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Justice Department drops criminal probe of Fed chair Powell, likely clearing the way for Warsh
WASHINGTON (AP) — The Justice Department has ended its probe into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his successor, Kevin Warsh.U.S. Attorney for the District of Columbia Jeannine Pirro said on X on Friday that her office was ending its probe into the Fed’s extensive building renovations because the Fed’s inspector general would scrutinize them instead.
The move could lead to a swift confirmation vote by the Senate for Warsh, a former top Fed official whom President Donald Trump, a Republican, nominated in... Read More
Tech stocks rise after Intel's blowout profit report, while oil prices keep swinging
NEW YORK (AP) — A surge for Intel following a blowout profit report is leading technology stocks higher Friday, while oil prices keep swinging in the wait for what’s next with the Iran war.The S&P 500 added 0.4% and inched above its all-time high set on Wednesday, even though the majority stocks within the index fell. The Dow Jones Industrial Average was down 168 points, or 0.3%, as of 11 a.m. Eastern time, and the Nasdaq composite was 1% higher.
Intel led the way and is potentially heading for its best day since 1987. It jumped 23.8% after reporting much stronger... Read More
Tornado barrels through Oklahoma, damaging 40 homes and shutting down roads
ENID, Okla. (AP) — Communities began cleaning up Friday after a powerful tornado in Oklahoma damaged at least 40 homes, ripping roofs off of some and reducing others to rubble in a rural community as emergency crews rescued trapped residents, authorities said.There were no fatalities and only minor injuries reported.
The confirmed tornado Thursday moved across parts of Enid, a city of about 50,000 people near the state's northern border in Garfield County, according to the National Weather Service. Video showed a rapidly rotating column of air touching down along... Read More
Norfolk Southern's profit fell 27% as it didn't collect big insurance payments for Ohio derailment
Norfolk Southern railroad's first-quarter profit fell 27% because it didn't collect big insurance payments related to the East Palestine, Ohio, derailment and its planned merger with Union Pacific added to its costs.The Atlanta-based railroad said Friday that it earned $547 million, or $2.43 per share. That's down from $750 million, or $3.31 per share, a year ago. The disastrous derailment in the small town on the Ohio-Pennsylvania border has generally boosted earnings in recent quarters as the railroad collected insurance payments, but that wasn't the case this time, so it... Read More
Top Iran diplomat traveling to Pakistan for talks on ceasefire with US
ISLAMABAD (AP) — Iran’s top diplomat was heading Friday to Pakistan, where officials have been trying to get the United States and Iran to convene for a second round of ceasefire negotiations.Foreign Minister Abbas Araghchi wrote on X that he was on his way to Pakistan, Oman and Russia on a trip focused on “bilateral matters and regional developments."
The White House did not immediately respond to questions about Araghchi’s trip to Pakistan and whether a U.S. delegation would also travel there.
The trip comes as much of the world has been on edge... Read More
Top Stories
- FDA plans ultra-fast review of three psychedelic drugs following Trump directive
- Justice Department drops criminal probe of Fed chair Powell, likely clearing the way for Warsh
- Tech stocks rise after Intel's blowout profit report, while oil prices keep swinging
- Tornado barrels through Oklahoma, damaging 40 homes and shutting down roads
- Top Iran diplomat traveling to Pakistan for talks on ceasefire with US
- NFL draft in NIL era includes players taking a pay cut to go from college to the pros
- US soldier charged with using classified intel to win $400K on Maduro raid is due in court
- Congress keeps holding all-nighters, creating dysfunction after dark
- Prosecutors used rap lyrics to help send a man to death row in Texas. It's not an uncommon tactic
- Correspondents' Dinner's biggest moments involve laughs, cringing and high-stakes politics
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Entertainment
- Prosecutors used rap lyrics to help send a man to death row in Texas. It's not an uncommon tactic
- Correspondents' Dinner's biggest moments involve laughs, cringing and high-stakes politics
- South Korean prosecutors deny police request for arrest warrant for K-pop mogul behind BTS
- Japan's Haruki Murakami to publish first new novel in 3 years with 'The Tale of KAHO' in July
Sports
- Jim Furyk is returning as US Ryder Cup captain for 2027, AP sources say
- Man who helped fellow runner across Boston Marathon finish line says it was natural instinct to help
- Spain heads to World Cup with its image battered by cases of racism, sexism and xenophobia
- Timberwolves take a 2-1 lead on the Nuggets with a dominant defensive effort in a 113-96 win