EconomyUS stocks fell on Wednesday, led lower by chipmakers, after stronger-than-expected consumer price data raised concerns that the Federal Reserve may have to raise interest rates more aggressively than expected in the coming months.
EconomyUS stocks fell on Wednesday, led lower by chipmakers, after stronger-than-expected consumer price data raised concerns that the Federal Reserve may have to raise interest rates more aggressively than expected in the coming months.
PoliticsPresident Trump holds an informal exchange with the press in Bullhead City, Arizona, on Oct. 14, 2026.
TechThe FBI arrested OpenAI employee Abdulraham Alfozan, 35, over allegations that he planted a recording device at the AI company’s San Francisco headquarters. The Justice Department said Alfozan, a Saudi national, was arrested Friday. If convicted, he could face up to five years in prison and a $250,000 fine.
SocietyABC News Live reviews trending stories: the Social Security Administration announced a 3.6% cost-of-living adjustment for 2027; Katie Zacharia held her first news conference as the new White House press secretary and received feedback; Pope Leo XIV is recovering after surgery; the FBI arrested an OpenAI employee accused of hiding a recording device; and Billy Crystal is bringing a one-man show to Broadway.
WorldHeavy rain caused flooding across Istanbul on Wednesday. The governor’s office closed schools, put some public-sector workers on leave and urged people to stay home.
WorldAs developments in Yemen’s war unfold, Omid Memarian, DAWN’s senior Iran analyst, discusses the Houthis’ claim that global powers are pressing for ceasefire talks.
PoliticsRep. Suzan DelBene, chair of the DCCC, says Republicans are in “triage mode” and shifting resources to protect seats they already hold. She says Democrats are using race-level data and local conditions to guide spending, prioritizing frontliners, incumbents and races where they have already invested before adding support to newly competitive contests as more money comes in.
EconomyMattie Duppler, founder and president of Forward Strategies and spokesperson for The Ledger Project, says a rate hike is now more likely than not after the latest CPI reading came in slightly above expectations. She argues that voters’ experience of higher grocery and gas prices matters more politically than the data itself. Unlike in 2022, consumers increasingly rely on credit cards and savings to manage high costs.
WorldFormer US Defense Secretary Mark Esper says the US controls the Strait of Hormuz, but Iran can still affect traffic by threatening ships, insurers and crews. He also says Ukraine retains European allies, yet resisting Russia is harder without full US support, including weapons and intelligence.
HealthPope Leo XIV’s doctors say his recovery after surgery to remove a lower lobe of his lung is progressing as expected. The 71-year-old has started walking and resumed a normal diet. The Vatican said he was diagnosed with lung cancer after the operation at Rome’s Gemelli Hospital, which it described as successful and free of complications.
PoliticsDespite glaring unpopularity, U.S. President Donald Trump is taking an unusual hands-on role in the midterms through campaign promises and pardons. His approach is pushing Republicans to seek support beyond their traditional base, while Democrats hope to capitalize on voter discontent.
EconomyWall Street stocks slid amid concerns about elevated inflation and AI-related credit risks. Bloomberg Television’s The Close covered market news and analysis around the closing bell, with guests including financial executives and analysts.
WorldUkrainian officials say restrictions on some military internet services have disrupted operations during Russian attacks, catching them off guard. Elon Musk says Starshield is owned and controlled by the US government, and that decisions to limit its speed or use rest with the US military and president.
PoliticsWith the midterms nearing, rising living costs are creating headwinds for Republicans. Outgoing Rep. Dusty Johnson predicts who will control the House, while Montana Democrat Sam Forstag discusses his uphill campaign to flip a district won by Trump.
WorldUS forces destroyed an Iranian-affiliated dhow in the Gulf of Oman on October 6. The boat was allegedly conducting surveillance and targeting US Navy ships.
Tech10:37A cyberattack on supermarkets in France spoiled millions of euros’ worth of fresh and frozen food. Hackers took control of refrigeration software and raised temperatures to 50 degrees Celsius or higher, highlighting the vulnerability of critical systems to digital sabotage.
PoliticsOutgoing Rep. Dusty Johnson says he is confident Republicans can retain control of Congress in the midterms, while expressing distaste for President Trump’s diesel deal with Russia.
PoliticsFederal agents seized Democratic Rep. Ilhan Omar’s phone while searching her Washington, D.C., home as part of an investigation into potential immigration-related crimes. Subpoenas in the case were also sent to members of her family.
Politics‘The Five’ discusses Gov. Kathy Hochul and Bruce Blakeman clashing over immigration, taxes, utility costs and other major issues facing New Yorkers.
SportsThe Dodgers are down 2-0 in the series against the Brewers and struggling, with Shohei Ohtani in a slump. Milwaukee is aiming for its first World Series appearance since 1982.
WorldFox News chief foreign correspondent Trey Yingst reports claims that the Iran-backed Houthis are developing missiles with Chinese parts and examines the threat the group poses to the Middle East.
PoliticsTwo leaders of India’s “Cockroach” youth movement were sentenced to five days in jail after being detained at a protest demanding the country’s election chief resign. Ashutosh Ranka, Saurav Das and about a dozen others were detained after climbing barricades to enter the Jantar Mantar grounds in New Delhi.
WorldThousands of student-led demonstrators in Albania’s capital, Tirana, protested corruption, rising education costs and poor university conditions before violent clashes with police broke out. Police used tear gas and water cannon to disperse crowds; scores were detained and several injured. The protests began in May and have escalated into some of the movement’s most violent confrontations.
WorldUkrainian President Volodymyr Zelenskyy met UK Prime Minister Andy Burnham at 10 Downing Street, seeking continued support as Russia’s war against Ukraine continues. The UK pledged to speed up missile deliveries and impose further sanctions on Russia.