The U.S. military launched airstrikes and Iran retaliated following the crash of an Army helicopter, blamed on a collision with an Iranian drone near the Strait of Hormuz. President Donald Trump said Wednesday that Iran is taking “too long to negotiate a deal” and that “now they will have to pay the price.” A top Cuban diplomat meanwhile tells The Associated Press that Trump is waging “a war without bombs” as a pretext for military intervention, even though Cubans pose no threat. And Trump is expected to sign a bill providing $70 billion to support deporting a million people a year through the rest of his term.
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Technology stocks are continuing to fall, putting the S&P 500 on track for its first back-to-back drop in three weeks. The main measure of Wall Street’s health fell 0.6% early Wednesday. The Dow Jones Industrial Average lost 321 points, and the Nasdaq composite was down 0.8%. More drops for stocks swept up in the artificial-intelligence boom weighed on indexes. Super Micro Computer, which sells AI servers, sank 13.2% after saying it plans to raise $7 billion through stock sales. Treasury yields held relatively steady in the bond market after a report showed U.S. inflation in May was roughly what economists expected.
As US and Iran trade strikes, Trump says Tehran will 'pay the price' for stalled talks
Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Consumer prices rose 4.2% in May from a year earlier, the Labor Department said Wednesday, up from 3.8% in April and the third straight increase. On a monthly basis, prices rose 0.5% last month, after big gains of 0.6% in April and 0.9% in March.
Bill Gates has arrived at the Capitol to speak before a congressional panel investigating the Jeffrey Epstein files, becoming the latest powerful figure linked to the disgraced financier to testify. Gates said Wednesday he hoped his testimony would be helpful to the work of the House Oversight Committee to find justice for Epstein's victims. Committee members are slated to interview the billionaire Microsoft co-founder behind closed doors, as they've done with other witnesses. Republican committee chairman congressman James Comer requested Gates testify after he appeared multiple times in a trove of documents released by the Justice Department as part of its Epstein investigation. Gates has denied any knowledge of Epstein’s abuse of girls.
AP Wire
The United States has launched airstrikes against Iran, and Tehran fired back at countries in the region. The escalating attacks Wednesday threatened to derail efforts to end the war. U.S. President Donald Trump warned that Tehran would “pay the price” for stalled peace negotiations. Trump’s warning came hours after Bahrain, Kuwait and Jordan came under Iranian fire. It was the second time this week that back-and-forth strikes have tested a two-month ceasefire. Iran and Israel targeted each other on Monday. It was not clear what Trump’s comments would mean for Tehran.
Maine Sen. Susan Collins often boosts her popularity by keeping her distance from President Donald Trump. Collins has managed to stay close enough to benefit politically while maintaining an independent streak. This strategy has helped Collins survive Trump's frequent personal attacks and his primary endorsements that cost two of her Republican incumbent Senate colleagues their reelection. Collins also has kept winning reelection despite her seat remaining a key target for Democrats over the years. Collins' opponent, Graham Platner, faces several allegations that have complicated the race. But despite Trump's past criticisms, the president hasn't recently slammed Collins, recognizing the importance of maintaining GOP control in Congress.
Pope Leo XIV’s weeklong visit to Spain has brought him to a once-staunchly Catholic country that has long been in the throes of waning religio…
UMM AL-KHAIR, West Bank (AP) — As the FIFA World Cup gets underway on June 11, with Egypt, Iraq, Jordan, Qatar and Saudi Arabia among the Arab…
A man accused by Lebanese officials of being part of an Israeli intelligence plot took refuge in the Ukrainian Embassy in Beirut over two months ago. The current whereabouts of the man identified by Lebanese officials as Khaled al-Aydi are unknown. Al-Aydi, said to be a Palestinian refugee from Syria who also holds Ukrainian citizenship, was detained by Hezbollah in Beirut before the latest conflict with Israel began in March. He escaped during Israeli bombardments and sought refuge in the embassy. Lebanese authorities have requested his handover, but the embassy claims he is not there. The case highlights tensions between Hezbollah and Lebanese authorities.