Author: Press Room

Construction work continues at the Marriner S. Eccles Federal Reserve building in Washington, DC, on Dec. 30, 2025.Brendan Smialowski | AFP | Getty ImagesUpdate: Fed votes to hold rates steady, notes ‘uncertain’ impacts from Iran warA hotter-than-expected wholesale inflation reading for February had traders contemplating the possibility that the Federal Reserve won’t be lowering interest rates at all this year.Following a Bureau of Labor Statistics report that the producer price index posted its biggest gain in a year, futures markets took any realistic chance of a cut off the table until at least December.Even then, odds of a reduction at…

NEWYou can now listen to Fox News articles! President Donald Trump issued a 48-hour ultimatum to Iran on Saturday, warning the U.S. would strike its power plants if the Strait of Hormuz is not reopened.”If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!” Trump said in a post on Truth Social.The president’s threat represents a notable escalation in rhetoric as tensions surge over the strategically vital waterway.Traffic through the Strait…

NEWYou can now listen to Fox News articles! A 25-year-old man has been arrested in connection with the death of a Loyola University Chicago student shot near campus Thursday by a masked gunman, the Chicago Tribune reported.The Tribune said it had obtained the arrest report and was not naming the suspect, who sources tell Fox News is a migrant from Venezuela.Sheridan Gorman, 18, of Westchester County, New York, was gunned down while taking a walk with friends shortly after 1:30 a.m. Thursday along Chicago’s lakefront.SLAIN LOYOLA CHICAGO STUDENT’S FAMILY FUMES OVER ‘MURDER,’ MANHUNT FOR MASKED GUNMAN IN ATTACK NEAR CAMPUS…

A motorcylist is in hospital with serious injuries after a crash in Welshpool on Saturday night.His black Yamaha motorcycle and a white Mitsubishi Outlander collided at the intersection of Orrong Road and Briggs Street about 6.50pm.The 32-year-old male was taken by ambulance to Royal Perth Hospital.The 23-year-old female driver of the Mitsubishi and her two passengers were not injured.Officers from WA Police’s major crash division are investigating the crash. Witnesses can make a report to Crime Stoppers online or by calling 1800 333 000.Dash-cam or mobile phone vision relating to this crash can be uploaded directly to investigators via this…

The Yemeni armed group says all options are on the table.As the US-Israeli war against Iran drags on, Yemen’s Ansar Allah, or the Houthis, have stayed out of the conflict.But that could change. They have said they consider themselves directly concerned and could take a position alongside Iran.The armed group has attacked Israel and shipping in the Red Sea in recent years. If a new front opens up, global trade could be further disrupted in another maritime gateway. Shipping is already largely halted in the Strait of Hormuz, causing significant losses worldwide.So, will the Houthis join the war? And what…

The following is the full transcript of the interview with International Atomic Energy Agency Director-General Rafael Grossi, a portion of which will air on “Face the Nation with Margaret Brennan” on March 22, 2026.MARGARET BRENNAN: And we’re joined now by the Director General of the IAEA, Rafael Grossi. It’s good to have you here.DIRECTOR GENERAL RAFAEL MARIANO GROSSI: Thank you. It’s good to be here.MARGARET BRENNAN: These are some very serious times, particularly for you and your portfolio. Can you explain to our audience, can Iran’s nuclear ambitions be destroyed through military action only?DIRECTOR GENERAL GROSSI: Well, of course, there…

NEWYou can now listen to Fox News articles! Air travelers are reacting with shock after a dead passenger’s body was reportedly stored in a heated galley for more than 13 hours on a long-haul flight, according to reports.A woman in her 60s died about an hour after takeoff on British Airways Flight BA32 from Hong Kong to London last Sunday, but the pilots continued on to Heathrow Airport instead of turning back, The Sun reported.A source told the outlet that the Airbus A350-1000’s galley had a heated floor, and by the end of the flight “there were claims that a…

NEWYou can now listen to Fox News articles! New York Giants running back Cam Skattebo apologized for a “lapse in judgment” after he said CTE was not real and asthma was “fake.”Skattebo appeared on the “Bring the Juice” podcast when he was asked if CTE was “a real thing,” and he replied that it was “an excuse.” He also implored “soft” asthmatics to “just breathe air.””I recently did an interview and had a lapse in judgment, which resulted in me making a tasteless joke about CTE and asthma. It was never my intention to downplay the seriousness of head injuries or…

When OpenAI first announced it was rolling out ads on ChatGPT, brands and agencies across Madison Avenue were eager to test the new format to figure out their artificial intelligence advertising strategies. The high-profile announcement, which was far more public than a typical “alpha” test of a new format, presented a massive opportunity. Three of the world’s largest ad agencies are part of the testing program, including WPP, Omnicom and Dentsu. So far, the test is moving too slowly to meet the hype, according to multiple ad industry sources who spoke on condition of anonymity in order to discuss the details.The…

February consumer price data to be released on Wednesday will shape the Reserve Bank’s thinking on interest rates ahead of a crucial meeting in May.