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US allows more than a dozen ships through to Iranian ports, lifting blockade under deal, Vance says
WASHINGTON (AP) — Vice President JD Vance said Thursday that the U.S. Navy has allowed more than a dozen ships through to Iranian ports, lifting a blockade as part of an agreement to end the war.Vance made the announcement at a White House press briefing, where he said more oil is now flowing through the Strait of Hormuz. The Republican vice president said more than 12.5 million barrels went through the shipping channel Wednesday night.
“So we’re also honoring our end of the early part of the agreement on the military side,” Vance said, citing it as an... Read More
Average 30-year U.S. mortgage rate falls to 6.47%, tracking lower bond yields as Iran war winds down
WASHINGTON (AP) — The 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.The benchmark 30-year fixed rate mortgage rate fell to 6.47% from 6.52% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.81%.
Borrowing costs on 15-year fixed-rate mortgages, often sought by borrowers refinancing a home loan, also came down this week. That average rate fell to 5.81% from 5.84% last week. A year ago, it was at 5.96%, Freddie Mac said.
California billionaire tax proposal is slated to qualify for the November ballot
SACRAMENTO, Calif. (AP) — A proposal to temporarily increase taxes on billionaires in California to counter federal cuts to healthcare for low-income people has sufficient public support to qualify for the November ballot, the state’s top elections official said.Secretary of State Shirley Weber, a Democrat, said Wednesday night that petitioners have collected more than the roughly 875,000 signatures needed to place the proposed tax before voters. It will qualify June 25 unless proponents pull the measure.
The proposal, backed by the Service Employees International... Read More
Federal regulators back Trump's plan to speed power to energy-hungry AI data centers
WASHINGTON (AP) — Federal regulators on Thursday agreed to let large energy users connect more quickly to the nation’s inefficient and electric transmission system to accommodate surging demand from power-hungry artificial intelligence data centers.Energy Secretary Chris Wright had urged the Federal Energy Regulatory Commission to act in an effort to help the United States better compete with China for superiority in the fast-growing AI sector. Tech companies and data center developers have welcomed the chances for faster connections to the country's power supply.
Residents return to war-ravaged southern Lebanon with hope and sorrow after the US-Iran deal
TYRE, Lebanon (AP) — Adnan Kaour returned on Thursday to check on his home in southern Lebanon 's coastal city of Tyre — once known as an idyllic summer getaway spot — just a week after Israel issued warnings for all of its residents to evacuate.The warnings were followed by sweeping airstrikes on the city, which Israel said targeted the Lebanese Hezbollah militant group.
What Kaour found back in Tyre, shattered his hopes — his dream family apartment overlooking the shimmering Mediterranean Sea was a heap of rubble and shattered glass.
His return... Read More
Top Stories
- Maritime data company says stranded ships have begun transiting the Strait of Hormuz
- Residents return to war-ravaged southern Lebanon with hope and sorrow after the US-Iran deal
- New York Knicks revel in their NBA victory parade as joyous fans and celebs fill the streets
- Supreme Court sides with a Texas man who says itâs not a crime for marijuana users to have guns
- Ukrainian drones set a Moscow refinery ablaze in a major attack on the Russian capital
- Stocks rise on Wall Street, erasing much of their loss from a day earlier
- The European Union has quietly sought to reopen communication with Russia
- US gas prices fall below $4 for 1st time since March, but still 25% higher than last year
- A special election in the UK could hasten the rise of Andy Burnham and the end for Keir Starmer
- Pentagon chief lashes out at NATO allies and announces a review of US forces in Europe
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Entertainment
- Springsteen, Bono and Stevie Wonder will help the Obamas open their presidential museum
- Comedy trailblazer Tom Dreesen, Sinatraâs longtime opening act, dies at 86
- Sabrina Carpenter gets 5-year restraining order against man who kept trying to enter her home
- Lil Nas X shares a video update after getting mental health care: 'There's less fear in my heart'
Sports
- Inside the colorful, compelling and controversial jersey designs at the World Cup
- New York Knicks revel in their NBA victory parade as joyous fans and celebs fill the streets
- Ivory Coast's Elye Wahi denied entry to Canada at World Cup amid betting probe
- US Open off to a slow and foggy start at Shinnecock Hills