Federal Reserve Statement: Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year. The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the…… MORE
TOKYO (AP) — Tsunami warning sirens were blaring Tuesday in Honolulu and people were told to move to higher ground after a n 8.7-magnitude earthquake off Russia’s Far Eastern coast. Traffic was backed up in some neighborhoods in Honolulu, and officials were preparing to open a mountain pass as an evacuation route out of Waianae,…… MORE
A New York City police officer and an executive at an investment firm are among the four people killed by a gunman at a Manhattan office tower. Officer Didarul Islam was working a corporate security assignment at the midtown skyscraper Monday when he was killed. The building is home to the headquarters of the NFL…… MORE
DEIR AL-BALAH, Gaza Strip (AP) — Gaza’s Health Ministry says over 60,000 Palestinians have been killed in the 21-month Israel-Hamas war. Israeli strikes overnight killed more than two dozen people, mostly women and children, health officials said. Israel’s offensive, launched in response to Hamas’ Oct. 7 attack, has destroyed vast areas of Gaza, displaced around…… MORE
WASHINGTON (AP) — The Senate has confirmed former Trump lawyer Emil Bove for a lifetime appointment as a federal appeals court judge. The 50-49 vote comes despite Democratic attempts to stop the nomination and whistleblower complaints against Bove. The most recent whistleblower to share evidence with Congress has not come forward publicly but recently provided an…… MORE
LOS ANGELES (AP) — Sean “Diddy” Combs is asking a judge to release him on a $50 million bond while he awaits sentencing in October. Combs was acquitted of the most serious federal charges he faced, but convicted of lesser prostitution-related offenses. His lawyer, Marc Agnifilo, argued on Tuesday that conditions at the Metropolitan Detention…… MORE
NEW YORK (AP) — The number of millionaires in the United States is soaring. A report from Swiss bank UBS finds about 1 in 10 American adults now has a net worth of at least $1 million, with 1,000 new millionaires added every day last year. That milestone, once reserved for celebrities and CEOs, is…… MORE
WASHINGTON (AP) — President Donald Trump’s administration has proposed revoking a scientific finding that’s long been the central basis for U.S. action to regulate greenhouse gas emissions and fight climate change. The proposed Environmental Protection Agency rule rescinds a 2009 declaration that determined carbon dioxide and other greenhouse gases endanger public health. The “endangerment finding”…… MORE
WASHINGTON (AP) — A new analysis suggests President Donald Trump’s tariffs could increase factory costs by 2% to 4.5%. The analysis highlights potential challenges for domestic manufacturers relying on global supply chains just as the Republican president prepares to announce tariff hikes he says will boost the U.S. economy. While the U.S. stock market shows…… MORE
WASHINGTON (AP) — Two top Federal Reserve officials could dissent from the central bank’s likely decision Wednesday to hold its key interest rate steady, a sign of division reflecting the economy’s muddy outlook as well as the jockeying to replace Chair Jerome Powell when his term ends next year. The division could be a preview…… MORE
