The Federal Reserve is expected to raise interest rates today, its first hike since 2023 The Fed wraps up its two-day meeting this afternoon, and traders now see a rate increase as far more likely than a hold, a reversal driven by surging energy prices. Full story → · 3 sources
Wall Street slides for a third session as Treasury yields and oil prices climb Stocks fell again on Tuesday as investors weighed higher bond yields, rising oil prices, and caution ahead of the Fed's decision, while AI-linked and crypto stocks led the retreat. Full story → · 4 sources
Diplomacy and military activity continue across the Gulf and Red Sea region A Pentagon watchdog report detailed the strain of the months-long conflict involving Iran, even as Oman brokered a new understanding on the Strait of Hormuz and regional diplomacy continued. Full story → · 2 sources
Europe deepens support for Ukraine as Iceland votes against reopening EU membership talks The European Commission approved fresh billions in defense funding for Ukraine, while Icelandic voters narrowly rejected restarting the country's bid to join the European Union. Full story → · 2 sources
China's economy reaches a pivotal point as officials weigh more stimulus Fresh data on industrial production and consumer spending are shaping how much additional economic support Chinese officials decide to deploy through the end of the year. Full story → · 1 sources
AI regulation debate intensifies in Washington after Anthropic CEO calls for a slowdown A weekend essay from Anthropic's chief executive warning about fast-moving AI agents has sharpened a growing debate in Washington over whether the industry needs new guardrails. Full story → · 2 sources
Supreme Court blocks mail-in voting order as midterm season heats up The Supreme Court blocked an administration order that sought to restrict mail-in voting, even as political attention turns to the approaching midterm elections and new campaign promises. Full story → · 2 sources
Pennsylvania's measles outbreak nears 700 cases as officials urge vaccination State health officials report the outbreak has spread across 38 counties, with more than 130 hospitalizations and multiple deaths, almost all involving unvaccinated people. Full story → · 1 sources