An escalating trade war between the US and China threw the stock market into chaos early Monday.
The Dow Jones industrial average plunged more than 600 points after China said it will hike tariffs on $60 billion worth of US goods — a tit-for-tat response to President Donald Trump’s hike of tariffs on $200 billion in Chinese goods last week.
China said it will impose tariffs on its US imports of to up to 25 percent on June 1. Many of the items, which had been subject to 10 percent tariffs, affected the US agricultural industry.
The Dow was recently off 632.62 points, or 2.4 percent, at 25,309.75. Market indexes were all down sharply as of 11:38 am ET, with the S&P 500 and tech-weighted Nasdaq plunging 2.4 percent and 3.2 percent, respectively.
PITTSBURGH – Police are investigating a double stabbing in Carnegie.Police tell Channel 11 officers and paramedics were dispatched around 7:23 Sunday morning to the 400 block of 5th street for a 31-year-old woman stabbed multiple times.
The stabbing occurred at an apartment building in the 400 block of 3rd Avenue. Once officers arrived at the building, they found a 51-year-old man dead from stab wounds to the chest.
The Allegheny County Medical Examiner’s Office identified the victim as Luke Connolly.
Police said they are still investigating, but there are no suspects and a motive is not clear.
Two Saudi oil tankers were the targets of a “sabotage attack” off the coast of the United Arab Emirates on Sunday, Saudi Arabia’s energy minister says.
The incident near Fujairah port, in the Gulf just outside the Strait of Hormuz, caused “significant damage” to the ships, according to Khalid al-Falih.
The UAE said four ships were targeted, but that there were no casualties.
Iran, which borders the strait, called the incident “worrisome and dreadful” and called for a full investigation.
It is not known who carried out the alleged attack, which comes amid heightened tension in the area.
Severe weather slams the South with relentless rain, Myanmar plane lands safely on its nose after landing gear fails, and Felicity Huffman to plead guilty in court on Monday.
This inspiring pop song, available now on Spotify, Amazon Music, Apple Music and Google Play, was written by the eleven year-old singer-songwriter, who knows how to make magic happen, as the youngest runner-up in America’s Got Talent’s history and the only contestant to ever receive two Golden Buzzers.
May 12 19:32: Magnitude recalculated from 6.1 to 6.0.
Date & time: Sun, 12 May 19:24:49 UTC – 4 hours ago
Depth: 10.0 km
Epicenter latitude / longitude: 8.6°N / 82.79°W (Panama)
Nearest volcano: Baru (41 km)
Primary data source: GFZ
Estimated released energy: 6.3*10^13 J (17.5 GWh / 15080 tons of TNT / 0.9 atomic bombs equivalent) [learn more]If you felt this quake (or if you were near the epicenter), please share your experience with us and submit a short “I felt it” report.