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Fed nominee pledges inflation fight even as Trump renews demands for rate cuts that could worsen it

WASHINGTON (AP) — Donald Trump's nominee to lead the Federal Reserve is pledging to fight inflation at a hearing Tuesday even as the president underscored his demands for interest rate cuts.

The comments underscore the challenges face by Kevin Warsh, a former top Fed official who Trump named in January to replace the current Fed chair, Jerome Powell, whom Trump has repeatedly attacked for not cutting rates. Investors will be watching the hearing closely to see how Warsh balances Trump's demands for lower interest rates with an economy where inflation is rising as the Iran war... Read More

Stocks and oil prices hold relatively steady in the countdown to US-Iran ceasefire talks

NEW YORK (AP) — U.S. stocks are holding firm Tuesday after UnitedHealth Group and other big companies showed they’re making even bigger profits than analysts expected. Oil prices, meanwhile, remained relatively stable as optimism seems to be sticking in financial markets that the United States and Iran will avoid a worst-case scenario for the economy, even with their war ongoing.

The S&P 500 added 0.2%, coming off just its second drop in 14 days, and is close to another all-time high. The Dow Jones Industrial Average was up 397 points, or 0.8%, as of 9:50 a.m. Eastern time,... Read More

Pope criticizes colonization of Africa's minerals as he arrives in Equatorial Guinea

MALABO, Equatorial Guinea (AP) — Pope Leo XIV arrived in Equatorial Guinea on Tuesday on the fourth and final leg of his Africa journey, and denounced the “colonization” of Africa's minerals and the “lust for power” in a country whose repressive leader has been in office since 1979.

Adoring crowds in the largely Catholic country lined the road from the airport into the capital, Malabo, cheering the first pope to visit since St. John Paul II in 1982. Wearing his formal red mozzetta cape, Leo thrilled the flag-waving masses by arriving at the presidential palace in his... Read More

As the planet warms, scientists burn homes to figure out how to best protect them in wildfires

RICHBURG, S.C. (AP) — It took less than three minutes for wind-whipped flames to go from licking the side of the house to shattering a window and working under the eaves to burn everything inside. Weeks later, another house in the exact same spot was burning — again in the name of science.

That home went up in flames slower because it was fortified with better materials. Add moving vegetation, mulch, wood fences and hot tubs with their highly flammable insultation several feet away and experts said you can protect houses from the increasing danger of wildfires on a warming... Read More

The Latest: Vance and Qalibaf expected in Round Two talks, but Trump says 'I expect to be bombing'

Regional officials have told The Associated Press that both the U.S. and Iran are sending their top negotiators to Pakistan for Round Two peace talks as a fragile ceasefire is set to expire.

But both sides have sent mixed messages, with U.S. President Donald Trump saying Tuesday that “I expect to be bombing” and Iran's Parliament Speaker Mohammed Bagher Qalibaf saying Tehran has “new cards on the battlefield” that haven’t yet been revealed.

Pakistan-led mediators have received confirmation that Qalibaf and U.S. Vice President JD Vance are expected to arrive in... Read More

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Fed nominee pledges inflation fight even as Trump renews demands for rate cuts that could worsen it

Stocks and oil prices hold relatively steady in the countdown to US-Iran ceasefire talks

Pope criticizes colonization of Africa's minerals as he arrives in Equatorial Guinea

As the planet warms, scientists burn homes to figure out how to best protect them in wildfires

The Latest: Vance and Qalibaf expected in Round Two talks, but Trump says 'I expect to be bombing'

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