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Virginia congressman's staffers attacked; one year after racially motivated shooting, Buffalo searches for healing; American-Colombian singer Kali Uchis talks fame, performing and intentions.
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Business InsiderWhy the Fed won't cut rates until December, according to Bank of America
"We think the Fed can be patient," Bank of America economists wrote in new research.
- Reuters
Hedge fund study on U.S. Treasury issuance fuels debate
A hedge fund study that said the U.S. Treasury last year effectively provided economic stimulus by moderating long-dated bond sales has sparked a debate in the bond market and a denial from the U.S. Treasury that said it was not aiming for such an effect. The U.S. Treasury Department announced in November it would slow the pace of auction size increases of long-dated debt securities, a move that gave relief to bond markets rattled by previous increases in long-term debt supply. This led to a decline in 10-year Treasury yields equivalent to the economic stimulus that would be provided by a one percentage point reduction in the Fed's policy rate, according to a study published by Hudson Bay Capital Management.
- KHBS - Ft. Smith/Fayetteville Videos
Rogers marks two months since deadly tornadoes
The city is still working to clean up and move forward two months after tornadoes swept through Benton County.
- Yahoo Sports
2024 Paris Olympics: How to watch Katie Ledecky compete in swimming
Here's how to watch Katie Ledecky make a splash at the 2024 Summer Olympics.
- Business Insider
Your company's AI spending spree could cost you your job
Huge AI investments are costing some workers their jobs as companies change their spending priorities.
- Town & Country
Meet Team USA's Flagbearers for the Paris Olympics Opening Ceremony
LeBron James and Coco Gauff were selected by their fellow Olympians to serve as the flagbearers.
- The Daily Beast
Reality Star Who Ate Rare Bird Claims He’s Just the Fall Guy
The reality TV show contestant who killed and ate a rare bird while filming in New Zealand claimed that other contestants were “involved” in the scandal that got him booted from the competition.“Other teams were aware and were present and involved in this whole thing,” 26-year-old Spencer ‘Corry’ Jones, who appeared in the U.S. survival competition Race to Survive: New Zealand, told RealityTea in an interview published July 9—a day after the episode in which Jones was disqualified aired.Jones, a
- People
Mom of 3 Dies After Being Hit by Car Near Mississippi Restaurant: ‘Truly Heartbroken’
"Her legacy of kindness will live on through the countless lives she touched," read a GoFundMe description of Marcie Errington
- BBC
How 'El Mayo' Zambada was arrested in the US after 35 years
The last of an original generation of drug cartel leaders, the Sinaloa boss evaded authorities for decades. Until now.
- Reuters
Yellen: Emerging markets share concerns on China's excess factory capacity
U.S. Treasury Secretary Janet Yellen said on Friday that emerging markets, including some G20 countries, share her concerns about China's excess industrial capacity and should press Beijing to change its economic model. Yellen told Reuters in an interview that the concerns about China overinvesting in factories and flooding the world with cheap goods extends well beyond the wealthy G7 democracies to countries including G20 host Brazil, which has raised tariffs on Chinese steel and electric vehicles. Yellen said that China is not taking advice from other countries and the International Monetary Fund to revive its economy with measures to increase consumer spending and demand for services.
- KNXV - Phoenix Scripps
VP Harris narrows Trump lead in Arizona
Vice President Kamala Harris has narrowed her lead against former President Donald Trump in Arizona.
- United Press International
Ex-Mueller investigator Peter Strzok reaches settlement with DOJ over anti-Trump texts
The Justice Department on Friday settled a lawsuit with former FBI agent Peter Strzok who was fired from the bureau in 2018 over what he claimed was a violation of his privacy.
- Evening Standard
Liverpool vs Real Betis LIVE! Friendly match stream, latest score and goal updates today
Reds are in Pittsburgh for first game of Arne Slot era
- Reuters
G20 agrees to tackle taxation of the super-rich, but forum not yet decided
The first-ever joint declaration by G20 finance leaders vowing to cooperate on effectively taxing the world's largest fortunes on Friday papered over deeper disagreement about the right forum to advance the agenda. Finance ministers and central bankers from the Group of 20 major economies agreed to reference fair taxation of "ultra-high-net-worth individuals" in both their joint communique and a separate declaration on international tax cooperation on Friday. "We will seek to engage cooperatively to ensure that ultra-high-net-worth individuals are effectively taxed," said the final draft of the G20 ministerial declaration in Rio de Janeiro, seen by Reuters.
- The Canadian Press
Scores of wildfires are scorching swaths of the US and Canada. Here's the latest on some of them
LOS ANGELES (AP) — Scores of wildfires across the United States and Canada have scorched swaths of land in California, Oregon, Idaho, Alaska, Alberta and beyond, forcing evacuations and road closures, as well as destroying and threatening structures. Air quality advisorie s and alerts have been issued in some affected areas.
- BBC
Netanyahu says Israel to attend Gaza ceasefire talks
Israeli PM says he hopes Hamas sees there is "no daylight" between his country and the US after meeting Trump, Biden and Harris.
- People
J.D. Vance Says He Won’t Apologize to Childless Women over ‘Cat Ladies’ Comment But Has ‘Nothing Against Cats’
Vance told Megyn Kelly it was "obviously a sarcastic comment"
- The Canadian Press
Department of Fisheries untangles gear from humpback whale off B.C.'s coast
VANCOUVER — Fisheries and Oceans Canada says it has successfully untangled fishing gear on a humpback whale off British Columbia's coast that was first spotted by a ferry passenger.
- Reuters
Six banks settle European bond price fixing litigation in New York
Six banks including Bank of America and Citigroup agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig prices of European government bonds. A preliminary settlement with Bank of America, Citigroup, Jefferies, NatWest, Nomura and UBS was filed late Friday in Manhattan federal court, and requires a judge's approval. Investors led by three public pension funds accused the banks of having colluded, including in online chatrooms, to bid high prices at bond auctions to ensure a dominant market share, and then to sell the bonds at inflated prices to mutual funds, pension funds, insurers and other investors.
- KGTV - San Diego Scripps
ABC 10News Pinpoint Weather with Meteorologist Megan Parry
ABC 10News Pinpoint Weather with Meteorologist Megan Parry