The United States is stalling the implementation of a $40 billion technology agreement with Britain, officials said, following concerns in Washington over London's approach to digital regulation and food standards. The “Tech Prosperity Deal,” covering artificial intelligence, quantum computing, and civil nuclear energy, was agreed during President Donald Trump's state...
US Overdraft Fees Jump at Big Banks Amid Regulatory, Economic Shifts
WASHINGTON, Dec 16 — Fourteen of the largest U.S. retail banks posted jumps in the income they generated from overdraft and bounced-check fees during the first nine months of the year, while two big banks reported sharp declines, according to a Reuters analysis. The data reveals growing industry divergence on...
US FAA to Spend $6 Billion on Air Traffic Telecom, Radar Systems
WASHINGTON, Dec 16 — The head of the Federal Aviation Administration said Tuesday the agency is committing $6 billion by the end of the year on new air traffic control telecom infrastructure and radar surveillance systems that will be deployed by the end of 2028. Congress in June approved $12.5...
Fresno County Crash Leaves One Dead, Four Injured
A 20-year-old man was killed early Sunday morning in a two-vehicle collision at an intersection in Fresno County, authorities said. The California Highway Patrol said its communications center received an automated cell phone crash notification at about 1:30 a.m. reporting a collision at the intersection of Cherry and American avenues....
Trump Sues Britain’s BBC for up to $10 Billion Over Speech Edit
Dec. 16 — President Donald Trump sued the BBC for up to $10 billion in damages over edited clips of a speech that made it appear he directed supporters to storm the U.S. Capitol, opening an international front in his fight against media coverage he deems untrue or unfair. Trump...
US Unemployment Rate Rises, a Warning Sign for Economy
The unemployment rate rose in November, a warning sign for the health of a labor market that has been strained by federal layoffs and rising costs. The jobless rate last month rose to 4.6%, up from 4.4% in September, the last month for which officials had a full picture of...
Australia Doubles Down on Gun Control After Mass Shooting
SYDNEY — For decades, Australians have watched in disbelief as the United States endured mass shooting after mass shooting. Each horrific episode touched off a familiar cycle of horror in the United States: an outpouring of grief, followed by calls for tougher gun laws that would inevitably dissolve to the...
Wall Street Flat as Healthcare Losses Offset Tech Gains, Focus on Jobs Data
Wall Street's main indexes were little changed in volatile trading on Tuesday as healthcare and energy stocks led losses, while investors assessed a jobs report that signaled a cooling labor market and kept hopes for future interest rate cuts alive. A Labor Department report showed U.S. job growth rebounded in...
Former Fresno Congressman TJ Cox Sentenced to a Year in Prison
A former congressmember will serve one year and one day in federal prison, a judge ruled Monday. Terrence John “TJ” Cox, a Fresno Democrat who served one term in Congress, pleaded guilty in February to one count of wire fraud and one count of wire fraud affecting a financial institution....
Reiner Seen Arguing With Son at Conan O’Brien Party on Eve of His Death
LOS ANGELES — A son of celebrated Hollywood director Rob Reiner and Michele Singer Reiner has been arrested on suspicion of murder in the deaths of his parents, police said Monday. The arrest Sunday came the day after the father and son were seen arguing at a party at the...