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Wall Street higher after inflation data and strong bank profits

NEW YORK (AP) - U.S. stocks ripped higher Wednesday following a shot of adrenaline from an encouraging update on U.S. inflation. Strong profit reports from Wells Fargo and other big U.S. banks also helped launch indexes to their best day in two months. The S&P 500 jumped 1.8%. The Dow Jones Industrial Average rallied 703 points, or 1.7%, and the Nasdaq composite leaped 2.5%.

Wildfires latest: dangerous conditions forecast

Millions of Southern Californians were on edge as winds began picking up during a final round of dangerous fire weather forecast for the region Wednesday where two massive blazes have killed at least 25 and destroyed thousands of homes.

Israel supplied Iran with centrifuges containing explosives

DUBAI, United Arab Emirates (AP) - Israel supplied Iran with centrifuge platforms containing explosives for its nuclear enrichment program, a top Iranian official has acknowledged for the first time, underscoring the sophistication of sabotage programs targeting the Islamic Republic.

Politics
Trump to create 'External Revenue Service' to collect tariff income

WASHINGTON (AP) - President-elect Donald Trump on Tuesday announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations.

Politics
UK inflation unexpectedly eases in December

LONDON (AP) - Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month. The Office for National Statistics said Wednesday that inflation, as measured by the consumer prices index, was 2.5% in the year to December.

Politics
Trump exploring options to "preserve" TikTok

Trump's pick for national security adviser, Florida Rep. Mike Waltz, said in an interview on Wednesday that the president-elect is exploring options to "preserve" TikTok.

Politics
Trump and Biden both claim credit for Gaza ceasefire deal

WASHINGTON (AP) - President Joe Biden and President-elect Donald Trump are both claiming credit for Israel and Hamas agreeing to a ceasefire deal in Gaza after the White House brought Trump’s Middle East envoy into negotiations that have dragged on for months.

Politics
Netanyahu: "Ceasefire deal not reached"

Israeli Prime Minister Benjamin Netanyahu's office says ceasefire deal with Hamas has still not been reached and that the final details were still being sorted out. That comes after multiple mediators had said Israel and Hamas agreed to a ceasefire in Gaza and the release dozens of hostages after more than 15 months of war.

Politics
Israel supplied Iran with centrifuges containing explosives

DUBAI, United Arab Emirates (AP) - Israel supplied Iran with centrifuge platforms containing explosives for its nuclear enrichment program, a top Iranian official has acknowledged for the first time, underscoring the sophistication of sabotage programs targeting the Islamic Republic.

WASHINGTON (AP) - Less than a week before President-elect Donald Trump is sworn into office, a report from special counsel Jack Smith is refocusing attention on the brazen steps he took to cling to power at the conclusion of his first term.