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Stock market today: Live updates

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Traders work at the New York Stock Exchange on June 25, 2025.

NYSE

The S&P 500 slipped Tuesday to kick off the second half of 2025 after the broad market index notched another record to close out a stunning quarter.

The S&P 500 shed 0.2%, while the Nasdaq Composite lost 0.7%. The Dow Jones Industrial Average, however, gained 257 points, or 0.6%.

Electric vehicle maker Tesla fell about 4% after President Donald Trump suggested in a post on Truth Social that the Department of Government Efficiency (DOGE) should look into the government subsidies that CEO Elon Musk’s companies have received.

Musk has criticized Trump’s sweeping “big, beautiful bill,” calling it “utterly insane and destructive” over the weekend. In response to the president’s recent post, Musk wrote in a post on X: “I am literally saying CUT IT ALL. Now.” This isn’t the first time Trump and Musk have sparred over the administration’s spending plans. A feud broke out between the two earlier this year.

Stocks showed little reaction to comments from Federal Reserve Chair Jerome Powell, who confirmed at a panel at the European Central Bank’s Forum on Central Banking in Portugal that the central bank likely would have cut rates again by now were it not for tariffs. He added that any future move would depend on the data and didn’t answer directly regarding whether or not July would be too soon.

“In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” Powell said.

Wall Street is coming off another record setting session after came after Canada walked back its digital services tax in an attempt to facilitate trade negotiations with the U.S. Ottawa’s move to rescind the new levy comes after Trump said on Friday he would be “terminating ALL discussions on Trade with Canada.”

Traders are hoping for deals between the U.S. and its trading partners, as Trump’s 90-day reprieve on his steepest tariffs is set to expire next week. While Zachary Hill, head of portfolio management at Horizon Investments, doesn’t believe the market expects “very much,” volatility could still be on the horizon.

“If you did see some reimposition of the reciprocal tariff rates that were announced on ‘liberation day,’ I don’t think that would be well received by investors in the near term. Is it a catastrophe or something that’s going to cause a reaction of similar magnitude of what we saw in early April? No, I don’t think so, but we are pretty fully valued here,” he said. “Investors have definitely increased positioning over the last couple of weeks, so I do think that’s a potential vulnerability.”

Stocks made an impressive comeback after suffering steep declines in April, after Trump’s sweeping tariff policy pushed the S&P 500 near bear market territory. The major averages have since made a sharp turnaround, with the broad market index closing the second quarter with a 10.6% gain and the Nasdaq up nearly 18% in the period.



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A list of Texas flood victims emerges

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Two eight-year-old sisters from Dallas who had just completed 2nd grade. A beloved soccer coach and teacher. An Alabama elementary student away from home. These are a few of the dozens of victims lost in devastating flooding in Texas.

The flooding in central Texas originated from the fast-moving waters on the Guadalupe River on Friday, killing at least 89 people. Authorities say search and rescue efforts are still underway, including for campers missing from a summer camp for girls.

Hanna and Rebecca Lawrence

Hanna and Rebecca Lawrence were 8-year-old sisters from Dallas who were among the victims killed by the flooding at Camp Mystic.

The girls had just finished second grade, their parents said.

“Hanna and Rebecca brought so much joy to us, to their big sister Harper, and to so many others,” John and Lacy Lawrence said in a statement. “We will find ways to keep that joy, and to continue to spread it for them. But we are devastated that the bond we shared with them, and that they shared with each other, is now frozen in time. “

David Lawrence, the girls’ grandfather and former publisher of the Miami Herald, said “it has been an unimaginable time for all of us.” He said the girls gave their family, including their sister, joy.

“They and that joy can never be forgotten,” he said in a statement.

University Park Elementary School, where Hanna and Rebecca attended, said on its website that “numerous” students were in the Texas Hill Country during the flooding and had to evacuate. The school did not immediately respond to a message left Monday morning.

“We are deeply saddened to report the loss of multiple students, and our thoughts and prayers are with all of the families deeply affected by this unimaginable tragedy,” the school said on its site.

Reece and Paula Zunker

Reece Zunker was described as “a passionate educator and a beloved soccer coach” by Tivy High School in Kerrville, Texas.

“His unwavering dedication to our students, athletes, and the Tivy community touched countless lives and will never be forgotten,” the school posted online Sunday.

Paula Zunker was a former teacher at the school. “The care and impact she shared with her students continue to be felt, even years later,” the post said.

The couple’s young children, Lyle and Holland, were still missing, the school said.

The family had been staying at a river house in Hunt.

Tanya Burwick

The last time Tanya Burwick’s family heard from her was a frantic phone call about the floodwaters as she headed to work at a Walmart early Friday in the San Angelo area. When Burwick didn’t show up for work, her employer filed a missing persons report and sent a colleague to look for her.

Police investigating the 62-year-old’s disappearance found Burwick’s unoccupied SUV fully submerged later that day. Her body was found the next morning blocks from the vehicle.

“She lit up the room and had a laugh that made other people laugh,” said Lindsey Burwick, who added that her mom was a beloved parent, grandparent and colleague to many.

She and her brother Zac said the day was especially difficult because it happened on July Fourth as they were working at a fireworks stand that’s been in the family for generations. As word of Tanya Burwick’s disappearance spread, people from from Blackwell, a small community of about 250 people, showed up to the stand that’s run out of a trailer painted orange.

“People came to our aid,” Lindsey Burwick said.

Police in San Angelo said more than 12,000 houses, barns and other buildings have been affected by the floods in the community of roughly 100,000 people.

“We ask that the public continue to keep the Burwick family in their thoughts and prayers as they navigate this heartbreaking tragedy,” the San Angelo Police Department said in a Facebook post.

Jane Ragsdale

Jane Ragsdale, 68, devoted her life to the Heart O’the Hills Camp, a summer camp for girls in Texas Hill Country. She was a camper and counselor there herself in the 1970s before becoming a co-owner. By the 1980s, she was director of the camp in Hunt.

“She was the heart of The Heart,” the camp said in a statement. “She was our guiding light, our example, and our safe place. She had the rare gift of making every person feel seen, loved, and important.”

Since the camp was between sessions, no children were staying there when the floodwaters rose. The camp’s facilities, directly in the path of the flood, were extensively damaged and access to the site remained difficult, according to camp officials. The camp has been in existence since the 1950s.

Camp officials said Ragsdale would be remembered for her strength and wisdom.

“We are heartbroken. But above all, we are grateful,” the camp said. “Grateful to have known her, to have learned from her, and to carry her light forward.”

In a 2015 oral history for the Kerr County Historical Commission, Ragsdale, whose first name was Cynthie, but went by her middle name Jane, talked about how her father was also a camp director and how much she enjoyed her experiences.

“I loved every minute of camp from the first time I stepped foot in one,” she recalled.

Videos of Ragsdale strumming a guitar and singing to campers during a recent session were posted in a memorial on the camp’s Facebook page: “Life is good today. So keep singing ’til we meet, again.”

Sarah Marsh

Eight-year-old Sarah Marsh from Alabama had been attending Camp Mystic in Texas, a longtime Christian girls camp in Hunt where several others were killed in the floods. As of Sunday, afternoon, 11 children were still missing.

Marsh was a student at Cherokee Bend Elementary in suburban Birmingham.

“This is an unimaginable loss for her family, her school, and our entire community,” Mountain Brook Mayor Stewart Welch said in a Facebook post. “Sarah’s passing is a sorrow shared by all of us, and our hearts are with those who knew and loved her.”

He said the community — where about 20,000 people reside — would rally behind the Marsh family as they grieved.

Her parents declined an interview request Sunday “as they mourn this unbearable loss,” the girl’s grandmother, Debbie Ford Marsh, told The Associated Press in an email.

“We will always feel blessed to have had this beautiful spunky ray of light in our lives. She will live on in our hearts forever!” Marsh wrote on Facebook. “We love you so much, sweet Sarah!”

She declined further comment.

U.S. Sen. Katie Britt of Alabama also noted the girl’s tragic death.

“We continue to pray for the victims’ loved ones, the survivors, those who are still missing, and our brave first responders as search and rescue efforts continue in Texas,” she said in a post on social media platform X.

Blair and Brooke Harber

Sisters Blair and Brooke Harber, both students at St. Rita Catholic School in Dallas, had been staying alongside the Guadalupe River when their cabin was swept away, according to the school.

Pastor Joshua J. Whitfield of St. Rita Catholic Community, which shares a campus with the school, said the girls’ parents, Annie and RJ Harber, were staying in a different cabin and were safe. However, their grandparents were unaccounted for. Annie Harber has been a longtime teacher at the school.

“This tragedy has touched every corner of our hearts,” the church said in a statement Sunday.

Blair, who was enrolled in advanced classes, was involved in numerous school activities from volleyball and basketball to speech and drama. Brooke was a rising sixth grader and a student athlete in volleyball and lacrosse, among other sports. She also participated in speech and drama, according to the church.

Both were remembered for their kind hearts and warm personalities.

“We will honor Blair and Brooke’s lives, the light they shared, and the joy they brought to everyone who knew them,” Whitfield wrote in a Saturday letter to parishioners. “And we will surround Annie, RJ, and their extended family with the strength and support of our St. Rita community.”

The church held a special prayer service Saturday afternoon and offered counseling.

“Please keep the Harber family in your prayers during this time of profound grief,” Whitfield wrote. “May our faith, our love, and our St. Rita community be a source of strength and comfort in the days ahead.”





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US children are growing increasingly unhealthy, new study says

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The health of U.S. children has deteriorated over the past 17 years, with kids today more likely to have obesity, chronic diseases and mental health problems like depression, a new study says.

Much of what researchers found was already known, but the study paints a comprehensive picture by examining various aspects of children’s physical and mental health at the same time.

“The surprising part of the study wasn’t any with any single statistic; it was that there’s 170 indicators, eight data sources, all showing the same thing: a generalized decline in kids’ health,” said Dr. Christopher Forrest, one of the authors of the study published Monday in the Journal of the American Medical Association.

Health Secretary Robert F. Kennedy Jr. has brought children’s health to the forefront of the national policy conversation, unveiling in May a much-anticipated “Make America Healthy Again” report that described kids as undernourished and overmedicated, and raised concerns about their lack of physical activity. But the Trump administration’s actions — including cuts to federal health agencies, Medicaid and scientific research — are not likely to reverse the trend, according to outside experts who reviewed Monday’s study.

“The health of kids in America is not as good as it should be, not as good as the other countries, and the current policies of this administration are definitely going to make it worse,” said Dr. Frederick Rivara, a pediatrician and researcher at the Seattle Children’s Hospital and UW Medicine in Seattle. He co-authored an editorial accompanying the new study.

Forrest and his colleagues analyzed surveys, electronic health records from 10 pediatric health systems and international mortality statistics. Among their findings:

— Obesity rates for U.S. children 2-19 years old rose from 17% in 2007-2008 to about 21% in 2021-2023.

— A U.S. child in 2023 was 15% to 20% more likely than a U.S. child in 2011 to have a chronic condition such as anxiety, depression or sleep apnea, according to data reported by parents and doctors.

— Annual prevalence rates for 97 chronic conditions recorded by doctors rose from about 40% in 2011 to about 46% in 2023.

— Early onset of menstruation, trouble sleeping, limitations in activity, physical symptoms, depressive symptoms and loneliness also increased among American kids during the study period.

— American children were around 1.8 times more likely to die than kids in other high-income countries from 2007-2022. Being born premature and sudden unexpected death were much higher among U.S. infants, and firearm-related incidents and motor vehicle crashes were much more common among 1-19-year-old American kids than among those the same age in other countries examined.

The research points to bigger problems with America’s health, said Forrest, who is a pediatrician at the Children’s Hospital of Philadelphia.

“Kids are the canaries in the coal mine,” he said. “ When kids’ health changes, it’s because they’re at increased vulnerability, and it reflects what’s happening in society at large.”

The timing of the study, he said, is “completely fortuitous.” Well before the 2024 presidential election, Forrest was working on a book about thriving over the life span and couldn’t find this sort of comprehensive data on children’s health.

The datasets analyzed have some limitations and may not be applicable to the full U.S. population, noted Dr. James Perrin, a pediatrician and spokesman for the American Academy of Pediatrics, who wasn’t involved in the study.

“The basic finding is true,” he said.

The editorial published alongside the study said while the administration’s MAHA movement is bringing welcome attention to chronic diseases, “it is pursuing other policies that will work against the interests of children.” Those include eliminating injury prevention and maternal health programs, canceling investments in a campaign addressing sudden infant death and “fueling vaccine hesitancy among parents that may lead to a resurgence of deadly vaccine-preventable diseases,” authors wrote.

Officials from the U.S. Health and Human Services Department did not respond to a request for comment.

Forrest said risks highlighted by the MAHA report, such as eating too much ultra-processed food, are real but miss the complex reality driving trends in children’s health.

“We have to step back and take some lessons from the ecological sustainability community and say: Let’s look at the ecosystem that kids are growing up in. And let’s start on a kind of neighborhood-by-neighborhood, city-by-city basis, examining it,” he said.

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The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.





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Israel bombs Houthis in Yemen after rebels attack commercial ship for first time in months

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CNN
 — 

Israel has carried out its first strikes against Houthi targets in Yemen since the Israel-Iran ceasefire, attacking ports and a power plant around midnight local time Sunday night into Monday morning.

The strikes come after at least three Houthi ballistic missiles were launched at Israel, according to the Israel Defense Forces (IDF), including one missile that was intercepted Saturday.

The Iran-backed Houthis also claimed responsibility for an attack on the bulk carrier ‘Magic Seas’ in the Red Sea on Sunday, the first on commercial shipping in the region by the rebels this year.

Israel struck the ports of Hodeida, Ras Isa, Salif and the Ras Kanatib power plant along the Red Sea. The IDF also hit the Galaxy Leader, a cargo ship seized by the Houthis in November 2023.

“Houthi forces installed a radar system on the ship and have been using it to track vessels in the international maritime arena to facilitate further terrorist activities,” the IDF said in a statement following the strikes.

A short time before the wave of attacks, the IDF’s Arabic language spokesman, Avichay Adraee, issued an evacuation warning for the ports and the power station.

Defense Minister Israel Katz said the strikes were part of the newly named Operation “Black Flag.” In a statement on social media, Katz said, “The Houthis will continue to pay a heavy price for their actions” and promised more attacks would follow if the Houthis kept launching drones and ballistic missiles at Israel.

The Houthi military confirmed the strikes but said, “Yemeni air defenses effectively confronted the Israeli aggression,” using, “a massive barrage of locally manufactured surface-to-air missiles,” in a short statement on early Monday morning.

There are no immediate reports of casualties from the strikes.

Houthi political bureau member Mohammed Al Farah said targeting Yemeni ports, power stations, and other “civilian facilities is an attempt to harm civilians and has no connection to any military activity,” according to the Houthi-run Al-Masirah TV.

Since Israel’s war with Hamas in Gaza started in October 2023, the country has come under fire from missiles and rockets from Hezbollah in Lebanon and the Houthis in Yemen, who claim to strike Israel in solidarity with the Palestinians.

On Sunday, the Houthis attacked the ‘Magic Seas’ ship, claiming that the its owner had used Israeli ports.

The rebels said they had struck the vessel with unmanned boats, missiles and drones, and it had now sunk. They have warned that they will target shipping that uses ports in Israel, which they describe as “occupied Palestine.”

The vessel’s operator – Stem Shipping – told Reuters that the ‘Magic Seas’ had made a port call to Israel in the past, but the latest transit of the region appeared low-risk as it had nothing to do with Israel.

The ‘Magic Seas’ crew of 19 left the boat on Sunday and were being taken by another ship to Djibouti.

In May, the Houthi group – which controls much of northern and central Yemen – agreed to halt attacks on US warships in the Red Sea after more than a month of airstrikes by US forces on its strongholds and missile infrastructure.

But it did not pledge to end attacks on other shipping with alleged connections to Israel and has continued to fire ballistic missiles at Israel in support of the Palestinian population in Gaza.

This story has been updated with additional developments.



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