Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name
Read full article: Saks officially emerges from Chapter 11 bankruptcy with less debt and a new nameSaks Global, the parent company of Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy Friday with fewer stores, less debt, a more focused strategy to pamper the affluent — and a new name.
Appeals court rejects Trump EPA bid to abandon rule restricting deadly soot pollution
Read full article: Appeals court rejects Trump EPA bid to abandon rule restricting deadly soot pollutionA federal appeals court has rejected the Environmental Protection Agency’s attempt to abandon a Biden-era rule that sets tough standards for deadly soot pollution.
OpenAI and Anthropic limit new AI models to Trump-approved customers during cybersecurity review
Read full article: OpenAI and Anthropic limit new AI models to Trump-approved customers during cybersecurity reviewOpenAI has restricted the release of its new AI model at the request of President Donald Trump's administration.
Trump threatens 100% tax on European imports if countries impose tax on digital services
Read full article: Trump threatens 100% tax on European imports if countries impose tax on digital servicesPresident Donald Trump is threatening a 100% tariff on imports from any country that imposes a tax on digital services provided by United States companies.
Newsom urges a national 'billionaires' tax' while fighting one in California
Read full article: Newsom urges a national 'billionaires' tax' while fighting one in CaliforniaCalifornia Gov. Gavin Newsom is calling for a national “billionaires' tax” and suggests the U.S. government should own a stake in AI companies.
Lawmakers subpoena billionaire Leon Black after contentious interview on Epstein payments
Read full article: Lawmakers subpoena billionaire Leon Black after contentious interview on Epstein paymentsThe House Oversight Committee has served subpoenas to a billionaire investor who made payments to Jeffrey Epstein.
Most of Wall Street rises, but sinking AI stocks send it lower for the week
Read full article: Most of Wall Street rises, but sinking AI stocks send it lower for the weekMost of the U.S. stock market rose after oil prices eased back to where they were before the war with Iran, but drops for AI stocks kept the market in check.
National pride meets breathable mesh: A look at the design of World Cup uniforms
Read full article: National pride meets breathable mesh: A look at the design of World Cup uniformsIn designing the uniforms for this year's World Cup, Nike and other apparel makers sought to channel national pride and maximize comfort.
MLB proposes limiting most free agent contracts to 5 years and 15% of a team's salary cap
Read full article: MLB proposes limiting most free agent contracts to 5 years and 15% of a team's salary capMajor League Baseball proposed limiting most free agent contracts to five years and 15% of a team’s salary cap and to eliminate deferred compensation, fleshing out details of a salary cap plan likely to spark a confrontation with the players’ association that could lead to the first loss of regular-season games since 1995.
JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up two more successors for Dimon
Read full article: JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up two more successors for DimonJPMorgan Chase promotes Doug Petno and Troy Rohrbaugh to copresidents, positioning them as potential successors to the bank's longtime CEO Jamie Dimon.
JPMorgan Chase plans to expand Community Center program, doubling branches in low-income areas
Read full article: JPMorgan Chase plans to expand Community Center program, doubling branches in low-income areasJPMorgan Chase plans to double its "Community Center" branches that focus on low-income neighborhoods.
Supreme Court strikes down Hawaii law requiring permission to carry guns in stores and hotels
Read full article: Supreme Court strikes down Hawaii law requiring permission to carry guns in stores and hotelsThe Supreme Court has struck down a Hawaii law requiring people to get permission to carry guns into places such as stores and hotels.
Supreme Court ruling blocks thousands of lawsuits against the maker of Roundup weedkiller
Read full article: Supreme Court ruling blocks thousands of lawsuits against the maker of Roundup weedkillerThe Supreme Court has sided with the maker of Roundup weedkiller, blocking thousands of lawsuits alleging it failed to warn users the product could cause cancer.
Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
Read full article: Key inflation gauge jumps to 3-year high in latest sign of affordability challengesThe Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as midterm elections near.
US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate
Read full article: US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimateThe U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth.
US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds
Read full article: US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwindsFewer Americans applied for jobless aid last week as layoffs remain low despite economic headwinds that are creating uncertainty for businesses.
Paris court gives French oil company TotalEnergies 6 months to tighten its climate policies
Read full article: Paris court gives French oil company TotalEnergies 6 months to tighten its climate policiesA Paris court has ruled that energy company TotalEnergies must account for its consumers’ greenhouse gas emissions.
UN agency pauses evacuation of ships through the Strait of Hormuz after attack on vessel
Read full article: UN agency pauses evacuation of ships through the Strait of Hormuz after attack on vesselA United Nations agency paused the evacuation of ships through the Strait of Hormuz after the British military said a vessel was hit by a projectile off the coast of Oman.
Wall Street drifts to a mixed finish after Micron soars and Apple drops
Read full article: Wall Street drifts to a mixed finish after Micron soars and Apple dropsThe U.S. stock market drifted to a mixed finish after several AI stocks veered back up the roller coaster, while Apple shares dropped after hiking prices on many of its products.
Americans are inundated with suspected scams. New polling shows why few victims report them
Read full article: Americans are inundated with suspected scams. New polling shows why few victims report themA new AP-NORC poll shows that most Americans are inundated with scam attempts on a daily basis — and about 3 in 10 have personally lost money or personal information to scams.
Lawmakers demand answers as turmoil over Reflecting Pool repair continues
Read full article: Lawmakers demand answers as turmoil over Reflecting Pool repair continuesCongressional Democrats are calling for investigations into renovations at the Lincoln Memorial Reflecting Pool, as the ongoing drama over the president’s problem-plagued, $16 million rehabilitation project continues to roil the capital.
Trump refuses to sign bipartisan housing bill into law. What does that mean for homebuyers, renters?
Read full article: Trump refuses to sign bipartisan housing bill into law. What does that mean for homebuyers, renters?A sprawling legislative package aimed at lowering the cost of housing and spurring more home construction won broad bipartisan approval from Congress this week, but it’s hit a major roadblock in becoming law.
Colombia's vote may reshape the Amazon's future as political winds shift across Latin America
Read full article: Colombia's vote may reshape the Amazon's future as political winds shift across Latin AmericaAbelardo de la Espriella, set to be Colombia’s president, has intensified debate over the future of the Amazon.
IRS did better than expected in tax season after slashing staff, except on the phone, watchdog says
Read full article: IRS did better than expected in tax season after slashing staff, except on the phone, watchdog saysThe national taxpayer advocate says the IRS did better than expected in issuing refunds during the 2026 tax season despite massive cuts to its workforce.
US says chemical maker Chemours to pay $450M to settle 'forever chemicals' case
Read full article: US says chemical maker Chemours to pay $450M to settle 'forever chemicals' caseThe Trump administration has reached a multi-state settlement with chemical giant Chemours Co. over years-long, illegal discharges of synthetic “forever chemicals” used to make products resistant to water, grease and stains.
Ukraine’s latest long-range strikes on Russia hit a major natural gas plant and satellite centers
Read full article: Ukraine’s latest long-range strikes on Russia hit a major natural gas plant and satellite centersUkrainian forces have struck a major natural gas processing plant and two key satellite communications centers in Russia.
Premier says China’s tech advancements an 'opportunity' for the world, not a threat
Read full article: Premier says China’s tech advancements an 'opportunity' for the world, not a threatChina’s premier defends the country's technological advancements as an opportunity to the world, not a threat.
Archaeologists find huge Viking textile production site in Denmark
Read full article: Archaeologists find huge Viking textile production site in DenmarkArchaeologists say they have discovered a huge Viking Age textile production site in Denmark that dates back more than 1,000 years and underlines the sophistication of Viking society.
Trains halted across Germany because of communication system problem
Read full article: Trains halted across Germany because of communication system problemA problem with a communications system forced Germany’s railway system to halt all trains, leaving passengers stranded across the country.
Trump administration touts Iran deal as a payday for US farmers, but Iran denies it
Read full article: Trump administration touts Iran deal as a payday for US farmers, but Iran denies itU.S. President Donald Trump and Vice President JD Vance say their interim deal to end the war with Iran will deliver a financial windfall to American farmers.
Trump administration announces $17.5 billion in loans for 10 new large nuclear reactors
Read full article: Trump administration announces $17.5 billion in loans for 10 new large nuclear reactorsThe Trump administration is providing $17.5 billion to speed the development of 10 new large nuclear reactors to meet the skyrocketing power demand from massive data centers.
Justice Department withdraws subpoenas that sought reporters' grand jury testimony, sources say
Read full article: Justice Department withdraws subpoenas that sought reporters' grand jury testimony, sources sayThe Justice Department has withdrawn subpoenas that sought to compel reporters at The Washington Post and The Wall Street Journal to testify before a grand jury.
Donors gave U.S. charities $617 billion in 2025, according to the new Giving USA report
Read full article: Donors gave U.S. charities $617 billion in 2025, according to the new Giving USA reportPhilanthropic donations in the U.S. rose to $617 billion in 2025, marking a 3% increase from the previous year.
Supreme Court OKs Exxon Mobil lawsuit over Cuban property seized by Fidel Castro's government
Read full article: Supreme Court OKs Exxon Mobil lawsuit over Cuban property seized by Fidel Castro's governmentThe Supreme Court has ruled that Exxon Mobil can sue Cuban state-owned companies in American courts over property on the island nation that was seized after Fidel Castro took power.
Andy Burnham prepares for a UK Labour leadership contest that may be a coronation
Read full article: Andy Burnham prepares for a UK Labour leadership contest that may be a coronationAndy Burnham is preparing for a Labour Party leadership contest that could make him Britain's prime minister within weeks.
Trump heads to battleground Pennsylvania but keep focuses on himself ahead of midterm elections
Read full article: Trump heads to battleground Pennsylvania but keep focuses on himself ahead of midterm electionsPresident Donald Trump visited a Mack Trucks facility in Pennsylvania, for a speech meant to focusing on the economy.
The Strait of Hormuz's future is unsettled even as more ships venture through
Read full article: The Strait of Hormuz's future is unsettled even as more ships venture throughShip traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that's constricted global oil supplies.
Top auto regulator opens special probe after a Tesla slams into a Texas home, killing a 76-year-old
Read full article: Top auto regulator opens special probe after a Tesla slams into a Texas home, killing a 76-year-oldThe top U.S. auto regulator has opened an investigation after a Tesla using an automated driving feature slammed into a Texas home at high speed and killed a 76-year-old woman standing inside.
Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates
Read full article: Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher ratesThe Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy.
No maps, no insurance: Michigan floods expose lack of information, preparation in many rural areas
Read full article: No maps, no insurance: Michigan floods expose lack of information, preparation in many rural areasMany homeowners hit by devastating Michigan floods had no insurance and no idea they were at risk — underscoring vulnerabilities throughout rural America as climate change causes more extreme weather.
Starmer says he'll resign as UK prime minister, roiling British politics yet again
Read full article: Starmer says he'll resign as UK prime minister, roiling British politics yet againBritish Prime Minister Keir Starmer has announced his resignation, forced out by his party after losing voter support.
In Taylor Swift’s beach town, every clue becomes a wedding rumor
Read full article: In Taylor Swift’s beach town, every clue becomes a wedding rumorRumors that Taylor Swift was planning to marry at her Rhode Island home this weekend have drawn fans, photographers and curious visitors to the seaside village of Watch Hill after a large tent appeared near her estate.
France restricts public alcohol consumption and outdoor sports as heat wave bakes parts of Europe
Read full article: France restricts public alcohol consumption and outdoor sports as heat wave bakes parts of EuropeFrance is in the grips of a severe heat wave, leading to canceled trains, concerts and sports events.
A founder of Assassin's Creed maker Ubisoft killed in a plane crash in western France
Read full article: A founder of Assassin's Creed maker Ubisoft killed in a plane crash in western FranceA founder of Ubisoft, the global gaming company behind Assassin’s Creed, has been killed in a plane crash in western France.
A top banker made a case for mining to Pope Leo XIV, who has seen its impact up close
Read full article: A top banker made a case for mining to Pope Leo XIV, who has seen its impact up closeThe head of Latin America’s top development bank has made a case to Pope Leo XIV about the potential of rare earth mining.
US and Iran to talk Sunday in Switzerland as Tehran says it closed Strait of Hormuz again
Read full article: US and Iran to talk Sunday in Switzerland as Tehran says it closed Strait of Hormuz againU.S. and Iranian negotiators are on their way to a venue in Switzerland to discuss details of their interim agreement to halt the war.
Black bank card program to steer cash payments to single mothers in government housing
Read full article: Black bank card program to steer cash payments to single mothers in government housingOne of the few Black-owned banks in the U.S. is introducing a debit card aimed at helping single mothers who live in government subsidized housing escape poverty.
Israel and Hezbollah agree to halt fighting, officials say, as US-Iran talks hang in the balance
Read full article: Israel and Hezbollah agree to halt fighting, officials say, as US-Iran talks hang in the balanceIsrael and the Iran-backed Hezbollah militant group agreed to halt the heavy fighting in southern Lebanon that had threatened to unravel an interim peace agreement between the United States and Iran.
World Cup ticket buyers are left stranded as resale purchases fall through
Read full article: World Cup ticket buyers are left stranded as resale purchases fall throughThe World Cup has been delivering thrills on the pitch, but fans have flooded social media with complaints about tickets that never arrived, orders canceled at the last minute and hours spent trying to sort out problems between FIFA’s ticketing system and outside resale platforms.
Court orders Ohio restrictions on kids’ use of social media restored
Read full article: Court orders Ohio restrictions on kids’ use of social media restoredA federal judge has extended his block on enforcement of an Ohio law that would require children under 16 to get parental consent to use social media apps while a legal challenge proceeds.
New York mayor, other leaders push to ban horse-drawn carriage rides after Indian teen's death
Read full article: New York mayor, other leaders push to ban horse-drawn carriage rides after Indian teen's deathThe death of an Indian teenager in New York's Central Park has intensified calls to ban horse-drawn carriages.
Average 30-year U.S. mortgage rate falls to 6.47%, tracking lower bond yields as Iran war winds down
Read full article: Average 30-year U.S. mortgage rate falls to 6.47%, tracking lower bond yields as Iran war winds downThe average long-term U.S. mortgage rate fell this week, tracking Treasury yields that have retreated since a deal to end the war with Iran was announced.
Stranded ships have begun transiting the Strait of Hormuz, maritime data company says
Read full article: Stranded ships have begun transiting the Strait of Hormuz, maritime data company saysMaritime data company Lloyd’s List Intelligence says major shipowners have begun moving vessels through the Strait of Hormuz.
Inside the colorful, compelling and controversial jersey designs at the World Cup
Read full article: Inside the colorful, compelling and controversial jersey designs at the World CupThe kits at the World Cup are mishmash of verve and color featuring elements of the competing nations' culture and history.
Vance delays trip to Switzerland to lead new US talks with Iran on its nuclear program
Read full article: Vance delays trip to Switzerland to lead new US talks with Iran on its nuclear programThe White House says Vice President JD Vance is delaying his trip to Switzerland to lead nuclear negotiations with Iran.
Federal regulators order grid operators to speed power to energy-hungry AI data centers
Read full article: Federal regulators order grid operators to speed power to energy-hungry AI data centersFederal regulators have ordered regional grid operators to help large energy users connect more quickly to the nation’s inefficient and aging electric transmission system.
Supreme Court sides with a Texas man who says it’s not a crime for marijuana users to have guns
Read full article: Supreme Court sides with a Texas man who says it’s not a crime for marijuana users to have gunsThe Supreme Court has ruled against a broad federal ban on gun ownership by marijuana users.
U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low
Read full article: U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically lowThe number of Americans applying for jobless aid fell modestly last week as layoffs remained in the same historically low range of recent years.
US gas prices dip below $4 for 1st time since March but remain 25% higher than last year
Read full article: US gas prices dip below $4 for 1st time since March but remain 25% higher than last yearU.S. gas prices have fallen to just below $4 a gallon on average, bringing some relief to drivers who have seen soaring costs amid Washington’s war with Iran.
Bank of England holds main interest rate at 3.75% as inflation pressures eases
Read full article: Bank of England holds main interest rate at 3.75% as inflation pressures easesThe Bank of England is holding its main interest rate at 3.7% as the inflation pressures on the British economy have become more benign after the U.S. and Iran signed a deal to sign deal to end their war.
Ukrainian drones set a Moscow refinery ablaze in a major attack on the Russian capital
Read full article: Ukrainian drones set a Moscow refinery ablaze in a major attack on the Russian capitalUkraine has hit a major Moscow oil refinery for the second time in a week, disrupting hundreds of flights at the capital's airports.
A city's push for facial recognition on public buses ignites debate over security and privacy
Read full article: A city's push for facial recognition on public buses ignites debate over security and privacyKansas City, Missouri, plans to boost security by installing facial recognition cameras on buses.
Stocks rise on Wall Street, erasing much of their loss from a day earlier
Read full article: Stocks rise on Wall Street, erasing much of their loss from a day earlierStocks closed higher on Wall Street, taking back most of their losses from a day earlier that were driven by anticipation that the Federal Reserve will likely raise interest rates this year in an effort to fight inflation.
China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
Read full article: China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summitFor eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America.
Retail sales up a strong 0.9% in May, underscoring the resilience of the US consumer
Read full article: Retail sales up a strong 0.9% in May, underscoring the resilience of the US consumerShoppers stepped up their spending in May, surpassing economists’ expectations, as temperatures warmed and gasoline prices leveled off.
Canada's Carney isn't having a bilateral meeting with Trump at G7 but says it's not a snub
Read full article: Canada's Carney isn't having a bilateral meeting with Trump at G7 but says it's not a snubCanadian Prime Minister Mark Carney will leave the G7 summit without a formal meeting with U.S. President Donald Trump as the free trade agreement between the countries faces an uncertain future.
US and Iran sign initial deal to end war, ease sanctions and open strait as nuclear talks continue
Read full article: US and Iran sign initial deal to end war, ease sanctions and open strait as nuclear talks continueAn initial agreement to end the war between the United States and Iran calls for Tehran to dilute its stockpile of highly enriched uranium and would waive sanctions on the country, immediately allowing Iran to sell its oil freely.
French president urges US to share cutting-edge AI and democracies to cooperate on regulation
Read full article: French president urges US to share cutting-edge AI and democracies to cooperate on regulationFrench President Emmanuel Macron is urging the U.S. not to keep cutting-edge AI to itself, calling for global cooperation on AI regulation.
US stocks sink on worries about a possible hike to interest rates this year by the Federal Reserve
Read full article: US stocks sink on worries about a possible hike to interest rates this year by the Federal ReserveU.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation.
In boost to Musk, Justice Department seeks to dismiss air pollution lawsuit against xAI data center
Read full article: In boost to Musk, Justice Department seeks to dismiss air pollution lawsuit against xAI data centerThe Trump administration is helping one of Elon Musk’s companies fight a civil rights lawsuit that alleges it is illegally running dozens of natural gas turbines to power a $20 billion data center in Mississippi.
Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance
Read full article: Federal Reserve policymakers show support for rate hikes as Warsh reins in guidanceThe Federal Reserve kept its key rate unchanged Wednesday yet nearly half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation.
AP Exclusive: Nvidia's Jensen Huang says society needs 'new social norms' in the age of AI
Read full article: AP Exclusive: Nvidia's Jensen Huang says society needs 'new social norms' in the age of AINvidia CEO Jensen Huang — whose work helped propel artificial intelligence — is stressing in an Associated Press interview that society has no choice but to change in the advent of AI.
African and Commonwealth nations in Kenya urge quick execution of a key treaty protecting oceans
Read full article: African and Commonwealth nations in Kenya urge quick execution of a key treaty protecting oceansAfrican and Commonwealth nations have called for a swift implementation of a landmark treaty protecting the high seas.