Stock market today: Wall Street drops following discouraging updates on US shoppers and inflation

By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — U.S. stocks are falling Friday following discouraging updates on inflation and how much U.S. households may be willing to spend given all the uncertainty about President Donald Trump’s escalating trade war. The S&P 500 was down 1.5% in midday trading and on track to wipe out the last of what had been a winning week. That would make this the fifth losing week in the last six for the index, which set its all-time high just last month. The Dow Jones Industrial Average was down 520 points, or 1.2%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 2.1% lower. Lululemon Athletica tumbled 15% to help lead the market lower, even though the seller of athletic apparel reported a stronger profit for the latest quarter than analysts expected. It warned that its revenue growth may slow this upcoming year, in part because “consumers are spending less due to increased concerns about inflation and the economy,” said CEO Calvin McDonald. Lululemon also said tariffs and shifting foreign-currency values may account for about half of its expected drop in a key measure of performance: how much profit it can squeeze

Dawn of the Warriors’ dynasty: The birth of the Death Lineup

The Warriors changed the course of NBA history in a game they lost. Marc Gasol and Zach Randolph were giving the Warriors the business, and Memphis controlled the game. The Grizzlies scored 20 straight points in the first half and were cruising toward a win. Then the Warriors tried something new. For most of the fourth quarter on Dec. 16, 2014, Golden State went small. Steph Curry, Klay Thompson, Shaun Livingston, Andre Iguodala and Draymond Green. Their comeback ultimately fell short, but they birthed something bigger: the Death Lineup. “The Memphis thing was an a-ha moment,” longtime Warriors assistant coach Bruce Fraser told this news organization. “It seemed like a crazy thing to do, but it actually became an electric lineup. It was partly, I don’t want to say it was a shot in the dark because you do need to make adjustments when you’re getting crushed. We went small and we could see how potent it was.” The Warriors didn’t invent the small-ball lineup, but they did popularize it. They rode it in short, powerful bursts on their way to the 2015 NBA championship

Brock Purdy speaks on pressure of 49ers’ QB history, role in team bonding

SANTA CLARA – Brock Purdy broke his offseason silence this week, but not to speak on his contract negotiations with the 49ers nor to bemoan roster changes that swept nine starters and 18 players onto other teams. Purdy blended talk about his spiritual faith and unique football path during an hour-plus chat on the “Built 4 More” podcast, hosted by quarterback trainer Denny Thompson and Jacksonville-based pastor Joby Martin. Purdy’s humble nature poured out through the discussion, starting with how in awe he initially was as a 2022 rookie upon meeting 49ers stars Deebo Samuel and Trent Williams. Here is a collection of Purdy’s podcast audibles: 49ERS QB LEGACY “The wisdom (Steve Young) gave me out of (an earlier 49ers) podcast was in terms of handling the offense and processing. He’s like, ‘That’s the ‘It’ factor. It’s not anything else. If you can continue to push yourself with processing plays and defenses and all that kind of stuff mentally, because that’s what separated all of us from Joe and Me and all the guys.’ So, an awesome guy. “Joe (Montana), I met him on the

What you need to know before sending your child to summer camp

Even the most social child could get nervous before attending summer camp for the first time. To ensure that your kids have the best possible experience, Henry DeHart, interim president and CEO of American Camp Association, suggests bringing them into the selection process. “Involving the child in that from the very beginning is very helpful,” he says. From there, you can determine which kind of camp — sleep-away, full day or half-day — is the best fit for your children. For sleep-away camps, DeHart notes that there are ways to ease them into going on their first trip without their parents. “A lot of camps have family camp weekends and some have family camp weeks, where you can go be at the camp as a family and your child gets to know the camp staff and the director and the facilities and maybe the next year or later that summer, they’ll go on their own,” he explains. Lisa Tai of Huntington Beach, California, sent her 9-year-old son to summer camp in Colorado for the first time last summer. Since 2019, though, Tai’s family has been

The benefits of summer camp far outlast a single summer

From birding to sailing, there are a host of adventures waiting for kids at camp. While the summer months provide ample opportunities for children and teens to hone their talents or pick up a new skill, the lessons that they’ll learn through the camp experience can last for years to come. “Our research shows that camp is a primary driver of some really significant outcomes in child development and it is because it’s such an immersive experience,” says Henry DeHart, interim president and CEO for the American Camp Association. Related Articles Recipe: When life gives you strawberries, makes preserves with balsamic vinegar Gather ‘round for cowboy poetry Horoscopes March 28, 2025: Lady Gaga, set goals and strive to pursue and achieve Yesterday, I turned back time | Everyday Cheapskate Local Calendar | Things to do “You put children in an immersive, safe and supportive environment and you’re building independence and you’re building social skills — how to make friends with people that have different backgrounds than you, how to appreciate different perspectives and different backgrounds — how to have grit,” he adds. “Sometimes, things don’t

Another federal judge blocks Trump policy banning transgender troops in the military

By GENE JOHNSON, Associated Press TACOMA, Wash. (AP) — A U.S. judge in Washington state has blocked enforcement of President Donald Trump’s order banning transgender people from serving in the military, the second nationwide injunction against the policy in as many weeks. The order Thursday from U.S. District Court Judge Benjamin Settle in Tacoma came in a case brought by several long-serving transgender military members who say the ban is insulting and discriminatory, and that their firing would cause lasting damage to their careers and reputations. In his 65-page ruling, Settle — an appointee of former President George W. Bush and a former captain in the U.S. Army Judge Advocate General Corps — said the administration offered no explanation as to why transgender troops, who have been able to serve openly over the past four years with no evidence of problems, should suddenly be banned. “The government’s arguments are not persuasive, and it is not an especially close question on this record,” Settle wrote. “The government’s unrelenting reliance on deference to military judgment is unjustified in the absence of any evidence supporting ‘the military’s’ new

Powerful earthquake rocks Thailand and Myanmar, killing at least 3 in Bangkok high-rise collapse

BANGKOK — A powerful earthquake rocked Thailand and neighboring Myanmar on Friday, killing at least three people in Bangkok and burying dozens when a high-rise building under construction collapsed. Footage shared on social media from Myanmar’s second-largest city showed widespread destruction, raising fears that many were trapped under the rubble or killed. The 7.7 magnitude quake, with an epicenter near Mandalay in Myanmar, struck at midday and was followed by a strong 6.4 magnitude aftershock. The extent of the death, injury and destruction – especially in Myanmar, which is embroiled in a brutal civil war that has already caused a widespread humanitarian crisis – was not yet clear. Myanmar’s government said blood was in high demand in the hardest-hit areas, and videos from the country showed multiple collapsed houses and buckled and cracked roads. Rescuers work at the site of a high-rise building under construction that collapsed after a 7.7 magnitude earthquake in Bangkok, Thailand, Friday, March 28, 2025. AP Photo/Sakchai Lalit A dramatic video of the building’s collapse near Bangkok’s popular Chatuchak market showed the multistory building with a crane on top toppling into

CA’s high-speed rail project needs to secure $7 billion by summer of 2026

Friday, March 28, 2025 12:17PM California’s high-speed rail project needs to secure a budget of $7 billion by 2026 to complete the first segment, between Merced and Bakersfield. SAN FRANCISCO (KGO) — California’s embattled high-speed rail project needs a lot more money and it needs it soon. Lawmakers just found out they have a little more than a year to secure $7 billion. That money would go to finishing the first section of the rail project, between Merced and Bakersfield. The price tag for the whole San Francisco to LA line is at least $100 billion. MORE: Transportation Secretary asks for compliance review of California’s High Speed Rail project Lawmakers are waiting on an overdue project update that’s now expected to come out this summer. “We have no plan, we have a good likelihood it’s going to get worse, and we have a short time to solve the problem. That’s not a good place for government to put itself into,” said Asm. Steven Bennett Even with the money, the project has may not be safe. The Trump administration is investigating the use of $4 billion

Trump executive order on Smithsonian targets funding for programs with ‘improper ideology’

WASHINGTON — President Donald Trump on Thursday revealed his intention to force changes at the Smithsonian Institution with an executive order that targets funding for programs that advance “divisive narratives” and “improper ideology,” the latest step in a broadside against culture he deems too liberal. Trump claimed there has been a “concerted and widespread” effort over the past decade to rewrite American history by replacing “objective facts” with a “distorted narrative driven by ideology rather than truth,” adding that it casts the “founding principles” of the United States in a “negative light.” People wait in line to enter the Smithsonian National Museum of African American History and Cultural on the National Mall in Washington, Mat 1, 2017. AP Photo/Pablo Martinez Monsivais, File The order he signed behind closed doors puts Vice President JD Vance, who serves on the Smithsonian Institution’s Board of Regents, in charge of overseeing efforts to “remove improper ideology” from all areas of the institution, including its museums, education and research centers, and the National Zoo. It marks the Republican president’s latest salvo against cultural pillars of society, such as universities and

King Charles III seen in public one day after hospitalization for cancer treatment side effects

Friday, March 28, 2025 12:11PM King Charles III has been seen in public one day after his brief hospitalization for the side effects from his cancer treatment. LONDON — King Charles III smiled and waved to members of the public Friday as he left his home in London, the day after a brief hospitalization for the side effects from his cancer treatment. The king’s appointments for the day were canceled following his “short period of observation in hospital” on Thursday, Buckingham Palace said. The king’s health has been closely watched ever since early last year when he announced that he had been diagnosed with an undisclosed form of cancer. Charles was seen as he left Clarence House in the back of a black Audi. Tourist Julian Mati said he was relieved to see the king looked well. “We were horrified when we heard the news yesterday,” Mati said. “We had come down to the palace today to take pictures but we never imagined we would see the king. To see him smiling and waving, it’s such a relief.” Charles, 76, stepped away from public engagements

Sharks winger on verge of career-first after scoring twice vs. Maple Leafs

SAN JOSE – San Jose Sharks forward Tyler Toffoli believes he should have a few more goals than he does right now with 11 games left in the regular season. But it’s tough to imagine the Sharks feeling like he’s had a disappointing year, considering what he’s meant to the team on and off the ice. The 32-year-old Toffoli scored his 26th and 27th goals of the season on Thursday. But the Sharks, after allowing a game-tying goal to William Nylander with 13.2 seconds left in regulation time, saw Will Smith and Macklin Celebrini score in the shootout to earn a wild, 6-5 victory over the Toronto Maple Leafs before an announced crowd of 15,514 at SAP Center. Toffoli’s second goal gave the Sharks a 5-3 lead at the 3:02 mark of the third period, a lead San Jose did a fine job protecting until the final minute of regulation time. Then the Sharks allowed goals to John Tavares and Nylander, as the Leafs scored twice after pulling goalie Joseph Woll for the extra attacker. Still, Toffoli and the Sharks were not about to fret

7.7 magnitude earthquake rocks Southeast Asia

By Jon Haworth, ABC News Friday, March 28, 2025 7:38AM Stream Southern California’s News Leader and Original Shows 24/7 An earthquake with a 7.7 magnitude has rocked Southeast Asia on Friday, according to the United States Geological Survey. USGS is reporting the epicenter of the quake was in Mandalay, Myanmar, but reports are emerging of the quake being felt as far south as Bangkok in Thailand. Alarms reportedly went off in buildings across the Thai capital city when the earthquake hit around 1:30 p.m., according to the Associated Press. This is a developing story. Please check back for updates.

Man convicted for selling $2.7M worth of stolen catalytic converters from Fresno-area

Friday, March 28, 2025 6:22AM A Valley man has been convicted of selling stolen catalytic converters in a multi-million dollar scheme. FRESNO, Calif. — A Valley man has been convicted of selling stolen catalytic converters in a multi-million dollar scheme. Federal prosecutors say 72-year-old George Thomas was running the theft ring where thousands of auto parts were stolen in the Fresno area before being taken to Oregon to be sold. Authorities say Thomas made over $2.7 million selling the stolen parts. Evidence from the trial proved that between January 2021 and November 2022, Thomas purchased parts from a group of thieves to steal the catalytic converters. He provided instructions on the types of converters he was looking for and how to best cut the parts off vehicles. Thomas also loaned some of the thieves money for electric saws and bail. He has also been convicted of structuring the money from the stolen parts in an effort to hide his financial activities from the government. Prosecutors say that after his arrest in 2023, reports of converter theft in the Fresno area decreased by more than 60%.

Central High School gets state-of-the-art barn on campus

Friday, March 28, 2025 5:47AM Ag students at Central High School now have a brand new state-of-the-art barn on their campus. FRESNO, Calif. (KFSN) — Ag students at Central High School now have a brand new state-of-the-art barn on their campus. This is helping students continue the agricultural heritage that makes our community thrive. On Thursday, Action News sat down with Central High Ag instructor June Bettencourt and FFA member Emma Cruz about a special delivery that took the hands-on learning to the next level. Copyright © 2025 KFSN-TV. All Rights Reserved.

$7 billion needed to finish first section of California’s high-speed rail project

Friday, March 28, 2025 5:25AM California’s embattled high-speed rail project needs a lot more money, and it needs it soon. Lawmakers found out this week they have until next June to secure $7 billion. That money would go to finishing the first section of the rail project between Merced and Bakersfield. The price tag for the whole San Francisco to LA line is at least $100 billion. Lawmakers are waiting on an overdue project update that’s now expected to come out this summer. Even with the money, the project may not be safe. The Trump administration is currently investigating the use of $4 billion worth of federal funds. Copyright © 2025 KFSN-TV. All Rights Reserved.