nearly stumped was determining what he would deem worthy ...

Other voices: Saudi nuclear deal is troubling

No U.S. President has done more to confront Iran ’s nuclear program than Donald Trump, and one reason is to avert a nuclear arms race in the world’s most volatile region. Vice President JD Vance made that case recently, yet the Trump Administration is simultaneously advancing a civil nuclear deal with Saudi Arabia that would abandon long-held proliferation safeguards. Why? A State Department letter to Sen. Ed Markey (D., Mass.) dated May 18 says the Saudi deal is undergoing “final review” before Mr. Trump can submit it to Congress, Reuters reports. The deal wouldn’t require ...

Can’t tax the rich? States target nicotine — and working class

The political chant is “tax the rich,” but in at least 15 states, lawmakers looking for revenue are reaching instead into the pockets of smokers, vapers and nicotine-pouch users — disproportionately working-class consumers. Take Delaware. After Democrat Gov. Matt Meyers’s 2025 effort to raise income taxes on top earners failed to get through the legislature, lawmakers turned their revenue targeting toward nicotine users. They moved to raise the cigarette tax by more than 70%, double the tax on vaping liquid and impose a new 40% wholesale levy on nicotine pouches. Supporters ...