Possible hostage situation underway at Southern California bank

Authorities were engaged in a possible hostage situation Tuesday afternoon at a bank in the Southern California city of Bakersfield. Bakersfield police said in a social media post that “a confirmed bomb threat” was taking place at a Chase bank branch downtown. “Please stay out of the downtown area,” police said. “Road closures are in … Read more

Fed unlikely to cut interest rates until second half of 2027, Bank of America says

Bank of America predicts the Federal Reserve will delay lowering interest rates until the second half of 2027, mainly due to strong inflation and resilient job growth. Bank of America Global Research had previously penciled in two rate cuts this year in September and October. That view was partly based on the expectation that Kevin Warsh, … Read more

Boy, 14, shot dead by Israeli settlers in West Bank amid escalation in violence

AL-MUGHAYYIR, OCCUPIED WEST BANK – A boy’s blood still stained the sidewalk in front of his school, days after an Israeli settler shot him dead. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Aws al-Nasaan, 14, was gunned down in broad daylight last week at his school, in … Read more