Billionaire Leon Black defends $158M paid to Epstein: 'I knew Jekyll. I didn't know Hyde'

WASHINGTON (AP) – Billionaire investor Leon Black said Friday that Jeffrey Epstein deceived him during a yearslong relationship in which he paid the disgraced financier $158 million, but insisted he committed no criminal wrongdoing as he appeared before the House Oversight Committee.

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

WASHINGTON (AP) – The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Donald Trump and his political party as midterm elections near.

US economy expanded at solid 2.1% pace January-March

WASHINGTON (AP) – The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth.

Editorials from The Washington Post, The Wall Street Journal, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

AI is plowing through the workplace. This new group wants to help people adapt.

WASHINGTON (AP) – America has been rushing into an artificial intelligence future without much of a plan to stop what could be catastrophic job losses.

Tech entrepreneurs seeking the next AI frontier are pivoting from chatbots to 'world models'

PROVIDENCE, R.I. (AP) – Computer scientist Louis Castricato was in his eighth year studying large language models – the artificial intelligence technology behind chatbots like ChatGPT and Claude – when he started to feel like he was hitting a dead end.

Snap sued over rape of minor who connected to adult attacker on Snapchat

The parents of a girl who was raped when she was 12 years old by an adult stranger she met on Snapchat have sued its parent company, Snap, and the attacker in Missouri state court.

Supreme Court ruling blocks thousands of lawsuits against Roundup weedkiller

WASHINGTON (AP) – The Supreme Court sided with the maker of Roundup weedkiller Thursday in a ruling expected to block thousands of lawsuits alleging it failed to warn people the product could cause cancer.

JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up successors for Dimon

NEW YORK (AP) – JPMorgan Chase promoted investment bankers Doug Petno and Troy Rohrbaugh to copresidents of the bank, elevating two additional potential contenders to succeed Jamie Dimon whenever the longtime CEO step downs from running the nation’s largest bank.