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Trump’s executive order on dyed diesel will offer little relief, farmers and truckers say

SIOUX FALLS, S.D. (AP) — Farmers, truckers and economists say a move to cut taxes on diesel will provide little relief from record-high fuel prices that have soared since the U.S. attacked Iran months ago. Industry groups said they appreciate President Donald Trump’s executive order expanding the use of a diesel now reserved for off-road work, but farmers already have access to the fuel and many have already wrapped up harvest. Truckers will struggle to navigate differing state rules. “In the context of diesel prices that are over two dollars more than they were last year, it ...

Trial begins for a man accused of killing UNC student Faith Hedgepeth 14 years ago

The trial of a man accused of killing a North Carolina college student 14 years ago began Wednesday with the prosecution alleging she was killed in a fit of rage by a stranger who left his DNA all over the crime scene. The defense said the evidence doesn’t add up. Miguel Salguero Olivares is charged with first-degree murder, rape and burglary in the death of Faith Hedgepeth. She was a 19-year-old sophomore at the University of North Carolina at Chapel Hill when she was found beaten to death in her off-campus apartment in September 2012. In her opening statement, Assistant District ...

Fed minutes: Another rate hike likely coming this year to combat persistent inflation

WASHINGTON (AP) — Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank’s most recent meeting. The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years. The increase defied President Donald Trump’s repeated calls ...

IMF chief urges countries to do more to curb debt and regulate AI

SINGAPORE (AP) — Countries both rich and poor must take faster action to cut debt and counter growing inequality as their economies weather a triple whammy from the artificial intelligence boom, heavy borrowing and shocks from wars in the Middle East and Ukraine, the head of the IMF said Wednesday. “Some very tough political choices stare us in the face,” IMF Managing Director Kristalina Georgieva said in a speech in Singapore ahead of autumn IMF-World Bank meetings to be held in Bangkok next week. “My message to the world’s economic policymakers next week will be this: we ...

Can $1 billion power Republicans to victory in the midterms?

WASHINGTON (AP) — Republicans are entering the final month of the midterm campaign increasingly anxious that the $1 billion at their disposal may not be enough to fend off sweeping losses as the party reckons with President Donald Trump’s unpopularity, persistent cost concerns and the fallout from the war in Iran. The cash advantage, spread out across a half-dozen groups, is driven largely by the Trump-aligned MAGA Inc., which had nearly $416 million in cash on hand at the end of August and began stepping up its spending on critical races in September. But that money may have ...