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NEW YORK (AP) - Wall Street ticked to more records Monday after bouncing back from losses. The S&P 500 tacked 0.2% onto its prior all-time high set on Friday. The Dow Jones Industrial Average recovered an early loss of nearly 500 points and added 86, or 0.2%, to its own record, while the Nasdaq composite gained 0.3%.
HONG KONG (AP) – A Hong Kong court heard arguments Monday about the sentencing of democracy advocate and onetime-media magnate Jimmy Lai, whose conviction under a national security law could land him in prison for the rest of his life. Lai founded the now-defunct Apple Daily newspaper and was an outspoken critic of China’s ruling Communist Party.
WASHINGTON (AP) – The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell appeared on Monday to be emboldening defenders of the U.S. central bank that President Donald Trump wants to bring under his sway. The backlash reflected the bigger stakes of a contest about the fate of the Fed’s independence.
NEW YORK (AP) – Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying Monday that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio.
LAS VEGAS (AP) – Allegiant Air said it will acquire Sun Country Airlines in a cash-and-stock deal valued at about $1.5 billion, including debt, in a move combining two low-cost U.S. carriers focused on leisure travel.
NEW YORK (AP) – Stocks of credit card companies are dropping Monday after President Donald Trump threatened moves that could eat into their profits. The rest of Wall Street, meanwhile, is showing only modest signs of concern after tensions ramped to a much higher degree between the White House and the Federal Reserve.
DUBAI, United Arab Emirates (AP) – U.S. President Donald Trump said Iran wants to negotiate with Washington after his threat to strike the Islamic Republic over its crackdown on protesters in nationwide demonstrations that activists said Monday had left at least 599 people dead.
Democratic Sen. Mark Kelly of Arizona sued the Pentagon on Monday over attempts to punish him for his warnings about illegal orders. Kelly, a former Navy pilot, is seeking to block his censure from Defense Secretary Pete Hegseth last week. Hegseth announced last Monday that he censured Kelly over participation in a video that called on troops to resist unlawful orders.
HAVANA (AP) – Cuban President Miguel Díaz-Canel said Monday that his administration is not in talks with the U.S. government, a day after President Donald Trump threatened the Caribbean island in the wake of the U.S. attack on Venezuela. Díaz-Canel posted a flurry of brief statements on X after Trump suggested that Cuba “make a deal, BEFORE IT IS TOO LATE.”
LONDON (AP) – Britain is discussing with NATO allies how it can help beef up security in the Arctic to counter threats from Russia and China, a government minister said Sunday. Transport Secretary Heidi Alexander said the talks are “business as usual” rather than a response to recent threats by U.S. President Donald Trump to take over Greenland.
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