Dow slumps nearly 400 points due to trade war
Stocks fell sharply on Wall Street Monday, knocking nearly 400 points off the Dow Jones Industrial Average.
The benchmark S&P 500 had its worst day in a week as the sell-off put the market deeper into the red for August. The selling was widespread, with technology companies and banks accounting for a big share of the decline.
The latest wave of anxious selling left the S&P 500 index down 35.56 points, or 1.2%, at 2,883.09. The Dow fell 389.73 points, or 1.5%, to 25,897.71. The average was briefly down 462 points.
The Nasdaq composite dropped 95.73, or 1.2%, to 7,863.41.
Salt Lake City
Utah man closer to death by firing squad
A Utah death row inmate featured in the popular book Under the Banner of Heaven after killing his sister-in-law and her child for resisting his polygamist beliefs inched closer to becoming the first American to be executed by firing squad in nearly a decade after losing his latest appeal Monday.
Ron Lafferty could be executed as soon as next year after his latest legal setback, said Andrew Peterson, assistant solicitor general at the Utah attorney general’s office.
The last time a firing squad was used in the U.S. was in 2010, when Ronnie Lee Gardner was executed in Utah for the 1984 murder of an attorney during a failed courthouse escape.
Home explodes, killing likely asleep man
Authorities in Wisconsin said a man was likely asleep when his home exploded, killing him.
Waupaca County Sheriff Tim Wilz told news outlets that the home was “totally obliterated” by the Sunday morning explosion. The sheriff’s office identified the victim as 64-year-old Mark Steven Zielke.
The cause of the explosion has not yet been determined. Wilz said the fire marshal conducted an initial investigation and insurance companies will send over their own investigators.
Verizon sells social media site Tumblr
Verizon is selling Tumblr, a darling of early social media, to the owner of blogging platform WordPress.
Tumblr is known for its devoted fan base and has been home to angry posts from celebrities like Taylor Swift. It angered many users last year when it banned porn and “adult content,” which made up a big part of its highly visual and meme-friendly online presence.
But well before that, the site has already been drifting in the face of competition from Facebook and its Instagram service and from Google’s YouTube. Tumblr has also been overshadowed by Twitter.
Ex-coach who had sex with teen gets 4 years
A former Ohio State diving club coach accused of abusing that role and having sex with a diver when she was a teenager was sentenced Monday to four years in prison after pleading guilty to sexual battery.
Estee Pryor has said William Bohonyi began pressuring her for sex when she was 16. At Bohonyi’s sentencing in Columbus, Pryor told the judge she has lived for years with the consequences of being manipulated by her coach, while he hadn’t been held accountable for what happened or for trying to cover it up.