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The Bureau of Labor Statistics said consumer prices rose 0.6% in September, pushing annual inflation to 3.7% from 3.4% in August and beating economists' expectations. Gasoline did most of the damage, up 9.1% on the month and 34.2% year over year. Treasury yields climbed and stock futures sagged as traders repriced the odds of another Fed hike before year's end.
The Trump administration issued an emergency order to head off blackouts across 13 states as unseasonably warm October temperatures strain a grid serving more than 60 million Americans. The order lets generators run past normal environmental limits to keep supply ahead of demand. It's an unusual autumn intervention in a season that normally gives operators a breather.
Homeland Security Investigations executed a predawn search warrant at Rep. Ilhan Omar's Washington home Monday as part of a criminal fraud probe into her immigration paperwork. Vice President JD Vance said neither he nor President Trump had advance notice, but warned that "if criminal wrongdoing is discovered... there will be legal proceedings to follow." Omar calls the investigation politically motivated and has been fundraising off it.
New Department of Homeland Security regulations require employers seeking to extend temporary foreign worker visas to file fresh justifications explaining why they didn't hire qualified Americans. The agency framed the move as a boost for US graduates entering the tech and engineering job market. Business groups are expected to push back on the added paperwork burden.
A Houthi ballistic missile slammed into Saudi Aramco's Dhahran headquarters, with fire spreading across several floors, while Saudi forces intercepted another missile aimed at Riyadh. Iranian officials say they're deploying new tactics against tankers near the Strait of Hormuz to keep oil prices elevated. Brent crude pushed above $106 a barrel as Trump holds off on a new round of strikes on Iran.
King Charles III received Volodymyr Zelenskyy at Buckingham Palace on Wednesday, where the Ukrainian president thanked him for "unwavering support." Britain announced a 45-million-pound surface-to-air missile package, with 13 million pounds' worth rushed forward for Ukraine's winter air defense needs. The royal welcome lands days after Trump publicly suggested Ukraine needs a new president.
President Trump announced Wednesday that "massive" oil, gas, and mineral exploration is getting ready to launch in Greenland. The declaration revives a long-running diplomatic sore spot with Denmark and Greenland's own government over who controls the island's Arctic resources. With crude above $106, the timing is anything but coincidental.
A team led by Carnegie Science astronomer Scott Sheppard identified asteroid 2025 SC79, a skyscraper-sized rock that laps the sun in just 128 days — the second-fastest orbit on record. It belongs to a hard-to-observe class of "twilight" asteroids that hug the sun's glare and pass close to Earth. Finding them is less about panic and more about filling in a genuine blind spot in sky surveys.
NASA confirmed it is coordinating with other federal agencies on the investigation into 11 nuclear and space-linked scientists who have died or vanished since 2023. The FBI says it is spearheading the search for connections, working with the Department of Energy, the Department of War, and state and local partners. Authorities stress the cases are not yet established as linked, with circumstances ranging from shootings to a body recovered from a Massachusetts lake.
Federal authorities arrested Abdulrahman Alfozan, a Saudi national and OpenAI engineer, after a thumb-sized recording device was found concealed in toilet paper inside an executive conference room at the company's San Francisco office. Investigators allege he used his wife's ChatGPT account to research how to build and hide the device. Corporate espionage, foiled by the chat log.
