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Bank of England raises rates for first time since 2023, says more may come

The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues, as it started on a path that its main peers have already embarked on.British inflation is likely to reach around 5% in the middle of next year, the BoE said, more than double the central bank's target and a blow to Prime Minister Andy Burnham, who has sought to ease cost of living pressures.While there was little evidence so far of faster inflation outside sectors directly affected by higher energy costs, the BoE

Expedia shares slide after below-par quarterly revenue forecast fuels concerns

ConocoPhillips beats estimates on higher oil prices, raises dividend

Business|Economy

Ralph Lauren raises annual forecasts on resilient luxury demand

Ralph Lauren raised its annual revenue and profit margin forecasts, betting that strong demand from younger shoppers in North America and Asia will help the high-end brand continue to buck the trend of a broader luxury slowdown.The company has outperformed the wider luxury sector in recent quarters as higher-income US shoppers keep spending on cable-knit sweaters and Polo shirts. China has emerged as a growth engine, with revenue up 35% in the second quarter.Ralph Lauren now expects fiscal 2027 revenue to rise in the mid- to high-single-digit range, centered around 6% to 7%, compared with its

Baltimore man gets stolen car back, then faces $2,398 fine and other expenses

Georgia high school students compete for construction honors and careers at skills challenge

Economy|Environment

Flood-damaged bridge cuts off Colorado community as officials race to rebuild before winter

SOUTH FORK, Colorado (KCNC) -- A bridge damaged by days of flooding is leaving dozens of residents in South Fork's Beaver Creek community without a safe way to drive into town, as neighbors rely on one another while the community works to restore access before winter.Tony Cooper, who lives in the community said the water under, over, and around the bridge was so strong it severely damaged homes along the river."This big log right here got jammed underneath the bridge, and when it got jammed, that's what compromised it," Cooper said.After town officials said they felt t

Unemployment claims drop to 189,000, the fewest since mid-July

Musk bet big on keeping Texas red. What happens to his business empire now?

US News

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It's too early to call the outcome of California's proposal to tax billionaires

A California measure to tax the net worth of billionaires that divided liberal leaders nationally and triggered one of the most expensive ballot fights in state history was too early to call Wednesday morning as the vote tally continued. Proposition 40 would impose a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion, with most of the revenue dedicated to replacing federal funding cuts to healthcare. The measure left the ultra-rich, some of whom spent heavily to defeat it, scrambling to figure out whether they would pay the tax or leave California.

Business|Economy|Political|US

Trump is still in charge, but Democrats gain leverage in coming economic debate

From tariffs to oil prices, deregulation to health policy and the freight-train expansion of artificial intelligence, Democratic control of Congress will open a new phase in the battle over economic policies that drove Tuesday's broad voter rebuke of President Donald Trump and the Republican party.Congress may not have direct control over things like tariffs, immigration enforcement or the agencies that have rolled back environmental and health rules, and even de-escalation with Iran doesn't necessarily translate into a full reopening of the Strait of Hormuz and a drop in global oil prices.Bu

Seven numbers that explain Democrats' US midterm triumph

Trump acknowledges role of Iran war in Democratic sweep in midterm elections

Election|Political|US

Trump brags about his White House ballroom and seeks to deflect blame for GOP midterm drubbing

President Donald Trump reacted Wednesday to Republicans' midterm election losses by showing off the White House ballroom he's building as he demonstrated the kind of detached behavior that voters around the country said was a key reason they opted to punish his party. In an extraordinary scene, Trump summoned reporters to the hulking construction site that he demolished the East Wing to make room for and the Republican president spoke for nearly 20 minutes about minute building details. He did not mention his party losing control of Congress after defeats in some of the country'

Arts|Economy|Election|Finance|US

Republicans confront a game-changing possibility: They can no longer count on Texas

For decades, Texas Democrats have dreamt of turning the state blue, rallying around exciting candidates who drew big crowds and big money but could not ultimately overcome the state’s stubborn conservative majority.On Tuesday, their dream finally came true – and in dramatic fashion.Not only did Democrats win the state’s high-profile Senate race, but they also captured the governor’s mansion and prevailed in other consequential races, ending a 32-year losing streak in statewide elections.It marked a stunning rejection of one-party rule in the second most populous state in the country, w

Democrats win governor, senate race in Iowa

Democrats flex congressional majorities as Trump accepts electoral losses

World News

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Europe|Sports|World

Cristiano Ronaldo announces his international retirement from Portugal

Cristiano Ronaldo won’t play for Portugal anymore, ending on Thursday a career that spanned six World Cups and included a European title and the men’s all-time international scoring record. His announcement marked the end of a lauded career that began more than two decades ago before Euro 2004 and finished with him walking out on the national team after falling out with coach Jorge Jesus. "To the Portuguese people, the day has come for me to hand back the No. 7 shirt of our national team,” the 41-year-old Ronaldo said in a long video message on

US Supreme Court rejects Trump, lets California count all ballots

Acting on the eve of the US midterm elections, the Supreme Court quickly rejected on Monday a bid by President Donald Trump's administration to temporarily block California from counting mail-in ballots from more than 20,000 registered voters who federal officials allege are likely non-US citizens. The justices denied the Justice Department's emergency request just hours after it filed it, shutting down the administration's claims over disputed ballots that could have affected thousands of voters and injected uncertainty into election outcomes. The decision represented another defeat for Tr

International politicians react to Democrats winning US midterms

Here’s where Trump’s housing agenda stands before midterms

How Trump’s noncitizen voter lists could affect the midterms

As Americans head to the polls on Tuesday for midterm elections, lists the Trump administration has compiled of possible noncitizen voters could be used to contest the validity of the results.With US President Donald Trump’s Republican Party fighting to maintain control of Congress, here’s how the lists could affect the midterms.WHAT HAS THE TRUMP ADMINISTRATION SAID ABOUT THE LISTS?The Trump administration has acknowledged sending letters to election officials in five states — California, Washington, New Jersey, Pennsylvania and Nevada — as of October 30, saying it identified nonci

Middle East on edge as fears mount that Iran war could restart after the midterms

With little transparency from Washington and warmongering from Tehran, people across the Middle East have been left anxious and confused, scanning for signals on whether the conflict between Iran and the United States will reignite.“The mood has definitely shifted,” a 36-year-old American living in Saudi Arabia told CNN. She plans to leave before Tuesday’s US midterm elections, after which US President Donald Trump has hinted renewed fighting is possible.“People are more cautious in general, and it feels like a waiting game to see what happens,” she added.At homes and workplaces acro

Trump says US is cutting off aid to Israel at year’s end because ‘they don’t need it’

G20 photo scrapped amid tensions over Russian foreign minister’s presence

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Election|Political

What's next for Alaska's unusual US Senate race

Election

Vance, DeSantis make quick moves after disastrous GOP midterms jumpstart 2028 race

Election

Mississippi Senate race turns into a nail-biter

Business|Crime|Education|Political

Former federal prosecutor to lead Cornell sex assault investigation

Economy|Election|Political|Technology

Crypto’s midterm spending spree stumbles as Democrats rack up big wins

The crypto industry's roughly $200 million spending spree this election stumbled Tuesday, as some of its most expensive and high-profile

Business|Crime|Finance

Security guard stops gunman who drove into Tampa-area Citibank Center and opened fire, killing an employee

Business|Finance|Technology

Wall Street ends higher after Democrats win Congress; data center stocks tumble

Business|Economy|Finance|Stock Markets

Dow has best post-midterm elections day in 44 years as Democrats take control of Congress

Arts|Environment|Finance

Vance tries to distance himself from Iran war after GOP's deep losses in midterm elections

Vice President JD Vance publicly broke from President Donald Trump’s defense of the Iran war in the wake of the Republican Party’s deep losses in the midterm elections

Election

Which Senate, governors races are still uncalled by The Associated Press

Just a handful of races for Senate and governor have not yet been called by The Associated Press as of 4 p.m. Eastern time on Wednesday

California & Local

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Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls