March 6 (Reuters) – Wall Street’s major indexes pared early gains on Monday and investors saw U.S. Treasury yields rise in support of this week’s testimony from Federal Reserve Chairman Jerome Powell and economic data including the jobs report.

iPhone maker Apple Inc ( AAPL.O ), which rose as much as 2% last week, was the biggest boost to the S&P 500 index ( .SPX ) after Goldman Sachs initiated coverage with a “buy” rating.

But stocks gave up earlier gains as the yield on the U.S. 10-year Treasury note recovered from an early slide after data showed new orders for U.S. manufactured goods fell less than expected in January. Higher orders for engines and other products indicated that manufacturing is regaining its footing, despite a fall in civilian aircraft bookings.

As higher rates reduce the value of future cash flows, rising bond yields weigh on equity valuations, particularly growth and technology stocks.

Monday’s data could dampen investor enthusiasm, said Shawn Cruz, chief trading strategist at TD Ameritrade in Chicago.

“There’s still a lot of work to be done on inflation,” Cruz said. “We don’t see the demand slowdown we need to see. The whole point of the Fed raising rates is to slow the economy.”

The Dow Jones Industrial Average (.DJI) rose 45.24 points, or 0.14%, to 33,436.21; The S&P 500 (.SPX) added 10.67 points, or 0.26%, to 4,056.31; And the Nasdaq Composite (.IXIC) added 31.23 points, or 0.27%, to 11,720.23.

Six of the 11 major S&P 500 sectors rose. But after China set a lower-than-expected target for economic growth of around 5% this year, the commodity-linked products sector ( .SPLRCM ) led declines.

The technology sector ( .SPLRCT ) was the biggest gainer, with Apple Inc ( .SPLRCT ) the biggest boost, followed by Microsoft Corp ( MSFT.O ) and Google parent Alphabet Inc ( GOOGL.O ).

Three major U.S. stock indexes rallied on Friday and posted weekly gains after comments from Fed policymakers eased jitters surrounding an aggressive rate hike.

But San Francisco Federal Reserve Bank President Mary Daly said on Saturday that if inflation and labor market data were warmer than expected, interest rates should be higher in December than Fed policymakers predicted.

Investors will be looking for clues about the Fed’s future rate hike path when Powell testifies before Congress on Tuesday and Wednesday. Powell’s last talk of strong economic data and warmer-than-expected inflation has raised concerns that the Fed will raise rates more than expected or keep them higher for longer.

Traders expect at least three 25-basis-point hikes this year and interest rates to 5.44% by September from 4.67% now.

Shares of cryptocurrency-related companies fell after Silvergate Capital Corp ( SI.N ) pulled the plug on its crypto payment network, raising doubts about the company’s ability to stay in business. The California-based bank was last up 1% at $5.84, down from $5.11. Its crypto peer Signature Bank ( SBNY.O ) fell nearly 2%.

Declining issues outnumbered advancers by a 1.46-to-1 ratio on the NYSE; On the Nasdaq, a 1.79-to-1 ratio favored decliners.

The S&P 500 posted 20 new 52-week highs and one new low; The Nasdaq Composite posted 74 new highs and 71 new lows.

Reporting by Sinead Carew, Shruti Shankar, Bansari Mayur Kamdar and Sristi Achar A in Bangalore; Editing by Vinay Dwivedi, Anil de Silva and Richard Chang

Our Standards: Thomson Reuters Trust Principles.

(CNN) Lewis Hamilton said his Mercedes team was “going backwards” after a poor performance at the weekend’s season-opening grand prix. Bahrain.

The seven-time world champion struggled to finish fifth, finishing seventh on the grid, nearly 51 seconds behind. Race winner Max Verstappen.

Hamilton’s team-mate George Russell was a disappointing seventh 2023 Formula One season for Mercedes.

Afterwards, Hamilton had an honest reaction to how his car and his crew fared in contrast to the others.

“We certainly cannot fight them at this time — [Red Bull] Like the Astons were a lot faster than us,” the 38-year-old said.

“We’re the fourth fastest team now as opposed to third last year. We’re going backwards, [so] We have a lot of work to do to close that gap.”

Defending world champion Verstappen made his mark on the new season with a dominant race, while his team-mate Sergio Perez completed a Red Bull one-two.

More than 20 years after his F1 debut, Fernando Alonso put in an underwhelming performance of the weekend, although the 41-year-old finished third on his debut for Aston Martin.

The two-time world champion said the whole team was “very proud” of how the car performed in the race.

Alonso’s car highlights from the season opener came in battles with Hamilton — a wheel-to-wheel scrap at the start and end of the race — where the Spaniard came out on top.

Hamilton expressed his delight at the thrill of the battle, but also his disappointment at the overall outcome.

“I really loved the race. I got a great start, Fernando got by in Turn 4 and I was like: ‘Oh jeez, that’s a great start to the race.’ It felt like one of my best opening laps,” Hamilton said.

“Then I was sliding. At the beginning I was too low, I took the wing too much, I couldn’t get around some corners and I couldn’t keep up with the guys in front.

“My middle position was good and at the end, I was very close to catching Carlos [Sainz for fourth position]But still [it was] Not enough.”

Coming into the 2023 F1 season, Mercedes is stuck developing its unique “zero sidepod” design, which it struggled with last season.

After the race, Mercedes team principal Toto Wolff called Sunday “one of the worst days in racing” while promising “radical” changes.

“Not really well, we were short of pace front, right and centre,” Wolff told Sky Sports.

“Red Bull is on another planet. That hurts because they’re so far away, it reminds me of our best years because we’re just a second behind everyone else.

“That’s the benchmark, we have to do one after the other to come back and we can do it. We can, absolutely we can. I think it has to be more serious in steps than just hoping to improve by three tenths. .”

CNN
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This season has been one of trials and tribulations for Liverpool and its fans, but there may still be light at the end of the tunnel as Jurgen Klopp’s men produced a truly spectacular performance to tear Manchester United apart at Anfield.

Braces from Cody Kakpo, Darvin Nunes and Mo Salah and a late goal from Roberto Firmino sealed an utterly dominant 7-0 win in this Premier League grudge match, marking the biggest win in the history of this storied competition.

It was a quiet afternoon for Erik ten Hoag’s side, who have been in terrific form since the season resumed following the World Cup and looked likely to start putting pressure on Manchester City and Arsenal at some point. of the table.

Klopp had made United a “decision machine” this match and even in his wildest dreams the German surely would not have imagined such a performance and result.

It will go down as one of Liverpool’s all-time greatest wins in the competition, but also one of the greatest Premier League results in history and one that will be remembered for decades.

“No words,” Klopp told Sky Sports after the win. “Fantastic game of football. Excellent. The start of the game was exactly what we needed – super front foot, super lively, super active. We played good football against an in-form team.

“The second half, the start was good, the end was good, everything was good. That’s football, it can happen.

“As I said before the game, United have played a super season, we’re not happy with our season so far, but that doesn’t mean anything for the game because you still have to play it and today we’re clear. The best side for the moment and we’ve got three very important points. It’s good.

As Liverpool were all games, Manchester United were equally shambolic.

Den Haag has suffered a number of setbacks since joining in April 2022, but this is certainly the nadir of his time in charge of the club and extinguishes any lingering hopes of inserting himself into United’s title race.

Former United captain Gary Neville labeled Sky Sports’ coverage of the game a “confusion” and a “disgrace” and there will need to be some serious soul-searching in the United dressing room if the team is to recover from this.

“We’ve had setbacks in the past and we have to come back because that’s what Manchester United is about,” a dejected Bruno Fernandes told Sky Sports after the game. “We can go down but we have to get back up because we know how good we are.

“We know that today we didn’t show and we didn’t perform at our level, but we know that this team is very good and can do good things. Today, that wasn’t the case, but I’m sure that together with the fans, this team will do even better things, and I want their support. To be appreciated.

“We’ve set a good standard for ourselves and now it’s about getting back because the fans deserve it and we deserve it. We’ve done better in the past than we did today and we’ll do better in the future.

But it was Liverpool’s day and a raucous Anfield crowd roared back at full-time, a moment that undoubtedly sweetened all of the team’s struggles this season.

To add more luster to the occasion, Salah’s two goals took his Premier League tally for Liverpool to 129, breaking Robbie Fowler’s record for the club.

“It’s very special,” Salah told Sky Sports of his achievement. “Can’t lie, this record has been on my mind ever since I got here. I think I’ve always been chasing that record since my first season, so to get that result against United today is incredible.

“I’m going home to celebrate with family and have neem tea and sleep.”

Despite all the problems Liverpool have faced this season, the team has now moved up to fifth in the league, three points behind Tottenham for the fourth and final Champions League spot with a game in hand.

“It’s the motivation we wanted, it puts us in the right direction,” Klopp added. “Everybody should know we’re still around. It hasn’t been for a while, but tonight was a perfect showcase of what we can be and what we want to be.”

The win comes at a great time as Liverpool look to build some momentum ahead of their Champions League return against Real Madrid in 10 days’ time.

Any chance of overturning a 5-2 deficit at the Bernabeu still looks slim, but Liverpool and their fans are more confident now than ever that they can accomplish the improbable feat.

Nearby residents were asked to stay put after a Norfolk Southern train derailed near a freeway in the Springfield, Ohio area on Saturday.

Norfolk Southern confirmed in a statement to CBS News that 20 cars of the 212-car train derailed. The railway company said there were no hazardous materials on board the train and there were no injuries.

The Clark County Emergency Management Agency said residents within 1,000 feet of the derailment were asked to shelter in “an abundance of caution.” The derailment occurred near State Route 41.

Clark County said more than 1,500 residents were without power due to the derailment.

Transportation Secretary Pete Buttigieg Tweeted On Saturday night, he was notified by Federal Railroad Administration employees of the derailment and spoke to Ohio Governor Mike DeWine.

“No hazardous material release has been reported, but we will continue to monitor closely and FRA personnel are on the way,” Buttigieg said.

A tweet, In addition to speaking with Boutique, DeWine said he also received a phone call from President Biden. “We do not believe that hazardous materials were involved,” Devine reiterated. He said several government agencies were at the scene.

On 3 February, a Norfolk Southern train carrying dangerous goods Derailed In a fire in Ohio, East Palestine. Of the 38 derailed cars, 10 contained hazardous materials. Hundreds of residents were evacuated and crews later conducted a controlled release of toxic chemicals. Vinyl chlorideRisk of explosion due to derailment.

State and federal officials have faced significant criticism over their response to the East Palestine incident Concerned locals Contamination in the area can pose significant long-term health risks. Buttikiek was also criticized for not visiting East Palestine Up to three weeks After the derailment.

The Environmental Protection Agency has so far said air quality in East Palestine remains stable At safe levels. However, on Thursday the EPA said it had ordered Norfolk Southern Conduct dioxin tests At the derailment site, if those dioxin levels are found to be at unsafe levels, it is will order An instant cleanup.

Springfield is about 200 miles southwest of East Palestine.

Nikki Haley will ding former President Trump when she addresses a powerful conservative group on Saturday — and she’ll take aim at other 2024 contenders who have yet to enter the race.

Haley, who launched her White House campaign in mid-February, will speak at the Club for Development donor retreat in Palm Beach, Fla. — an event Trump was not invited to.

“I know there’s a Republican candidate you didn’t invite to this convention,” Haley would say, according to comments shared with The Hill. “I appreciate being the one you invited.”

Haley will chide Trump for his spending record during his White House years.

“The last two Republican presidents have added more than $10 trillion to the national debt. Think about that. “A third of our debt has gone under two Republicans,” said Trump and former President George W. Haley would say, referring to Bush.

His comments included a sharp reference to Congress marks and unnamed “self-dealing politicians”.

Trump’s spending record while in office is a point vulnerable to conservatives trying to take back the White House.

The Manhattan Institute, a conservative think tank, noted that Trump’s actions in his single term “are projected to cost $7.8 trillion over the decade, compared to $5.0 trillion for President Obama and $6.9 trillion for President Bush.”

Trump’s defenders note that the bulk of his spending came in response to the exceptional circumstances of the Covid-19 pandemic, which took hold in the final year of his presidency.

Haley served as US ambassador to the United Nations in the Trump administration, but had a complicated political relationship with him.

On January 6, 2021, she criticized him in the wake of the Capitol riots, but later said she would not run against him for the GOP nomination in 2024 if he entered the race — a move she eventually reversed.

In his early days on the campaign trail, he broke away from the “status” and took the position that Trump was relevant to his particular time, but that the nation needed to move on.

He has proposed making mental fitness tests mandatory for politicians over 75 years of age. Trump is 76 years old and President Biden is 80 years old.

Trump and Haley are the only major candidates in the Republican Party so far, though conservative businessman and author Vivek Ramasamy has recently joined.

Speculation is swirling around several big Republican names, most notably Florida Governor Ron DeSantis.

Former Vice President Pence, former Secretary of State Mike Pompeo and Sen. Tim Scott (SC) may also participate in the tournament.

In her Club for Growth talk, Haley “looks at the people who are huddled on the sidelines, waiting to decide what to do.”

She will urge donors to the group to support her, urging them not to “wait for guys sitting on the sidelines who can’t make up their minds.”

Much of Haley’s speech was attributed to his own belief in fiscally conservative policies and his willingness to fight entrenched interests in pursuit of those policies.

He’ll also say he’s “not afraid” to talk about Social Security and Medicare reforms, though his address isn’t specific.

There is a fair share of political intrigue behind the Club for Growth phenomenon.

The donor retreat is taking place at the same time as CPAC — the Conservative Political Action Conference — convenes outside Washington, DC.

CPAC has taken on an increasingly pro-Trump flavor in recent years. It has been embroiled in controversy after allegations of sexual assault were made against its frontman Matt Schlapp. Schlapp denies the allegations.

Several other GOP presidential candidates stayed away from CPAC this year, including DeSantis, Pence, Scott and South Dakota Gov. Christy Nome.

Haley spoke on Friday, but received a polite rather than rapturous reception during the speech. As he walked around the venue, he was met with chants of “We love Trump”.

Trump will lead CPAC with a speech on Saturday afternoon.

Trump has had a tumultuous relationship with the Club for Growth and its president, David McIntosh. The two were once close, but last month McIntosh said the GOP should be “open to another candidate.”

Trump fired back in a social media post, complaining that the “Club for No Growth is a bunch of political misfits, globalists and losers.”

Meanwhile, DeSantis spoke at a Club for Growth event on Thursday.

DeSantis travels to Iowa next week, for the first time this campaign cycle. He has not spoken much publicly about the 2024 campaign, but is considered a certainty to enter the race.

In her speech, Haley will take on congressional Republicans and potential presidential contenders.

“Don’t let the media tell you that Republicans and Democrats can’t work together,” Haley would say, “and they always seem to work better when they spend your money.”

North Carolina’s political conflict over abortion is epitomized by two leaders: its Democratic governor, Mr. Cooper and Republican Speaker of the House of Representatives Tim Moore.

Former Attorney General Mr. Cooper wants to preserve the state’s current law. He has ordered additional protections, including barring the deportation of anyone involved in legal abortions in North Carolina.

But Republican dominance in the Legislature means Mr. Cooper’s most powerful tool. “Our law is now restrictive enough in North Carolina,” Mr. Cooper said in a February interview.

Referendum Explains State’s Political Friction: Latest Meredith College poll 57 percent of respondents wanted to preserve North Carolina’s current abortion law or expand it beyond the 20-week limit. About 35 percent of those surveyed supported changing abortion access at 15 weeks or less.

Mr. Moore said.

Mr. Even Moore said recently Internet A swing Democrat, who he declined to name, was willing to vote for a 12- or 13-week restriction. That shortcut is significant because House Republicans are one vote shy of a majority that would allow them to override a veto.

For now, even North Carolina residents are feeling the effect of the bans in neighboring states: When Maria, 31, who lives outside Asheville, learned she was unexpectedly pregnant in late June, she knew one child was more than she could handle. Handle. Maria, who did not want to give her full name because her family opposed the abortion, says she is dealing with depression and has several other medical conditions.

She called the nearest abortion clinic, which happened to be in Asheville. The wait, she was told, was two months. Then she called two clinics in Charlotte, a two-hour drive away. One did not respond. The other said he can take it next month. She made an appointment.

TV

By Sophia Melissa Caraballo Pineiro

March 3, 2023 | 10:16 p.m

Ariana Maddis found out that Tom Sandoval had been cheating on her after discovering a sexually explicit video sent by Rachel Lewis on her phone, Page Six can confirm.

Madix found out about their “months-long” affair when a selfie video popped up on her phone minutes after she saw her beau’s band, Tom Sandoval & The Most Extras, perform on Wednesday night. People said Friday.

On the outlet, the “Vanderpump Rules” star then scrolled through the text thread, where she read their history of inappropriate messages. Immediately, she and Sandoval left the scene.

A source previously told Us that Maddicks is “heartbroken” over the affair and doesn’t seem to have “any problems” with her.

“Ariana was blindsided by the cheating,” the source told Us , adding that they’ve been “publicly affectionate lately.”

In fact, moments before Sandoval discovered the texts about her relationship with Medics, Page Six said, “We’ve definitely had our ups and downs, but I think we’ve been really good at respecting each other.”

Sandoval noted that he and Maddix “just have each other’s backs within reason” and added, “I think it worked, you know?”

Meanwhile, Maddicks feels “betrayed” by Levis, a former “one for her,” when she calls off her engagement to co-star James Kennedy.

The 37-year-old kicked Sandoval out of her Los Angeles home because she was photographed packing her suitcases into a friend’s car and driving away.

On Friday, Bravo fans were shocked when news broke that one of the show’s strongest couples had called it quits on Levis, 28.

An insider told us that Levis, 39, and Sandoval had been “inappropriately interacting for months” in August 2022, before the former beauty queen shared a smooch with her best friend Tom Schwartz.

Their affair “started last summer” when Levi allegedly “slept over Tom and Ariana’s house while Ariana was out of town.”

For more Page Six reality TV updates…

Following the end of their relationship, fellow “VPR” co-stars took to social media to express their support for Madix.

Lala Kent and Levi’s ex-fiance James Kennedy called on fans to boycott Sandoval’s show tonight, while Sandoval’s ex, Kristen Dowd, declared herself “Team Ariana.”

“Karma is really coming, so Rahul has to go home,” Dowd added.

Even Jax Taylor, known as the show’s villain, slammed his nemesis Sandoval, saying, “I’ve called a lot of things on the show that people don’t believe… Everything I say always ends up being true.. #pumprules. “

Neither Santovalo nor Levis have spoken about their affair. Maxit has deleted all his social media.

(CNN) Attorney General Merrick Garland did Unannounced trip to Ukraine Friday, according to a Justice Department official, was his second trip to the country since Russia invaded a year ago.

The official said the trip was unannounced for security reasons.

Garland was invited to Livy By the Ukrainian attorney general, the official said, and joined President Volodymyr Zelensky at the “United for Justice conference.”

Garland “held several meetings and reaffirmed our determination to hold Russia accountable for its unjust and unprovoked aggression against its sovereign neighbors,” the official added.

The trip comes two weeks after President Joe Biden made his first trip to Ukraine since the war began and was one of several by members of Biden’s cabinet. Treasury Secretary Janet Yellen also recently visited Ukraine and met with Zelensky.

The attorney general last visited Ukraine in June to seek U.S. assistance in finding and prosecuting war criminals. During that trip, Garland announced that he was appointing Eli Rosenbaum, America’s top “Nazi hunter,” to lead a Justice Department team to find and punish war criminals.

On Wednesday, Garland testified before the Senate Judiciary Committee that he believes the Russian government is committing crimes against humanity and that the Justice Department supports Hague’s efforts to investigate and prosecute those crimes.

“The US supports what is now being created in The Hague with funding from Eurojust, and is exploring the possibility of creating that court. [to charge crimes of aggression,]Garland testified.

“There are concerns that we have to take into account about how it handles our own service members and other situations,” he continued. “We have to be sure that there are appropriate security measures in place. But we support different ways of investigating war crimes, crimes against humanity and potential crimes against aggression.”

The Justice Department has taken several steps to hold the Russian government and its supporters accountable since the invasion began.

The Justice Department’s task force KleptoCapture — made up of federal prosecutors, investigators and investigators — has worked for the past year to target the complex web of wealth surrounding Russian oligarchs and Kremlin insiders. Since the start of the war, the Justice Department has seized more than $500 million in boats, property and other assets from those who support the Russian government and have evaded U.S. sanctions.

The department has brought more than 30 indictments against alleged supporters of the Kremlin and the Russian military, the department said, some of which directly linked individuals to supporting the war in Ukraine.

This story has been updated with additional reporting.