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Trump's failed strong-arming of allies on Iran shows pressure is losing its effect
US Knew Israel Would Strike Iranian Gas Field
US National Debt Surges Past $39 Trillion
Trump's tariffs hurting American manufacturers instead of helping them
US wholesale prices rose by a surprisingly hot 3.4% last month
NEW YORK (AP) - U.S. stocks slumped after a report said inflation was primed to worsen even before the war with Iran sent oil prices spiking. The S&P 500 fell 1.4% for its first loss this week. The Dow Jones Industrial Average dropped 1.6%, and the Nasdaq composite slid 1.5%. Treasury yields climbed in the bond market, which in turn hurt the price of gold.
The U.S. counterterrorism official who resigned Tuesday had been a staunch supporter of President Donald Trump through his 2020 election defeat, the Jan. 6 riots and years of conservative media advocacy and failed congressional bids. But Trump’s war in Iran and his alliance with Israel against the Islamic clerics who led the Tehran government were too much for Joe Kent.
WASHINGTON (AP) – President Donald Trump said Tuesday NATO and most other allies have rejected his calls to help secure the Strait of Hormuz, grousing that he has been unable to rally support behind his war of choice in Iran that he insists he’s conducting for the good of the world, even if it doesn’t appreciate his effort.
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VERONA, Italy (AP) – The Milan Cortina Olympics ended Sunday with a closing ceremony paying tribute to Italian dance and music inside the ancient Verona Arena, roughly mid-distance between the far-flung mountain, valley and city venues that made these the most spread-out Winter Games in Olympic history.
Hockey
MILAN (AP) – The United States is on top of the hockey world for the first time in nearly a half-century. No miracle needed.
Sport
LIVIGNO, Italy (AP) – By taking chances, Eileen Gu is building a sport. She’s winning medals. Yet on a sunny Sunday at the Olympics where she defended her title on the halfpipe, maybe the best prize of all was knowing her grandma would be proud.
Federal Reserve could signal no interest rate cuts this year in wake of Iran war
Nation's largest retail group forecasts 4.4% gain in retail sales for this year
First lease sale in Alaska petroleum reserve in years draws strong interest
Jet fuel prices and airfares are rising. Travelers are still booking flights.
Politics
WASHINGTON (AP) – U.S. wholesale prices came in hotter than expected in February, driven partly by a sharp increase in food costs. The Labor Department reported Wednesday that its producer price index – which measures inflation before it hits consumers – rose 0.7% from January, and 3.4% from February 2025. The year-over-year increase was the most since February 2025.
Politics
WASHINGTON (AP) – The national debt surpassed a record $39 trillion on Wednesday, a milestone that comes just weeks into the U.S.-Israeli war in Iran. The unprecedented figure highlights competing administration priorities, from passing a massive tax law and boosting defense spending and immigration enforcement to chipping away at the debt itself.
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NEW YORK (AP) – Macy’s reported stronger-than-expected profits in the crucial fourth-quarter and comparable sales rose again. The department store said an overhaul of its merchandise and improved customer service led to more spending by shoppers.
Politics
The United States was informed about plans for an Israeli strike on Iran’s massive offshore South Pars natural gas field Wednesday but did not take part in it, according to a person familiar with the matter who was not authorized to comment publicly and spoke on condition of anonymity.
Politics
WASHINGTON (AP) – The national debt surpassed a record $39 trillion on Wednesday, a milestone that comes just weeks into the U.S.-Israeli war in Iran. The unprecedented figure highlights competing administration priorities, from passing a massive tax law and boosting defense spending and immigration enforcement to chipping away at the debt itself.
Politics
PARIS (AP) – We’ve long had your back, now it’s our turn. That is how the famously transactional U.S. President Donald Trump is framing his demands that allies help him with the Iran war. He wants to call in IOUs for decades of U.S. security guarantees.
COLUMBIA, S.C. (AP) – More than three decades after Lindsey Graham first arrived in Washington, he has everything he could ever want. The senator has President Donald Trump’s ear, a war in Iran and a well-funded path to reelection in his home state of South Carolina.
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