Here is the latest news from The Associated Press at 11:40 p.m. EST
NEW YORK (AP) — The stock market slid even further on Monday as worries about the prospect of higher interest rates flared. Professionals said automated trading systems may have exacerbated the losses, and more volatility may be on the way in ensuing days. But many remain optimistic that the economy is continuing to grow and that stock prices can eventually recover.
UNDATED (AP) — When stock prices plummeted Monday, many of the ordinary investors who have savored the long run-up in the markets, braced themselves. At work and at home, many kept watch on the dropping Dow Jones average, reminding themselves that it comes after months of robust gains, while trying not to worry about how it might affect their ability to pay for future retirement and college expenses.
WASHINGTON (AP) — The former chief strategist to President Donald Trump, Steve Bannon, was scheduled to be interviewed behind closed doors Tuesday by the House intelligence committee, but that meeting has now been delayed. Bannon was under active subpoena and scheduled to appear as part of the committee’s investigation into Russian election interference. Two people familiar with the panel’s schedule tell The Associated Press that meeting has now been put off.
HARRISBURG, Pa. (AP) — A Pennsylvania Supreme Court justice is turning down a request by Republican legislative leaders to step aside from participating in a hotly contested redistricting case. Justice David Wecht issued a 20-page opinion on Monday that called his comments critical of gerrymandering when running for election in 2015 “sometime ardent.” Wecht says they were designed to inform voters of his views without saying how he’d rule in a particular case.
LOS ANGELES (AP) — A representative for John Mahoney says the actor known playing the cranky dad on “Frasier” has died. He was 77. Mahoney’s longtime manager, Paul Martino, tell The Associated Press that Mahoney died Sunday in Chicago after a brief hospitalization. Mahoney played Martin Crane, father of Kelsey Grammer’s Frasier and David Hyde Pierce’s Niles on “Frasier,” a hit spinoff of “Cheers.”