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Asian shares are sharply higher after U.S. stocks soared to their best day in almost a year over renewed hopes that the Iran war could soon end. South Korea's Kospi was up 6.4% and Tokyo's Nikkei 225 rose 4% in early trading Wednesday. Oil prices have steadied. The renewed optimism comes after U.S. President Donald Trump said the United States will be done attacking Iran probably within two to three weeks. Trump is expected to deliver an address on the Iran war Wednesday evening. On Wall Street, the S&P 500 jumped 2.9% Tuesday for its largest gain since May. The Dow Jones Industrial Average surged 2.5%, and the Nasdaq composite leaped 3.8%.

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A Russian oil tanker has reached Cuba with a huge shipment, easing a dire fuel shortage after months without deliveries. The ship docked at the port of Matanzas on Tuesday, carrying about 730,000 barrels of oil. Cuban officials and residents celebrated as blackouts have dragged on and shortages of food and medicine grow. Cuba makes only about 40% of the fuel it needs. Experts say the cargo could cover diesel demand for around nine or 10 days. The Trump administration let the tanker proceed despite U.S. pressure on Cuba. The vessel also faces Western sanctions tied to Ukraine.

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US President Donald Trump on Sunday night said he has “no problem” with a Russian oil tanker off the coast of Cuba delivering relief to the island, which has been brought to its knees by a U.S. oil blockade. “We have a tanker out there. We don’t mind having somebody get a boatload because th…

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WASHINGTON (AP) — The Department of Homeland Security is pausing the purchase of new warehouses intended to house immigrants as it scrutinizes all contracts signed under former Homeland Security Secretary Kristi Noem, according to a senior Homeland Security official.

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President Donald Trump lashed out at allies who have been unwilling to do more to support the U.S. war effort against Iran. The president on Tuesday told them to “go get your own oil” and said it was not America’s job to secure the Strait of Hormuz. Trump said the military could end its offensive in two to three weeks and that the U.S. won’t have anything to do with what happens next in the strait, which has been closed by the Islamic Republic. Instead, he told reporters, the responsibility for keeping the vital waterway open will rest with countries that rely on it.

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Australia is considering bringing court action against Facebook, Instagram, Snapchat, TikTok and YouTube after alleging they are not doing enough to keep Australian children younger than 16 off their platforms. Australia banned young children from holding accounts on 10 social media platforms in December. The first report from the eSAfety commission about compliance with the law was issued Tuesday. It found significant concerns with five platforms and was gathering evidence against them before deciding whether to initiate court action. The law also applies to Reddit, X, Kick, Threads and Twitch, but they aren't under investigation.

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A federal judge has agreed to permanently block the Trump administration from implementing a presidential directive to end federal funding for National Public Radio and the Public Broadcasting Service. The two are media entities that the White House has said are counterproductive to American priorities. U.S. District Judge Randolph Moss cited the First Amendment in his decision. The impact was not immediately clear — both because it will likely be appealed and because too much damage to the public-broadcasting system has already been done, both by the president and Congress.

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Travelers should expect delays when they fly through San Francisco International Airport after the Federal Aviation Administration this week cut a third of its arrivals because of safety concerns and runway construction.  The rule change announced Tuesday went into effect this week and means the airport will go from 54 arrivals an hour to 36. The San Francisco safety concerns are unique to that airport because of how close the parallel runways are and how complicated the airspace is with several surrounding airports.

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U.S. gas prices have jumped past an average of $4 a gallon for the first time since 2022 as fuel prices continue to soar worldwide amid the Iran war. According to AAA, the national average for a gallon of regular gasoline is now $4.02 — over a dollar more expensive than before the war began on Feb. 28, marking the largest monthly jump the motor club has seen on record. As drivers pay more to cover necessities like gas, many households may be forced to cut their budgets in other places. And as businesses face higher transportation costs, prices of things like groceries and other goods people buy each day could also rise.

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President Donald Trump has expressed frustration with allies who have been unwilling to help the U.S. war effort, telling them to "go get your own oil" as the conflict with Iran and its closure of the Strait of Hormuz sent average U.S. gas prices past $4 a gallon. He made the comments on social media after U.S. strikes hit a city that is home to one of Iran's main nuclear sites. Tehran meanwhile attacked a fully loaded Kuwaiti oil tanker in the Persian Gulf on Tuesday. The attacks showed the intensity of the war more than a month after the U.S. and Israel launched their first strikes. The conflict has left more than 3,000 dead.

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U.S. gas prices have jumped past an average of $4 a gallon for the first time since 2022 as fuel prices continue to soar worldwide amid the Iran war. According to AAA, the national average for a gallon of regular gasoline is now $4.02 — over a dollar more expensive than before the war began on Feb. 28. That's the largest monthly jump the motor club has seen on record. As drivers pay more to cover necessities like gas, many households may be forced to cut their budgets in other places. And as businesses face higher transportation costs, prices of things like groceries and other goods people buy each day could also rise.

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A real-life Las Vegas showgirl is suing Taylor Swift, saying the branding surrounding her album “The Life of a Showgirl.” Maren Wade filed the lawsuit against Swift in federal court on Monday. Wade began writing a newspaper column called “Confessions of a Showgirl” in 2014 and turned it into a live touring show. Her lawsuit says Swift's team knowingly stepped on her trademark and the huge wave of her popularity has effectively erased it. The suit seeks an injunction stopping Swift from using the brand, and financial damages to be determined later. A representative for Swift declined comment.

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U.S. stocks surged to their best day since last spring as doubt swung back to hope on Wall Street about a possible end to the war with Iran. The S&P 500 leaped 2.9% Tuesday for its largest gain since May. Just a day before, worries about the war had sent the main measure of Wall Street’s health more than 9% below its all-time high set early this year. The Dow Jones Industrial Average soared 1,125 points, or 2.5%, and the Nasdaq composite rallied 3.8%. Stocks strengthened after oil prices eased, which also sent yields lower in the bond market.

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Big league baseball players increased their potential war chest of cash and investments ahead of collective bargaining to $415 million heading into 2026, up from $284 million at the start of 2025, according to the union's annual federal disclosure form filed Tuesday.

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A federal judge has agreed to permanently block the Trump administration from implementing a presidential directive to end federal funding for National Public Radio and the Public Broadcasting Service. The two are media entities that the White House has said are counterproductive to American priorities. U.S. District Judge Randolph Moss cited the First Amendment in his decision. The impact was not immediately clear — both because it will likely be appealed and because too much damage to the public-broadcasting system has already been done, both by the president and Congress.

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U.S. stocks surged to their best day since last spring, and the Dow Jones Industrial Average soared more than 1,100 points as doubt swings back to hope on Wall Street for a possible end to the war with Iran. The S&P 500 leaped 2.9% Tuesday for its largest gain since May. Just a day before, worries about the war had sent the main measure of Wall Street’s health more than 9% below its all-time high set early this year. The Dow Jones Industrial Average jumped 1,125 points and the Nasdaq composite surged 3.8%. Oil prices eased to fuel the rally.

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Cuba’s deepening economic crisis is pushing struggling families into hunger and forcing them to rely on donations and the black market. One Havana mother says she sometimes has no lunch for herself and her daughters, as fuel shortages, daily blackouts and cuts to rationed food impact families across the island. Cuba’s once-lauded universal health care system has so deteriorated that it struggles to provide basic care. Hospitals face a critical backlog, with some 96,000 surgeries pending, including 11,000 for children, according to local authorities and the United Nations.

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There are some things you might expect, even count on, in a Super Mario Galaxy movie. The introduction of the celestial Princess Rosalina? Check. A scene of her reading bedtime stories to her adorable, glowing star children Lumas? Check. A wild revenge scenario that takes Princess Peach, Mar…

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Spice and flavorings company McCormick is combining with Unilever’s foods division, which includes household names like Hellmann’s and Knorr. The combined company will maintain McCormick’s name and leadership. But upon closing, Unilever and its shareholders are expected to own 65% of the food company’s outstanding equity, amounting $29.1 billion. Unilever would also get $15.7 billion in cash. Meanwhile, McCormick shareholders will own 35.0%. Unilever and McCormick confirmed they were in talks about a deal earlier this month, with Unilever attempting to streamline its business and focus on beauty and personal care products.

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In 1965, Filipino and Mexican American farmworkers in California became inextricably linked when they mobilized to strike against grape growers. Now, in the wake of recent allegations that Chavez took advantage of his position to sexually abuse young women and girls, Filipino Americans, including descendants of striking workers, are navigating how to celebrate this historic chapter moving forward. Filipino groups that typically march for César Chavez Day in March have canceled those plans. Advocates are supporting renaming the holiday and putting the focus on Filipino and Chicano farmworkers, particularly women. But, they are also emphasizing survivors of Chavez’s abuse remain top of mind.

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Top European diplomats are visiting Ukraine to mark the anniversary of atrocities committed in a town near Kyiv by Russia’s invading forces four years ago. U.S.-led efforts to end the war are on hold as Washington’s attention is gripped by the conflict in the Middle East. But European governments are keen to keep a spotlight on the war in Ukraine. A group of 12 European foreign ministers arrived by train on Tuesday in the Ukrainian capital. They were welcomed in Kyiv by Ukrainian Foreign Minister Andrii Sybiha who noted the “grim anniversary” of the atrocities in Bucha. Ukraine’s long-range drones meanwhile hammered Russian oil facilities in the Baltic Sea on Monday night.

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U.S. consumer confidence inched higher in March despite soaring energy prices brought on by the war in Iran. The Conference Board said Tuesday that its consumer confidence index rose modestly to 91.8 in March from 91 in February. The board said that while rising costs due to tariffs and spiking oil prices induced by the conflict in the Middle East did not affect the topline confidence reading, there was increasing pessimism in other measures of the survey, including expectations of higher inflation. Respondents’ comments about oil, gas and war spiked and consumers’ 12-month inflation expectations surged to levels last seen in August 2025.

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Vice President JD Vance has a new book about his religious faith and adult conversion to Catholicism. HarperCollins Publishers tells The Associated Press the book is called “Communion: Finding My Way Back to Faith” and comes out June 16. Vance says the book explains how he lost his faith and regained it. Vance has said he evolved from Christianity to atheism to Catholicism, linking the change to finding purpose. The publisher says Vance wrote the book himself starting in 2019 and included material on his time in politics. The “Hillbilly Elegy” author was elected to the Senate as a Republican from Ohio in 2022 and became Donald Trump's running mate two years later.

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Once a semester, a Cornell University instructor requires her students to complete an in-class assignment using typewriters — an exercise to help them understand what writing, thinking and classrooms were like before everything turned digital. The exercise started in 2023, as Grit Mathias Phelps grew frustrated that her German language students were using generative AI and online translation platforms to churn out grammatically perfect assignments. The revival is part of a national trend toward old-school testing methods like in-class pen-and-paper exams and oral tests to prevent AI use for assignments on laptops.