NEW YORK (AP) - Oil prices leaped 7.3% on Wednesday, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control. The S&P 500 fell 1.5% after swinging sharply between gains and losses . The Dow Jones dropped 1,153 points, or 2.2%, and the Nasdaq composite slumped 1.7%.
COLUMBIA, S.C. (AP) – Sen. Lindsey Graham returned for the last time Wednesday to South Carolina, where powerful friends remembered him as someone who never stopped working for the state he loved. Graham was eulogized Tuesday in the nation’s capital as an indefatigable dealmaker by the president.
KUMAMOTO, Japan (AP) – Soldiers and emergency workers combed through a badly damaged shopping mall and collapsed houses looking for trapped survivors Wednesday after a powerful earthquake that killed at least 18 people, including a foreigner, in southwestern Japan.
Meta Platforms said Wednesday its second-quarter profit declined even as revenue beat Wall Street’s expectations, as legal expenses and severance costs for recent layoffs weighed on its results. The Facebook and Instagram parent company earned $15.85 billion, or $6.18 per share, in the April-June period.
Elon Musk’s company xAI has sued Minnesota over the state’s first-in-the-nation law that bans “nudification” technology on websites and apps, potentially providing a test for how far states can go in constitutionally regulating the use of artificial intelligence.
Starbucks shares soared Wednesday after the coffee giant reported better-than-expected quarterly revenue and profit and raised its financial outlook for the year.
WASHINGTON (AP) – Dr. Anthony Fauci on Wednesday repeatedly invoked the Fifth Amendment and declined to answer dozens of questions from senators in a Republican-led committee hearing about his handling of the COVID-19 pandemic.
Dr. Anthony Fauci on Wednesday invoked the Fifth Amendment and declined to answer questions from senators in a Republican-led committee hearing about his handling of the COVID-19 pandemic.
LONDON (AP) – British Prime Minister Andy Burnham pledged Wednesday that he will succeed where decades of predecessors have failed and fix a “broken” social care system built on an overstretched public sector and profit-making private firms.
WASHINGTON (AP) – Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting. The Conference Board said Tuesday that its consumer confidence index fell to 90.8 in July from 92.2 in June. That’s essentially the same tepid range its been in since the beginning of the year. I
















































































































































