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The S&P 500 and Nasdaq Composite closed at fresh record highs on Wednesday as investors continued piling into artificial intelligence-related technology shares, brushing aside another hotter-than-expected inflation report and growing expectations that the Federal Reserve may keep interest rates elevated for longer.The broad-based S&P 500 rose 0.58% to close at 7,444.25, while the Nasdaq Composite gained 1.2% to 26,402.34. Both indexes reached new intraday and closing highs during the session. In contrast, the Dow Jones Industrial Average fell 67.36 points, or 0.14%, to end at 49,693.20.Technology and semiconductor stocks led the rally despite inflation concerns weighing on much of the…

NEWYou can now listen to Fox News articles! Texas officials announced six illegal immigrants were found dead Monday inside a shipping container along the southern border, with officials pointing to extreme heat as the likely cause.The Webb County Medical Examiner’s Office confirmed three men, one woman and a 14-year-old boy were found dead at the Union Pacific Railyard in North Laredo.The sixth person has not yet been positively identified.Investigators said the deceased originated from Mexico and Honduras. Authorities have identified five of the six migrants, with hypothermia suspected as the cause of death. (KABB)TRUMP PULLS US OUT OF UN-LINKED MIGRATION…

By Lauren Krugel The Canadian Press Posted May 13, 2026 4:16 pm 1 min read Descrease article font size Increase article font size The chief executive of ATCO Ltd. says she does not share the concerns other business leaders have expressed around what an increase in the industrial carbon price would mean for Canada’s competitiveness. Nancy Southern says nobody wants to have extra costs imposed upon them, but the Canadian oil industry is “extraordinarily innovative” and can find ways to compete.She says the “energy superpower” that Canada is striving to become needs to be able to endure decades from now.…

Author Ahmed Barakat Author Ahmed Barakat Part of the Team Since Aug 2025 About Author Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation. Share Last updated:  May 13, 2026 Crypto traders are watching this week’s Trump China summit in Beijing for the next macro signal, with Bitcoin holding above $81,000 after defending $80,000, Ethereum at $2,250, and Solana near $95. The meeting is expected to address trade tensions, AI safeguards, Taiwan policy, and the Iran situation, and any sign of progress could reduce…

Last week I handed down the 2026-27 State Budget, which again shows Western Australia has the strongest economy in the nation.

Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, taking over the central bank at a time when President Donald Trump is pushing for lower interest rates even as fresh inflation data complicates the case for cuts.In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell, who has served in the top leadership position since 2018 and whose term will expire Friday.The Senate voted 54-45 to confirm Warsh, ending a monthslong saga that began in the summer of 2025 and included an extensive search for Powell’s successor. The…

The decision by five nations to boycott the song contest comes amid Israel’s genocide in Gaza.Five nations are boycotting Eurovision, citing Israel’s participation. Their action is against Israel’s war in Gaza and allegations of vote manipulation in the song contest.But why is it so important for Israel to take part? And is the competition’s future under threat?Presenter: Folly Bah ThibaultGuests:Steve Wall – Musician, actor and member of the Ireland Palestine Solidarity CampaignJonathan Hendrickx – Assistant professor in media studies at the University of CopenhagenOri Goldberg – Political commentatorPublished On 13 May 202613 May 2026Click here to share on social mediashare-nodesSharegoogleAdd…

NEWYou can now listen to Fox News articles! President Trump received a red-carpet welcome when he landed in Beijing on Wednesday, with a military honor guard, band and children waving American and Chinese flags ahead of high-stakes talks with Chinese President Xi Jinping.The ceremony also highlighted the bigger question around Trump’s return to China: whether this visit can yield more lasting progress than his 2017 trip, which featured major business announcements but was later followed by a sharp deterioration in U.S.-China trade relations.The meeting comes as trade tensions, the Iran war and disputes over Taiwan place new pressure on Washington…

NEWYou can now listen to Fox News articles! A talking head is off the Caitlin Clark train.The WNBA’s 2024 first overall pick and Rookie of the Year made her return to the hardwood Saturday after being limited to just 13 games last season, with a groin injury ending her second campaign.She dropped 20 points in what was a struggle from 3-point land, going 2-for-9 from deep, including missing a potential tying 3 in the game’s final seconds. Tyrone Johnson compared Caitlin Clark’s popularity to Jeremy Lin’s. (Trevor Ruszkowski | Brace Hemmelgarn/Imagn Images)Clark took the sports world by storm during her…

NEWYou can now listen to Fox News articles! A Tennessee police officer is being praised for his bravery after rushing into a home engulfed in flames earlier this month to rescue a mother and her two children.The Chattanooga Police Department said Officer Rogers arrived at the scene on May 1, reaching the house before firefighters.The Department stated that when Rogers arrived, he encountered a two-story structure with flames visible on the front door and the exterior and interior walls of a second-floor home. The fire was already extending into the attic space above.FROM PROM NIGHT TO HEROIC RESCUE: HIGH SCHOOL…