President Donald Trump said on Wednesday there was "not much" doubt in his mind that benchmark U.S. interest rates will be lowered by the Federal Reserve. Trump said in an interview with NBC News he believes his choice to lead the Fed, Kevin Warsh, understands the U.S. president's preference for...
Wall Street Drops as AI Worries Hit Tech Stocks
U.S. stocks dropped on Wednesday, with losses in Advanced Micro Devices, Palantir and other technology companies, as investors worried about pricey valuations and whether Wall Street's AI rally has reached its peak. Alphabet fell 2.3% ahead of its quarterly results after the bell, which will give investors a fresh glimpse...
Russia Says It’s Open to Diplomacy but Will Counter Any New Threats After Expiry of Nuclear Treaty
Russia said on Wednesday it was open to diplomacy on nuclear security but would resolutely counter any new threats, after what it called a mistaken and regrettable decision by the United States not to stick to the missile and warhead limits of the expiring New START nuclear treaty. The 2010...
Epstein Helped Woody Allen’s Daughter Get Into College, Emails Show
Jeffrey Epstein helped Woody Allen and Soon-Yi Previn as one of their daughters was applying to colleges, connecting the family with the president of Bard College, a long time acquaintance of Epstein, emails released by the Justice Department show. The Bard president, Leon Botstein, agreed to help, and the couple’s...
Bessent: Fed Lost Trust of American People Over Inflation, Threatening Independence
U.S. Treasury Secretary Scott Bessent on Wednesday said that the independence of the Federal Reserve was based on Americans' trust of the central bank, which it lost because it allowed inflation to get out of control and "ravage" their incomes. Bessent, asked at a House of Representatives Financial Services Committee...
SW Kings County GSA: Register Your Wells or Face $1,000 Daily Fines, Shutoff
The Southwest Kings Groundwater Sustainability Agency held its first meeting in six months and covered a lot of ground — including setting a policy to fine landowners $1,000 a day for not registering their wells and vowing to sue a neighboring GSA. It also changed the location of its meetings...
US Supreme Court Allows Pro-Democratic California Voting Map
The U.S. Supreme Court allowed California on Wednesday to use a new electoral map designed to give Democrats five more congressional seats, improving the party's chances of regaining control of the U.S. House of Representatives from President Donald Trump's Republicans in the November midterm elections. The justices denied the California...
US Carries out Strikes in Syria Targeting Islamic States, Military Says
U.S. Central Command said on Wednesday that it carried out five strikes against multiple Islamic State targets in Syria, including a weapons storage facilities with 50 precision munitions. The strikes were carried out between Jan. 27 and Feb. 2, it said. — (Reporting by Jasper Ward in Washington; Editing by...
Oil Prices Climb 3% on Report US Officials Reject Iran’s Request to Change Location of Talks
Oil prices climbed about 3% on Wednesday on a report that the U.S. would not agree to change the location and format of talks with Iran planned for Friday. Brent futures rose $2.06, or 3.06%, to $69.39 a barrel at 1:09 p.m. EST (1809 GMT), while U.S. West Texas Intermediate...
Man Convicted of Attempting to Assassinate Trump Sentenced to Life
Ryan Routh, a man accused of hiding in the bushes of a Florida golf course with a semi-automatic rifle to try to assassinate Donald Trump less than two months before the 2024 U.S. election that returned him to the presidency, was sentenced by a judge on Wednesday to life in...