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Persian Gulf states reported a new wave of drone and missile attacks Sunday morning. Kuwait’s military said Sunday local time that a “wave of hostile drones” targeted a fuel depot at Kuwait International Airport, and debris and debris from the intercept damaged some civilian infrastructure. The military also intercepted a number of ballistic missiles, state media said. According to state media, the building of Kuwait’s public social security institution has been hit by a drone attack. Footage geolocated by CNN showed the approximately 22-story building going up in flames in the early morning hours. State media said no one was…

The U.S. government’s break with Anthropic revealed that there are no consistent rules governing artificial intelligence, but a bipartisan coalition of thinkers has put together something the government has so far refused to create: a framework for what responsible AI development should actually look like. Although the pro-human declaration was finalized before last week’s standoff between the Pentagon and humanity, the collision of the two events was not forgotten by all involved. “Something very remarkable has happened in America over the last four months,” Max Tegmark, an MIT physicist and AI researcher who helped organize the effort, said in a…

Check out the companies that are trending in intraday trading. Bank stocks — All 101 stocks in the State Street SPDR S&P Bank ETF (KBE) fell on Friday as the spread between two-year and 10-year Treasury yields widened, in a move known as bear steepening, which often signals higher expectations for future inflation. A steeper yield curve can compress banks’ net interest margins, lower asset values, increase credit risk, and dampen demand for loans. Western Alliance Bancorp fell about 12%, Rocket Companies fell 4% and ServisFirst Bancshares fell nearly 5%. Fertilizer stocks — Fertilizer stocks rose again on Friday as…

New satellite images from several major military bases in the Arabian Peninsula suggest that Iran is seeking to undermine its air defenses by destroying U.S.-made radars that detect incoming missiles and drones. The radar system of an American THAAD missile battery in Jordan appears to have been attacked and destroyed in the first days of the US-Israeli attack on Iran, according to satellite images taken on Monday. According to a CNN analysis, buildings with similar radar systems were also attacked in two locations in the United Arab Emirates, but it is unclear whether the equipment was damaged. Radar is a…

PNC | Stock Byte | Getty ImagesMillions of taxpayers have already claimed President Donald Trump’s new “tax-free overtime” deduction. But experts say some filers are at risk of making mistakes on their tax returns. The excess tax cuts, enacted by President Trump’s “Big and Beautiful Act,” would allow certain workers to deduct up to $12,500 annually from 2025 to 2028 for single filers and up to $25,000 for married couples filing jointly.This deduction is made in a new form known as Schedule 1-A and is reflected on an individual’s tax return. The plan also includes President Trump’s new tax cuts…

Tel Aviv, Israel — After a week of violence that has reshaped the Middle East, some of America’s goals seem achievable, while others are likely utopian. But the question of where it all ends resonates the loudest. US President Donald Trump’s request to help choose Iran’s new supreme leader provides perhaps the clearest insight yet into how close the conclusion is. On the surface, it seems so fanciful, almost absurd, to think that the 88 Iranian senior clerics indicted to replace the theocrats at the head of the Islamic Republic, founded to resist American influence, would take direction from or…

It is difficult to describe the US economy in black and white terms, calling it “good” or “bad.” On several fronts, the data shows that the economy is healthy. But research shows American consumers don’t feel that way.”There’s no question at this point that different data could tell a slightly different story,” said Heather Long, chief economist at Navy Federal Credit Union.Inflation has either fallen or been flat in recent months, depending on which metrics you look at, Long said. The consumer price index has declined from a peak of 9% in June 2022 and has hovered around 3% since…

Federal Reserve President Stephen Milan said Friday that the weak February jobs report supports the central bank’s case for further interest rate cuts.Millan said in an interview with CNBC that the Fed should focus on supporting the labor market rather than worrying about inflation, after the Bureau of Labor Statistics reported Friday that nonfarm payrolls fell by 92,000 jobs.”I don’t think there’s an inflation problem,” he said on the show “Money Movers.” “I think the labor market could use more monetary policy accommodation. I also don’t think it’s appropriate to have a moderately restrictive monetary policy stance rather than a…

Sundar Pichai’s new salary package could be worth $692 million. Alphabet has signed Google’s CEO to a three-year deal that could make him one of the highest-paid executives on the planet, but much of it is tied to performance, including stock incentives related to Waymo and the company’s drone delivery venture Wing, according to filings first seen by the FT. What’s surprising is that Pichai has received less public attention than Google’s founders. Larry Page and Sergey Brin, the second and fourth richest people in the world, recently made headlines for entirely different reasons. The companies are buying luxury real…

As the US and Israel’s war against Iran enters its ninth day, the US and Iran appear further apart than ever, with neither side showing any desire to ease tensions. Iranian President Masoud Pezeshkian gave a notable televised speech in which he apologized to neighboring Gulf states and promised not to attack them unless their territory was used to attack Iran. Hours later, new explosions were heard in Bahrain, Qatar and the United Arab Emirates. Meanwhile, US President Donald Trump said the US would attack Iran “very hard” and threatened to escalate the conflict. Iran’s top security official, Ali Larijani,…