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Tesla annual profit plunges to lowest level since pandemic.
NEW YORK (AP) — Tesla’s annual profit plunged to its lowest level since the pandemic five years ago as it lost the title of the world’s biggest electric vehicle maker to a Chinese rival and boycotts hammered sales.The EV company run by Elon Musk reported Wednesday that net income last year dropped 46% to $3.8 billion. It was the second year in a row of steep declines. The drop came despite the introduction of cheaper models and Musk's promise to remain laser-focused on the company after a foray into U.S politics.
Still, Tesla investors have kept the faith in Musk... Read More
Mayors warn that Trump's hardline immigration tactics could dent trust in law enforcement
WASHINGTON (AP) — Elizabeth Kautz says she now carries her passport around the Minneapolis suburb where she's been the mayor since 1995.“Those ICE agents don't know that I'm the mayor of the city of Burnsville,” Kautz, a Republican who has occasionally diverted from the Trump administration's views, said Wednesday as the United States Conference of Mayors opened its meeting in Washington. “I could be coming out of a store and be harassed so I need to make sure that I have credentials on me.”
Her comments reflected a sense of frustration and exasperation... Read More
Husband testifies he did not plot wife's killing in double murder trial connected to au pair affair
RICHMOND, Va. (AP) — A man testified on Wednesday that he loved his wife and did not want to end his marriage, despite having an affair with his family's au pair in what would become a sprawling double homicide case centered around the two of them.Wearing a gray suit and a plaid tie, Brendan Banfield testified in a Fairfax, Virginia, court under oath about what happened the day he began cheating on his late wife, Christine Banfield, with Juliana Peres Magalhães in what he said was a casual affair. He described Magalhães scooting her chair closer to his while eating dinner one... Read More
Federal Reserve keeps interest rates unchanged even as Trump continues to insist they be lowered
WASHINGTON (AP) — The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year.Chair Jerome Powell said at a news conference after the central bank announced its decision that the economy's outlook “has clearly improved since the last meeting” in December, a development that he noted should boost hiring over time. The Fed also said in a statement that there were signs the job market is stabilizing.
With the economy growing at a healthy pace and the... Read More
Texas man set to be executed for fatally shooting his ex-girlfriend and her new boyfriend
HUNTSVILLE, Texas (AP) — A Texas man who once escaped from custody and was on the run for three days after being sentenced to death for fatally shooting his ex-girlfriend and her new boyfriend was scheduled Wednesday evening to be the first person executed in the U.S. this year.Charles Victor Thompson was condemned for the April 1998 shooting deaths of his ex-girlfriend, Glenda Dennise Hayslip, 39; and her new boyfriend, Darren Keith Cain, 30, at her apartment in the Houston suburb of Tomball.
Thompson, 55, was scheduled to receive a lethal injection starting after 6... Read More
Top Stories
- Federal Reserve keeps interest rates unchanged even as Trump continues to insist they be lowered
- Trump signals interest in easing tensions, but Minneapolis sees little change on the streets
- Search warrant FBI served at elections office near Atlanta seeks records tied to the 2020 elections
- Two companies supplied dried milk powder linked to botulism in ByHeart baby formula
- US stocks hold near their all-time high while the dollarâs value stabilizes
- Partial federal shutdown seems increasingly likely as Democrats demand major changes to ICE
- Mississippi sending 135 snowplows to help clear ice and snow from traffic-clogged highways
- Your baby could qualify for $1,000 with a Trump Account. Here's what to know
- Man arrested in the attack on Ilhan Omar has a criminal history and made pro-Trump posts
- Rubio defends Trump on Venezuela while trying to allay fears about Greenland and NATO
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Sports
- Patriots' Robert Kraft says Bill Belichick unequivocally deserves to be first-ballot Hall of Famer
- Brazil's Corinthians to face England's Arsenal in the inaugural Womenâs Champions Cup final
- Todd Monken, ex-Ravens offensive coordinator, hired as the Cleveland Browns head coach
- Bill Belichick's snub from the Pro Football Hall of Fame is criticized by voters and NFL fans