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Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday the Middle East war's impact on the economy, while still being measured, could lead to persistent rises in inflation that might require tighter monetary policy."It still seems early to assess the size and persistence of the economic effects from the Iran conflict," Bowman said in the text of a speech to be delivered at a conference in Iceland.She said she was "optimistic" that once the war is over, supply disruptions will end and there will be a "temporary" impact on inflation and a "minimal" hit to overall economic act

Fed's Bowman says extended energy shock could drive policy outlook shift

European Union unlocks billions in funding for Hungary after rapid reforms by new leader Magyar

The Latest: Judge temporarily blocks payouts from Trump administration’s ‘anti-weaponization’ fund

Business|Economy|Europe|World

Top euro zone countries see Iran inflation fallout broaden in May

Inflation in the euro zone's four largest economies hovered above the European Central Bank's 2% target for a third straight month in May, preliminary data showed on Friday, as a rise in fuel costs triggered by the Iran war began to feed through to other prices.Readings from France, Italy, Spain and some of Germany's largest and most economically important states are likely to cement the case for a rate hike from the European Central Bank next month and stoke worries about whether high inflation is beginning to take root in the euro zone.National gauges of price growth rose in France, to 2.8%

German inflation eases in May, while core inflation rises

Brazil economy rebounds in first quarter on strong consumption

Colorado voted to end forced prison labor in 2018 – so why are incarcerated people in the state still working for less than $2 an hour?

Colorado voters passed Amendment A, a ballot measure touted as an end to slavery in state prisons in 2018. The amendment eliminated the penal exception clause, which allowed the state to use forced labor in addition to incarceration as a punishment for crime. Colorado was the first of eight states to repeal its penal exception clause. Advocates for the policy change hoped it would prevent forced labor for little pay. Colorado pays incarcerated workers between US$0.33 and $1.61 per hour for maintenance jobs such as cooking, cleaning and groundskeeping. Nationally, the elimination of state pen

Bessent argues US was 'asleep' on economic security, Trump policies waking it up

US goods trade deficit narrows in April on strong exports

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Election|Political|US

How James Talarico is working to win over Black voters who strongly backed Jasmine Crockett

At James Talarico’s first rally after Ken Paxton became his opponent in their US Senate race, one of Texas’ most prominent Black leaders, Rodney Ellis, acknowledged he had supported Talarico’s opponent, Rep. Jasmine Crockett, in their hard-fought Democratic primary.“That was then, this is now,” Ellis said on Wednesday. “There’s too much at stake to be petty.”It was a notable vote of confidence from Ellis, a Harris County commissioner and former state senator from Houston. Yet it also showed how Talarico is still building inroads with Black voters nearly three months after they

Business|Political|Technology|US

A spin-off deal saved TikTok’s US future. Sen. Ed Markey is questioning if it puts national security at risk

Four months after TikTok’s US assets were spun off into a new joint venture to avert a ban, Sen. Ed Markey says Americans still don’t have enough information about whether the deal addresses national security concerns related to the popular video app.Markey, a Massachusetts Democrat, on Friday sent letters to TikTok US and Oracle claiming the spin-off deal violated “the spirit, if not the letter” of a 2024 law meant to protect Americans on TikTok. The letters demand information about the group’s relationship to TikTok’s Chinese parent company ByteDance.The letters could reignite li

How do US arms sales to Taiwan work and why are they such a sore point for China?

In new memoir, Jill Biden wonders whether acknowledging Joe's poor debate would have been better

Celebrity|Election|Entertainment|US

LA mayor candidate Spencer Pratt distances himself from past 9/11 conspiracy comments, says he was ‘young and naive’

Years before Spencer Pratt emerged as a high-profile insurgent candidate in the Los Angeles mayor’s race, the former reality TV star immersed himself in the world of noted conspiracy theorist Alex Jones — telling Jones’ audience in 2009 that the September 11 attacks were “100%” an inside job and urged his fans on social media to watch a widely debunked film that pushed the same claim.In a series of July 2009 posts on X, then known as Twitter, Pratt praised “Loose Change” — a debunked conspiracy film central to the 9/11 Truth movement — writing that “anyone who can watch tha

Arts|Education|Entertainment|Sports|US

Shrey Parikh bounces back, battles nerves and dominates spell-off to win the National Spelling Bee

Shrey Parikh felt his body shake from nerves and doubts every time he walked to the microphone at the Scripps National Spelling Bee, the final test of a six-year competitive spelling career marked by triumph and heartbreak that he knew could end at any moment. Then he listened to pronouncer Jacques Bailly, and his dour body language vanished as he nodded vigorously, his tell that, yes, he knew the words he was asked to spell. All of them. “Once I get the word,” Shrey said, “I'm not really nervous anymore, because then it's all in my control.”

A history of E. Jean Carroll's legal battle with President Donald Trump

Exclusive: Justice Department launches a criminal investigation into Trump accuser E. Jean Carroll

World News

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Economy|MidEast|Political|World

Iran promises ‘utter ruin’ if war restarts. Here’s what could happen if diplomacy fails

As negotiations between the United States and Iran edge toward a possible agreement, Tehran is increasingly signaling that any return to war would look very different from the last.US officials said Thursday that a tentative agreement had been reached in talks between Tehran and Washington and was awaiting President Donald Trump’s approval. Yet even as negotiators reported progress, the military confrontation showed little sign of disappearing. The US launched its second round of strikes on Iran in a matter of days this week, while skirmishes continued Thursday evening in the Strait of Hormu

Health|Lifestyle|Science|World

Stop worrying about Ebola: Protect yourself from contagious viruses you may actually encounter

Another alarming episode of Ebola. A rare, contagious hantavirus. Glaring headlines about deadly viruses in far-flung places may be needlessly frightening you.“The headlines are scary, but honestly, the risk to the average traveler from these viruses is essentially nonexistent,” said Dr. Thomas Moore, clinical professor of medicine at the University of Kansas School of Medicine-Wichita.Yet people are always concerned about the viral “germ du jour,” said Dr. Ronald Nahass, president of the Infectious Diseases Society of America and clinical professor of medicine at Rutgers Robert Wood J

Iran’s nuclear stockpile — a key part of negotiations to end the war and a focus of Trump’s — explained

Mullin plan to punish sanctuary jurisdictions by targeting their airports faces fierce headwinds

Business|Economy|Environment|Political|World

Oil prices fall as market awaits possible US-Iran ceasefire deal

Oil futures fell nearly 2% on Friday and were on track for their steepest weekly decline since early April after reports that the U.S. and Iran had reached agreement on a potential ceasefire extension.Brent crude futures for July, which expire today, were down $1.66, or 1.77%, at $92.05 a barrel by 1059 GMT. The more active August contract was down $1.63, or 1.76%, at $91.07. WTI U.S. oil futures were down $1.55, or 1.74%, at $87.35. The Brent benchmark has plunged by about 11% this week for its steepest weekly decline since the week ending April 6. WTI, meanwhile, has dropped by nearly 10%

Health|Science|Travel|World

Hantavirus-exposed cruise passengers may soon be allowed to return home but must remain under 24/7 watch

The US government is prepared to allow American passengers who were exposed to a unique strain of hantavirus to return home as early as Monday, provided their states post a monitor outside their homes 24/7 for the remaining three weeks of their six-week quarantine.It could be a police officer or a public health worker, according to two of the passengers now in quarantine in Nebraska, who participated in a video call with government officials Thursday. The passengers, who asked not to be named for fear of retaliation, said the purpose of the call was to explain the logistics of how they could r

NATO members condemn Russia after drone slams into Romania apartment building, wounding two

Haiti heads to the World Cup, bringing rare unity to a country beset by crisis

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Crime|Health|Political|World

6 protesters arrested after clash with ICE officers outside a New Jersey detention center

Crime|MidEast|Political|World

Israeli and Russian forces added to UN blacklist for sexual violence in conflict zones

An annual United Nations report documenting sexual violence in conflicts worldwide has included Israeli forces for the first time since the review began more than 15 years ago for their treatment of Palestinian detainees

Crime|Europe|Political|World

NATO members condemn Russia after drone slams into Romania apartment building, wounding two

Business|Economy|Political|Travel|World

Mullin plan to punish sanctuary jurisdictions by targeting their airports faces fierce headwinds

Economy|MidEast|Political|World

Iran promises ‘utter ruin’ if war restarts. Here’s what could happen if diplomacy fails

Business|Economy|Science|Technology

For the third time this month, a chip giant has joined the $1 trillion club

Look of the Week: New York City Mayor Zohran Mamdani celebrates Eid in an Arsenal-themed outfit

Business|Economy|Environment|Science|Technology

Blue Origin rocket explodes on the launch pad during an engine-firing test

A rocket belonging to Jeff Bezos' Blue Origin has exploded during a test at the launch pad

Arts|Education|Political

As America celebrates its 250th, Smithsonian leader Lonnie Bunch treads a fine political line

‘It’s insulting’: Ferrari fans have given their verdict on its first electric car, and it’s not good

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