Rates topped 7% for the first time since 2002 amid historic inflation and fears of an impending recession.
Rates topped 7% for the first time since 2002 amid historic inflation and fears of an impending recession.
Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, told ABC News he was ultimately responsible for the downfall of both companies, but denied that he knew "that there was any improper use of customer funds." "I really, deeply wish that I had taken a lot more responsibility for understanding what the details were of what was going on," Bankman-Fried said. Bankman-Fried spoke to George Stephanopoulos and ABC News for his first network interview since both companies in his cryptocurrency empire filed for bankruptcy this month.
French President Emmanuel Macron told ABC News' George Stephanopoulos that he believes a negotiation is still "possible" with Russian leader Vladimir Putin to end Russia's invasion of Ukraine -- which Macron called a "huge mistake." Macron spoke with Stephanopoulos ahead of meeting with President Joe Biden on Thursday for the first state dinner of Biden's administration.
A barbershop owner has been gunned down and murdered in his own shop while he was in the middle of cutting an 8-year-old child’s hair. The incident occurred at approximately 5:09 p.m. in Puyallup, Washington -- about 30 miles south of Seattle -- when the Puyallup Police Department were dispatched to at JQ’s Barbershop after receiving reports that an employee at the store had been shot multiple times, according to a statement from the Puyallup Police Department. While the child was not harmed in the shooting, the victim -- identified as the 43-year-old owner of JQ’s Barbershop who lived in Tacoma, Washington -- was pronounced dead at the scene.
Closing statements are beginning Thursday in the criminal tax fraud trial of former President Donald Trump's family business, the outcome of which could turn on the vagaries and nuances of a part of New York criminal law that even the presiding judge has called "confusing." The Trump Organization is accused of partially compensating certain executives by paying their rent, covering their car lease payments, and providing other under-the-table perks never declared on their income taxes. Prosecutors plan to remind the jury about the August guilty plea of Allen Weisselberg, the Trump Organization's former chief financial officer who testified that he arranged the illegal compensation scheme for his own benefit, concealed it from the company's outside accountant, and ended it only when Trump's ascendance to the presidency invited fresh scrutiny of the company's business practices.
The White House is rolling out the red carpet on Thursday as President Joe Biden hosts French leader Emmanuel Macron for the first state dinner of Biden's administration. The president and first lady Jill Biden, as well as Vice President Kamala Harris and second gentleman Doug Emhoff, will welcome President Macron and his wife, Brigitte, on Thursday night.
Evidence in the Delphi, Indiana, double murder case was unsealed by a county court on Tuesday, revealing key new details, including that suspect Richard Allen's gun was linked to the crime scene. Abby and Libby, best friends in the eighth grade, were on a hiking trail in rural Delphi when they were killed in February 2017. Allen, a 50-year-old Delphi man, was arrested last month.
A judge declared a mistrial Wednesday in the Danny Masterson rape case after the jury was unable to reach a verdict. The three alleged victims were members of the Church of Scientology, as was Masterson. Another woman, who was dating Masterson in 2001, claimed he raped her while she was asleep.
University of Idaho students, back on campus following Thanksgiving break, gathered Wednesday night for a vigil for their four classmates who were mysteriously stabbed to death this month. Kaylee Goncalves, 21, her lifelong best friend, Madison Mogen, 21, another roommate Xana Kernodle, 20, and Kernodle's boyfriend Ethan Chapin, 20, were killed in the girls' off-campus house in the early hours of Nov. 13. "You can't imagine sending your girl to college and they come back ... in an urn," Goncalves' father, Steve Goncalves, told ABC News this week. "You're numb ... you can't absorb that amount of pain and agony."
The arrest of a man accused of financially preying on women he meets through dating apps followed weeks of warnings from Wisconsin police to be on the lookout for the alleged perpetrator. It also came as the man -- 52-year-old Timothy Olson -- was being sought for questioning in the recent death of a woman he was with at a South Milwaukee bar when she fell unconscious, dying days later, according to police. Olson was arrested in Franklin, Wisconsin, on Tuesday after allegedly committing three burglaries in the city, including one involving a 79-year-old woman who rebuffed him in a bar.
New York City Mayor Eric Adams has directed the NYPD and peace officers to take individuals who appear "to be mentally ill" into custody involuntarily for psychiatric evaluations, even if they are not considered to be an imminent threat to the public. "They cycle in and out of hospitals and jails, but New Yorkers rightly expect our city to help them and help them we will." The directive has stoked outrage, controversy and debate about homelessness and mental illness, and how to tackle both issues.
Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, told ABC News he was ultimately responsible for the downfall of both companies, but denied that he knew "that there was any improper use of customer funds." Bankman-Fried spoke to George Stephanopoulos and ABC News for his first network interview since both companies in his cryptocurrency empire filed for bankruptcy this month. The interview took place in the Bahamas island of Nassau where FTX was headquartered.
Attorney General Merrick Garland took something of a victory lap on Wednesday, a day after the Department of Justice secured convictions in one of the Jan. 6 investigation's highest profile prosecutions. Stewart Rhodes, a Yale Law School graduate-turned-militiaman, was found guilty Tuesday of his most serious charge, seditious conspiracy, following a sprawling two-month trial in federal court in Washington and three days of jury deliberations. An associate, Kelly Meggs, was also found guilty of seditious conspiracy in the first such convictions by a jury since 1995.
A grieving family is pleading with parents to monitor their children's online activity after a former Virginia police officer "catfished" a 15-year-old girl online and then traveled to her Riverside, California, home, where he allegedly killed her mother and grandparents. "Nobody could imagine this crime happening ... especially it just being one day after Thanksgiving," Mychelle Blandin, the sister and daughter of the three victims, said at a news conference Wednesday.
The House Ways and Means Committee has received access to former President Donald Trump's tax returns after the Supreme Court last week rejected his final objection on the issue. "Treasury has complied with last week's court decision," said a spokesperson for the department that includes the Internal Revenue Service in possession of Trump's confidential tax returns, which he has long resisted disclosing, unlike past presidents. The chairman of the House committee, Richard Neal, declined to comment earlier Wednesday when asked if the panel had officially received the documents.
Hundreds of thousands of rail workers stand on the brink of a strike that would snarl the nation's supply chain, driving up prices for households already under strain and eventually leaving some store shelves bare, supply chain analysts and industry groups told ABC News. "Let me be clear: a rail shutdown would devastate our economy," President Joe Biden said on Monday. "Without freight rail, many U.S. industries would shut down."
While arriving in Boston during her first U.S. tour in nearly a decade alongside Prince William, Princess Kate paid tribute to the late Princess Diana. Princess Kate was seen wearing a nearly matching suited look, and she matched her sophisticated look with a turtleneck and Princess Diana's sapphire and diamond drop earrings. The earrings were spotted on Princess Diana on several occasions, including the 1996 Met Gala where she wore them with a matching choker that included rows of pearls and a big blue sapphire at the center.
The House on Wednesday voted to block a strike by the nation's railway workers, intervening in a labor dispute with wide-ranging economic and political implications. The House voted 290-137 to adopt the tentative deal between the rail companies and employees reached in September and brokered by the White House. In a second, separate 221-207 vote -- aimed at addressing progressive Democrats' concerns over protecting workers -- the House added seven days of paid sick leave to the agreement, which currently calls for only one.
The lava flowing out of Mauna Loa, the world's largest active volcano located on Hawaii's Big Island, is inching closer to a main highway, according to officials. The lava is flowing out of Fissure 3 in the northeast rift zone and is now just 3.6 miles from Saddle Road, a main highway that runs east to west through the center of the island and a route often used to travel between Kona and Hilo, the U.S. Geological Survey tweeted just before 10 a.m. local time. Volcanic gas plumes are lofting high and vertically into the atmosphere, according to the Hawaii County Civil Defense.
The Centers for Disease Control and Prevention announced Wednesday it will expand wastewater testing for polio to select communities across the U.S. after a person tested positive for the disease in New York this summer. The initiative will start in two communities: Oakland County, Michigan, and a yet-to-be named county in the Philadelphia area. Wastewater testing will extend to counties with low rates of polio vaccination or to counties connected to communities in New York where polio has been detected in wastewater, according to the CDC, including Rockland County, where a single case of vaccine-derived polio was detected.
Jordana Brewster marked the ninth anniversary of her "Fast & Furious" co-star Paul Walker's tragic death by sharing a few never-before-seen photos of him. The actress shared the pics, which she said were taken by an on-set photographer between takes and sent to her a few days after Walker's passing, in a heartfelt Instagram post on Wednesday. "I love them because they capture Paul's playfulness, openness, joy," she wrote.