Fed raises interest rates for 5th time this year
The Federal Reserve raised a key interest rate by .75% for the third straight time as a way to fight rising inflation.
The Federal Reserve raised a key interest rate by .75% for the third straight time as a way to fight rising inflation.
Former President Donald Trump is on trial in New York City, where he is facing felony charges related to a 2016 hush money payment to adult film actress Stormy Daniels. Trump last April pleaded not guilty to a 34-count indictment charging him with falsifying business records in connection with a hush money payment his then-attorney Michael Cohen made to Daniels in order to boost his electoral prospects in the 2016 presidential election. As Stormy Daniels described how she and Trump began having sex, Trump tapped his attorney Susan Necheles again, presumably to encourage her to object.
President Joe Biden delivered a major speech denouncing antisemitism on Tuesday at the U.S. Capitol. The remarks are part of a U.S. Holocaust Memorial Museum ceremony marking the Days of Remembrance to honor the memory of the six million Jews killed during the Holocaust as well as other victims of Nazi persecution. "He will speak to the horrors of Oct. 7 when Hamas unleashed the deadliest day for Jewish people since the Holocaust," White House press secretary Karine Jean-Pierre told reporters on Monday.
Former President Donald Trump spoke privately with Republican Rep. Marjorie Taylor Greene over the weekend and urged her to drop her push to oust Speaker Mike Johnson, a source close to the president confirmed to ABC News. During their discussion, Trump told Greene that the party needs to be unified, according to the source. The former president's team has mulled over how best to show support for Johnson.
Queen Latifah stepped out at the Met Gala, making her first-ever appearance at the star-studded event. The rapper and actress wore a gown by designer Thom Browne as she walked the green and white carpet Monday night at the Metropolitan Museum of Art with Eboni Nichols, who is reportedly her longtime partner, according to Vogue.com. "This look is 'birds of paradise' and it's a beautiful intricate, very intricately, made handmade, beautiful [gown]," Queen Latifah told La La Anthony for Vogue's official red carpet livestream.
Growing up in Louisiana, in the bayous of the Mississippi River, identical twins Jocynita "Jo" Banner and Joyceia "Joy" Banner always heard stories from their grandmother Grace, who would tell them about their enslaved ancestors and their history of fighting back at the very plantation the two women now own. "I know that she is really proud," Jo Banner said, referring to her grandmother. The Banner twins are the founders of The Descendants Project, a nonprofit that fights for historic and cultural preservation for descendants of enslaved people.
The double murder trial of Richard Allen -- accused of killing two teenage girls in Delphi, Indiana, in 2017 -- has been delayed several months, less than a week before jury selection was to begin. In a pretrial motions hearing Tuesday morning, defense attorneys for Allen withdrew their motion for a speedy trial, citing concerns over having enough time to present their case. On Feb. 13, 2017, best friends Abby Williams, 13, and Libby German, 14, were enjoying a day off from school in their hometown of Delphi, a quiet, small town of nearly 3,000 residents in central Indiana.
Stormy Daniels, one of the prosecutor's star witnesses, is scheduled to take the stand Tuesday, sources told ABC News. The decision to call Daniels, who acted in adult films, as a witness allows the jury to hear from the woman at the center of former President Donald Trump's criminal trial. Prosecutors argue that Trump -- still reeling from the release of the infamous "Access Hollywood" tape in October 2016 -- orchestrated a last-minute $130,000 hush money payment through his then-lawyer Michael Cohen in exchange for Daniels' silence about an alleged 2006 sexual encounter with Trump, which the former president has denied took place.
Prince Harry, the Duke of Sussex, will not see his father King Charles III while he is in London to mark the 10th anniversary of the Invictus Games, ABC News has confirmed. A spokesperson for the duke told ABC News on Tuesday that Charles' schedule does not allow time for him to see his younger son, who now lives in the United States. "It unfortunately will not be possible due to His Majesty's full programme," the spokesperson said of a meeting between Harry and Charles.
Although the first official day of summer isn't for another 44 days, Starbucks announced its new summer menu on Tuesday to give coffee fans an early taste of the season. The Seattle-based coffee chain is out with three new beverages: a Summer-Berry Starbucks Refreshers Beverage, a Summer-Berry Lemonade Starbucks Refreshers Beverage and a Summer Skies Drink, all of which feature a sweet and bright blend of raspberry, blueberry and blackberry combined with water, lemonade or coconut milk and poured over a layer of raspberry flavored pearls -- similar to the tapioca beads in Taiwanese bubble tea. Starbucks beverage developers created these new drinks to add a pop of both flavor and color.
At least 17 tornadoes were reported in seven states overnight into Tuesday morning. The twisters were reported in Iowa, Nebraska, Kansas, Oklahoma, Missouri, Tennessee and South Dakota. The most destructive storm appeared to have been in Barnsdall, Oklahoma, north of Tulsa, where major damage was reported.
Two colonels in Ukraine's State Protection Service were identified as part of a group planning to assassinate Ukrainian President Volodymyr Zelenskyy, Ukrainian officials said Tuesday. The colonels, who have been detained but not yet been publicly identified, were recruited by the Russian Federal Security Service, known as the FSB, Ukraine said. "Their mission involved identifying military personnel within Zelenskyy's security detail capable of abducting and assassinating him," Ukraine's State Protection Service, or SBU, said.
Jacque Berry and her daughter, Breanna Berry, are Black women who say they have been surrounded by cancer all their lives. "My great-grandmother had breast cancer," Breanna Berry, 30, told "Good Morning America." "I remember when I was like 10 and she'd say, 'Sweetie, go get me some tissue to stuff in my bra.' Years later, Breanna Berry said she watched as a friend, also a Black woman, was diagnosed with breast cancer at age 28, and as her father died after being diagnosed with stage 4 pancreatic cancer, a diagnosis she said took over one year as his symptoms were misdiagnosed.
Jeremy Gentry, a 48-year-old man from Fruitland, Maryland, has been charged with first and second degree murder, first and second degree assault and reckless endangerment after Beatrice Kay Gentry, 68, was found dead inside their home on the 200 block of Sand Castle Boulevard, according to the Maryland State Police. Police were first alerted to the incident shortly before 9:00 p.m. on Sunday when the Fruitland Police Department and emergency medical service personnel were dispatched to the residence on regarding a report of “an unconscious woman,” according to the Maryland State Police. The deceased was subsequently identified as Beatrice Kay Gentry who shared the home with her son, Jeremy Gentry, police said.
A series of bomb threats targeting annual Pride events in Montana were deemed to be hoaxes “used to try to dissuade people from participating” in the LGBTQ+ celebrations, police say. Two threats were made on Saturday and Sunday when the Bozeman Police Department investigated two bomb threats that “occurred within the city limits of Bozeman,” according to a statement from the Bozeman Police Department. Two other similar bomb threats were received by authorities on Friday.
As the Israel-Hamas war crosses the seven-month mark, renewed negotiations are underway to secure the release of hostages taken by the terrorist organization, as Israeli forces continue to prepare for an apparent invasion of the southern Gazan town of Rafah. Israeli tanks controlled Gaza's Rafah border crossing early Tuesday, as military officials accused Hamas of using the crossing for "terrorist purposes." "Following intelligence that indicated that the Rafah Crossing in eastern Rafah was being used for terrorist purposes, IDF troops managed to establish operational control of the Gazan side of the crossing," Israel Defense Forces officials said in a statement.
Boeing's first astronaut-crewed flight into space has been called off due to a stuck valve on the spacecraft’s rocket Monday, the United Launch Alliance announced. The Starliner Crew Flight Test, developed in collaboration with NASA's Commercial Crew Program, was set to launch from Space Launch Complex-41 atop an Atlas V rocket at Cape Canaveral Space Force Station in Florida at 10:34 p.m. ET before it was called off. "ULA Launch Director Tom Heter III has made the decision to the launch team that launch operations will not continue tonight," the United Launch Alliance said in an update on X (formally Twitter) Monday evening.
Zendaya and Law Roach may have just won the 2024 2024 Met Gala. After stepping out on the carpet earlier in the evening in a Maison Margiela gown, she appeared again on the the carpet in a black 1996 Galliano gown for Givenchy. The look was styled by Law Roach.
The reality star and SKIMS founder, who donned platinum blonde hair, wore a corseted silver sparkly gown with a long sleeved silver wrap that draped over her shoulders on Monday evening. On Instagram, Kardashian shared a photo in her look and shared that the gown was Margiela by John Galliano. "It's custom John Galliano couture," Kardashian told Vogue in an interview on the carpet.
As the 2024 presidential election approaches in November, ABC News wants to hear from undecided voters. Undecided voters can play a pivotal role in the upcoming election. With roughly six months until the election, presumptive Republican nominee and former President Donald Trump and President Joe Biden are locked in a tight race for the presidency.
Starbucks shares have plummeted more than 17% in value since the company revealed a sales slump in an earnings report last week. The coffee giant is viewed by many analysts as a bellwether for consumer spending, which accounts for nearly three-quarters of the nation’s economic activity. The company's latest struggles, in turn, raise a question: Is the engine of the U.S. economy faltering, or is something wrong at Starbucks?