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Unorthodox leadership change at the Fed: Warsh on deck while Powell remains

AP News WASHINGTON (AP) — President Trump's pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring “regime change" to the central bank, but if confirmed by the Senate he will find a Fed already transformed by the White House's attacks.

For the first time in almost five decades, there will be a former chair on the central bank's board, potentially creating an alternate center of power. And on Wednesday multiple officials dissented from the Fed's statement, a sign they won't easily roll over for a new chair who has sharply criticized recent policy. Outgoing chair...
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Mali holds funeral for key junta figure killed in militant assaults

AP News DAKAR, Senegal (AP) — A funeral was held Thursday for Mali 's former defense minister, Gen. Sadio Camara, a key architect of the military government’s security partnership with Russia.

Camara was killed during last weekend's coordinated militant attack in the West African nation, the largest in over a decade.

His death, and the major setback endured by the Malian army and its Russian mercenary allies, risk creating divisions within the junta and could lead it to reconsider its partnership with Moscow, analysts say.

After two days of national mourning, a...
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US stocks rally to the finish of their best month since 2020, even as oil prices whipsaw

AP News NEW YORK (AP) — The U.S stock market motored to more records as profits keep piling up for big businesses. The S&P 500 rallied 1% Thursday and topped its prior all-time high to finish its best month in more than five years. The Dow Jones Industrial Average jumped 1.6%, and the Nasdaq composite climbed 0.9% to its own record. Alphabet led the way after the owner of Google and YouTube reported profit for the start of 2026 that blew past analysts’ expectations. The gains came after the latest whipsaw moves for oil prices, which surged toward their highest levels since the war with Iran... Read More

You're probably paying more for insurance lately. A new study suggests federal action to cut costs

AP News WASHINGTON (AP) — A new analysis suggests Americans are being overcharged by $150 billion annually to insure their homes, autos and businesses — and it proposes federal guardrails so that a public beset by affordability pressures could see savings.

The analysis by the Vanderbilt Policy Accelerator obtained exclusively by The Associated Press details how insurers are paying out less on claims after an accident, natural disaster or other misfortune than they did decades ago. For every $1 collected in premiums, insurers reimbursed 62 cents for claims in 2024, down from an average...
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Trump says he's lifting certain tariffs on Scotch whisky after royal visit

AP News WASHINGTON (AP) — President Donald Trump said Thursday he is removing certain tariffs on Scotch whisky after this week’s White House visit by King Charles III and Queen Camilla of the United Kingdom.

“The King and Queen got me to do something that nobody else was able to do, without hardly even asking!” Trump posted on social media.

Trump said people had wanted this change, especially with regard to the wooden barrels in which the spirits of Scotch and bourbon can be aged. It was not quite clear from the language of Trump's post whether the import taxes were...
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Top Stories

  • Trump pulls Casey Means' stalled surgeon general nomination. New pick is radiologist Nicole Saphier
  • Louisiana congressional primaries are suspended as a result of the Supreme Court's ruling
  • Trump says he's lifting certain tariffs on Scotch whisky after royal visit
  • Camp Mystic drops summer reopening plan over outrage by families and Texas lawmakers
  • Senate bans its own members and staff from betting in prediction markets
  • David Allan Coe, who wrote 'Take This Job and Shove It' and other country hits, dies at 86
  • House approves bill to fund the Department of Homeland Security and end the record shutdown
  • Myanmar's detained former leader Aung San Suu Kyi moved to house arrest
  • The first direct US-Venezuela commercial flight in 7 years lands in Caracas
  • Tax refunds and AI boom have offset some US economic pain from Iran war and high gas prices, so far

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Entertainment

  • Venice Biennale’s international jury resigns as Italy's government opposed Russia's participation
  • Milly Alcock’s ‘punk rock’ Supergirl takes flight as DC bets big on the Woman of Tomorrow
  • Druski tapped to host BET Awards, becoming youngest emcee in show’s 25-year history
  • Banksy confirms a new statue in central London of a man blinded by a flag is his work

Sports

  • Apple TV is using Miami race weekend to showcase its 1st year carrying Formula 1
  • Horse racing in Japan is on the rise. A Kentucky Derby winner could be next
  • The Delgados and Motts make the Kentucky Derby a fathers and sons event
  • Gianni Infantino affirms at the FIFA Congress that Iran will participate in the World Cup
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