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NEW YORK (AP) - U.S. stocks sank as Wall Street kept punishing companies that could become losers in the AI revolution. A surprisingly discouraging update on inflation also hurt the market Friday, while oil prices climbed. The S&P 500 fell 0.4% and closed out just its second losing month in the last 10. The Dow dropped 1.1%, and the Nasdaq composite fell 0.9%.
ISLAMABAD (AP) – Pakistan and Afghanistan exchanged cross-border attacks overnight in a dramatic escalation of tensions that led Pakistan’s defense minister to say on Friday that the two countries are in a state of “open war.” Afghanistan launched an attack on Pakistan late Thursday, saying it was in retaliation for deadly Pakistani airstrikes on Afghan border areas Sunday.
ISLAMABAD (AP) – Pakistan’s military, backed by artillery and air power, struck more Afghan military installations deep inside Afghanistan overnight and into early Saturday, killing over 300 Afghan forces in dayslong border clashes, a government spokesman and officials said.
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.
MILAN (AP) – The United States is on top of the hockey world for the first time in nearly a half-century. No miracle needed.
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.
Not so fast, Paramount. After a long, tumultuous fight for Warner Bros. Discovery, the Hollywood giant has finally bested rival bidder Netflix but now faces a new challenge: Winning over regulators. The competition concerns are big. Paramount’s buyout of Warner Bros. would reshape Hollywood in a way that Netflix never threatened to do.
WASHINGTON (AP) – U.S. wholesale prices came in hotter than expected last month. The Labor Department reported Friday that its producer price index, which measures inflation before it hits consumers, rose 0.5% from December and 2.9% from January 2025. Economists had forecast a 0.3% increase for the month and 1.6% year over year.
NEW YORK (AP) – At least two retail customers pursuing tariff-related refunds have filed proposed class-action lawsuits in U.S. courts against companies that also sued to recoup costs from the import taxes the U.S. Supreme Court ruled President Donald Trump imposed without the legal authority to do so.
The United States and Israel launched an attack Saturday on Iran, with the first apparent strike happening near the offices of Supreme Leader Ayatollah Ali Khamenei. Iranian media reported strikes nationwide, and smoke could be seen rising from the capital. President Donald Trump that the U.S. had begun “major combat operations in Iran.”
Former President Bill Clinton is testifying Friday before members of Congress who are investigating convicted sex offender Jeffrey Epstein, answering for his connections to the disgraced financier from more than two decades ago. The closed-door deposition in Chappaqua, New York, will mark the first time a former president has been compelled to testify to Congress.
WASHINGTON (AP) – Former President Bill Clinton told members of Congress on Friday that he “did nothing wrong” in his relationship with Jeffrey Epstein and saw no signs of Epstein’s sexual abuse as he faced hours of grilling from lawmakers over his connections to the disgraced financier from more than two decades ago.
WASHINGTON (AP) – Former President Bill Clinton told members of Congress on Friday that he “did nothing wrong” in his relationship with Jeffrey Epstein and saw no signs of Epstein’s sexual abuse as he faced hours of grilling from lawmakers over his connections to the disgraced financier from more than two decades ago.
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