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Democrats test a new red state strategy: Back independents over their own nominees

NEW YORK (AP) - Democratic leaders, desperate to compete in red states where their party brand is toxic, are embracing something new this midterm season: not backing Democrats. In states like Nebraska and Alaska, Democratic officials are, in some cases, ...
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Latin American nationals deported by the US to Congo face an uncertain future

DAKAR, Senegal (AP) - It's an existence that Congo's president has described as "living the Congolese dream." For the 15 Latin Americans deported to the African nation under the Trump administration's widely criticized crackdown on migrants, it feels more ...
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FBI offers $200,000 reward to catch ex-Air Force specialist wanted on espionage charges in Iran

WASHINGTON (AP) - The FBI is offering a $200,000 reward for information leading to capture and prosecution of a former U.S. Air Force counterintelligence specialist who defected to Iran in 2013 and was later charged with revealing classified information ...
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America’s most powerful CEOs don’t have much to show from their China trip so far

By Laurie Chen and Casey Hall BEIJING/SHANGHAI, May 15 (Reuters) - With red-carpet treatment, selfies and culinary diplomacy, America's richest and most powerful executives - from Tesla's Elon Musk to Nvidia's Jensen Huang - sought to rekindle business ties with ...
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As Powell term ends, his legacy may be as much about courting Congress as monetary policy

By Howard Schneider WASHINGTON, May 15 (Reuters) - Federal Reserve Chair Jerome Powell's immediate predecessors knew how to "go big" in a crisis, steer a committee towards an interest rate decision, and oversee changes in central bank strategy, all parts ...
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Nasdaq, S&P 500 futures tumble as yields jump on inflation worries

May 15 (Reuters) - Futures tracking the Nasdaq and the S&P 500 tumbled more than 1% on Friday, with an AI-driven rally in U.S. stocks poised to stall, as Treasury yields jumped on concerns about higher inflation driven by ...
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Nvidia, retailer reports to shed light on AI boom, consumer spending

By Lewis Krauskopf NEW YORK, May 15 (Reuters) - Two themes critical to the U.S. stock market - the artificial intelligence boom and inflation-pressured consumer spending - will come under the microscope next week with earnings reports from semiconductor giant ...
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US debt load could undercut Warsh’s plan to shrink Fed balance sheet

By Howard Schneider WASHINGTON, May 15 (Reuters) - Incoming Federal Reserve chief Kevin Warsh's plans to shrink the U.S. central bank's "footprint" in financial markets could be constrained by the rising federal debt and potentially lost luster of U.S. Treasuries, ...
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Powell’s legacy at the Fed to be shaped by his misjudging inflation and standing up to Trump

WASHINGTON (AP) - When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps ...
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Takeaways from Fed chair Jerome Powell’s legacy

WASHINGTON (AP) - When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps ...
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Strike deadline nears for New York-area train system with 250,000 daily commuters

NEW YORK (AP) - North America's largest commuter rail system is facing a potential shutdown as a deadline nears to reach a deal with unionized workers to avert a strike. The Long Island Railroad that serves New York City's ...
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BOJ expected to raise rates to 1.0% in June, hike again in October-December

By Satoshi Sugiyama TOKYO, May 15 (Reuters) - The Bank of Japan will raise its key interest rate to 1.0% in June, nearly two-thirds of economists said in a Reuters poll, as it presses ahead with efforts to normalise monetary ...
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