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World News Headlines - Yahoo News
World News Headlines - Yahoo News

U.S. seeks to soothe Turkey ties, press fight against Islamic State
By Patrick Markey ISTANBUL (Reuters) - The last time U.S. Vice President Joe Biden flew to Turkey, in January, he had a stern message for President Tayyip Erdogan: his model of Islamic democracy was setting a bad example by intimidating media and threatening academics. Turkish officials have been incensed by the concerns expressed by Washington and European capitals about Ankara's subsequent crackdown on suspected plotters, but what they perceive as indifference to the coup attempt itself. A weakening of the U.S.-Turkish alliance is a concern for the United States, which is counting on support from Turkey - which has NATO's second-biggest military - in the battle against Islamic State.

Italy quake death toll hits 281, state funeral planned
By Steve Scherer and Gabriele Pileri PESCARA DEL TRONTO, Italy (Reuters) - Hopes of finding more survivors from Italy's powerful earthquake faded on Friday, with the death toll rising to 281 and the rescue operation in some of the stricken areas called off. Three days after the quake struck the mountainous heart of the country, sniffer dogs and emergency crews continued to scour the town of Amatrice, which was leveled in the disaster, but there was no sign of life beneath the debris. "Only a miracle can bring our friends back alive from the rubble, but we are still digging because many are missing," town mayor Sergio Pirozzi told reporters.

U.S. Navy ship fires warning shots at Iranian vessel
By Idrees Ali WASHINGTON (Reuters) - A U.S. Navy ship fired warning shots toward an Iranian fast-attack craft that approached two U.S. ships, a Pentagon spokesman said on Thursday, in the most serious of a number of incidents in the Gulf area this week. "They did feel compelled ultimately to fire three warning shots and the reason for that is... they had taken steps already to try and de-escalate this situation," spokesman Peter Cook told reporters. Tensions have increased in the Gulf in recent days despite an improvement in relations between Iran and the United States.

Yahoo Sports
Yahoo Sports

How Rockets plan to build around James Harden (Yahoo Sports)
The Vertical’s Adrian Wojnarowski sat down with Rockets Executive VP of Basketball Operations Gersson Rosas to talk about the impact of James Harden’s extension, and how new coach Mike D’Antoni plans to build around their superstar.

Lacrosse players raised $1 million for veterans (Yahoo Sports)
Shootout for Soldiers, a summer-long series of 24-hour lacrosse games, has raised over $1 million for veterans.

Roundtable: Who will blow it down the stretch? (Yahoo Sports)
There are plenty of contending teams looking to cement their place in the 2016 postseason. But they can't all make it, can they?

Business News Headlines - Yahoo! News
Business News Headlines - Yahoo! News

Fed's Yellen sees stronger case for interest rate hike
The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bankand other policymakers said on Friday in comments that left the door open for a hike as early as next month. Fed Chair Janet Yellen told a global monetary policy conference that the case for a rate increase had grown stronger, while Fed Vice Chair Stanley Fischer suggested a move could come at the central bank’s September policy meeting if the economy was doing well.

For the Fed's Yellen 'conventional' unconventional policy is enough
By David Chance WASHINGTON (Reuters) - For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using the tools currently at her disposal. Speaking in Jackson Hole, Wyoming, on Friday after a Fed policymaker and other economists proposed a radical overhaul of central banking, Yellen argued that bond purchases and the ability to pay interest on excess reserves as well as forward guidance would be enough to combat any downturn. "Our current toolkit proved effective last December (when the Fed raised rates)," Yellen said in a speech in which she firmed up expectations of a second rate rise from the Fed, possibly as soon as September.

Wall Street slips in wake of comments by top Fed officials
U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve officials. The S&P 500 rose after Fed Chair Janet Yellen said the case for raising rates had strengthened but did not indicate when the Fed would act. Yellen told a gathering of central bankers from around the world in Jackson Hole, Wyoming, the U.S. economy was nearing the central bank’s goals of maximum employment and price stability but that future hikes should be “gradual”.

Yahoo News - Latest News & Headlines
Yahoo News - Latest News & Headlines

Judge blocks N.C.'s transgender bathroom law
The ruling means two students and a UNC employee can use bathrooms matching their gender identity.

Honoring working dogs on National Dog Day
Service dog “Titan” hangs out off the floor of the Quicken Loans Arena on first day of the Republican National Convention in Cleveland, Ohio, July 18, 2016. (Tom Williams/CQ Roll Call)

Immigration hardliner's warning for Trump
GOP Rep. Steve King says that if the candidate is changing his position, it could prompt supporters to stay home.

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