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Worries over military chopper routes, FAA staffing levels emerge as factors in midair crash inquiry
Long-standing concerns about military helicopters flying in crowded airspace and worries over short staffing among federal aviation workers emerged Thursday as key factors in investigators’ inquiry into the fatal midair crash between an Army helicopter and a commercial airliner earlier this year. During the second of t[...]
US enters 90-day negotiating period with Mexico as 25% tariffs stay in place
WASHINGTON (AP) — The United States will enter a 90-day negotiating period with Mexico over trade as 25% tariff rates stay in place, President Donald Trump said Thursday. Trump, posting on his Truth Social platform, said a phone conversation he had with Mexican leader Claudia Sheinbaum was “very successful in that, more[...]
Trump administration cancels plans to develop new offshore wind projects
The Trump administration is canceling plans to use large areas of federal waters for new offshore wind development, the latest step to suppress the industry in the United States. More than 3.5 million acres had been designated wind energy areas, the offshore locations deemed most suitable for wind energy development. The Bure[...]
Microsoft’s annual cloud revenue hits $75B, profit beats expectations
Microsoft said Wednesday that annual revenue for its flagship Azure cloud computing platform has surpassed $75 billion, up 34% from a year earlier. The Azure cloud business has been a centerpiece of Microsoft’s efforts to shift its focus to artificial intelligence, but until Wednesday the company hadn’t disclosed how[...]
NTSB finds Army chopper in fatal midair crash with plane was above altitude limit
Investigators probing the January midair collision of a passenger plane and an Army helicopter over Washington that killed 67 people found the chopper was flying higher than it should have been and its altitude readings were inaccurate. The details came out of the first day of National Transportation Safety Board hearings�[...]
Trump announces 25% tariff on India and unspecified penalties for buying Russian oil
WASHINGTON (AP) — The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald Trump said Wednesday. India “is our friend,” Trump said on his Truth Social platform, but its tariffs on U.S. products “are far too hig[...]
Trump imposes 50% tariffs on Brazil over Bolsonaro case
WASHINGTON (AP) — President Donald Trump signed an executive order Wednesday to impose his threatened 50% tariffs on Brazil, setting a legal rationale that Brazil’s policies and criminal prosecution of former President Jair Bolsonaro constitute an economic emergency under a 1977 law. Trump had threatened the tari[...]
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
WASHINGTON (AP) — The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed’s decision Wednesday leaves its key short-term rate at about 4.3%, where it has stood after the central bank made three cuts l[...]
China, U.S. eye tariff pause extension after talks
STOCKHOLM (AP) — The United States and China have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm concluded on Tuesday, according to Beijing’s top trade official. The U.S. side says the extension was discussed, but not decided. China’s internati[...]
U.S. job openings dip to 7.4M as market cools
WASHINGTON (AP) — Employers posted 7.4 million job vacancies last month, a sign that the American job market continues to cool. The Labor Department reported Tuesday that job openings in June were down from 7.7 million in May and were about what forecasters had expected. The Job Openings and Labor Turnover Survey (JOLTS) sh[...]
Union Pacific, Norfolk Southern seek 1st transcontinental railroad through massive merger
OMAHA, Neb. (AP) — Union Pacific is seeking to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S, and potentially trigger a final wave of rail mergers across the country. The proposed merger, announced Tuesday, would marry Union Pacific’s rail network in the West [...]
U.S., China begin new trade talks in Sweden
STOCKHOLM, Sweden (AP) — Top trade officials from China and the United States launched a new round of talks on Monday in a bid to ease tensions over tariffs between the world’s two biggest national economies. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were meeting at the offices of Swede[...]
