www.abccolumbia.com – Associated Press – 2025-05-20 09:43:00

SUMMARY: U.S. stock indexes drifted lower Tuesday as Wall Street’s recent momentum waned, with the S&P 500 down 0.3% yet near its yearly high. The Dow and Nasdaq also slipped. Travel stocks, including Norwegian Cruise Line and Carnival, declined amid spending concerns. Home Depot rose 1.3% after strong revenue and reaffirmed forecasts, contrasting with other cautious firms amid ongoing tariff uncertainties. Treasury yields edged up, while the U.S. dollar remained stable following Moody’s downgrade of U.S. debt. Global central banks cut rates to stimulate growth, with China and Australia easing policies. China’s CATL surged 16.4% in its record IPO debut.

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www.youtube.com – WYFF News 4 – 2025-05-20 04:04:47

SUMMARY: Scattered showers will end early tomorrow morning, followed by windy conditions with gusts up to 30 mph as a frontal system approaches. Cooler air will arrive Thursday, bringing a brisk morning but a pleasant afternoon. Currently, mild and unsettled weather prevails with passing showers in areas like Cullowhee, Franklin, and Asheville. There is an increased threat of severe storms tonight, particularly in western North Carolina, with potential for strong winds, isolated hail, and brief tornadoes. The storm line will clear by early Wednesday, leading to a mild, windy day. The upcoming holiday weekend looks mostly dry, with a slight chance of rain Sunday into Monday. Temperatures will drop below normal through Memorial Day.

Scattered Showers

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www.abccolumbia.com – Associated Press – 2025-05-19 09:59:00

SUMMARY: House Republicans narrowly advanced President Trump’s tax cut package out of a key committee in a late-night vote, with conservative holdouts demanding quicker cuts to Medicaid and green energy programs. Speaker Mike Johnson acknowledged ongoing negotiations, aiming for a House vote before Memorial Day. The bill, which extends tax cuts and includes spending for border security, faces opposition from both Republicans concerned about deficits and Democrats criticizing cuts to Medicaid and food assistance. The proposal, which could add \$3.3 trillion to the national debt, also includes changes to the state and local tax deduction. The bill moves next to the Senate.

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