Oil reversed earlier gains on Wednesday as uncertainty over the situation in the Middle East unnerved markets and U.S. President Donald Trump again suggested the U.S.-Israeli war with Iran could be nearing an end. The front-month Brent contract for June fell $1.85, or 1.8%, to $102.12 per barrel at 1414...
US Business Inventories Unexpectedly Fall in January
U.S. business inventories unexpectedly fell in January amid a large decline in stocks at wholesalers, suggesting inventory investment could weigh on economic growth in the first quarter. Inventories dipped 0.1% after being unchanged in December, the Commerce Department's Census Bureau said on Wednesday. Economists polled by Reuters had expected that...
Trump Says US May Exit Iran War Soon and Threatens to Quit NATO, as Oil Crisis Escalates
The United States will end its war on Iran fairly soon and could return for "spot hits" if needed, President Donald Trump told Reuters on Wednesday, hours before he was scheduled to make a primetime address to the nation. Trump also said he would state in the speech, which is...
Trump Admin Presents New Plan to Slash Two Thirds of Consumer Watchdog Workforce
President Donald Trump's administration has developed a fresh plan to slash the workforce at the U.S. Consumer Financial Protection Bureau by about two thirds, stepping back from earlier efforts to get rid of nearly 90% of all employees, court documents showed. In a filing submitted Tuesday evening to the U.S....
In Historic First, Trump Attends Supreme Court Arguments
President Donald Trump made a historic visit to the U.S. Supreme Court on Wednesday to attend arguments over the legality of a policy he considers crucial to his hardline approach toward immigration - a directive he signed on his first day back in office that would limit birthright citizenship. Trump...
Iran Says Trump’s Statements on Tehran Requesting Ceasefire Are False and Baseless
Iran's foreign ministry spokesperson said U.S. President Donald Trump's statement on Iran requesting a ceasefire was false and baseless, Iranian state TV reported on Wednesday. — (Reporting by Nayera Abdallah)
Hegseth Says ‘No Punishment’ for Helicopter Aircrew That Flew Near Kid Rock’s House
Pentagon chief Pete Hegseth said on Tuesday that the suspension of the aircrew from two U.S. Army Apache attack helicopters that flew near singer Kid Rock’s house over the weekend had been lifted. His comments came after a U.S. official told Reuters the aircrew were suspended following the move. "Thank...
Trump Signs Order Tightening Mail-in Voting, Drawing Swift Legal Threats
President Donald Trump signed an executive order on Tuesday tightening rules on mail‑in voting nationwide, including directing his administration to compile a list of confirmed U.S. citizens eligible to vote in each state, drawing immediate threats of legal challenges from voting rights groups and Democrats. The order would use federal...
Tiger Woods Says He Is Stepping Away for Treatment After DUI Arrest
Tiger Woods said on Tuesday he is stepping away to seek treatment and focus on his health after pleading not guilty to DUI charges stemming from his rollover crash in Florida last week. Woods, a 15-time major champion and the greatest golfer of his generation, was arrested last Friday afternoon...
US Judge Rejects IRS Pact Allowing Churches to Endorse Political Candidates
A federal judge on Tuesday declined to approve a Trump administration-crafted settlement that would have allowed churches and other houses of worship to endorse political candidates to their congregations without risking losing their status as tax-exempt nonprofits. U.S. District Judge J. Campbell Barker in Tyler, Texas, ruled he lacked jurisdiction...