Microsoft on Tuesday unveiled a community-focused initiative aimed at lowering water usage at its U.S. data centers and ensuring that the power-hungry facilities do not drive up electricity prices for the public. The company will pay utility rates high enough to cover its electricity costs and work with local utilities...
Inflation Steady as Fed Considers Rate Path
Inflation ended the year on a subdued note, as the 2025 tariff barrage worked its way through to sticker prices. Consumer prices were 2.7% higher than a year ago, data from the Bureau of Labor Statistics showed Tuesday, or 2.6% when stripping out volatile food and energy prices. That was...
Newsom Vows to Stop Proposed Billionaire Tax in California
SACRAMENTO, Calif. — Gov. Gavin Newsom vowed on Monday to stop a proposed wealth tax in California, saying that its mere introduction had already hurt the state by driving some billionaires to relocate and take their tax dollars with them. Newsom, a Democrat, said in an interview with The New...
Greenland PM Prefers Denmark Over the US Ahead of Vance Meeting
Greenland's prime minister said on Tuesday his nation would rather remain part of Denmark than become a territory of the United States, amid President Donald Trump's push to take control of the Arctic island. The Danish and Greenlandic foreign ministers will meet U.S. Vice President JD Vance and Secretary of...
US New Home Sales Fall Marginally in October
Sales of new U.S. single-family homes fell slightly in October after increasing for two straight months, though declining prices amid still-elevated inventory could support the new housing market this year. New home sales slipped 0.1% to a seasonally adjusted annualized rate of 737,000 units, the Commerce Department's Census Bureau said...
Facing Contempt Threat, Clintons Refuse to Testify in Epstein Inquiry
WASHINGTON — Bill and Hillary Clinton refused on Tuesday to testify in the House’s Jeffrey Epstein investigation, escalating a monthslong battle with Rep. James Comer, R-Ky., and effectively daring him to follow through on his threats to hold them in contempt of Congress. “Every person has to decide when they...
Trump Says Inflation Data Means Fed Should Cut Interest Rates
President Donald Trump welcomed inflation figures released on Tuesday, using the U.S. consumer price data to reiterate his push for Federal Reserve chair Jerome Powell to cut interest rates "meaningfully." U.S. data showed consumer prices increased in December as the distortions related to the government shutdown that had artificially lowered...
US Supreme Court Begins Arguments Over Transgender Sports Bans
The U.S. Supreme Court began hearing arguments on Tuesday over the legality of laws banning transgender athletes from participating on female sports teams amid escalating efforts by dozens of states and Republican President Donald Trump's administration to restrict the rights of transgender people. The justices are considering appeals by Idaho...
Trump Urges Iranians to Keep Protesting, Says ‘Help Is on Its Way’
President Donald Trump urged Iranians on Tuesday to keep protesting and said help was on the way, without giving details, as Iran's clerical establishment pressed its crackdown against the biggest demonstrations in years. "Iranian Patriots, KEEP PROTESTING - TAKE OVER YOUR INSTITUTIONS!!!... HELP IS ON ITS WAY," Trump said in...
Trump Says Nations Doing Business With Iran Face 25% Tariff on US Trade
President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on trade with the U.S., as Washington weighs a response to the situation in Iran which is seeing its biggest anti-government protests in years. "Effective immediately, any Country doing business with...