Wall Street notches record closing highs on cooler inflation data
June 14 By Stephen Culp The Nasdaq and the S&P 500 recorded their fourth consecutive record closing highs on Thursday and U.S. Treasury yields touched their lowest levels since early April as investors reconciled cooler-than-expected inflation data with tempered rate-cut expectations from the Federal Reserve….
Explosive cases flow to US Supreme Court from ‘bold’ regional court
June 13 By Andrew Chung When three conservative judges sitting on a New Orleans-based U.S. appeals court declared the funding mechanism approved by Congress for the federal consumer financial watchdog agency unconstitutional, they said the nation’s history of separating powers among the branches of government…
European Dairy, Pork Producers Wary of Chinese Retaliation for EV Tariffs
June 12 By Casey Hall, Lucy Craymer and Mei Mei Chu Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China following the European Union’s decision on Wednesday to impose anti-subsidy duties on Chinese-made EVs. China’s…
US Judge Strikes Down Florida Ban on Gender-Affirming Healthcare
June 11 By Jonathan Allen A federal judge ruled on Tuesday that parts of Florida’s ban of puberty blockers and hormone therapy for transgender children and restrictions on gender-affirming healthcare for adults are unconstitutional and ordered that it not be enforced. Republican Florida Governor Ron…
US to Close Costly Texas Immigration Detention Center and Reroute Funds
June 10 By Ted Hesson U.S. Immigration and Customs Enforcement (ICE) will close a costly Texas detention center and reallocate the funds to increase overall detention capacity as the agency ramps up operations to implement new U.S. border restrictions. In a memo to U.S. lawmakers…
Exclusive-G7 Plans to Warn Small Chinese Banks Over Russia Ties, Sources Say
June 9 By Trevor Hunnicutt U.S. officials expect the Group of Seven (G7) wealthy democracies to send a tough new warning next week to smaller Chinese banks to stop assisting Russia in evading Western sanctions, according to two people familiar with the matter. Leaders gathering…
Chrysler to Recall More Than 211,000 Vehicles in US Due to Software Malfunction, NHTSA Says
June 8 By Jahnavi Nidumolu Chrysler is recalling more than 211,000 vehicles in the United States due to a software malfunction that could disable the electronic stability control system, the National Highway Traffic Safety Administration (NHTSA) said on Saturday. Due to the malfunction, the Anti-Lock…
Tesla Objects to $5.6 Billion Payout for Lawyers Who Voided Musk’s Pay
June 7 By Tom Hals The legal team that voided Elon Musk’s record Tesla pay package deserves a tiny fraction of the $5.6 billion legal fee they requested because their lawsuit provided almost no benefit for the company, the electric automaker argued in court papers…
Migrants From Around the World Traverse California Desert to Reach US
June 6 By Adrees Latif and Mary Milliken Propped up against the rusty steel slats of the border wall, migrant families who hours before crossed the U.S.-Mexico border rest under tarps and tents and await Border Patrol officers. Some of the families along this remote…
Hunter Biden’s Ex-Girlfriend Describes His Drug Use at His Criminal Trial
June 5 By Jack Queen and Tom Hals Hunter Biden’s former girlfriend testified about his near-constant crack cocaine use at lavish hotels at the criminal trial where prosecutors are trying to prove that U.S. President Joe Biden’s son lied about his addiction to illegally buy…
In Northwest Alaska, an economic engine runs low on ore
June 3 By Nathaniel Herz Alaska’s most powerful elected officials reacted with outrage last month when the Biden administration announced it was rejecting a state agency’s plan to build a new road across remote Northwest Alaska, to access an array of mining deposits. Mining company…
Trump Warns of ‘Breaking Point’ for Americans if He’s Jailed
June 2 By Susan Heavey Donald Trump said on Sunday he would accept home confinement or jail time after his historic conviction on criminal charges by a New York jury last week but that it would be tough for the public to accept. Trump is…