President Donald Trump has hit out at NATO after a tense meeting with Mark Rutte, the secretary-general of the military alliance, at the White House on Wednesday. Rutte had traveled to Washington to try to assuage Trump’s anger that NATO members had refused to participate in the U.S.-Israeli war in...
US Wholesale Inventories Post Biggest Increase in 13 Months
U.S. wholesale inventories increased by the most in 13 months in February, boosted by sharp rises in the stocks of professional and electrical equipment, government data showed on Thursday. Stocks at wholesalers rebounded 0.8%, the largest increase since January 2025, after falling 0.3% in January, the Commerce Department's Census Bureau...
Dollar Struggles to Rebound as Fragile US-Iran Ceasefire Keeps Markets Wary
A fragile calm reigned across currency markets on Thursday as traders kept their eyes fixed on whether the ceasefire between the U.S. and Iran would hold, a day after its announcement sent the dollar tumbling across the board. The deal appeared to be on thin ice, as Israel bombed more...
Bahamas Police Arrest Michigan Man After Wife Vanishes at Sea
Bahamian authorities have arrested a Michigan man whose wife went missing at sea over the weekend, police in the Caribbean nation told Reuters on Wednesday after search and rescue efforts for the woman were called off. Brian Hooker's arrest came after the U.S. Coast Guard launched a criminal investigation into...
Cash-Strapped US Postal Service Suspends Contributions to Pension Plan
The U.S. Postal Service said Thursday it will temporarily suspend employer payments for a federal pension program to conserve cash amid a severe financial crisis. USPS told the White House Office of Personnel Management that effective Friday it will stop making $200 million payments every other week for its employer...
Wall Street Opens Muted Over Fragile Mideast Truce; Inflation Data Parsed
Wall Street's main indexes opened muted on Thursday after rallying in the previous session, as cracks emerged in the fragile Middle East ceasefire, while investors parsed through an in-line inflation reading. The Dow Jones Industrial Average fell 69.3 points, or 0.14%, at the open to 47,840.63. The S&P 500 fell...
NASA Prepares for Artemis II Splashdown After Historic Moon Flyby
As the four astronauts on NASA’s Artemis II mission were zooming closer to home Thursday after their record-breaking swing around the moon, extensive preparations were underway to ensure their safe return to Earth. The astronauts — Reid Wiseman, Victor Glover and Christina Koch of NASA and Jeremy Hansen of the...
White House Confident Warsh Will Lead Fed in May
White House economic adviser Kevin Hassett said on Thursday that he was confident Kevin Warsh would start as Federal Reserve chairman in May and that he did not expect current Fed chairman Jerome Powell to remain on the board. "I'm highly confident that that will happen," Hassett told Fox Business...
Israeli Strikes on Lebanon Jeopardies Iran Truce, Talks Planned but Strait Still Shut
Israel bombed more targets in Lebanon on Thursday, putting the U.S.-Iran ceasefire into further jeopardy after the biggest Israeli attacks on its neighbor of the war killed more than 250 people and threatened to torpedo Donald Trump's truce. In Pakistan, authorities locked down the capital Islamabad in anticipation of the...
Kern County Authorities Recover $1 Million in Stolen Lego Products
Kern County deputies arrested three men Wednesday after stopping two box trucks carrying stolen Lego products worth about $1 million, authorities said. The Kern County Sheriff’s Office said deputies responded to reports of suspicious vehicles on the 400 block of Silver Queen Road. When deputies arrived, the trucks fled the...