Facebook earnings beat forecasts but profits fell, putting pressure on the stock. The Fed kept rates steady, but left market watchers betting on a September rate hike. Bobbi Rebell reports.
With very few Americans without an opinion of Donald Trump, it will be hard to find a truly neutral jury in the New York hush-money case.
Dozens of prospective jurors are being questioned inside Manhattan Criminal Court, where a panel of 12 jurors and six alternates will ultimately be chosen to decide the former president’s fate.
On the eve of a vote on union representation at Volkswagen's Tennessee factory, Gov. Bill Lee and some other southern governors are telling workers that voting for a union will put jobs in jeopardy. About 4,300 workers at VW's plant in Chattanooga will start voting Wednesday on representation by the United Auto Workers union. Vote totals are expected to be tabulated Friday night by the National Labor Relations Board.
Stocks eyed a broader comeback from a steep sell-off as investors digested results from Bank of America and other heavyweights.
A Massachusetts man crossed the finish line of the Boston Marathon in memory of his three children, who were killed last year. Patrick Clancy ran the 26.2 mile race Monday while wearing the names of his children -- Cora, Dawson, and Callan -- on his bib, and wearing an item that belonged to each child: A hair bow of 5-year-old Cora's, a wristband of 3-year-old Dawson's and a bracelet of 7-month-old Callan's, he told WCVB-TV, the ABC station in Boston. "They were my motivation," Clancy said of his kids in an interview with WCVB-TV after the race.
A top rebel commander has pulled out of Colombia's peace negotiations amid a split in one of the most powerful guerrilla groups in the country, the government said Tuesday.Last week, an EMC negotiator and commander, Andrey Avendano, told local media the group was facing "a big division" over differing views on "the political moment in the country."
A second House Republican, Rep. Thomas Massie, said he supports efforts to oust Speaker Mike Johnson from power over his handling of aid for Ukraine and others.
Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest rates. “Recent data have clearly not given us greater confidence" that inflation is coming under control" and instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said during a panel discussion at the Wilson Center. “If higher inflation does persist," he said, “we can maintain the current level of (interest rates) for as long as needed.”
The former president's media company announced plans to air news, religious channels and other content.
Some EU member states have asked for sanctions against Iran to be expanded in response to Tehran's attack on Israel and the bloc's diplomatic service will begin working on the proposal, EU foreign policy chief Josep Borrell said on Tuesday. Borrell was speaking after an emergency video conference of EU foreign ministers called to discuss the repercussions of the attack. "Some member states proposed ... adopting an expansion of restrictive measures against Iran," Borrell told reporters.
Countries on Tuesday pledged more than $610 million to address the "critical" humanitarian situation in Ethiopia, where more than 21 million people need aid and a dire food crisis is deepening."We have millions and millions of people in Ethiopia facing very severe food insecurity," USAID Deputy Administrator Isobel Coleman told AFP ahead of the conference, warning "the humanitarian situation in the country remains very, very fragile".
The White House said Tuesday that separate aid bills set for a vote in the US House this week appear to meet the long-delayed military needs of Ukraine and Israel.Biden, who spoke to Johnson on Monday about the plans, had stressed that "we need to see the House move this week" due to the urgent military needs of Ukraine and Israel, Kirby added.
The world is not doing enough to protect coral reefs, the United Nations’ special envoy for the ocean said Tuesday in defense of the marine ecosystems that protect biodiversity, sustain underwater life and produce some of the oxygen we breathe. In an interview with The Associated Press on the sidelines of an international ocean conference in Greece, Peter Thomson suggested that all significant coral reefs should be included in marine protected areas under what is known as the “30x30” initiative — a plan to designate 30% of the world’s land and ocean areas as protected areas by 2030. Top reef scientists on Monday announced that coral reefs are experiencing global bleaching for the fourth time — and the second time in just 10 years – as a result of warming oceans amid human-caused climate change.
Fed Chair Jerome Powell signaled that it will likely take longer to cut rates, saying it will take 'longer than expected' to achieve the confidence needed to get inflation down to the central bank’s 2% target.
Supreme Court justices grappled with limits on an obstruction charge filed in Jan. 6 cases because of concerns it could target peaceful protests.
Brussels authorities set off a political firestorm Tuesday by ordering the shutdown of a hard-right political gathering, in a move denounced by several European leaders including Belgium's own prime minister as an assault on free speech.But Belgium's Prime Minister Alexander De Croo slammed the move as "unacceptable" and said the Belgian constitution guaranteed freedom of speech.
Tesla stock slipped again on Tuesday, with shares now down nearly 9% since yesterday after the company announced a “more than 10%” staff reduction.
India's election will last six weeks after a campaign that has sprawled across India — and into the United States as well.
Coal miners will be better protected from poisonous silica dust that has contributed to the premature deaths of thousands of mine workers from a respiratory ailment commonly known as “black lung” disease, the Labor Department said Tuesday as it issued a new federal rule on miners' safety. The increased drilling generates deadly silica dust and has caused severe forms of pneumoconiosis, better known as black lung disease, even among younger miners, some in their 30s and 40s.
A powerful storm system capable of unleashing damaging hail, wind and tornadoes is expected to barrel through parts of the Mississippi Valley and Midwest Tuesday after triggering tornado watches in the Plains overnight.
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