Treasury Secretary Scott Bessent on Friday said the United States could remove sanctions from more Russian oil, a day after Washington issued a 30-day waiver allowing the sale of Russian crude currently stranded at sea to continue to India. "We may unsanction other Russian oil," Bessent told Fox Business' "Kudlow"...
Trump: Soaring College Football Costs Are Hitting Sports, Congress Must Act
President Donald Trump on Friday said the soaring cost of paying for football at colleges was harming school sports in general and the problem would need to be addressed by legislation, adding he might sign an executive order about it. Trump, said football name, image and likeness contracts for players...
FDA Vaccines Chief Vinay Prasad to Step Down in April
The head of the U.S. Food and Drug Administration's vaccines and biologics unit, Dr. Vinay Prasad, will leave the agency at the end of April, a spokesperson for the U.S. Department of Health and Human Services said on Friday. Prasad, an oncologist and outspoken critic of U.S. drug and vaccine...
Former Cal State Bakersfield Coach Faces Human Trafficking, Child Porn Charges
A former California State University, Bakersfield assistant men's basketball coach is jailed without bail on 11 criminal charges, including human trafficking and possession of child pornography, ESPN reported. Kevin Mays, hired as a temporary assistant coach in June, was arrested after an anonymous tipster emailed then-head coach Rod Barnes in...
Top National Symphony Leader Quits in New Blow to Kennedy Center
The executive director of the National Symphony Orchestra announced Friday that she was stepping down, the latest blow to the John F. Kennedy Center for the Performing Arts as it struggles with declining audiences, artist cancellations and the departure of its opera company in the wake of President Donald Trump’s...
US Stocks Close Down as Oil Spikes 12%, Job Market Weakens
Wall Street's three main indexes closed down on Friday amid a sudden setback in the U.S. labor market and a 12% spike in U.S. oil prices due to the escalating conflict in the Middle East. A disappointing payrolls report intensified worries that the U.S. economy could be cooling just as...
Global Bond Markets Tumble on Inflation Fears
Global government bond markets were headed for one of their worst weekly losses in months, on concerns that war in the Middle East will renew upward pressure on inflation and force more hawkish pivots from central banks. Crude oil was set on Friday for its strongest weekly gain since the...
Trump to Forge Ahead With Immigration Crackdown Driven by Top Aide Stephen Miller
President Donald Trump is expected to forge ahead with his aggressive immigration crackdown driven by top aide Stephen Miller and a new homeland secretary nominee who shares Trump's hardline view, current and former U.S. officials and lawmakers said. The Republican president fired Homeland Security Secretary Kristi Noem on Thursday after...
Bomb Threat Prompts Sweeps at Fowler Schools
A reported bomb threat at Fowler High School on Friday was determined to be a spoof call, according to the Fowler Police Department. Fresno County Sheriff's Office dispatch received the call reporting the threat, prompting an immediate response from officers. Out of an abundance of caution, officers conducted a sweep...
Dow and S&P Touch 3-Month Low as Middle East, Weak Jobs Report Weigh
Wall Street indexes fell on Friday, with the Dow and S&P 500 touching a more than three-month low, amid a sudden setback in the U.S. labor market and a 12% spike in U.S. oil prices. A disappointing payrolls report intensified worries that the U.S. economy could be cooling just as...