U.S. GDP Growth Slowed in Second Quarter of 2026
Gross domestic product grew at a slower rate in the second quarter and persistent price pressures are unsettling financial markets.
Markets Challenge Warsh’s Approach to Taming Inflation
Kevin M. Warsh has made controlling inflation the top priority of his tenure as Federal Reserve chairman. But his hesitancy to embrace the possibility of higher borrowing costs has sparked a backlash.Traders on the floor of the New York Stock Exchange as a screen broadcasts a news conference by Fede
Fed’s Preferred Inflation Gauge Eased During Pause in Iran War
Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.Ships transiting through the Gulf of Oman on Saturday. After a brief truce, fresh fighting in the region this month could cause U.S. inflation to rise
A ‘Credibility Shock’ Looms Over the Fed
Bonds sold off sharply after the Federal Reserve’s latest rate decision, signaling growing turmoil between the markets and the central bank.The markets have reacted strongly to the news conference given by Kevin Warsh, the Fed chairman.
How the War With Iran Is Widening, and U.S. Hospitals See a Surge of Uninsured Patients
Plus, the horrendous smell plaguing one Canadian town.The United States is again exchanging strikes with Iran, just days after the president appeared to reject plans to escalate.
Attack on Egyptian Port Shows Suez Canal’s Vulnerability
The port where the Wednesday strike occurred is near the Suez Canal, through which a significant amount of the world’s shipping moves.Ships in the Suez Canal last year. About 10 percent of seaborne trade goes through the waterway, according to the Suez Canal Authority.
U.S. Sees Iran as Likely Behind Cyberattack on Minnesota Water Systems
Investigators cautioned that the assessment was preliminary. There were no indications that any water supply had been rendered unsafe to drink.Dozens of municipal water systems in Minnesota were the targets of a cyberattack this week.
After Obamacare Cuts, Hospitals Are Treating More Uninsured Patients
More people who lost coverage after congressional Republicans ended enhanced federal subsidies are now seeking care in emergency rooms and unable to pay bills.Major hospitals have expressed growing concerns about the significant decrease in paying patients.
Bipartisan Anger Grows at Pentagon’s Delayed ‘Forever Chemicals’ Cleanups
Hundreds of bases are contaminated with PFAS, which are linked to low birth weight and other risks. Politicians from both parties are demanding explanations.A burned airplane fuselage used in firefighting exercises at Cannon Air Force Base in New Mexico, a PFAS-contaminated site.
NATO Says Russian Missile Hit Poland During Ukraine Attack
Russian missiles have briefly entered Polish airspace in the past. Investigators have yet to definitively identify the object that struck overnight.Emergency services on Thursday at the site where an object landed near Lublin, Poland.
Russia Strikes Ukraine With Missiles and Drones, Killing at Least 8
President Volodymyr Zelensky of Ukraine said five members of a family had been killed in the latest large-scale aerial assault by Moscow.In Lviv, western Ukraine, on Thursday morning, at the site of a Russian missile strike. The overnight attack pushed Russia’s use of ballistic missiles to a new mon
As China’s A.I. Gets Stronger, It Poses New Risks to Beijing
China’s A.I. rise is creating a new dilemma for Beijing. The open models that win influence abroad may pose risks to the country’s security and geopolitical strategy.The Chinese leader Xi Jinping opening the World A.I. Conference in Shanghai, China, in July. Even as China supports openness in A.I.,
China, Its Economy Stumbling, Signals Only Cautious Support
The ruling Politburo called for “more proactive” tax and spending policies but did not endorse broad action to address weak consumer spending.Production at a factory in Ninghai, China, in July.
A.I. Data Centers in Space? A System to Cool Chips Could Help.
Researchers at Caltech and Sophia Space, a start-up, have developed a technology using solar power to prevent computer equipment from overheating in orbit.Small solar arrays, like those on the International Space Station, are already used in space, but A.I. data centers would require substantially m
Wildfires in Greece Kill 3 Firefighters as Blazes Still Burn in France and Spain
Greece also worked to contain blazes on Lesbos and in the Peloponnese, where another firefighter died, in the midst of a brutal wildfire season for Europe.Wildfires on the island of Crete in Greece on Wednesday.
As Wildfires Plague Europe, Scotland Races to Save a Cherished National Park
As Europe’s climate warms, even moorlands and forests in the Cairngorms, in the Scottish Highlands, have fallen victim to rapidly spreading flames.Land charred by the Cairngorm wildfire in Aviemore, Scotland, on Tuesday.
Wildfire in Suffolk, UK, Breaks Out a Few Miles From Nuclear Power Station
A large fire engulfed almost 250 acres of land in Suffolk, a scenic area on the coast. It was a few miles from a nuclear power station.A drone view of smoke from a wildfire on Thursday on Dunwich Heath in Suffolk, England.
European Wildfires Amplified by Emptying Countryside and Fewer Farms
A warming planet and a shift away from farming have set the stage for larger fires on the continent. “We must learn to coexist with them,” one report said.Wildfire smoke from a fire burning west of Bordeaux, France, on Tuesday. The giant blazes in France and Spain are their largest on record.
Rescue Boat Crews Show Signs of Brain Injuries, but Coast Guard Isn’t Looking
Untreated and undiagnosed, the crews that save lives in the roughest seas face the relentless pounding of waves.
L.A. Warehouse Fire Leaves Behind Rats, Flies and an Unending Stench
The Boyle Heights neighborhood of Los Angeles is still dealing with the smell of rotting food and fears over possible toxins after a cold-storage facility burst into flames in June.The nearly 500,000-square-foot facility burst into flames on June 17, blanketing the neighborhoods of Boyle Heights and
Tossed Tuna and Furloughed Workers: Midtown’s ‘Frozen Zone’ Scrapes By
For nearly three weeks, restaurants and other small businesses in the shadow of the former Pfizer building were shut when the tower began to buckle.Restaurants, a hotel and many small businesses dot the stretch of 43rd Street that had remained closed for nearly three weeks after the former Pfizer bu
Work Halted at Another Office Conversion in Midtown Manhattan
The Department of Buildings ordered work to stop on certain floors at 750 Third Avenue. It’s the third conversion project to have work halted since one became dangerously unstable earlier this month.750 Third Avenue in Midtown Manhattan. Inspectors from the Department of Buildings stopped work at th
The Movies That Get Dancers on Their Feet
Savion Glover, Honey Balenciaga and other artists from the world of performance share their favorites, from era-defining musicals to art-house dramas.
What We Really Learned From the Fauci Hearing
Show trials are bad for democracy.