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Federal Reserve Chairman Jerome Powell put a damper on the bull market, saying a December interest rate cut was not a “foregone conclusion” as the divided central bank tries to operate with limited visibility. Stocks fell from Wednesday’s highs following the start of Powell’s post-meeting press conference. The Dow Jones Industrial Average closed 74 points, or 0.2% lower, after rising as much as 0.7% at the day’s high. The S&P 500 index was little changed after rising 0.4% last time. The Nasdaq Composite Index alone rose 0.6% as investors awaited after-hours mega-cap results. Investors had widely expected a quarter-point rate…

Ukraine said its military had destroyed three main fuel lines near the Ramensky area.At least nine people were killed and many injured in air attacks blamed on Russian air raids across Ukraine.Authorities in Ukraine’s Dnipropetrovsk region said Sunday that a Russian air raid that set a store on fire on Saturday killed four people, including two children aged 11 and 14.Recommended stories list of 3 itemsend of listUkrainian officials also said Russian warplanes bombed a number of trucks and other vehicles in the southwestern Odesa region, killing two people and wounding three others.In Kherson Oblast, Russian forces launched drone, artillery…

Beijing — As the dust begins to clear over Thursday’s nearly two-hour meeting between Chinese President Xi Jinping and President Donald Trump at an air base in South Korea, it is clear that China’s leadership has racked up another victory in its tough strategy with the United States. The talks did not secure a broad trade deal, but rather a return to an uneasy ceasefire built on several agreements aimed at stabilizing relations as the two countries move toward unity. President Xi has promised to cut by 10% the 30% tariffs that President Trump imposed on new Chinese goods this…

Toothless Tottenham were booed as Chelsea won 1-0 at the Tottenham Hotspur Stadium thanks to a first-half goal from Joao Pedro, marking their fifth successive win over their London rivals.Unfortunately, Spurs, who could have moved up to second place with a win, have recorded the lowest expected goals (0.05xG) of any Premier League team this season, their lowest since Opta began collecting Premier League xG data in the 2012/13 season. Tottenham’s lack of creativity and brilliance once again proved to be a major problem in the second half, as the home fans showed their frustration throughout as they saw their…

Nvidia CEO Jensen Hwang is visiting South Korea for the first time in 15 years to announce new plans and deepen cooperation with major Korean technology companies such as Hyundai Motors, Samsung, SK, and Naver. During the 2025 APEC Summit this week, Nvidia and the South Korean government announced an expanded partnership to strengthen the country’s AI infrastructure and physical AI capabilities. The announcement came days after the United States signed technology agreements with Japan and South Korea, aimed at deepening strategic ties and fostering cooperation in emerging technologies such as AI, semiconductors, quantum computing, biotechnology and 6G. The South…

A close-up of a Starbucks branded paper bag on an outdoor picnic table at a park in Walnut Creek, California on May 19, 2024. Smith Collection/Gado | Archive Photos | Getty ImagesCoffee delivery has grown into a billion dollar business starbucks.The coffee giant announced Wednesday that its annual delivery sales exceeded a milestone for fiscal year 2025, which ends Sept. 30. In the company’s fiscal fourth quarter, delivery sales rose nearly 30% year over year, executives said.The growth in Starbucks’ delivery initiatives comes as the company’s broader U.S. operations embark on a turnaround. Starbucks reported flat U.S. same-store sales for…

Tokyo — Donald Trump and Sanae Takaichi looked more like old friends than world leaders during their first meeting in Tokyo. There were smiles, pats on the back, hugs, and even a joke about being late because he was watching the Los Angeles Dodgers’ World Series game, led by Japanese megastar Shohei Ohtani. The US president received a Nobel Peace Prize nomination (on his second trip to Asia) and a golf putter previously owned by the late former Prime Minister Shinzo Abe, who famously bonded with President Trump on the greens. Their easy friendship continued at Yokosuka Naval Base, where…

Mohamed Salah scored his 250th goal for Liverpool as the reigning champions ended their losing streak with a 2-0 win over Aston Villa at Anfield.Salah’s goal just before the end of the first half put Liverpool on course for victory after losing their last four Premier League games, but returning Ryan Gravenbirch deflected a shot early in the second half to secure a point. Morgan Rodgers took advantage of Liverpool’s vulnerability and threatened to hit the post right in front of the Kop early on, but just before Villa had given them the lead, Hugo Ekitike’s goal was ruled out…

Reddit CEO Steve Huffman said AI chatbots are not a major traffic driver for the social platform, even though companies like OpenAI and Google have seen advances in people using AI for search. During Reddit’s Q3 2025 conference call, the executive said Google search and direct visits continue to be the biggest drivers of traffic. “[Chatbots]are not a traffic driver right now. I think our relationships with the companies that we work with or work with directly are healthy. And we’ve really started to understand the value of Reddit’s data over the last few years and how each product can…

Microsoft Chairman and CEO Satya Nadella (left) speaks with OpenAI CEO Sam Altman, who joined by video, during the Microsoft Build 2025 conference on May 19, 2025 in Seattle, Washington. Jason Redmond | AFP | Getty Imagesmicrosoft Net income took a $3.1 billion hit in the first quarter due to the software company’s heavy investment in OpenAI.Microsoft said in its earnings report Wednesday that the decrease in earnings reflected “equity method investments,” resulting in a 41 cent decrease in earnings per share. Net income was $27.7 billion, or $3.72 per share, still up from $24.67 billion, or $3.30 per share,…