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WATCH: Warsh says 'inflation is too high' after Fed raises interest rate 1st time in 3 years

By Christopher Rugaber, Associated Press

The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans, and credit cards.

Tech CEOs call for AI regulation. Trump and Congress are not rushing to act

By Steven Sloan, Mary Clare Jalonick, Associated Press

The technology industry's increasingly urgent warnings about the potential harm of artificial intelligence are slamming into political intransigence in Washington, offering a fresh test of the federal government's willingness and ability to confront what may become a defining issue of…

WATCH: Senate Democrats block cryptocurrency bill, demanding more limits on Trump's investments

By Mary Clare Jalonick, Associated Press

The 49-50 vote on whether to move forward with the legislation was a pivotal election-year test for the $2.3 trillion cryptocurrency market as the industry has pushed aggressively for a uniform set of rules.

Trump pushes back as AI leaders fuel calls to rein in rapidly advancing technology

By Amna Nawaz, Jackson Hudgins, Amalia Huot-Marchand

President Trump rejected calls for greater oversight of artificial intelligence despite the dire warnings of some in the industry. The president's pushback comes after Anthropic CEO Dario Amodei published an essay arguing for a slowdown across leading AI companies, warning…

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Amazon suspends use of 21 Air, the cargo carrier whose plane careened off Miami runway and killed 5

By Associated Press

The North Carolina carrier had flown packages for Amazon since 2024.

Saudi oil pipeline hit in strikes will be mostly out of service for several weeks

By Samy Magdy, Associated Press

The developments further strain Saudi Arabia's effort to get its oil to market while avoiding the Strait of Hormuz, the choke point at the mouth of the Persian Gulf where Iranian attacks have stifled shipping.

What to know about recent dire AI predictions and calls for safeguards

By Alex Veiga, Associated Press

New warnings from within the artificial intelligence industry have revived a long-running debate over whether advanced AI could escape human control and ultimately threaten humanity’s survival, and whether the companies developing the technology are doing enough to prevent such a…

Trump says he's lifting 10% tariff on Irish whiskey because 'everybody's been bugging me'

By Darlene Superville, Jill Lawless, Associated Press

President Donald Trump announced in April that he was lifting certain tariffs on U.K. whiskey, which includes Scotch and spirits made in Northern Ireland, creating an imbalance with Ireland.

Trump calls on Ukraine to halt strikes on Russian diesel fuel, saying attacks are causing a shortage

By Associated Press

Ukraine has for months been targeting Russia’s oil and gas industry with long-range strikes, prompting fuel rationing across the country and causing Moscow to ban diesel exports in July, one factor disrupting the global supply of diesel.

U.S. diesel prices soar past $6 a gallon, deepening strain for hauling everyday goods

By Wyatte Grantham-Philips, Associated Press

Diesel prices in the U.S. hit yet another record on Friday, soaring past $6 a gallon on average as Washington’s war with Iran disrupts the world’s flow of fuel.