(NEW YORK) — Live Nation illegally monopolized the market for tickets, protecting its position through pressure and leverage, jurors in Manhattan federal court found Wednesday.
This is a developing story. Check back for updates.
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(NEW YORK) — The S&P 500 hit a record high on Wednesday as the ceasefire between the U.S. and Iran entered its second week, appearing to boost hopes of a resolution to the Middle East conflict.
The uptick in markets came hours after President Donald Trump reiterated his desire to wind down the conflict, saying the war is “very close to over” in a portion of an interview with Fox News’ Maria Bartiromo that aired on Tuesday.
The S&P 500 climbed 0.5% on Wednesday, registering at 7,005.78 points. The index reached a previous high of 7,002.28 points on Jan. 28.
The Dow Jones Industrial Average fell 125 points, or 0.2%, while the tech-heavy Nasdaq increased 1.1%.
Markets have swung dramatically over the weeks following the start of the U.S.-Israel attacks on Iran on Feb. 28, as investors weathered a historic global oil shock and digested mixed signals from Trump.
Stocks moved higher on a largely consistent basis in April, however, in response to an apparent willingness on the part of both sides to end fighting and negotiate a temporary truce.
The U.S. continues to mount a naval blockade of Iranian ports in the Strait of Hormuz, exerting pressure on Tehran by choking off a key source of revenue.
On Wednesday, the commander of the Khatam Al-Anbiya Central Headquarters of Iran’s armed forces said the U.S. blockade of Iranian ports is a “violation of the ceasefire,” in a statement published by the official Islamic Republic News Agency.
The war prompted Iran’s effective closure of the Strait of Hormuz, a critical waterway that facilitates the transport of about one-fifth of the global supply of oil and natural gas.
The disruption amounted to the “most severe oil supply shock in history,” the International Energy Agency (IEA) said in a new report on Tuesday. Oil and gasoline prices soared, prompting some economists to warn of a possible recession.
U.S. oil prices have fallen from a recent peak achieved in the early days of the war, but costs remain nearly 40% higher than pre-war levels.
U.S.-Iran talks in Pakistan over the weekend failed to secure a peace deal. Trump said that Iran’s alleged unwillingness to abandon its nuclear program was the key sticking point, and that the U.S. would respond with a blockade of the Strait of Hormuz, which began Monday.
Israel, meanwhile, has continued ground operations and intense strikes in Lebanon, where it is engaged with the Iran-backed Hezbollah militia. Israeli Prime Minister Benjamin Netanyahu said he supported the ceasefire with Iran, but that Lebanon was not covered by the agreement, despite Iranian protests.
ABC News’ David Brennan, Meredith Deliso, and Nadine El-Bawab contributed to this report.
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(NEW YORK) — Federal prosecutors arrested the organizer of New York City’s controversial SantaCon bar crawl Wednesday after they say he allegedly kept a lot of the holiday joy for himself.
Stefan Pildes, 50, is facing federal wire fraud charges that accuse him of siphoning hundreds of thousands of dollars in charitable funds for his own use, including for concert tickets and vacations.
SantaCon is an event held annually in December in which thousands of attendees dress as Santa Claus and other holiday characters and travel to bars and restaurants throughout the day.
The event is billed as “a charitable, non-political, nonsensical Santa Claus convention that happens once a year to spread absurdist joy” that charges attendees tickets that cost between $10 and $20, the indictment said.
“When one Attendee, for example, asked what she would receive for purchasing a ticket, the SantaCon Email responded, in part, ‘your donation goes to charity and it is only a few bucks and that good feeling will warm your heart faster than whiskey and gingerbread,'” the indictment said.
But of nearly $3 million Pildes raised since 2019, he allegedly diverted more than half to an entity he used as a slush fund, according to an indictment unsealed in Manhattan federal court.
Prosecutors allege Pildes used the money for personal expenses, including $365,000 to renovate a lakefront property in New Jersey, $124,000 toward the lease of a “luxury Manhattan apartment,” a “$100,000 investment in a boutique resort in Costa Rica founded by a personal friend,” and a nearly $3,000 birthday dinner, the indictment said.
Pildes was expected to appear in court later Wednesday, and it was not immediately clear whether he had a lawyer.
He is charged with one count of wire fraud, which carries a maximum sentence of 20 years in prison, according to the U.S. Attorney’s Office for the Southern District of New York.
The bar crawl has become a controversial event in Manhattan with complaints from local leaders and residents accusing some intoxicated Santa-dressed revelers of causing disturbances during the day
The NYPD has issued several summonses and made some arrests at past SantaCons.
-ABC News’ Ivan Pereira contributed to this report.
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(ATLANTA) — A Department of Homeland Security employee was “brutally shot and stabbed to death,” Monday, according to DHS Secretary Markwayne Mullin, in a shooting spree across the Atlanta area, in which one other person was killed and a third is in critical condition.
Lauren Bullis was walking her dog on Monday, when she was randomly attacked, allegedly stabbed and shot by Olaolukitan Adon Abel, a 26-year-old born in the United Kingdom who was naturalized in 2022, Mullin said.
“He possesses a prior criminal record that includes convictions for sexual battery, battery against a police officer, obstruction, and assault with a deadly weapon, vandalism and now stands accused of murdering @DHSgov employee Lauren Bullis by shooting and stabbing her while she walked her dog,” Mullin wrote on X.
Mullin said Abel was arrested for reportedly shooting a woman to death outside a restaurant before “randomly shooting a homeless man multiple times” outside a supermarket. ABC affiliate WSB reported that man is in critical condition.
Police said Abel, 26, shot and stabbed Burris about four hours later, according to WSB.
Police raided a home that the suspect rented near where Burris was attacked and arrested Abel, WSB reported, who faces at least six charges, including murder, aggravated assault and possession of a gun as a convicted felon.
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(LOS ANGELES) — Federal authorities are investigating after a California resident reported that a large chunk of ice fell from the sky and crashed through the roof of a house and landed on a couch.
The incident occurred around 11:15 a.m. on Friday at a home in Whittier in Los Angeles County, according to local officials.
The resident reported hearing “what sounded like an explosion” and found a large block of dirty-looking ice on the living room couch, Los Angeles County Supervisor Janice Hahn’s office said in a press release on Tuesday.
The ice had crashed through the roof and ceiling, according to Hahn’s office, which released photos of the damage to the home.
No one was injured in the incident, Hahn’s office said.
Local law enforcement and fire personnel responded and classified the situation as a “suspicious circumstance,” and the resident submitted a report to the Federal Aviation Administration, according to Hahn.
The home is under the Los Angeles International Airport landing approach. Data from Flightradar24 shows there were planes flying over the house around the time of the incident, and there is a plane over the house approximately every 3 minutes.
Hahn has called for a “thorough and timely” investigation into the incident in a letter to the FAA. The letter, dated Tuesday, noted that a “large mass of ice penetrated the roof of a residential home, causing significant structural damage and posing substantial risk of injury or loss of life.”
“While such incidents are rare, the potential consequences are extremely serious,” Hahn wrote. “Whether the material originated from aircraft systems, waste leakage, or another source, this event raises important concerns about aviation safety over densely populated communities in Los Angeles County.”
The FAA said it is investigating, and that the agency investigates every report it receives alleging ice fell from an airplane and damaged property.
The homeowner, Thania Magana, had reached out to Hahn on Saturday, “requesting assistance ensuring this incident is properly investigated,” Hahn’s office said.
Magana told ABC Los Angeles station KABC that the ice smelled bad and she’s concerned that she touched it.
“We definitely want to know what it consists of and if it’s going to affect our health,” she told the station.
If the ice was due to a plane, Magana told KABC that she wants to “understand why it happens, because even right now as we’re speaking, there’s a plane flying over us and it’s scary.”
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(WASHINGTON) — Prosecutors from the U.S. attorneys office in Washington were turned away Tuesday after they made an unannounced visit to the Federal Reserve, where they allegedly requested a tour of renovations that have attracted scrutiny from the Trump administration, sources familiar with the matter confirmed to ABC News.
The unusual visit prompted immediate backlash from an attorney for Federal Reserve Chairman Jerome Powell, who wrote a letter to D.C. U.S. Attorney Jeanine Pirro’s office, citing the recent ruling from a federal judge that blocked subpoenas to the bank after determining DOJ’s criminal probe was driven by President Donald Trump’s political animus towards Powell.
Robert Hur, who formerly served as special counsel who investigated former President Joe Biden’s handling of classified documents and now represents Powell, warned DOJ in the letter reviewed by ABC News that future efforts to initiate contact with Fed representatives should be negotiated through legal counsel.
“As you know, Chief Judge [James] Boasberg has concluded that your interest in the Federal Reserve’s renovation project was pretextual. Should you wish to challenge that finding, the courts provide an avenue for you; it is not appropriate for you to try to circumvent it,” Hur said. “I ask that you commit not to seek to communicate with my client outside the presence of counsel.”
According to Hur’s letter, attorneys from Pirro’s office, Carlton Davis and Steven Vandervelden, and a case agent showed up at the Fed’s headquarters, stating they wished to “check on progress” and that they asked for a “tour.”
A source said they were then told they could not access the site without preauthorized clearance from Fed management and were given the contact information for the Fed’s legal counsel, after which the three left the area.
“Any construction project that has cost overruns of almost 80% over the original construction budget deserves some serious review,” Pirro said in a statement on X after the prosecutors were turned away. “And these people are in charge of monetary policy in the United States?”
Pirro publicly vented her frustrations about Boasberg’s ruling that effectively blocked her office from investigating Powell, which she has vowed to continue appealing despite threats from Republican Sen. Thom Tillis to block any confirmation of Powell’s replacement until the criminal probe is resolved.
The probe centered on Powell’s testimony to Congress last year about cost overruns in a multibillion-dollar office renovation project.
Trump on Wednesday again threatened to fire Powell if he does not step down when his term as chair ends May 15.
“I’ll have to fire him, OK, if he’s not leaving on time — I’ve held back firing him. I’ve wanted to fire him, but I hate to be controversial, you know, I want to be uncontroversial,” Trump said in an interview with Fox Business’ Maria Bartiromo.
Legal experts have questioned if Trump has the authority to fire Powell. His attempt to fire Fed Governor Lisa Cook last year is currently awaiting a decision at the Supreme Court.
The confrontational visit also comes as Pirro’s name has repeatedly been floated as a potential permanent replacement for Pam Bondi as the next attorney general.
Powell rebuked the investigation in a video message in January as a politically motivated effort to influence the Fed’s interest rate policy.
Pirro, at a press conference in March, denied that politics played any role in her probe of Powell and the focus was whether public money has been wasted as a result of the Fed’s renovations, and potential false statements to Congress by Powell about the operations.
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(NEW ORLEANS) — An apparent Molotov cocktail was used to start a fire outside a Tesla sales office in New Orleans, according to federal officials.
The incendiary device sparked a blaze at the office’s front door just before 8 a.m. Tuesday, according to the Bureau of Alcohol, Tobacco, Firearms and Explosives and New Orleans police.
No one was injured, but the business suffered damage, police said.
No arrests have been made, police said.
ABC News’ Ahmad Hemingway contributed to this report.
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(WASHINGTON) — Wednesday is Tax Day, the last day of this year’s tax season, and the average refund for filers is up 11% compared to last year’s filing season, according to new Treasury Department data.
The average refund this filing season is “over $3,400,” the Treasury Department data said.
The data, which is as of Tuesday, also showed that “over 53 million filers claimed at least one of President Trump’s signature new tax cuts,” which includes provisions from Trump’s sweeping legislation that was passed last year.
Treasury has also announced that more than 5 million filers have opened so-called Trump Accounts for children who were eligible under the law.
“Treasury and the IRS have worked tirelessly to ensure our tax system works for the people it is meant to serve,” Treasury Secretary Scott Bessent said in a press release on Wednesday. “From the shop floor to the kitchen table, taxpayers are feeling the difference of the largest tax cuts in our nation’s history, and millions of Americans are keeping more of what they earn and seeing their paychecks go further than ever before.”
Over 25 million filers have claimed No Tax on Overtime, with an average deduction of over $3,100, the department’s data noted, while more than 30 million seniors have claimed the Enhanced Deduction for Seniors, with an average deduction of over $7,500.
The data also showed that more than 105 million filers have claimed the permanently doubled standard deduction — the specific dollar amount that reduces the amount of income on which people are taxed.
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(NEW YORK) — Cadaver dogs are heading to help with the search for Lynette Hooker, an American woman who’s missing in the Bahamas, according to police.
The K-9 team from the U.S. Coast Guard will be on the ground in Hope Town on Wednesday morning, Advardo Dames, assistant commissioner of the Royal Bahamas Police, told ABC News.
Lynette Hooker has been missing since she went overboard on a dinghy on the evening of April 4.
When the 55-year-old Michigan woman and her husband, Brian Hooker, departed Hope Town on the Abaco Islands for their yacht, Soulmate, in Elbow Cay, bad weather caused her to fall off the dinghy, her husband told authorities.
Brian Hooker, 58, was arrested on April 8 and questioned by police. He was released on Monday without charges.
Brian Hooker told ABC News on Tuesday that he’s staying in the Bahamas with a “sole focus” of finding his wife, “no matter how likely or unlikely that is.”
He said he was planning “to go back to the boat, and then hire or beg people to help me go find some areas to search.”
Brian Hooker’s attorney did not allow him to answer questions about what happened the night his wife went overboard due to the pending investigation.
When asked if there was anything he wishes he’d done differently, Brian Hooker was emotional, saying, “I will always think there was something I could have done differently. My one job, my one job was to look out for her, and that has not happened. And I’m gonna keep looking out for her now, the best I can.”
ABC News’ Brian Andrews contributed to this report.
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(NEW YORK) — A rare asteroid will soon be visible to the naked eye in a rare celestial event, according to astronomers.
Asteroid 99942 Apophis – named after the Egyptian deity of chaos, darkness and fire – is expected to safely pass close to Earth on April 13, 2029, according to NASA.
The asteroid will pass within roughly 20,000 miles of Earth – nearly 12 times closer than the moon’s average distance from Earth, and closer than many satellites in geosynchronous orbit – making it one one of the closest approaches ever recorded for an object if its size and a “very rare event,” according to NASA.
The approach will be visible to observers on the ground in the Eastern Hemisphere, weather permitting, according to NASA. It will be close enough that sky-watchers won’t need a telescope or binoculars to see it, astronomers say.
When Apophis was first discovered in 2004, it was labeled a potentially hazardous asteroid because of the possibility that it could impact Earth in 2029, 2036 or 2068, according to NASA.
After closely tracking the asteroid and its orbit using optical telescopes and ground-based radar, astronomers are now confident that there is no risk of Apophis impacting Earth for at least 100 years.
The Earth’s gravitational pull could change the asteroid’s orbit around the sun as it passes in 2029, making the orbit slightly larger or the orbital period slightly longer, but the risk of impact with Earth will remain the same, NASA says. Its close passage will also afford astronomers around the world the opportunity to learn more about the asteroid.
Apophis is the Greek name for the Egyptian god known as Apep. The name was proposed by the astronomers who discovered the asteroid: Roy Tucker, David Tholen and Fabrizio Bernardi of the Kitt Peak National Observatory near Tucson, Arizona.
The asteroid is a relic of the early solar system from about 4.6 billion years ago, made of leftover raw material that was never part of a planet or moon, according to NASA. Though its exact size and shape is unknown, it has a mean diameter of about 1,115 feet and a long axis of at least 1,480 feet.
Apophis’ surface is weathered due to eons of exposure to space weather, including solar wind and cosmic rays, according to the Massachusetts Institute of Technology.
Observatories around the world and in space will observe the asteroid’s historic approach to Earth in order to better understand its physical properties.
NASA has redirected a spacecraft to rendezvous with Apophis shortly after its close approach in 2029, while the European Space Agency is sending a spacecraft to study it.
When the April 2029 flyby occurs, Apophis will become a member of the “Apollo” group, the family of asteroids that cross Earth’s orbit but that themselves have orbits around the sun that are wider than the Earth’s, according to the ESA.
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