FACT FOCUS: A look at US and Iranian claims of control over the Strait of Hormuz
Read full article: FACT FOCUS: A look at US and Iranian claims of control over the Strait of HormuzA focal point of the Iran war is increasingly about who controls the Strait of Hormuz — a waterway that for decades was a relatively safe transit route for Middle East oil and natural gas supplies.
Hundreds of economists say 'we must act now' on AI’s economic impact and job displacement risks
Read full article: Hundreds of economists say 'we must act now' on AI’s economic impact and job displacement risksHundreds of economists urge immediate action to address AI's potential impact on the economy.
Judge says Trump IRS lawsuit was filed for 'improper purpose,' refers lawyer for possible discipline
Read full article: Judge says Trump IRS lawsuit was filed for 'improper purpose,' refers lawyer for possible disciplineA federal judge says President Donald Trump’s lawsuit against the IRS over his leaked tax returns was filed for an “improper purpose” as she referred one of his attorneys for possible disciplinary action.
Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
Read full article: Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricityAmerican consumers — and the Federal Reserve — are being hit with another high-cost headache.
Oil prices jump following the latest fighting in the Middle East, while AI stocks sink
Read full article: Oil prices jump following the latest fighting in the Middle East, while AI stocks sinkOil prices jumped following a weekend of attacks in the Middle East, while slumping AI stocks weighed on stock markets.
Keystone Pipeline system's operator agrees to pay a $26.9M penalty over a major Kansas oil spill
Read full article: Keystone Pipeline system's operator agrees to pay a $26.9M penalty over a major Kansas oil spillA proposed legal settlement with the U.S. government would require the Keystone Pipeline system’s operator to pay a civil penalty of nearly $27 million over a major oil spill in Kansas in December 2022.
Disney's live-action 'Moana' crashes to shore with an underwhelming splash at the box office
Read full article: Disney's live-action 'Moana' crashes to shore with an underwhelming splash at the box officeDisney's live-action “Moana” may be the top movie at the box office, but it didn't make a big splash in its first weekend.
Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
Read full article: Volkswagen CEO looks to avoid plant closures as automaker moves to cut costsVolkswagen’s CEO has indicated that he’s trying to avoid closing plants as he seeks to turn around the automaker’s performance.
Focus turns to building stronger institutions in Africa to speed shift to renewable energy
Read full article: Focus turns to building stronger institutions in Africa to speed shift to renewable energyAfrica’s renewable energy transition is entering a new phase as the continent shifts from proving that clean energy works to building the institutions needed to deploy it at scale.
Amid criticism, Meta reins in new AI tool that automatically accessed public Instagram images
Read full article: Amid criticism, Meta reins in new AI tool that automatically accessed public Instagram imagesMeta has pulled the plug on a feature of a recently launched AI tool following criticism that it made Instagram accounts fodder for use in creating AI-generated images.
As gas plants rise to power AI, renewable energy allies are fighting for cleaner alternatives
Read full article: As gas plants rise to power AI, renewable energy allies are fighting for cleaner alternativesRenewable energy allies are trying to ensure that massive data centers will be powered by climate-friendly sources.
Meta appeals landmark jury verdict that found it to blame for social media addiction for young users
Read full article: Meta appeals landmark jury verdict that found it to blame for social media addiction for young usersMeta, the parent company of Instagram and Facebook, is appealing the verdict of a landmark social media addiction lawsuit in Los Angeles.
America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high
Read full article: America In Focus: Fed officials divided on US inflation views; US home prices hit all-time highThe Federal Reserve’s rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday.
Fellow passengers pull back man partly sucked out of broken window on a flight from Greece
Read full article: Fellow passengers pull back man partly sucked out of broken window on a flight from GreeceA passenger on board a flight from Greece to Germany was partially sucked out of a window when it broke soon after takeoff.
SK Hynix rises nearly 13% in debut on Wall Street as demand for memory chips soars amid AI frenzy
Read full article: SK Hynix rises nearly 13% in debut on Wall Street as demand for memory chips soars amid AI frenzyShares of South Korean memory chipmaker SK Hynix rose nearly 13% as they made their debut on Wall Street, at a time when demand for chips is surging thanks to the frenzy around artificial intelligence.
US demands Iran publicly state that Strait of Hormuz is open and Tehran won't attack ships anymore
Read full article: US demands Iran publicly state that Strait of Hormuz is open and Tehran won't attack ships anymoreThe U.S. is demanding that Iran make a public statement saying the Strait of Hormuz is open and that ships crossing the vital corridor won’t be attacked anymore.
EU demands Facebook and Instagram dismantle design features it calls addictive for users
Read full article: EU demands Facebook and Instagram dismantle design features it calls addictive for usersThe European Union is accusing Meta of breaching social media laws by designing Facebook and Instagram to be addictive.
New York construction scare highlights the challenges of converting offices into housing
Read full article: New York construction scare highlights the challenges of converting offices into housingThe buckling of two steel columns at the former Pfizer headquarters in Manhattan has raised questions about one of the nation’s largest office-to-apartment conversions.
Dollars & Sense: Decoding expiration food date labels
Read full article: Dollars & Sense: Decoding expiration food date labelsHere’s the first thing to understand: most food date labels are about quality, not safety. Manufacturers use many of these dates to tell you when a product is expected to have its best flavor, texture or freshness. Consumers, however, often assume the date means the food has become dangerous. Manufacturers care about quality. Consumers care about safety. Those are two very different things. And can the average shopper really tell the difference?
A shoe factory fire that killed 28 highlights China's persisting worker safety risks
Read full article: A shoe factory fire that killed 28 highlights China's persisting worker safety risksAuthorities are investigating a blaze at a shoe factory in southeastern China's Fujian province that killed 28 people, raising renewed concern over worker safety.
Andreessen, Chetty among leaders of Fed's new task forces evaluating operations
Read full article: Andreessen, Chetty among leaders of Fed's new task forces evaluating operationsVenture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to the central bank’s operations.
LA uses World Cup to show off upgraded public transit and test plans to hold car-free Olympics
Read full article: LA uses World Cup to show off upgraded public transit and test plans to hold car-free OlympicsLos Angeles officials have urged fans to chose public transit over driving during the 2026 FIFA World Cup.
Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs
Read full article: Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costsThe average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers.
News outlets urge a judge to sanction OpenAI in a high-stakes AI copyright fight
Read full article: News outlets urge a judge to sanction OpenAI in a high-stakes AI copyright fightThe New York Times, the Daily News and other media outlets are asking a federal judge to impose sanctions on OpenAI, escalating a legal fight over artificial intelligence and copyright that could shape the future of a struggling news industry.
US home prices hit an all-time high as sales slow and mortgage rates rise
Read full article: US home prices hit an all-time high as sales slow and mortgage rates riseSales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges.
US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels
Read full article: US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levelsThe number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low.
PepsiCo says economic concerns weighed on customers in North American during recent quarter
Read full article: PepsiCo says economic concerns weighed on customers in North American during recent quarterPepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns.
Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze
Read full article: Ukrainian drones batter Russian oil facilities and set more oil tankers ablazeUkrainian drones hit more Russian oil facilities and set two oil tankers ablaze in the Sea of Azov, a day after U.S. President Donald Trump pledged to grant Ukraine a license to manufacture the Patriot air defense systems.
Stocks recover losses, and oil prices ease as calm returns to financial markets worldwide
Read full article: Stocks recover losses, and oil prices ease as calm returns to financial markets worldwideStocks rose, and oil prices eased as financial markets calmed a day after President Donald Trump raised doubts about the temporary truce in the war with Iran.
Meta plans billions for first AI data center in Canada, largest outside the US
Read full article: Meta plans billions for first AI data center in Canada, largest outside the USFacebook and Instagram parent Meta said Wednesday it will invest more than 13 billion Canadian dollars ($9.1 billion) to build its first artificial intelligence data center in Canada and its largest outside the United States.
Roads, sidewalks, utilities in place as DeBary’s new Main Street prepares to rise
Read full article: Roads, sidewalks, utilities in place as DeBary’s new Main Street prepares to riseAfter two and a half years of laying underground infrastructure, the city says developers are now ready to start building the homes and businesses that will form DeBary’s first walkable downtown district — right next to the SunRail station off U.S. 17-92.
Fed minutes: Officials deeply divided over future path of US inflation
Read full article: Fed minutes: Officials deeply divided over future path of US inflationA Federal Reserve rate-setting committee agreed to keep its key rate unchanged at its meeting last month, though most officials were split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday.
Obamacare premiums surged this year. A new analysis shows it's likely to happen again in 2027
Read full article: Obamacare premiums surged this year. A new analysis shows it's likely to happen again in 2027A new analysis of early rate filings shows that Affordable Care Act insurers are proposing another year of double-digit premium increases.
The best used sedans for under $15,000, according to Edmunds
Read full article: The best used sedans for under $15,000, according to EdmundsWhile prices remain higher than they were a few years ago, used-car shoppers with a budget of $15,000 can still find sedans that offer a compelling combination of comfort, efficiency, and modern technology.
Polymarket is in a high-stakes race to win back trust as it recommits to the US market
Read full article: Polymarket is in a high-stakes race to win back trust as it recommits to the US marketAfter four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public.
Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'
Read full article: Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'Oil prices rose, and stock markets dropped in shaky trading worldwide after President Donald Trump raised doubts about the temporary truce in the war with Iran.
US launches new airstrikes on Iran, with Tehran firing back at 3 Gulf Arab states
Read full article: US launches new airstrikes on Iran, with Tehran firing back at 3 Gulf Arab statesThe United States launched new airstrikes against Iran early Thursday, and Tehran responded by hitting Bahrain, Kuwait and Qatar in crossfire that again threatened an interim deal intended to help end the war.
‘We don’t know how long we can survive’: Church Street business owner hopes new project flourishes
Read full article: ‘We don’t know how long we can survive’: Church Street business owner hopes new project flourishes"Since COVID-19, the foot traffic is very, very slow," business owner Yehya Rizeq said of Church Street in downtown Orlando. "It’s not recovered yet." A new project breaking ground hopes to change that, but Rizeq worries they can't survive much longer.
IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AI
Read full article: IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AIThe International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war.
Louis Vuitton court victory against Chinese tea chain stirs up a debate over copyrights
Read full article: Louis Vuitton court victory against Chinese tea chain stirs up a debate over copyrightsA debate over use of traditional Chinese symbols has cropped up after a court ordered a Chinese tea chain to pay the French luxury brand Louis Vuitton $1.5 million over copyright infringement claims.
Dollars & Sense: Think your passport is good enough for international travel? Think again
Read full article: Dollars & Sense: Think your passport is good enough for international travel? Think againInternational travel is evolving. For years, the rule of thumb for many American travelers was simple: if you had a valid U.S. passport, you could travel just about anywhere. However, the rules for international travel are becoming more complicated. Here's what you need to know.
South Korean law targeting 'fake news' takes effect as journalist groups raise concerns
Read full article: South Korean law targeting 'fake news' takes effect as journalist groups raise concernsSouth Korea is enforcing a law that allows steep punitive damages against news outlets and social media influencers for spreading false information as journalist groups warned it could chill public discourse and invite censorship.
US launches new strikes on Iran, revokes oil sales permit after 3 ships attacked in Strait of Hormuz
Read full article: US launches new strikes on Iran, revokes oil sales permit after 3 ships attacked in Strait of HormuzThe U.S. military has attacked Iran after it said Tehran struck three ships in the Strait of Hormuz.
Ex-civil rights agency commissioner fired by Trump drops lawsuit in wake of Supreme Court ruling
Read full article: Ex-civil rights agency commissioner fired by Trump drops lawsuit in wake of Supreme Court rulingA former Democratic commissioner of one of the country’s top civil rights agencies has dropped a lawsuit challenging her dismissal by President Donald Trump.
Trump says Walmart cut prices at his request, but Walmart statement omits administration's role
Read full article: Trump says Walmart cut prices at his request, but Walmart statement omits administration's rolePresident Donald Trump is claiming credit for Walmart's recent price cuts, though the retailer's statement doesn't mention his administration's involvement.
US prosecutors credit gold trader in Iran sanctions case with key help ahead of sentencing
Read full article: US prosecutors credit gold trader in Iran sanctions case with key help ahead of sentencingU.S. prosecutors are setting the stage for seeking leniency at next week's sentencing for a Turkish-Iranian businessman who provided key testimony at a corruption trial nearly a decade ago related to sanctions against Iran.
Is AI ready to take over your prescriptions? Doctors are wary of Utah's automated refill program
Read full article: Is AI ready to take over your prescriptions? Doctors are wary of Utah's automated refill programAn AI program in the state of Utah has sparked a vigorous debate about the role of the technology in health care.
Trump rings Wall Street's opening bells as he ties his presidency to stock market gains
Read full article: Trump rings Wall Street's opening bells as he ties his presidency to stock market gainsPresident Donald Trump has rung the opening bells for the New York Stock Exchange and the Nasdaq from the Oval Office.
Nonprofits and brands are navigating the partisan air of the 250th in search of a unifying tone
Read full article: Nonprofits and brands are navigating the partisan air of the 250th in search of a unifying toneNonprofits and companies want to unite Americans behind community service drives and patriotic brand activations in the nation's 250th year.
Delta pilot reports a close encounter with a July Fourth firework before landing in Chicago
Read full article: Delta pilot reports a close encounter with a July Fourth firework before landing in ChicagoA Delta Air Lines flight and a high-flying firework reportedly came into contact in the sky above Chicago as the city celebrated the Fourth of July holiday.
Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia
Read full article: Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on RussiaUkrainian drones have struck an oil terminal in St. Petersburg as Kyiv ramps up bombardment of Russia’s oil infrastructure.
Small businesses say they're having a good summer as Americans travel closer to home
Read full article: Small businesses say they're having a good summer as Americans travel closer to homeSmall business owners in U.S. tourist destinations say they’re seeing more Americans sticking closer to home this summer.
Belgian diamond group that won tariff relief gifted Trump a lavishly encrusted ring
Read full article: Belgian diamond group that won tariff relief gifted Trump a lavishly encrusted ringA lavish gold ring encrusted with diamonds, sapphires, emeralds and rubies has been presented to the U.S. ambassador to Belgium to give to President Donald Trump.
Filling up for the Fourth? Rideshare drivers in Central Florida say high gas prices are changing the job
Read full article: Filling up for the Fourth? Rideshare drivers in Central Florida say high gas prices are changing the jobRideshare drivers will be in demand this July 4 weekend as travelers head to parties, events and destinations, but for rideshare drivers themselves, gas prices will soak up that extra income, and those we talked to say they may be choosier about the trips they take.
A California farmer is giving away tons of nectarines that he's not allowed to sell
Read full article: A California farmer is giving away tons of nectarines that he's not allowed to sellA California farmer has been giving away free nectarines this week amid a legal dispute with a food market and distributing company claiming exclusive rights over the variety of white nectarine he grows.
Democrats accuse Trump-linked fundraisers of fraud over diverted donations for America's anniversary
Read full article: Democrats accuse Trump-linked fundraisers of fraud over diverted donations for America's anniversaryHouse Democrats allege consultants tied to President Donald Trump may have engaged in financial fraud related to the nation's 250th anniversary celebrations.
StubHub sued by fans who say ticket cancellations crushed dreams of going to World Cup
Read full article: StubHub sued by fans who say ticket cancellations crushed dreams of going to World CupAfter weeks of complaints from frustrated fans, StubHub is being sued by customers who say the ticket reseller’s inability to fulfill orders crushed their dreams of going to World Cup.
Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
Read full article: Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeksThe average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers.
Heat adds to strains on areas with data centers, raising the temperature on AI debates
Read full article: Heat adds to strains on areas with data centers, raising the temperature on AI debatesExtreme heat like the weather sweeping the eastern U.S. drives up energy demands for data centers, adding to their strain on power grids and worsening air quality for surrounding areas.
What polling shows about Americans’ interest in the World Cup and USMNT
Read full article: What polling shows about Americans’ interest in the World Cup and USMNTNew polling from Ipsos Sports, provided exclusively to The Associated Press, shows that the World Cup has excited soccer fans and piqued many Americans’ interest, even as the sport continues to face an uphill climb to reach mainstream popularity in the United States.
Tesla sales jumped last quarter in a possible sign the worst of the Musk backlash is behind it
Read full article: Tesla sales jumped last quarter in a possible sign the worst of the Musk backlash is behind itTesla car sales jumped over the past three months in a possible sign the worst of the boycotts against the automaker and lost market share to rivals are behind it.
Trump administration proposes a rule it says could save Medicare patients $1.1 billion on drugs
Read full article: Trump administration proposes a rule it says could save Medicare patients $1.1 billion on drugsThe Trump administration is proposing a new rule to keep hospitals from marking up discounted drugs for Medicare patients.
U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels
Read full article: U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levelsU.S. applications for jobless aid inched down last week as layoffs remain at historically healthy levels.
A grim job outlook meets a scrappy workforce as administrative assistants harness AI
Read full article: A grim job outlook meets a scrappy workforce as administrative assistants harness AIEmployment data offers a grim outlook for secretaries and administrative assistants in the age of artificial intelligence, but workers in the women-dominated occupation say the numbers don’t tell the whole story.
Iran warns oil tankers to use approved routes in Strait of Hormuz or face a 'forceful response'
Read full article: Iran warns oil tankers to use approved routes in Strait of Hormuz or face a 'forceful response'Iran’s joint military command has warned that all oil tankers moving through the Strait of Hormuz must use its approved routes or face a “forceful response.”.