News

Russia says warning shots deter UK warship; London denies it

MOSCOW (AP) — The Russian military said one of its warships in the Black Sea fired warning shots and a warplane dropped bombs Wednesday to force a British destroyer away from an area near Crimea that Moscow claims as its territorial waters, but Britain denied that account and insisted its ship wasn't fired upon.

Warren Buffett resigns from Gates Foundation

Buffett gave no reason for stepping down from the Gates Foundation, but questions have been raised about the structure of its leadership after reports of Bill Gates' behavior in the workplace.

Apple Daily to close, last pro-democracy Hong Kong newspaper

HONG KONG (AP) — Hong Kong’s sole remaining pro-democracy newspaper will publish its last edition Thursday, forced to shut down after five editors and executives were arrested and millions of dollars in its assets were frozen as part of China's increasing crackdown on dissent in the semi-autonomous city.

Stocks open slightly higher, keeping S&P 500 near record

Stocks are edging mostly higher in early trading on Wall Street Wednesday, keeping the S&P 500 hovering just below the record high it set just over a week ago. The benchmark index was up 0.1% in the early going. The tech-heavy Nasdaq added 0.3%. The modest gains came a day after Federal Reserve Chair Jerome Powell said the central bank still believes the current increases in inflation will prove to be temporary. The latest reading of the Fed’s preferred measure of inflation comes out Friday. Bond prices fell slightly. The yield on the 10-year Treasury note rose to 1.49%.