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CNBC
2 days ago
- Business
- CNBC
Stock futures inch lower to kick off start of the new trading month: Live updates
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on May 30, 2025, in New York City. Angela Weiss | AFP | Getty Images Stock futures fell on Sunday as Wall Street looks to the start of a new month of trading following a strong performance in May. S&P 500 futures traded down 0.2%, while Nasdaq-100 futures dropped about 0.3%. Futures tied to the Dow Jones Industrial Average also declined 70 points, or 0.2%. On Friday, the S&P 500 closed out the month of May with a more than 6% gain, its best monthly performance since November 2023. The tech-heavy Nasdaq Composite surged more than 9% for the month and the Dow Jones Industrial Average rose about 4%. That said, Morgan Stanley's Chris Toomey is skeptical about whether May's market momentum will continue. "We're probably still range-bound," the managing director told CNBC's "Closing Bell" on Friday. "The concern we've got is that while I think we've taken [out] the worst-case scenario with regards to the 'liberation day' [tariffs], we're in a situation where I think the market's right now probably pricing in the best-case scenario." He added: "Everyone's talking about the fact that there's probably going to be 10% tariffs across the board, 30% for China. I think that's kind of baked in." President Donald Trump's tariffs have been in legal limbo following two key court rulings last week. The U.S. Court of International Trade struck down much of the president's steep levies Wednesday, ordering his administration to stop collecting them. A day later, however, a federal appeals court granted the administration's request to temporarily pause that ruling, effectively reinstating the duties. Trump's top economic advisors have remained optimistic in the tariffs even with the recent legal challenge, as Commerce Secretary Howard Lutnick said on Fox News over the weekend that the tariffs are "not going away." Additionally, National Economic Council Director Kevin Hassett told ABC News that he's "very confident that the judges will uphold this law." Hassett also suggested that Trump and China's President Xi Jinping could discuss trade as early as this week, though he said no date for the talks has been set. His comments come as trade tensions between the U.S. and China ramped up last week, with Trump writing in a Truth Social post Friday that China has "TOTALLY VIOLATED ITS AGREEMENT WITH US." Meanwhile, investors will be eyeing a slew of reports due this week that could provide insight into how tariffs have affected the U.S. economy, including the key May nonfarm payrolls reading on Friday. Stock futures traded lower Sunday evening. S&P 500 futures were down about 0.3% shortly after 6 p.m. ET, along with Nasdaq-100 futures. Futures tied to the Dow Jones Industrial Average fell 95 points, or 0.2%. — Sean Conlon
GMA Network
18-05-2025
- General
- GMA Network
Mexican Navy training ship hits New York's Brooklyn Bridge
People watch as a Mexican Navy training ship is pulled away after it slammed into the nearby Brooklyn Bridge in New York on May 17, 2025. Angela Weiss via Agence France Presse A Mexican Navy training ship slammed into the Brooklyn Bridge late Saturday, snapping all three of its masts as it collided with the iconic New York City landmark, injuring at least 22 people. Onlookers enjoying the balmy spring evening watched in horror as the ship, its sails furled and festive lights draped in its rigging, tried to pass beneath the bridge, which sheared off the masts and sent them crashing into the East River. The Mexican Navy said in a statement that 22 people on board the training ship were injured, three of them critically. Some US media reports suggested that sailors had been in the rigging as the ship slammed into the bridge. The Navy said in its statement that no one had fallen into the water, and that no rescue operation had been launched. Victims were rushed to local hospitals, The New York Post reported. According to multiple US media reports, around 200 people were on the Cuauhtemoc, a barque built in 1982 which had a mast height of 48.2 meters (158 feet), at the time. The Cuauhtemoc had been on a training maneouver at the time and was damaged in the "mishap," the Mexican Navy said in a separate statement on X. "The Ministry of the Navy reaffirms its commitment to the safety of its personnel, transparency in its operations and excellence in the training of future officers of the Mexican Navy," it said. — Agence France-Presse
Atlantic
09-05-2025
- Entertainment
- Atlantic
Photos of the Week: Mud Race, Met Gala, New Pope
Artistic swimming in Ontario, a bun-scrambling competition in Hong Kong, the Devils and Congos Festival in Panama, and much more Angela Weiss / AFP / Getty Janelle Monáe arrives for the 2025 Met Gala at the Metropolitan Museum of Art on May 5, 2025, in New York City. This year's gala was themed "Tailored for You," aligning with the Costume Institute's exhibition "Superfine: Tailoring Black Style." Dimitar Dilkoff / AFP / Getty Visitors walk down the Bramante Staircase at the Vatican Museums, during a press tour at the Vatican on May 2, 2025. Emanuele Cremaschi / Getty Rows of human skulls and bones are pictured at the ossuary, a side chapel of the church of San Bernardino alle Ossa, whose walls are almost entirely covered in human skulls and bones from the patients of the nearby ancient Ospedale del Brolo, seen on May 3, 2025, in Milan, Italy. Tourists take photos of the illuminated Chaoran Tower on the first day of the May Day holiday in Jinan, Shandong province, China, on May 1, 2025. Displays show Lady Gaga performing at an open concert on Copacabana beach as seen from Leme fort, in Rio de Janeiro, Brazil, on May 3, 2025. Isabel Infantes / Reuters A display of 30,000 ceramic poppies, taken from the artwork Blood Swept Lands and Seas of Red , is seen before its opening on May 6 at the Tower of London, commemorating the 80th anniversary of Victory in Europe (V-E) Day, on May 5, 2025. Hamit Yalcin / Anadolu / Getty Flamingos gather in Lake Mogan in the Gölbaşı district of Ankara, Turkey, on May 4, 2025. Ulises Ruiz / AFP / Getty An aerial view of an anglerfish made out of balloons during 'An Aquatic World' balloon parade in Guadalajara, Mexico, on May 4, 2025. Swifty Swine Racing Pigs compete prior to the NASCAR Cup Series Würth 400 at Texas Motor Speedway on May 4, 2025, in Fort Worth, Texas. Guillaume Souvant / AFP / Getty Golden snub-nosed monkeys sit in their enclosure after quarantine during the first presentation at the Beauval Zoopark in Saint-Aignan, France, on May 7, 2025. Matthias Rier's daughter plays with a cow that has just arrived in an alpine pasture after wintering at low altitude on May 3, 2025, in Alpe of Siusi, Castelrotto, Italy. Matthias Rier is the third in lineage of the Rier family; together with his wife and their children, he runs a herd of alpine cows for milk production on the Seiser Alm. Revelers take part in the Devils and Congos Festival in Portobelo, Panama, on May 3, 2025. Mariana Maytorena / ObturadorMX / Getty A man detonates gunpowder from a rifle as part of the May 5 commemoration at Peñón de Los Baños, in Mexico City, Mexico, on May 5, 2025. Ismail Aslandag / Anadolu / Getty Special forces team members perform an evacuation demonstration during Turkey's Teknofest event in Lefkosia, on May 3, 2025. Anindito Mukherjee / Getty Children take shelter under their desk inside a classroom at Vidya Bal Bhawan Sr. Sec. School on May 7, 2025, in New Delhi, India. India's Ministry of Home Affairs ordered nationwide civil-defense mock drills on May 7 across more than 240 districts to test and enhance emergency preparedness in light of rising security concerns after the recent Pahalgam terror attack. An aerial view of the River Wharfe and Bolton Priory on the Bolton Abbey Estate, at the edge of the Yorkshire Dales National Park, near Skipton, England, on May 6, 2025 A car and a motorbike navigate a twisty road at Pir Chinasi, a tourist attraction in Pakistan-administered Kashmir, on May 4, 2025. A street musician plays a violin outside the Sant'Angelo castle as the sun sets in Rome, on May 4, 2025. Runners dressed as characters from Star Wars participate in the Star Wars Run event in New Taipei City, Taiwan, on May 4, 2025. People take part in a bun-scrambling competition during the Bun Festival on Cheung Chau island in Hong Kong, China, on May 6, 2025. Firefighters install a temporary chimney, used to communicate the choosing of a new Pope, on the roof of the Sistine Chapel on May 2, 2025, in Vatican City. Tiziana Fabi / AFP / Getty Newly elected Pope Leo XIV, Robert Prevost, addresses the crowd from the main central loggia balcony of St. Peter's Basilica for the first time, after the cardinals ended the conclave, in the Vatican, on May 8, 2025. Prevost is the first pope from the United States, the Vatican announced. A moderate who was close to Pope Francis and spent years as a missionary in Peru, he becomes the Catholic Church's 267th pontiff. The Frecce Tricolori, the Italian Air Force's aerobatic team, flies in formation during an air show on May 4, 2025, in Catania, Italy. Karina Magrupova of Team Kazakhstan competes in the women's solo free final during the World Aquatics Artistic Swimming World Cup 2025 in Markham, Ontario, on May 2, 2025. A humpback whale, dolphins, and sea birds feed on a school of fish off the Channel Islands in California, on May 1, 2025. A competitor takes part in the annual Maldon Mud Race on May 4, 2025, in Maldon, England. Originating in 1973, the mud race consists of a 500-meter dash across the River Blackwater at low tide, often in fancy dress. Alan Taylor is a senior editor at The Atlantic.
Scotsman
07-05-2025
- Scotsman
Why million-dollar question about mobile phones in schools is about to be answered
Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Amid growing political and parental unease about the prevalence of smartphone use in Scotland's schools, it should come as no surprise that the City of Edinburgh Council's decision to impose an outright ban at two secondaries as part of a pilot scheme has been widely welcomed. As the first local authority to roll out the use of lockable Yondr phone pouches for pupils across S1 to S6 during the school day, it hopes the headline-grabbing policy will increase focus on learning and 'improve wellbeing.' But will it actually work? Advertisement Hide Ad Advertisement Hide Ad Yondr, a US start-up that gained prominence in live entertainment venues, has been pivoting to the education sector. It has sold millions of dollars' worth of its goods to US schools, and increasingly, British classrooms are in its sights. In recent months, it commissioned the polling firm, Public First, to survey teachers and parents about the impact of smartphones on learning, earning press coverage that dovetailed with the prevailing cultural mood. Regrettably, however, there has been little scrutiny of the effectiveness of Yondr's phone-free strategy, and the council's plans to monitor the pilot – a spokesman told me this would consist of 'anecdotal feedback' from teachers and staff – looks unlikely to change that. Mobile phones are locked into 'Yondr' pouches before people enter a phone-free zone (Picture: Angela Weiss) | AFP via Getty Images Harmful effects? A paper produced last year by Yondr cited 'independent research' which asserted that, in US schools using its pouches, academic success rates increased up to 6.27 per cent, but it's unclear who conducted the research, or whether it was peer-reviewed. The same paper cites two academic studies on phone-free policies, neither of which focused on Yondr; one even noted that student achievement gains 'should be understood not as much as a result of the prohibition of mobile phones per se', but the enforcement of using mobiles for learning purposes only. More widely, there has been little detailed research into the impact of school mobile bans. A September 2024 London School of Economics study found 'the results are mixed, with methods being contested and some studies showing no benefits or even harmful effects', while a University of Birmingham study in February identified no difference in outcomes for students who attend schools that ban smartphones, in terms of mental wellbeing, physical activity and sleep, and attainment in English and maths. Advertisement Hide Ad Advertisement Hide Ad 'We need to do more than focus on schools alone, and consider phone use within and outside of school, across a whole day and the whole week,' explained Dr Victoria Goodyear, the study's lead author. Preparing children for high-tech world This is the real challenge, and it is incumbent on parents and wider society to meet it. It is right to restrict pupils' use of smartphones in schools, but it's hard to see how an outright ban will address issues that persist outside the classroom. To that end, the well-intentioned introduction of the Yondr pouches will only be as effective as the wider educational context; schools have an obligation to help prepare children for an ever-shifting, technology-enabled world, and if they can teach self-regulation, responsible digital citizenship, and inform pupils about misinformation and algorithmic bias, the merits of reducing the amount of time spent using devices become easier to comprehend.
Scotsman
05-05-2025
- Politics
- Scotsman
SNP Government has 'no plans' to cut ties with Stonewall after Supreme Court trans ruling
The Scottish Conservatives say SNP ministers are 'in thrall' with Stonewall despite the charity spreading 'misinformation'. Sign up to our Politics newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The Scottish Government says it has 'no plans' to withdraw from a Stonewall scheme despite the charity being accused of spreading 'misinformation' about the Supreme Court trans ruling. The Government is part of the LGBT+ charity's Diversity Champions initiative. For an annual fee of £3,000, members are ranked on their inclusion policies by Stonewall's workplace equality index. Advertisement Hide Ad Advertisement Hide Ad In 2021 it was revealed employers were given a higher score on this index for demonstrating pro-trans policies such as removing 'gendered language'. The Charity Commission welcomed the ruling that went against transgender rights group Mermaids. Picture: Angela Weiss/AFP via Getty Images |Several Whitehall departments, including the Home Office and HM Treasury, left the scheme over the charity's stance on gender ideology earlier this year. The Scottish Conservatives say the decision shows how 'out of touch' SNP ministers are, particularly after Stonewall claimed the Supreme Court judgement was 'not law as of yet', despite the Equality and Human Rights Commission saying the ruling has 'immediate effect'. Last month the Supreme Court ruled the terms 'woman' and 'sex' in the Equality Act 2010 refers to biological sex only. Advertisement Hide Ad Advertisement Hide Ad Tess White, the Scottish Conservatives' equalities spokeswoman, said: 'It is shocking that SNP ministers remain in thrall to this organisation who are peddling misinformation about a ruling from the highest court in the land. 'Rather than strengthening ties with Stonewall, they should be cutting them. This decision confirms how out of touch SNP ministers remain on these issues. 'Various organisations have shown common sense and withdrawn from this programme in recent years, including the Scottish Parliament itself, as well as the BBC and the EHRC.' Advertisement Hide Ad Advertisement Hide Ad Tess White MSP has expressed her concerns. A spokesman for the Scottish Government said: 'The First Minister has been clear that the Scottish Government accepts the judgement of the Supreme Court. 'We are committed to supporting LGBTQI+ people, including through funding for Stonewall to advance equality for this group. This is particularly important at a time when we are seeing a rise in attacks against the LGBTQI+ community.' A Stonewall spokesman said its workplace inclusion programmes were the 'gold standard for employers that want to embed equality for LGBTQ+ people in the workplace'. The organisation said: 'Now that the ruling has been made by the Supreme Court we, along with many others, are highlighting the importance of considering its wide-ranging implications.
