NEW YORK (AP) - U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation. The S&P 500 slumped 1.2% Wednesday. The Dow Jones Industrial Average went from a gain of 0.5% in the morning to a drop of 1%, while the Nasdaq composite sank 1.3%. Treasury yields climbed.

SAN JUAN, Puerto Rico (AP) – Thousands of Puerto Ricans are struggling with water shortages so severe that the governor of the U.S. territory has activated the National Guard and emergency responders are fielding calls every day.

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NEW YORK (AP) – Sitting among a pint-raising crowd at a Manhattan soccer bar on the first day of the World Cup, George Carson described himself as a huge soccer fan who hopes to catch all 104 games of the global tournament.

WASHINGTON (AP) – President Donald Trump on Wednesday derailed the confirmation process of his own nominee to head the nation’s intelligence agencies, an extraordinary move that upended Senate efforts to renew a crucial surveillance program that expired last week and fueled fresh tensions with fellow Republicans on Capitol Hill.

SANTO DOMINGO, Dominican Republic (AP) – The Dominican government said Thursday that it plans to increase or implement new taxes to generate some $800 million in additional revenue a year to offset a surge in oil prices blamed on the Iran war.

Excerpts from recent editorials in the United States and abroad:

SAN JUAN, Puerto Rico (AP) – The U.S. government on Thursday announced sanctions against Cuba’s state-owned oil and gas company in a move some experts say will only deepen the island’s crises and hit vulnerable Cubans the hardest.