(Reuters) -U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending remains supported by solid wage growth for now. The largest decline in sales in four months reported by...
US Appeals Court to Hear Arguments on Troop Deployment in Los Angeles
(Reuters) -A federal appeals court will hear arguments on Tuesday on President Donald Trump's authority to deploy the National Guard and Marines to Los Angeles amid protests and civil unrest, days after a lower court ruled that the president unlawfully called the National Guard into service. The lower court's ruling...
Musk’s xAI in Talks for $4.3 Billion Equity Funding, Bloomberg News Reports
(Reuters) -Elon Musk's artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans, Bloomberg News reported on Tuesday, citing information shared with investors. Between its founding in 2023 and when the debt sale was launched this...
Israeli Tanks Kill 59 People in Gaza Crowd Trying to Get Food Aid, Medics Say
CAIRO/GAZA - Israeli tanks fired into a crowd trying to get aid from trucks in Gaza on Tuesday, killing at least 59 people, according to medics, in one of the bloodiest incidents yet in mounting violence as desperate residents struggle for food. Video shared on social media showed around a dozen mangled...
US Pulls out of Two More Bases in Syria, Worrying Kurdish Forces
AL SHADADI BASE, Syria - U.S. forces have pulled out of two more bases in northeastern Syria, visiting Reuters reporters found, accelerating a troop drawdown that the commander of U.S.-backed Syrian Kurdish forces said was allowing a resurgence of Islamic State. Reuters reporters who visited the two bases in the...
Immigration Raids in Los Angeles Hit Small Business Owners: ‘It’s Worse Than COVID’
LOS ANGELES - Juan Ibarra stands outside his fruit and vegetable outlet in Los Angeles' vast fresh produce market, the place in the city center where Hispanic restaurateurs, street vendors and taco truck operators buy supplies every day. On Monday morning, the usually bustling market was largely empty. Since Immigration...
Wall Street Slips as Middle East Conflict Escalates
Wall Street's main indexes slipped on Tuesday as the Israel-Iran conflict entered its fifth day, denting global investor confidence ahead of the Federal Reserve's upcoming monetary policy decision. Iran and Israel's air war, which began on Friday when Israel attacked Iran's nuclear facilities, has raised concerns that the conflict could...
Israeli Air Power Reigns Over Iran, but Needs US for Deeper Impact
JERUSALEM - Israel's command of Iranian air space leaves few obstacles in the way of its expanding bombardment, though it will struggle to deal a knock-out blow to deeply buried nuclear sites without the U.S. joining the attack, experts say. While Iran has responded with deadly missile strikes on Israeli...
Trump Says He Will Probably Extend TikTok Deadline Again
WASHINGTON - President Donald Trump said on Tuesday he would likely extend a deadline for China-based ByteDance to divest the U.S. assets of short video app TikTok. The president said in May he would extend the June 19 deadline after the app helped him with young voters in the 2024...
Immigration Raids Add to Absence Crisis for Valley Schools
As President Donald Trump promised mass deportations, educators sounded alarms that the actions could scare families away from school, affecting both immigrant and nonimmigrant students. Now, new research provides evidence that immigration raids did appear to lower school attendance. A Stanford University study found that parents kept their children out...