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Stocks dip ahead of report on inflation

NEW YORK (AP) — Wall Street dipped on Tuesday following some mixed earnings reports, as stocks remain roughly where they’ve been stuck for more than a month. The S&P 500 fell 18.95 points, or 0.5%, to 4,119.17. The Dow Jones Industrial Average lost 56.88, or 0.2%, to 33,561.81, while the Nasdaq composite fell 77.36, or 0.6%, to 12,179.55. Paypal fell 12.7% despite reporting better profit and revenue for the latest quarter than expected. Analysts pointed to its forecast for how much profit it expects to wring out of each $1 of revenue, which may have disappointed some ...

Fox Corp. dinged by settlement in Q3

NEW YORK (AP) — Fox Corp. swung to a third quarter loss, weighed down by Fox News’ nearly $800 million settlement with Dominion Voting Systems. In April Fox News agreed to pay Dominion Voting Systems to avert a trial in the voting machine company’s lawsuit that would have exposed how the network promoted lies about the 2020 presidential election. Dominion had sued Fox for $1.6 billion, arguing that the top-rated news outlet damaged the company’s reputation by peddling phony conspiracy theories that claimed its equipment switched votes from former President Donald Trump to ...

New Mexico proposal would extend free child care, boost pay to providers

SANTA FE, N.M. (AP) — New Mexico would extend indefinitely no-pay child care for most children up to age 5 with increased payment rates to private and public child care providers under proposed regulations announced Monday. New Mexico’s current child care subsidies — among the most expansive in the nation — were initiated with federal coronavirus relief money. Education officials are now grappling with financial strategies to sustain efforts to expand the reach and quality of child care services in a state with low rates of workforce participation and high rates of childhood ...

Mass. Senate unveils nearly $56B state budget plan

BOSTON (AP) — The Massachusetts Senate unveiled a $55.8 billion state budget proposal for the new fiscal year Tuesday even as tax collections for April fell more than $2 billion below collections for the same month last year. The Senate budget would let all Massachusetts students, regardless of immigration status, qualify for in-state tuition rates at public colleges and universities, provided they attended a Massachusetts high school for at least three years and graduated or obtained a GED. The budget would also create a free community college program for nursing ...

Penn State board OKs more athletics upgrades

By Josh Moyer Centre Daily Times Although Beaver Stadium was the costliest and most high-profile project approved by Penn State’s board of trustees on Friday, five other sports-related projects were approved. The full board of trustees ​voted to expend funds for those projects — totaling just more than $90 million — as well as the $70 million cost for the first phase of the Beaver Stadium renovations. Alterations to the Greenberg Sports Complex, addition of an air facility for Olympic sport practice use and renovations to the East Area Locker Room were all approved ...

Casino approved despite efforts

By Lilly Riddle Spotlight PA STATE COLLEGE — In January, despite months of documented public opposition, the Pennsylvania Gaming Control Board (PGCB) unanimously approved a casino slated to go in the Nittany Mall. Andrew Shaffer, who runs the website SayNoCasino.org, was at the forefront of the anti-casino movement, collecting thousands of State College area residents’ signatures opposing the project. They believe the casino will be a drain on the economy and adversely affect Penn State students, a population especially susceptible to gambling addiction. The “mini-casino,” ...