Federal Reserve Chair Kevin Warsh on Tuesday told House lawmakers that the central bank’s policymakers have “no tolerance for persistently elevated inflation” in his first testimony as Fed chief. Warsh said in his prepared testimony for the House Financial Services Committee that concerns about inflation influenced the Fed’s decision to hold the benchmark federal funds rate steady at a range of 3.5% to 3.75% at the Fed’s June meeting.”The Fed’s number one objective is to get monetary policy right – or as near to it as we possibly can. That is our clear and constant aim, the star we steer by,” he…

Shares of IBM were down more than 23% when the market opened on Tuesday, raising fresh questions about whether companies are seeing enough near-term returns from artificial intelligence spending. It is shaping up to be the worst day for IBM in decades, as its second-quarter earnings results showed profit and revenue missed analysts’ forecasts.In a letter to investors on Tuesday, CEO Arvind Krishna said IBM’s Z mainframe business — its large enterprise computing systems boasting advanced AI capabilities — lagged behind the company’s outlook. The flagship product is the z17, described as a “transaction processing powerhouse.” “Given this was the…

Theatrical licensor Music Theatre International (MTI), in arrangement with Cameron Mackintosh, has announced the licensing availability of the modern classic Les Misérables in the US and Canada.  Distinguished as one of the world’s longest running musicals, this epic and uplifting story has become one of the most celebrated musicals in theatrical history. Les Misérables has impacted performers and audience members around the world for over 45 years. Now, for the first time in 10 years, theatres across the US and Canada have the opportunity to bring the touching and riveting story to life in their communities.  Les Misérables is written by Alain Boublil and Claude-Michel Schönberg (Miss Saigon, Martin…

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! What makes sunscreen enjoyable to wear every day? It all comes down to the formula. If something is easy to apply and feels good, you’ll always remember to smooth it on. At least, that’s Naomi Watts’ philosophy, and she found a drugstore SPF that does it all. In a recent interview with CNN, the actress said the La Roche-Posay Anthelios UVAir Serum Sunscreen SPF 50 is one of her favorite menopausal skincare products. “This goes on smoothly, doesn’t leave that…

NEWYou can now listen to Fox News articles! A chilling 911 call made by the husband of slain New Jersey mother and psychotherapist Brooke Hanlon has been shared over and over and has been picked apart by internet sleuths searching for clues.The call’s distressed and disturbing audio reveals graphic detail of how Conor Hanlon found his bloodied wife.Brooke Hanlon, 35, was found fatally stabbed inside her Chester, New Jersey, home on June 6. No one has been charged in her death and Hanlon has not been accused of any crime or wrongdoing. Fox News Digital attempted to reach Conor Hanlon, but…

This story about the June 2026 CPI inflation report will be updated with further details. Inflation pulled back in June after surging in prior months due to the Iran war’s impact on energy prices throughout the economy.The Bureau of Labor Statistics (BLS) said on Tuesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – declined 0.4% on a monthly basis in June and was up 3.5% from a year ago. The monthly decline was the largest since a 0.8% decrease in April 2020. Expectations vs. realityThose figures were…

By7.com staff Tuesday, July 14, 2026 12:48PMTARZANA, LOS ANGELES () — Two semi-trucks crashed on the 101 Freeway, forcing the closure of all westbound lanes in Tarzana Tuesday morning.The incident happened around 4 a.m. at Tampa Avenue, according to the California Highway Patrol’s traffic log.It’s unclear what caused the crash, but one semi overturned and the other was left jackknifed as a result. AIR7 was over the scene where a load of what appeared to be bricks were scattered across several lanes.All westbound lanes were shut down as crews worked to clear the wreck. They were expected to remain closed…

Betsy Wolfe has offered a sneak peek into rehearsals for her run in Little Shop of Horrors with Ethan Slater. In a new video, the pair belts out “Skid Row (Downtown)” ahead of their run in the hit Off-Broadway production. Slater and Wolfe will join the hit revival as Seymour and Audrey, respectively, beginning Tuesday, July 21, 2026. Watch the new video of them preparing to join the cast below! Little Shop of Horrors  is now in its seventh smash year at the Westside Theatre. Tickets are on sale now through January 23, 2028.  The musical’s current stars, Jordan Fisher (Moulin Rouge, Hadestown, “To All The Boys”)…

Justin Baldoni’s lawyers fired back at Blake Lively‘s request for the It Ends With Us director to pay approximately $8 million in legal fees after their recent settlement. “Lively fails to meet her burden to present credible evidence showing that the fees and costs she seeks to recover are reasonable and, accordingly, her fee motion should be denied in its entirety,” Baldoni’s lawyers Ellyn S. Garofalo and Bryan Freedman argued in a court filing obtained by Us Weekly on Monday, July 13. Baldoni and Wayfarer Studios’ legal team issued a fiery response to Lively’s June 29 request that the filmmaker…

NEWYou can now listen to Fox News articles! Good morning and welcome to Fox News’ morning newsletter, Fox News First. And here’s what you need to know to start your day …TOP 31. Supreme Court justices make rare visit to Capitol Hill2. Lindsey Graham’s sister appointed to fill brother’s seat in Senate3. US launches fresh wave of attacks on Iran in five-hour mission MAJOR HEADLINESCRACKING DOWN — VP Vance heads to Capitol Hill as White House pressures GOP holdouts. Continue reading …CLOCK SHOCK — Trump-backed Daylight Saving bill survives House vote, heads toward passage. Continue reading …‘DEEP SHAME’ — Exposed docs…

It’s never rough seas for cruise connoisseur Carol Nicole.  Nicole, 47, has been cruising for nearly six years, hitting the seas an impressive 33 times. And as a newly minted travel agent, she guarantees smooth sailing for her clients — and her over 68,000 “cruise besties” she’s dubbed on TikTok. “That’s my whole mission as your cruise bestie. Making sure people have the best time without any nasty surprises on their bill at the end,” Nicole told The Post — while on a cruise in Key West. Cruise Bestie Carol Nicole on day 14 of the Odyssey of the Seas…

The U.S. military said it used one-way attack sea drones for the first time in combat Sunday in an attack on an Iranian naval port.In a statement shared Monday, U.S. Central Command said forces used multiple sea surface drones to strike a submarine and ship maintenance facility at the Bandar Abbas Naval Base on Iran’s coast in the Strait of Hormuz, marking the first time the weapons had been used in combat operations.A video released by CENTCOM showed an aerial view of three small sea drones speeding toward a raised dock that appeared to be holding a small submarine and…

Emmy Award Winner Derek Hough will be delivering Chicago’s opening monologue on Monday, July 20 on Broadway at the 7PM performance. A post-performance talk back will follow the performance.  All audience members who have tickets to the Monday, July 20 at 7pm performance are invited to stay after the curtain for this post-show event. Emmy Award winning and New York Times Best-Selling author Derek Hough started dancing in his hometown of Salt Lake City, UT, at age 11. Just one year later, he moved to London to live and train with the top dance coaches in the world and attend…

“The European Parliament has called for an investigation into FIFA President Gianni Infantino,” reads a post on X that has been viewed more than 6 million times. ADVERTISEMENT ADVERTISEMENT However, this claim is misleading. While 72 members of the European Parliament (MEPs) have signed a letter calling for FIFA’s Ethics Committee to investigate Infantino, the European Parliament itself has not officially adopted that position. What happened? The controversy stems from FIFA’s decision to suspend an automatic one-match suspension for the US football team’s striker, Folarin Balogun, after he was sent off during the US’s round of 32 victory over Bosnia…

Us Weekly has affiliate partnerships. We receive compensation when you click on a link and make a purchase. Learn more! Typically, this particular style of bag is saved for evening occasions, but Mindy Kaling has convinced us to break out the look for daytime. Her small top-handle bag makes a serious statement even against the actress and producer’s bright yellow outfit. And we’re ready to bring the metallic piece to our own closets for the different seasons ahead. Kaling appeared on Good Morning America in a sunshine-colored suit, but still, our eyes went to her bag. The Chanel top-handle purse…