Fed officials deeply divided over future rate cuts, need to see big inflation drop: meeting minutes

Many Federal Reserve officials want to see inflation fall further before they would support additional interest rate cuts this year, particularly if the job market continues to stabilize, minutes of last month’s meeting show. The “vast majority” of the 19 participants on the Fed’s rate-setting committee said that there were signs the job market has stabilized, after the unemployment rate rose in late 2025, the minutes said. And most of the officials agreed that the Fed’s key rate is close to a level that neither stimulates nor restrains the economy. The minutes were released Wednesday, three weeks after the central…

Minnesota school taught eighth-grade geography class ICE uses ‘tricky & violent tactics’: docs

WASHINGTON — A Minnesota middle school taught eighth-graders that Immigration and Customs Enforcement (ICE) officers are using “tricky & violent tactics” to harass and arrest thousands of “legal immigrants,” according to documents released this week by a conservative education group. Defending Education published excerpts from a PowerPoint slideshow that revealed…

Pope turns down offer to join Trump’s Gaza Board of Peace

WASHINGTON — Pope Leo XIV is peacing out of President Trump’s offer. The Holy See turned down Trump’s invitation to join his Board of Peace for the beleaguered Gaza Strip due to fears that the panel would undermine the role of the United Nations. “There are points that leave us…

Wendy’s shares soar 15% after billionaire Nelson Peltz says stock is undervalued

Activist investor Nelson Peltz said in an SEC filing on Wednesday that the fast-food chain Wendy’s stock is currently undervalued, sending its shares up about 15%. According to the filing, Peltz’s Trian Fund Management has spoken with possible financing sources, co‑investors, and strategic partners about potential deals including an acquisition or other major transactions…

How MLB players union is pivoting after Tony Clark resignation scandal

TAMPA — The MLB Players Association may not have an official leader at the moment, but the players are doubling down on the strength of the union. Austin Wells, the Yankees’ player rep, held a meeting with his teammates Wednesday morning to voice that message and address the fallout of…

Republican Steve Hilton rockets to lead in California governor’s race

Republican Steve Hilton has opened up a surprise lead in the California governors race, according to a new poll. The Fox News contributor and staunch critic of Gov. Gavin Newsom is leading the crowded field, with 17% support, according to the Emerson College Polling/Inside California Politics survey. Democratic Rep. Eric…

Kyrie Irving’s latest health update bad news for Mavericks

It will be another several months before Mavericks fans see Kyrie Irving on the hardwood again. The Dallas point guard will miss the rest of the 2025-26 season as he continues to recover from an ACL tear, the team announced on Wednesday morning. Irving sustained the injury in his left…

Trump adviser slams NY Fed tariff study: ‘Worst paper I’ve ever seen’

Kevin Hassett, a top economic adviser to President Trump, on Wednesday said those behind a New York Federal Reserve research paper that argued the costs of tariffs are borne mostly by Americans should be punished for what he described as shoddy scholarship. “The paper is an embarrassment,” Hassett said in a CNBC interview. “It’s, I…

San Francisco will host an NFL regular season game in Mexico City

At this point, the 49ers might want to get bigger suitcases. After it had been reported that the 49ers and Rams would be playing in the NFL’s first-ever game in Australia — date to be determined but most are predicting week 1 — news broke Wednesday morning that the trip…

Amazon could invest up to B in OpenAI: report

Amazon is reportedly in talks to invest as much as $50 billion into Sam Altman’s OpenAI — in what would be a massive bet on the ChatGPT creator. Amazon boss Andy Jassy is leading negotiations with Altman, The Wall Street Journal reported, citing people familiar with the matter. The sources…

Lakers could get star guard star back Friday at Washington

WASHINGTON — After being sidelined for over a month, Lakers star guard Austin Reaves could make his return to the floor on Friday night in the nation’s capital.  The Lakers upgraded Reaves to questionable for their matchup against the Washington Wizards after Reaves was sidelined for the previous 17 games…

Apple iPhone sales hit record B as CEO Tim Cook calls demand ‘staggering’

Apple beat Wall Street estimates for quarterly revenue on Thursday, powered by strong demand for its iPhones and a sharp rebound in China, with CEO Tim Cook telling Reuters that demand for the latest handsets was “staggering.” Apple’s iPhone 17 lineup helped lift sales across key markets, easing investor concerns about…

Amazon workers couldn’t opt out of working on Melania Trump doc: report

Amazon told employees they were not allowed to opt out of working on production for the new documentary about First Lady Melania Trump for political reasons, according to a report. Some employees in Amazon’s entertainment division were unhappy about work related to the rollout of “Melania,” the newly released documentary…

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