Author: Leslie Stewart

Federal Reserve Chairman candidate Kevin Warsh said on Monday that the central bank must be largely independent of political influence, but must remain focused on its core goals.Follow CNBC’s live coverage of Kevin Warsh’s confirmation hearingIn remarks scheduled to appear before the Senate Banking Committee on Tuesday, Mr. Warsh expressed a firm commitment to fighting inflation, mentioning the labor market only once.”Simply put, the Fed’s independence depends primarily on the Fed,” the former central bank president said.Warsh’s talk also addressed familiar criticisms he has raised in recent years, namely that the Fed has repeatedly crossed boundaries and expanded into areas…

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The front page of Java Newspaper (L) and the front page of Jam Jam newspaper, which features a caricature of US President Donald Trump drowning in the Strait of Hormuz under the heading “Marine Bluff”, are on sale at newsstands in Tehran on April 13, 2026. Atta Kenare | AFP | Getty ImagesThe United States and Iran have intensified their war of words as the deadline for a fragile ceasefire approaches, with both sides raising the stakes for a second attempt at a peace deal. Mohammad Berger Ghalibaf, the speaker of Iran’s parliament, appeared to pick up steam on Tuesday…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingPresident Trump says extending ceasefire ‘unlikely’ as deal deadline approaches02:08to the nextThe FBI says it is investigating whether the disappearance and death of the scientist are related.01:30Shooting incident at tourist destination in Mexico00:59High school principal crowned prom king after stopping gunman01:12Inside Jeffrey Epstein’s ranch in New Mexico02:20FBI Director Kash Patel files $250 million lawsuit over article alleging excessive drinking01:20New details about Louisiana shooter’s mental health01:19A close call in the air, and the fear of bombs on the ship leaves leaflets in suspense.02:02Humanoid robot competes…

The US importers are: target to walmartthe Trump administration launched an insurance claims portal on Monday seeking more than $160 billion in tariff refunds following a February Supreme Court ruling.Hopes are high that the program will start smoothly, but companies and Wall Street analysts have tempered expectations that companies will issue refunds quickly.Trade lawyers have warned of bureaucratic hurdles, legal vulnerabilities and the possibility of a last-minute appeal by the Trump administration.”(Importers) are pessimistic that the government will make this easier. They expect the government to make it as difficult as possible to get refunds,” said Matthew Seligman, chief trade…

IE11 is not supported. For the best experience, please visit our site in a different browser.Take a peek at Macy’s 2026 Flower Show02:18Britain prepares to celebrate 100th anniversary of Queen Elizabeth II’s birth03:05’Days of Our Lives’ actor Patrick Muldoon dies at 5700:26Currently playingAn inside look at Jeffrey Epstein’s Zorro Ranch in New Mexico02:53to the nextRobots and humans compete in half marathon in China02:46Jenna Bush Hager meets former US president03:13Pope Leo XIV moves to end war of words with President Trump02:37Customs Refund Portal Launched: Who Is Eligible for a Refund?02:11Magnitude 7.5 earthquake hits Japan, tsunami warning issued00:36Louisiana man shoots and kills…

A cargo ship in the Gulf near the Strait of Hormuz, seen from northern Ras Al Khaimah, near the border with Oman’s Musandam administration, on March 11, 2026, during the United Arab Emirates, US-Israel conflict with Iran.Stringer | ReutersFifty days into the US-Israel war on Iran, tensions have risen again after clashes in the Gulf caused prolonged transport disruptions and called into question a fragile ceasefire that is set to expire this week.After a tumultuous weekend, U.S. President Donald Trump said U.S. and Iranian negotiators would resume talks in Islamabad, Pakistan, on Monday, but Iranian Foreign Ministry spokesman Esmail Bakaei…

Oil prices soared and stock futures fell Sunday evening as traders digested fresh tensions between the United States and Iran over the crucial Strait of Hormuz.Subscribe to read this story without ads Get unlimited access to ad-free articles and exclusive content.U.S. crude oil rose more than 7% to about $90 a barrel, while international Brent crude rose 5% to about $95 a barrel.S&P 500 futures fell nearly 0.8%, Nasdaq 100 futures fell 0.7% and Dow futures fell 500 points, or 0.7%. Russell 2000 futures fell 1.4%.Wholesale gas prices also rose more than 4%, and heating oil futures, a proxy for…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingHumanoid robot runs half marathon race faster than human world record00:26to the nextNew AI-generated video about Iran war spreads on social media, experts sound alarm03:2876-year-old loses $1.6 million in savings due to AI investment fraud04:57How ‘Slopagand’ AI videos could impact the war between the US and Iran04:15Inside a California retail store built and operated entirely by AI07:51New York City releases guidelines for use of AI in schools04:12Anthropic says its latest AI model is too powerful to release publicly05:58Social media trends show people are using…

Body camera footage of a Chicago police officer fatally shooting his partner last year was released Friday by a civilian oversight board.Subscribe to read this story without ads Get unlimited access to ad-free articles and exclusive content.Crystal Rivera, 36, a four-year veteran of the department, was shot and killed by Officer Carlos Baker on June 5 while chasing a suspect. Graphic video from a body camera shows Baker kicking in the apartment door, discovering another man with a firearm, and then saying “wait” and “ah” before backing away amid the sound of a single gunshot.Rivera’s body camera captured her running…