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Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools
BOSTON | Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honoring his efforts to preserve the central bank’s independence. Speaking at the John F. Kennedy Presidential Library overlooking Boston Harbor, Powell called universities, courts, Congress and the […]
Trump is facing a new inflation warning from the bond market, adding to his midterm challenges
WASHINGTON | The world is getting more uptight about lending money to President Donald Trump’s government — causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November’s midterm elections. The energy price spike triggered by the Iran war has seeped into […]
Trump fumes after judge throws out Kennedy Center renovation plan, name change
WASHINGTON | President Donald Trump on Saturday branded the federal judge who blocked his renovation of the Kennedy Center as “an anti Trump Hater” and predicted that the nation’s premier performing arts center he wanted to shutter for a two-year overhaul will “soon be closed, probably never to open again.” In a lengthy post on […]
France’s parliament votes to repeal slavery-era Black Code, with tears and history in the chamber
PARIS | For nearly two centuries after France abolished slavery, the colonial-era law that classified humans as property has remained quietly on its books. On Thursday, the lower house of Parliament voted to wipe it from French law. The National Assembly voted 254-0 — a rare show of unanimity — to adopt a bill repealing […]
Gamification and memes lure young people to sports wagering apps, prediction markets
When Rory McIlroy won the Masters for the second year in a row, Kalshi shared a photo of him on Instagram with the words, “Wait he’s goated.” When a video of NBA player Damian Lillard recovering from an injury circulated online, Kalshi’s main competitor Polymarket posted, “The league is cooked.” If you don’t know what […]
Independent bookstores are multiplying, although many people still think they’re dying out
NEW YORK | Allison Hill, CEO of the American Booksellers Association, is used to strangers expressing sympathy when they learn what she does for a living. “It’s all so funny,” she says. “When I tell them I run the trade association for independent stores, they’ll say, ‘It’s just so sad that they’re disappearing.’ I don’t […]
When Sue Tilley met Lucian Freud, it changed her life. Now a painting of her could fetch $47 million
LONDON | Sue Tilley was working in an unemployment office when she met the artist Lucian Freud. The paintings he made of her in the 1990s are now among the most famous in modern art — and the most valuable. “Sleeping by the Lion Carpet,” regarded as one of Freud’s masterpieces, is going up for […]
As the United States turns 250, Americans still can’t get enough of French luxury
NEW YORK | At the pinnacle of the American cultural pyramid, one particular inspiration has echoed across the centuries through friendship and tension alike: France. The American love affair with French luxury goods and their cultural cachet and craftsmanship has spanned the younger country’s history, and a new exhibit explores the story of how these […]
Martina McBride, Morris Day among wave of cancellations at Trump-linked Freedom 250 concerts
NEW YORK | A day after the President Donald Trump -affiliated Freedom 250 announced the “first wave” of performers for “The Great American State Fair” shows on Washington’s National Mall in June and July, the lineup has been hit with a wave of cancellations. Young MC, Morris Day, the Commodores and Martina McBride are among […]
Clothing rental services promise a sustainable alternative to fast fashion. Experts say it depends
For weddings, vacations or other special occasions, more consumers are turning to clothing rental services instead of buying something new. These subscription-based services, often marketed as a sustainable alternative to fast fashion, ship straight to customers everything from everyday and workwear to dresses, handbags and formalwear. Then, the items are returned for someone else to […]