Whipsawed markets found another worldwide rally. U.S. stocks rose Wednesday after President Donald Trump appeared to back off his criticism of the Federal Reserve and to temper his talk on trade. Treasury yields also eased in the U.S. bond market after Mr. Trump said he has no intention to fire the Fed’s chair and that his tariffs could come down on Chinese imports. – The Associated Press
Russia struck Ukraine’s capital Thursday. Ukraine’s President Volodymyr Zelenskyy said he is cutting short his official trip to South Africa and returning home after a strike on Kyiv killed at least nine people and injured more than 70. Mr. Zelenskyy said that Ukraine had agreed to a U.S. ceasefire proposal 44 days ago, as a first step to a negotiated peace, but that Russia’s attacks had continued. – AP
An Israeli strike on a school-turned-shelter killed 23 people in Gaza City. Among them was a child, local health officials say. The Wednesday strike – amid a collapsed ceasefire and struggling Israel-Hamas talks – came as humanitarian safe zones, strips of territory Israel pledges not to strike, have disappeared from Israeli military maps, Israeli media outlets confirm. Prior to January, Israel designated a coastal safe zone and urged tens of thousands of Gaza Palestinians to evacuate there. – Staff
Elon Musk said he will step back from DOGE. The Tesla chief executive says he’ll be spending less time in Washington. His electric vehicle company reported a 71% drop in profits and a 9% decline in revenue for the first three months of the year. It faced angry protests over Mr. Musk’s leadership of the budget-cutting Department of Government Efficiency. Tesla is aiming to launch a paid driverless robotaxi service in Austin, Texas, in June. – AP
Jordan banned its largest opposition group. The Wednesday action against the Muslim Brotherhood was taken based on claims that a militant cell was linked to the Islamist movement. The ban, issued one week after Jordanian authorities uncovered an illicit missile factory in Amman run by Brotherhood members, came amid heightened tensions over the Jordanian Brotherhood’s links to Hamas. With Jordan’s crackdown, the Muslim Brotherhood – 14 years ago an ascending conservative political movement across the Arab world – can now operate only in the Gaza Strip. – Staff
A congressional delegation visited detainees. This week, Democratic lawmakers visited Mahmoud Khalil and Rümeysa Öztürk, held in Louisiana, to protest their detention. The government accuses the foreigners of spreading antisemitism and supporting Hamas; their supporters claim due-process and free-speech violations. The lawmakers said they heard complaints of lack of medical care and religious accommodations. This is about “what kind of country we want to be,” said Rep. Jim McGovern, of Massachusetts, after the trip. Another Democrat, Sen. Chris Van Hollen of Maryland, recently visited wrongfully deported Kilmar Ábrego García in El Salvador. – Staff
A veteran news executive quit over independence. Bill Owens, executive producer for CBS News’ “60 Minutes” and a 37-year veteran at the network, resigned Tuesday from the flagship show, citing loss of editorial control linked to the network’s legal and financial problems. President Trump is suing CBS for $20 billion over how it edited a Kamala Harris interview, and has demanded an apology and editorial concessions. The incident comes as media outlets strive to regain credibility and find themselves under attack – including from the White House. – Staff