Category Archives: WBAP 24/7 News

Powell Signals Fed May Cut Rates Soon Even as Inflation Risks Remain

Powell Signals Fed May Cut Rates Soon Even as Inflation Risks Remain

JACKSON HOLE, Wyo. (AP) — Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs…MORE

What to Know About China’s New Regulations on Rare Earths

What to Know About China’s New Regulations on Rare Earths

BANGKOK (AP) — China has released new interim measures to tighten controls on mining and processing of rare earths that are used in many high-tech products including electric vehicles, smartphones and fighter jets. The rules released Friday by the Ministry of Industry and Information Technology apply both to rare earths originating in China and those…MORE

Trump Says He’ll Keep Extending Tik-Tok Shutdown Deadline

Trump Says He’ll Keep Extending Tik-Tok Shutdown Deadline

WASHINGTON (AP) — President Donald Trump is calling national security and privacy concerns related to TikTok and its Chinese parent company highly overrated. He said he’ll keep extending the deadline for the popular video sharing platform until there’s a buyer. Congress approved a U.S. ban on TikTok unless its parent company, ByteDance, sold its controlling…MORE

Nvidia’s CEO Says It’s in Talks With Trump Administration on a New Chip for China

Nvidia’s CEO Says It’s in Talks With Trump Administration on a New Chip for China

BANGKOK (AP) — Nvidia CEO Jensen Huang says the company is discussing a potential new computer chip designed for China with the Trump administration. Huang was asked about a possible “B30A” semiconductor for artificial intelligence data centers while on a visit to Taiwan. He said Nvidia was “in dialogue” with the U.S. government on the…MORE

Fort Worth Hires Eddie Garcia as New Police Chief

Fort Worth Hires Eddie Garcia as New Police Chief

(WBAP/KLIF) — WFAA News 8 — Fort Worth has named the city’s next chief of police, and he’s a familiar face in North Texas. Former Dallas Police Chief Eddie Garcia was selected to lead the Fort Worth Police Department’s nearly 1,900 officers over Fort Worth Interim Police Chief Robert Alldredge Jr. and former Dallas Police…MORE