Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut
The Federal Reserveโs favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall.
French train lines hit by 'malicious acts' disrupting traffic ahead of Olympics, rail company says
The French national rail company SNCF says high-speed lines have been hit by several โmalicious actsโ that have heavily disrupted traffic on the day of the high-risk Olympics opening ceremony.
Sri Lanka will hold presidential election on Sept. 21, its first since declaring bankruptcy in 2022
Sri Lanka will hold a presidential election on Sept. 21 that will likely be a test of confidence in President Ranil Wickremesingheโs efforts to resolve the countryโs worst economic crisis.
Harris will carry Biden's economic record into the election. She hopes to turn it into an asset
A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do.
Norfolk Southern profits complicated by derailment insurance payments, proxy fight and productivity
Norfolk Southern got a boost during the second quarter from insurance payments related to last year's disastrous East Palestine derailment, but it also made progress in reducing its expenses and getting more efficient.
OpenAI tests ChatGPT-powered search engine that could compete with Google
OpenAI is testing a ChatGPT-powered search engine that could put the artificial intelligence company in direct competition with search giant Google and affect the flow of internet traffic seeking news and other timely information.
Video game performers will go on strike over artificial intelligence concerns
Hollywoodโs video game performers are going on strike, throwing part of the entertainment industry into another work stoppage after talks for a new contract with major game studios broke down over artificial intelligence protections.
Major funders bet big on rural America and โeveryday democracyโ
The Trust for Civic Life โ a collaborative of 15 grantmakers, mostly high-profile national funders โ sees small, local groups as instruments of change โ modern versions of the organizations that scholars from Alexis de Tocqueville to Robert Putnam have singled out as a distinguishing feature of American democracy.
Union Pacific profit grows 7% as the railroad continues to get more efficient under CEO Jim Vena
Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat because it was able to continue streamlining its operations.
More than 100 flights cancelled in Germany as environmental activists target airports across Europe
Germanyโs busiest airport canceled more than 100 flights as environmental activists launched a coordinated effort to disrupt air travel across Europe at the height of the summer holiday season to highlight the threat posed by climate change.
Wind power can be a major source of tax revenue, but officials struggle to get communities on board
An Associated Press analysis of county tax data across three states โ Illinois, Iowa and Nebraska โ found wind companies rank among the biggest taxpayers in many rural communities, with their total tax bills at times outstripping that of large farms, power plants and other major businesses.
US files details of Boeingโs plea deal related to plane crashes. It's in the hands of a judge now
The Justice Department has filed an agreement in which Boeing will plead guilty to a fraud charge for misleading regulators who approved the 737 Max jetliner before two of the planes crashed, killing 346 people.
FTC orders 8 companies to provide information on 'surveillance pricing' practices
The Federal Trade Commission has ordered information from eight companies that the agency says offer products and services that use personal data to set prices based on a shopperโs individual characteristics.
US banks to begin reporting Russian assets for eventual forfeiture under new law
The Treasury Department is ordering the nationโs banking industry to start disclosing its holdings of Russian assets, with the goal of eventually seizing those billions of dollars in assets and selling them to aid the devastated Ukrainian economy.
US is investigating Delta's flight cancellations and faltering response to global tech outage
U.S. airline regulators have opened an investigation into Delta Air Lines, which is still struggling to restore operations on Tuesday, more than four full days after a faulty software update caused technological havoc worldwide and disrupted global air travel.
Despite Musk's Trump endorsement, X remains a go-to platform for Democrats
A week after Elon Musk endorsed Donald Trump for president, President Joe Bidenโs team used Muskโs social media platform X โ in addition to more neutral spaces such as Facebook and Instagram โ to announce he is ending his campaign for reelection.
Conservatives use shooting at Trump rally to attack DEI efforts at Secret Service
Several Republican lawmakers seized on gender and diversity, equity and inclusion efforts at the Secret Service as among the reasons for security lapses during the assassination attempt on former President Donald Trump.
Lawmakers in Nigeria try to resolve rift between authorities and Africa's richest man
Nigerian legislators have begun an investigation into the alleged importation of contaminated fuel into the country, part of efforts to resolve issues causing a rift between an oil refinery owned by Africaโs richest man Aliko Dangote and the industry regulator.
CrowdStrike says more machines fixed as customers, regulators await details on what caused meltdown
Cybersecurity firm CrowdStrike says a โsignificant numberโ of the millions of computers that crashed on Friday, causing global disruptions, are back in operation as its customers and regulators await a more detailed explanation of what went wrong.
Philippine president orders shutdown of Chinese-run online gambling industry employing thousands.
President Ferdinand Marcos Jr. has ordered an immediate ban on widespread and mostly Chinese-run online gaming operations in the Philippines accusing them of venturing into crimes, including financial scams, human trafficking, torture, kidnapping and murder.
Internet is still down in Bangladesh despite apparent calm following deadly protests
Bangladesh is still without internet for a fifth day and the government declared a public holiday Monday, as authorities maintained tight control despite apparent calm following a court order that scaled back a controversial system for allocating government jobs that sparked violent protests.
Delta Air Lines says cancellations continue as it tries to restore operations after tech outage
Airlines, including Delta Air Lines, continued to struggle to restore operations two days after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights.
With GOP convention over, Milwaukee weighs the benefits of hosting political rivals
Deep-blue Milwaukeeโs downtown turned red as thousands of Republican National Convention delegates and other party stalwarts gathered to formally rally behind Donald Trump as their candidate for president in the pivotal swing state.
8.5 million computers running Windows affected by faulty update from CrowdStrike
As the world continues to recover from massive business and travel disruptions caused by a faulty software update from cybersecurity firm CrowdStrike, malicious actors are trying to exploit the situation for their own gain.