Kevin M. Warsh has made controlling inflation the top priority of his tenure as Federal Reserve chairman. But his hesitancy to embrace the possibility of higher borrowing costs has sparked a backlash.Traders on the floor of the New York Stock Exchange as a screen broadcasts a news conference by Fede
Gross domestic product grew at a slower rate in the second quarter and persistent price pressures are unsettling financial markets.
Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.Ships transiting through the Gulf of Oman on Saturday. After a brief truce, fresh fighting in the region this month could cause U.S. inflation to rise
Bonds sold off sharply after the Federal Reserve’s latest rate decision, signaling growing turmoil between the markets and the central bank.The markets have reacted strongly to the news conference given by Kevin Warsh, the Fed chairman.
Plus, the horrendous smell plaguing one Canadian town.The United States is again exchanging strikes with Iran, just days after the president appeared to reject plans to escalate.
Iran-aligned militias in Iraq were under growing pressure to disarm, but the latest strikes may embolden them to get more deeply involved in the war.Mourners carried a coffin draped in the Iranian flag during a funeral for those killed in airstrikes on bases belonging to Iraq’s Popular Mobilization
As the war with Iran has continued, some are finding that the stress is bringing back old anxieties.Mental health counselors say they are attending to more military families who are reporting stress and anxiety about a conflict that has taken the lives of at least 18 service members and wounded more
More people who lost coverage after congressional Republicans ended enhanced federal subsidies are now seeking care in emergency rooms and unable to pay bills.Major hospitals have expressed growing concerns about the significant decrease in paying patients.
Hundreds of bases are contaminated with PFAS, which are linked to low birth weight and other risks. Politicians from both parties are demanding explanations.A burned airplane fuselage used in firefighting exercises at Cannon Air Force Base in New Mexico, a PFAS-contaminated site.
Russian missiles have briefly entered Polish airspace in the past. Investigators have yet to definitively identify the object that struck Poland overnight.Emergency services at the site where an object landed near Lublin, Poland.
President Volodymyr Zelensky of Ukraine said that a family of five had been killed at home in the latest in a series of large-scale aerial assaults by Moscow.In Lviv, western Ukraine, on Thursday morning, at the site of a Russian missile strike. The overnight attack pushed Russia’s use of ballistic
China’s A.I. rise is creating a new dilemma for Beijing. The open models that win influence abroad may pose risks to the country’s security and geopolitical strategy.The Chinese leader Xi Jinping opening the World A.I. Conference in Shanghai, China, in July. Even as China supports openness in A.I.,
The ruling Politburo called for “more proactive” tax and spending policies but did not endorse broad action to address weak consumer spending.Production at a factory in Ninghai, China, in July.
Researchers at Caltech and Sophia Space, a start-up, have developed a technology using solar power to prevent computer equipment from overheating in orbit.Small solar arrays, like those on the International Space Station, are already used in space, but A.I. data centers would require substantially m
Greece also worked to contain blazes on Lesbos and in the Peloponnese, where another firefighter died, in the midst of a brutal wildfire season for Europe.Wildfires on the island of Crete in Greece on Wednesday.
As Europe’s climate warms, even moorlands and forests in the Cairngorms, in the Scottish Highlands, have fallen victim to rapidly spreading flames.Land charred by the Cairngorm wildfire in Aviemore, Scotland, on Tuesday.
A warming planet and a shift away from farming have set the stage for larger fires on the continent. “We must learn to coexist with them,” one report said.Wildfire smoke from a fire burning west of Bordeaux, France, on Tuesday. The giant blazes in France and Spain are their largest on record.
Untreated and undiagnosed, the crews that save lives in the roughest seas face the relentless pounding of waves.
The Boyle Heights neighborhood of Los Angeles is still dealing with the smell of rotting food and fears over possible toxins after a cold-storage facility burst into flames in June.The nearly 500,000-square-foot facility burst into flames on June 17, blanketing the neighborhoods of Boyle Heights and
For nearly three weeks, restaurants and other small businesses in the shadow of the former Pfizer building were shut when the tower began to buckle.Restaurants, a hotel and many small businesses dot the stretch of 43rd Street that had remained closed for nearly three weeks after the former Pfizer bu
The Department of Buildings ordered work to stop on certain floors at 750 Third Avenue. It’s the third conversion project to have work halted since one became dangerously unstable earlier this month.750 Third Avenue in Midtown Manhattan. Inspectors from the Department of Buildings stopped work at th
Savion Glover, Honey Balenciaga and other artists from the world of performance share their favorites, from era-defining musicals to art-house dramas.
Show trials are bad for democracy.
Aging politicians are just the “tip of the iceberg.”
