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A  Federal Reserve split over where its priorities should lie cut its key interest rate Wednesday, but signaled a tougher road ahead for further reductions.Fulfilling expectations of a “hawkish cut,” the central bank’s Federal Open Market Committee lowered its key overnight borrowing rate by a quarter percentage point, putting it in a range between 3.5%-3.75%.However, the move carried caution flags about where policy is headed from here and featured “no” votes from three members, which hasn’t happened since September 2019.The 9-3 vote again featured hawkish and dovish dissents – Governor Stephen Miran favored a steeper half-point reduction while regional Presidents…

President Donald Trump speaks during a roundtable discussion in the Roosevelt Room of the White House, Dec. 10, 2025.Andrew Caballero-Reynolds | AFP | Getty ImagesU.S. forces on Wednesday seized an oil tanker off the coast of Venezuela, President Donald Trump said. “We’ve just seized a tanker on the coast of Venezuela — a large tanker, very large, the largest one ever seized actually,” Trump said during a meeting in the Roosevelt Room at the White House. The president declined to provide information on who owned the tanker or its destination when asked by a reporter. “It was seized for a…

Getting trapped in quicksand is a corny peril of old movies and TV shows, but it really did happen to one unfortunate hiker in Utah’s Arches National Park. The park famous for dozens of natural, sandstone arches gets over 1 million visitors a year, and accidents ranging from falls to heat stroke are common.Quicksand? Not really — but it has happened at least a couple of times now.“The wet sand just kind of flows back in. It’s kind of a never-ending battle,” said John Marshall, who helped a woman stuck in quicksand over a decade ago and coordinated the latest…

KUWAIT: Public and private schools in Kuwait will be closed on Thursday, December 11, 2025 as a protective measure due to rain, the Ministry of Education said on Wednesday. Acting Director of the Meteorological Department Dharar Al-Ali on Wednesday forecast scattered thunderstorms of varying intensity across Kuwait, accompanied by winds exceeding 45 kilometers per hour. He noted that weather conditions are expected to improve gradually from Thursday evening. Al-Ali explained that weather maps, pressure distributions and numerical models indicate that Kuwait has been affected since early Wednesday by an extension of a surface low-pressure system carrying warm and humid air, combined with…

When Avery Amstutz saw her neighbor selling a 1973 Airstream trailer on Facebook in November 2023, she knew she’d spotted her next business opportunity. She just wasn’t sure what kind of business it would be.The Memphis, Tennessee-based serial entrepreneur bought the 50-year-old trailer using $6,000 from the profits of her other business ventures, she says. At the time, she was a destination wedding photographer who owned a photography studio available for rent, and the owner of a mobile cocktail trailer that could be hired for private parties.In July 2024, after a five-figure trailer renovation, Amstutz added a new venture to…

Warm water and air and unusual weather conditions tracing back as far as tropical cyclone flooding in Indonesia helped supercharge stubborn atmospheric rivers that have drenched Washington state with almost 5 trillion gallons (19 trillion liters) of rain in the past seven days, threatening record flood levels, meteorologists said.The worst and most persistent of the heavy rains will linger to douse the same location through late Thursday and early Friday morning before the river of moisture should lessen and move around a bit. But the West Coast likely won’t see an end to the “fire hose” of moisture until the…

Check out the companies making the biggest moves midday: Photronics — The maker of flat panel display components rallied more than 37% on better-than-expected results for its fiscal fourth quarter. Photronics’ first-quarter earnings guidance also exceeded estimates. Maplebear — The grocery delivery platform stumbled 6% after Amazon announced in a blog post that its same-day perishable grocery delivery service, a direct competitor to Instacart, has expanded to more than 2,300 cities and towns. Amazon said that since August, it has grown its perishable selection available for same-day delivery by over 30%, and expects continued expansion to more areas in 2026.…

KUWAIT: During its weekly meeting on Wednesday, the Cabinet tasked the Ministry of Public Works to step up its efforts to implement the Gulf railway and rapid transports projects. The Cabinet met at Bayan Palace, chaired by Acting Prime Minister and Minister of Interior, Sheikh Fahad Yousef Saud Al-Sabah.Following the meeting, Deputy Prime Minister and Minister of State for Cabinet Affairs, Sharida Abdullah Al-Maousherji, briefed the press. She said the Cabinet began by reviewing messages addressed to His Highness the Amir of Kuwait, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, from heads of brotherly and friendly countries, discussing ways to strengthen bilateral…

Oleksii Liskonih | Istock | Getty ImagesThe Swiss government said on Wednesday that a previously announced agreement to reduce U.S. tariffs on that country’s imports to a ceiling of 15% will apply retroactively to Nov. 14.The deal reached last month slashed the 39% tariff on imports from Switzerland that President Donald Trump imposed in August.The Swiss Federal Department of Economic Affairs, Education and Research said Wednesday that both countries can claim customs refunds from the effective date.”With the US tariff ceiling set at 15%, trade-weighted US tariffs on Switzerland will fall by around 10% on average, the department said in…

NEW YORK: Kuwait affirmed on Tuesday that the prevention of genocide begins with strengthening the rule of law, ensuring accountability, establishing early warning mechanisms, and combating all forms of hate speech. The statement was delivered by Wafiqah Al-Mulla, Second Secretary of Kuwait’s Permanent Mission to the United Nations, during a high-level meeting of the UN General Assembly marking the 10th anniversary of the International Day of Commemoration and Dignity of the Victims of the Crime of Genocide and of the Prevention of Genocide.In her address, Al-Mulla expressed Kuwait’s honor in participating in the landmark meeting, which she described as a…