Pizza Hut, overtaken by the arrival of delivery culture, will be sold for $2.7 billion

PLANO (AP) – Pizza Hut, the 68-year-old chain that has long struggled with growing competition and outdated restaurants, will be sold for $2.7 billion by parent company Yum Brands.

Yum Brands said this week that the private equity firm LongRange Capital will buy Pizza Hut, excluding the mainland China business, for about $1.5 billion.

In mainland China, Pizza Hut will be purchased by Yum China Holdings Inc. for approximately $1.2 billion, the company said. China is Pizza Hut’s second-largest market outside the U.S., accounting for 19% of sales. Yum China Holdings Inc. spun off from Yum Brands and became an independent company in 2016.

Yum Brands, which also owns KFC and Taco Bell, began to explore its options for Pizza Hut in November. Last year, Yum Brands’ global sales rose 5% but Pizza Hut’s sales fell 2%.

In February, Yum Brands announced plans to close 250 U.S. Pizza Hut locations. Pizza Hut had 19,974 restaurants worldwide at the end of last year.

“Pizza Hut has long been the weak link in Yum’s portfolio,” Neil Saunders, managing director of GlobalData, wrote Tuesday. “Despite efforts to revitalize the brand and shut underperforming locations, it has become increasingly clear that pushing the division back into growth will require a level of investment and patience that Yum is just not prepared to commit to.”

Pizza Hut was founded in 1958 in Wichita, Kansas, by two brothers who borrowed $600 from their mother to open the store. They chose the name because their sign only had room for eight letters.

Pizza Hut’s familiar red roof debuted in 1969 and by 1971 it was the top pizza chain in the world by sales. PepsiCo acquired Pizza Hut in 1977 but spun off its restaurant division — which became Yum Brands — in 1997.

By the 1980s, Domino’s was the fastest-growing U.S. pizza company, buoyed by its promise of 30-minute delivery. As pizza carryout and delivery grew in popularity, Pizza Hut was saddled with large, dine-in restaurants. In 2020, even as pizza delivery boomed during the COVID-19 pandemic, Pizza Hut closed 300 U.S. restaurants.

The chain has been further pinched in recent years by the growth of DoorDash, Uber Eats and other restaurant delivery companies which marketed access to a slew of cuisines besides pizza.

U.S. pizza sales have slowed considerably since the pandemic, growing less than 1% in 2024 and falling less than 1% in 2025, according to Technomic, a restaurant consulting company. But Pizza Hut performed worse than average, with U.S. sales down 8.2% last year, Technomic said.

By selling Pizza Hut, Yum Brands can focus more on its brands with stronger sales, Yum CEO Chris Turner said.

“Under LongRange and Yum China, Pizza Hut will be well positioned for future growth with ownership that brings deep expertise in the restaurant industry,” Turner said in a statement.

Connecticut-based LongRange Capital was founded in 2019 by Bob Berlin, who previously engineered a turnaround at Arby’s when he led private equity investments at The Baupost Group. Berlin said Tuesday he looked forward to working with Pizza Hut’s executive team and franchisees “to drive its next phase of growth.”

“Pizza Hut is a beloved global brand with a rich heritage and a loyal customer base that few brands can match,” Berlin said in a statement.

Asked Tuesday if LongRange planned to close any Pizza Hut locations, the company said it had no comment beyond Berlin’s statement.

Yum Brands, based in Louisville, Kentucky, expects the sale in U.S. and China to close in the third quarter. The global corporate headquarters for Pizza Hut is in Plano, Texas.

Identity released fatal wreck

Identity released  fatal  wreckRUSK COUNTY — The White Oak Community Church has created a fundraiser to help the family of Tracy Fears after he was killed in a car crash in Rusk on Saturday.

According to our news partner KETK, the Texas Department of Public Safety said the crash was caused when Tanner Templeton was driving westbound on FM 1639 and while he was approaching the intersection, he drove past a stop sign without stopping and was struck by a pickup truck traveling northbound on FM 3053.

After striking Templeton’s car, one of the trucks driven by Tracey Fears was pushed into oncoming southbound traffic and struck head-on by another truck. After being hit by the truck, Fears was pronounced dead on the scene and his two passengers were taken by helicopter to a local hospital after suffering serious injury.

Following the crash, the trooper noticed that Templeton had a strong odor of alcohol coming from his breath, along with glassy eyes and slurred speech, prompting the trooper to issue a field sobriety test. Continue reading Identity released fatal wreck

Reports of stolen dogs under investigation

Reports of stolen dogs under investigation SMITH COUNTY — The Smith County Sheriff’s Office is investigating two reports of dogs stolen from their homes over the weekend. According to the sheriff’s office and our news partner KETK, on Saturday, they were notified that a Blue Merle Australian Shepherd named “Pickles” was stolen from its owners’ backyard on FM 850.

Later that day, the sheriff’s office received an additional report that a 14-year-old Miniature Australian Shepherd named “Molly” had been stolen from her owner’s residence on County Road 43.

The sheriff’s office does not believe there is any connection between the two thefts at this time, as they occurred on opposite sides of Smith County. Anyone with information about the whereabouts of either of these two dogs, please call the Smith County Sheriff’s Office at (903) 566-6600.

SFA discrimination lawsuit moves forward

NACOGDOCHES — A lawsuit filed in 2025 against Stephen F. Austin State University, claiming to have violated the Title IX rights of student athletes, continues to move forward in court, despite Monday’s ruling to remove five plaintiffs as individuals.

Last year, SFA decided to axe three women’s sports teams: beach volleyball, bowling and golf. According to SFA, the programs were eliminated because of budget deficits and upcoming revenue-sharing requirements.

Consequently, seven student-athletes filed a lawsuit against the institution, claiming that the university discriminated against its female student-athletes by eliminating the teams. Continue reading SFA discrimination lawsuit moves forward

Grants to reimburse states for border security costs through working families tax cuts

WASHINGTON, DC – U.S. Senator John Cornyn released the following statement after the U.S. Department of Justice officially opened s Cornyn-created program for applications from eligible states. In addition to the nearly $10 billion fund announced earlier this month by the U.S. Department of Homeland Security, the $3 billion fund was authorized through a provision led by Sen. Cornyn as the Working Families Tax Cuts Act. A total of $13.5 billion in funding will be reimbursed to secure the border.

“For four years, President Biden’s disastrous open-border policies wreaked havoc on our nation, and no state did more during that time to fill in the gaps to try to protect and defend the southern border than Texas,” said Sen. Cornyn. “I’m glad the Department of Justice has followed through on my reimbursement provision by opening the application process for funding to reimburse states like Texas for the billions of dollars spent to try and secure the border after Joe Biden’s dereliction of this federal responsibility. Coupled with the funding delegated to the Department of Homeland Security, states who pitched in on border security efforts can now apply for reimbursement for costs incurred by their taxpayers during the Biden administration.”

Background:

Senator Cornyn has led the fight in Washington to secure federal reimbursement for Texas by, swiftly backing Governor Abbott’s request for Texas to be reimbursed for the taxpayer dollars spent on Operation Lone Star, calling attention to the on-going reimbursement effort on the Senate floor, meeting with the governor and members of the Texas congressional delegation to discuss the legislative strategy for the reimbursement push, holding on-going meetings and phone calls with Gov. Abbott, Senate and House leadership, and congressional colleagues regarding the effort, leading legislation in the Senate to set aside $13.5 billion in funds to reimburse states for costs they incurred to secure the border as ‘a result of the Biden Administration’s disastrous immigration policies’, and, leading a letter with members of the Texas congressional delegation to the Departments of Justice and Homeland Security – urging them to prioritize the release of funds set aside to reimburse Texas for the more than $11 billion spent on border security efforts.

6 injured in apparently targeted acid attack in New Jersey, juvenile suspect arrested: Police

First responders at the scene of a reported acid attack in Jersey City, New Jersey, June 15, 2026. (WABC)

(NEW JERSEY) -- Six people were injured, including three teenagers, in an apparently targeted acid attack in New Jersey, police said.

A juvenile has been arrested in connection with the incident, with charges pending, a police spokesperson said Tuesday.

The incident occurred Monday night in a residential area of Jersey City, officials said.

The victims were outside when "individuals riding in a vehicle drove up and threw what is believed to be sulfuric acid at them," Kim Wallace Scalcione, a spokesperson for Jersey City's Department of Public Safety, said in a statement.

"The incident appears to have been targeted and may have stemmed from a dispute between a large group of people earlier in the day," she said.

The victims were transported to a local hospital with non-life-threatening injuries, including skin burns and peeling. One of the victims, a 21-year-old woman, was transferred to a burn unit on Tuesday to be treated for second-degree burns to her face and scalp, Wallace Scalcione said.

Jersey City Mayor James Solomon said he has directed police to "use its full resources" on the investigation, which remains ongoing.

"My thoughts are with those hurt in this horrific attack, and I want our communities to know that violence like this has absolutely no place on our streets," Solomon said in a statement.

Copyright © 2026, ABC Audio. All rights reserved.

Oil drops below $80 per barrel, while tech stocks weigh on a mixed Wall Street

Oil drops below  per barrel, while tech stocks weigh on a mixed Wall StreetNEW YORK (AP) — Oil prices sank again Tuesday and dropped below $80 per barrel for the first time since early March, while U.S. stocks drifted near their all-time highs in mixed trading.

The S&P 500 slipped 0.6% and pulled 1.3% below its record set earlier this month. The market was nearly evenly split between stocks rising and falling, and the Dow Jones Industrial Average added 328 points, or 0.6%, to set a record for the second straight day. But drops for some influential tech stocks pulled the Nasdaq composite down 1.2%.

Stocks that had benefited from the boom in artificial-intelligence technology weighed on the market in particular following vicious swings over the last couple weeks.

They’ve been leading the market up and down amid worries that their stock prices shot too high in the mania around AI. That’s taken a toll because chip companies, makers of computer memory and other AI winners have grown so massive that they’ve become some of Wall Street’s most influential stocks.

Drops of 2.4% for Nvidia, 4.4% for Broadcom and 6.2% for Micron Technology were the heaviest weights pulling the S&P 500 lower.

Dave & Buster’s Entertainment sank 6.2% after reporting a weaker profit for the latest quarter than analysts expected, while Robinhood Markets fell 1.4% after the investing platform said that it’s laying off about 10% of its full-time employees.

On the winning side of Wall Street was SpaceX, which rose 4.8% for its third straight gain since its debut on the U.S. stock market. It said it’s moving forward with a purchase of Cursor, a popular AI coding assistant, valuing it at $60 billion.

Yum Brands climbed 1.9% after it said it’s selling the Pizza Hut chain for $2.7 billion. Most of the restaurants will go to LongRange Capital, a private equity firm. Those in mainland China will go to Yum China Holdings.

All told, the S&P 500 slipped 42.94 points to 7,511.35. The Dow Jones Industrial Average rose 328.64 to 51,999.67, and the Nasdaq composite fell 307.60 to 26,376.34.

The strongest action was in the oil market, where optimism continued that a tentative U.S.-Iran deal on their war will reopen the Strait of Hormuz at the end of the week and get the global flow of oil going again. The price for a barrel of Brent crude fell 5.1% to settle at $78.96.

Oil prices fall as stocks drift.

In stock markets abroad, indexes rose in Europe following a mixed performance in Asia.

Tokyo’s Nikkei 225 briefly topped 70,000 for the first time before ending with a modest gain of 0.1% after the Bank of Japan raised its benchmark interest rate to 1%. That’s its highest level in three decades, and it followed a similar move by the European Central Bank last week.

The Federal Reserve began its own meeting on what to do with interest rates Tuesday, with an announcement on the decision scheduled for Wednesday.

It’s the first meeting under the Fed’s new chair, Kevin Warsh, who was nominated by President Donald Trump. Trump has been pushing for lower interest rates, which would give the economy a boost but also threaten to worsen inflation. The widespread expectation, though, is that the Fed will leave its main interest rate alone again.

In the bond market, the yield on the 10-year Treasury fell to 4.43% from 4.47% late Monday and from 4.56% earlier this month.

High yields in bond markets worldwide caused by expensive oil prices have threatened to slow economies and undercut prices for all kinds of investments, including stocks and cryptocurrencies.

High yields have already sent mortgage rates higher, and a report on Tuesday said construction crews broke ground on far fewer new U.S. homes in May than economists expected.

ICE says relaxed detention standards ‘reduce the burden’ on contractors running its lockups

EL PASO (AP) – Contractors running Immigration and Customs Enforcement facilities can rely more heavily on artificial intelligence tools to communicate with detainees and continue refusing to pay the minimum wage for detainees’ “voluntary work,” under relaxed detention standards released Monday.

ICE said the standards, which apply to for-profit contractors and jails that hold detainees, were revised to “reduce the burden on our detention operators.” Experts said the changes would help contractors limit legal liability, reduce costs and get more operational flexibility while doing little, if anything, to improve conditions for roughly 60,000 people currently detained.

“100% it’s going to result in deterioration of already problematic conditions of detention,” said Michelle Brane, a former Department of Homeland Security ombudsman who oversaw immigration detention practices during part of the Biden administration. “It’s consistent with their general practice, which is to eliminate accountability and oversight. They are not concerned with people’s basic rights or safety of detainees.”

The revisions come as ICE detention facilities are reporting deaths in unprecedented numbers and face accusations of medical neglect, inadequate food and other inhumane conditions. They come as ICE is flush with cash, receiving more than half of the $70 billion immigration enforcement spending bill signed by President Donald Trump last week.

Dr. Sanjay Basu, an public health researcher who has studied ICE custody deaths, said the changes include “genuine improvements” to suicide prevention standards and mental health care. But he said the overall trajectory is “toward weaker standards governing a growing share of the detained population.”

ICE said the changes streamline its rules and move toward more relaxed standards used by the U.S. Marshals Service to hold pretrial federal inmates in jails. The agency said it considered input from operators “alongside operational, legal and policy requirements when making a final decision.”

Dr. Homer Venters, an expert on correctional health care, said the changes could curtail access to language assistance by eliminating mandates that required in-person and telephone interpretation and translation services.
New standard allows use of AI

The revised standard says facilities can use artificial intelligence tools such as machine-learning-based translation or generative AI for “noncritical communication” or “informal interactions with detainees.” That communication could include giving and receiving information to or from detainees during intake, having conversations with detainees in housing units and responding to a detainee’s grievance or other concerns, it says.

Venters called the changes alarming because grievances often include “very urgent or even emergent information such as when a patient has been denied lifesaving care.” He said the rule also leaves unclear whether health assessments, crucial to flagging medical and mental health conditions, could be conducted through AI.

ICE said the standards ensure contractors provide interpretation and translation services “at no cost to the detainees.”

Several experts said they were concerned by a change that bars facility operators from refusing to admit any detainee ICE sends them.

The change means facilities may not be able to immediately refer severely ill or disabled detainees whom they cannot accommodate to hospitals or other settings for care — but it could reduce their liability for subsequent deaths. A related rule change requires facilities to request that ICE transfer detainees they cannot serve elsewhere, but that might not happen for several days after they are admitted.
A favor to contractors

New language making clear that detainees who participate in voluntary work programs are not employees and therefore not entitled to wages and benefits “is a favor” to ICE’s for-profit contractors, said Dora Schriro, former director of ICE’s Office of Detention Policy and Planning during the Obama administration.

For years, advocates for detainees have argued in lawsuits that these programs, in which detainees receive a stipend of as little as $1 per work day, amount to forced labor. The lawsuits have sought millions of dollars in unpaid wages from ICE contractors like GeoGroup and CoreCivic, and now they could face tougher odds of success by strengthening their legal defenses, Schriro said.

Another change bars facilities from paying above the longtime $1-per-day minimum stipend, which was allowed under the previous standard and an argument that had been used against contractors in court, said Carmen Iguina Gonzalez, an immigration detention expert at the American Civil Liberties Union.

Claire Trickler-McNulty, a former DHS and ICE official who is an expert on detention standards, said ICE could use its increased budget to improve conditions instead of “lowering standards across the board.” She recalled that under prior administrations, she pushed ICE facilities to add soccer fields and other recreation and visitation improvements with leftover money.

“Their goal is to make it easier for the jail operators,” she said. “No longer are they trying to make sure the focus is on the detainees and their care and the experience in custody.”

PATH holds fan drive

PATH holds fan driveTYLER– As temperatures continue to rise across East Texas this summer, local nonprofit PATH is holding its annual box fan drive throughout this month to keep East Texans cool. According to our news partner KETK, the annual “Beat the Heat Fan Drive” aims to provide hundreds of new box fans to vulnerable low-income East Texas families to combat serious threats posed by the heat during this time of year.

After donating over 1,000 fans last summer, PATH is now partnering with Meals on Wheels to focus on providing fans to households that did not receive one last summer. Donations of new box fans can be dropped off directly at the PATH location on Front Street in Tyler. Also, those interested can contribute monetarily through the PATH website.

PATH will be accepting donations until the end of June.

New development for death row inmate

New development for death row inmatePALESTINE – Robert Robertson continues to challenge his 2003 conviction in the death of his young daughter, Nikki. Robertson is currently sitting on death row. Last Friday, Robertson’s attorney submitted written arguments showing how a court decision that set a Texas man free in 2024 should also apply in Robertson’s case.

Andrew Rourke was freed after spending 35 years in prison when new scientific discoveries debunked the shaken baby theory used in his conviction in 2000. Robertson was sentenced to death using the same theory. Robertson’s execution was stayed by the Texas Court of Criminal Appeals in October, halting his execution for a third time. The state missed last Friday’s deadline set by the judge and has instead filed another extension to submit their arguments.

Oil prices fall below $80 per barrel, while US stocks drift

Oil prices fall below  per barrel, while US stocks driftNEW YORK (AP) — Oil prices are sinking again Tuesday and pulled back below $80 per barrel for the first time since early March, while the U.S. stock market drifts near its all-time high.

The S&P 500 slipped 0.2% following a rally that’s brought it back within 1% of its record set earlier this month. The Dow Jones Industrial Average was up 502 points, or 1%, as of 12:46 p.m. Eastern time, and the Nasdaq composite was 0.5% lower.

With optimism continuing that a tentative U.S.-Iran deal on their war will reopen the Strait of Hormuz at the end of the week and get the global flow of oil going again, the price for a barrel of Brent crude fell 5.4% to $78.66.

Significant hurdles remain in the negotiations, including what to do with Iran’s nuclear program. But the hope on Wall Street is that this agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The price of Brent has come down sharply from its $100-plus level of a few weeks ago, though it could still take months for the energy industry to get back to full speed.

On Wall Street, stocks benefiting from the boom in artificial-intelligence technology were weighing on the market following their vicious swings over the last couple weeks. They have been leading the market up and down amid worries that their stock prices shot too high, too quickly in the mania around AI. That’s taken a toll because chip companies and other AI winners have grown so big that they’ve become some of Wall Street’s most influential stocks.

Drops of 1.7% for Nvidia and 3.5% for Micron Technology were the two heaviest weights pulling the S&P 500 lower.

Robinhood Markets fell 1.6% after the investing platform said in a regulatory filing that it’s laying off about 10% of its full-time employees, while Dave & Buster’s Entertainment sank 5% after reporting a weaker profit for the latest quarter than analysts expected.

On the winning side of Wall Street was SpaceX, which rose 12.8% toward a third straight gain since its debut on the U.S. stock market. It said it’s moving forward with a purchase of Cursor, a popular AI coding assistant, valuing it at $60 billion.
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Yum Brands climbed 2.2% after it said it’s selling the Pizza Hut chain for $2.7 billion. Most of the restaurants will go to LongRange Capital, a private equity firm. Those in mainland China will go to Yum China Holdings.

In stock markets abroad, indexes rose in Europe following a mixed performance in Asia.

Tokyo’s Nikkei 225 briefly topped 70,000 for the first time before ending with a modest gain of 0.1% after the Bank of Japan raised its benchmark interest rate to 1%. That’s its highest level in three decades, and it followed a similar move by the European Central Bank last week.

The Federal Reserve is beginning its own meeting on what to do with interest rates Tuesday, with an announcement on the decision coming Wednesday.

It will be the first meeting under the Fed’s new chair, Kevin Warsh, who was nominated by President Donald Trump. Trump has been pushing for lower interest rates, which would give the economy a boost but also threaten to worsen inflation. The widespread expectation, though, is that the Fed will leave its main interest rate alone again.

In the bond market, the yield on the 10-year Treasury fell to 4.43% from 4.47% late Monday and from 4.56% earlier this month.

High yields in bond markets worldwide caused by expensive oil prices have threatened to slow economies and undercut prices for all kinds of investments, including stocks and cryptocurrencies. High yields have already sent mortgage rates higher, and a report on Tuesday said construction crews broke ground on far fewer new U.S. homes in May than economists expected.

Senators introduce bill to support military home school families

WASHINGTON, D.C. – U.S. Sens. Ted Cruz (R-Texas), Ted Budd (R-N.C.), and Ashley Moody (R-Fla.) introduced the Continuity of Military Parents’ Academic Schooling and State Standards (COMPASS) Act. This legislation allows military families to continue following the homeschooling laws of the service member’s legal home state during Permanent Change of Station (PCS) moves, rather than immediately shifting to the laws of the new duty station state, reducing the burdens on those families and enhancing homeschooling options.

Sen. Cruz said, “Military families home school their children at roughly twice the rate of civilian families. Conflicting state homeschooling laws can undermine military readiness, family resilience, and retention by forcing service members and their spouses to navigate different requirements each time the Department of War relocates them. This bill will provide military home school families with the stability and flexibility they deserve. I’m proud to introduce it and urge my colleagues to move swiftly to pass this legislation.”

Sen. Budd said, “As a father of three children who benefited from a home school education, I am proud to be a strong advocate for home school families in the Senate. With many of our nation’s military families choosing to home school, it is important that their children’s education isn’t disrupted amidst the unpredictability of moving duty stations. I am proud to join Senator Cruz in introducing common-sense legislation to eliminate this unnecessary burden and streamline the homeschooling process for military families.”

Sen. Moody said, “Military families make many sacrifices so their loved ones can serve. They should not have to stress over a new set of homeschooling rules every time duty calls them to a new state. The COMPASS Act ensures the children of our service members can continue their education without disruption while their parents serve our country.”

U.S. Rep. Pat Harrigan (R-N.C.-10) introduced companion legislation in the House of Representatives.

Rep. Harrigan said, “Military families are already asked to sacrifice more than most Americans will ever understand, and when a service member gets PCS orders across a state line, the last thing their family should face is a bureaucratic penalty for following them. Twelve percent of active-duty military families home school, roughly double the civilian rate, because it is the one constant their kids can hold onto no matter where orders send them next. The Service members Civil Relief Act already protects military families from conflicting state laws on taxes, voting, and driver’s licenses. Senator Cruz and I are simply extending that same common-sense principle to homeschooling, ensuring that a family in compliance with their home state’s laws does not have to start over the moment they cross a state line in service to this country.”

This legislation is supported by the Home School Legal Defense Association (HSLDA), Military Child Education Coalition (MCEC), and Military Home schoolers Association.

Home School Legal Defense Association (HSLDA) President James R. Mason, Esq., (Lt. Cdr., U.S. Navy, Ret.) said, “HSLDA is pleased to support this critical legislation to support our service members and their families. Military families have long enjoyed the benefits that homeschooling offers, particularly given their high rate of moves. Homeschooling provides educational and emotional stability to children, and military families are almost twice as likely to home school as the civilian population. This bill will support our military families, providing educational stability during moves between states, and removing one more point of stress and paperwork on military families.”

Military Child Education Coalition (MCEC) President & CEO Mary Bier said, “Every permanent change of station brings disruption for military children. They do not choose it, and they cannot avoid it. The COMPASS Act recognizes that educational continuity is not a luxury for these children. It is a need. At the Military Child Education Coalition® (MCEC), we see how instability affects a military child’s learning, well-being, and sense of belonging. When a family is lawfully homeschooling under one state’s rules, they should not face a completely different set of requirements simply because military orders move them somewhere new. That is not meaningful oversight. It is an added barrier during an already difficult transition. Senator Cruz’s legislation removes that barrier in a thoughtful way, and MCEC is proud to support it.”

Military Home schoolers Association Founder and Executive Director Natalie Mack, M.Ed. said, “Military home school families often navigate multiple moves throughout a child’s education, creating challenges as they transition between different state home school laws and requirements. The Military Home Schoolers Association (MHA) appreciates Senator Cruz’s leadership in bringing attention to an issue that affects military home school families across the country. The COMPASS Act offers a practical solution by allowing military families to follow either the home school laws of their State of Legal Residence or those of the state where they physically reside. By reducing unnecessary administrative burdens, promoting educational continuity, and respecting parental choice, the legislation recognizes the unique realities of military service and helps families provide a stable, consistent education for their children while preserving the freedom to choose the educational path that best meets their needs.”

Smith County, Tyler Juneteenth schedule

Smith County, Tyler Juneteenth schedule
SMITH COUNTY – All non-emergency Smith County offices will be closed for business on Friday, June 19, for Juneteenth.

TYLER – All non-essential City offices will observe the following schedule on Friday, June 19, in observance of Juneteenth.

City Hall  
City Hall offices will be closed Friday, June 19.

Tyler Water Utilities
The Water Business Office will be closed Friday, June 19. The kiosk at the drive-through offers 24/7 access for water utility customers with its ability to accept checks, money orders, credit/debit cards, and cash payments. Those choosing to pay with cash should be aware that no change will be given. Continue reading Smith County, Tyler Juneteenth schedule

Threat of land seizures for a border wall has families on edge

BREWSTER COUNTY (AP) – Joe Carrasco is among 400 Texas landowners in the Big Bend region facing land seizure by the Trump administration for border security infrastructure. He and others have received letters from U.S. Customs and Border Protection asking them to allow contractors onto land to survey it or risk losing it through eminent domain. Despite mixed signals about building border barriers, the government has awarded contracts and waived environmental laws to expedite the process. Carrasco and others fear losing their land and way of life in an area that sees minimal migrant traffic. Some residents are uniting to fight the government’s plans, fearing the loss of their land and heritage.

As a teenager, Joe Carrasco would help his father pick onions and cotton on the family’s 40-acre ranch on the banks of the Rio Grande. On the weekends, he would mount his horse and wade across the river into Mexico, where he would race his horse and drink beers.

Today, Carrasco is 71, retired after 26 years working in the oil fields, sitting under a carport with a Michelob Ultra beer and staring at the mountains while his cows graze on his alfalfa farm.

“I like what I see,” he said.

But he doesn’t like what he sees coming.

Carrasco is one of an estimated 400 landowners in the Big Bend region whose land has been targeted by the Trump administration. Like other property owners along the Rio Grande, Carrasco received a letter from U.S. Customs and Border Protection earlier this year asking him to let contractors on his land to survey it or risk losing it through eminent domain.

Over the past year, the Trump administration has sent mixed signals about its plans to erect border barriers in this rugged, mountainous region, saying that it prefers other infrastructure such cameras, sensors and vehicle barriers inside Big Bend National Park and the neighboring Big Bend Ranch State Park.

Even though immigration officials have claimed they’re not building a wall in the parks, the federal government has awarded billions of dollars worth of contracts to companies that have previously built border walls for work within the parks.

It has also waived environmental laws in the state and national park to speed up the process. And contractors are seeking permits to access enough water to house hundreds of workers in the area who will be tasked with building some form of border security infrastructure.

But what is clear is that the federal government has threatened to seize land along broad swaths of the Rio Grande away from the parks. And that’s causing alarm up and down the river.

“I don’t want a wall, I want to see this view,” Carrasco said, pointing at the mountains on the Mexican side of the river.

One-quarter of the border, 1% of migrant traffic

Big Bend is the largest Border Patrol sector, covering 77 Texas counties and 517 miles of the 1,954-mile-long U.S.-Mexico border.

It is also the least busy.

According to U.S. Customs and Border Protection, the agency recorded 3,096 migrant encounters in the sector in fiscal year 2025, or 1.3% of the 237,538 apprehensions recorded across the entire U.S.-Mexico border. That is a 74% drop compared to the two previous fiscal years.

And in the first seven months of the current fiscal year, the sector has logged 1,236 encounters, a 42.5% drop compared to the first seven months of the previous year.

Still, the Trump administration has described the region as “an area of high illegal entry where illegal aliens regularly attempt to enter the United States and smuggle illicit drugs.” On Wednesday, a U.S. House of Representatives committee killed a proposal by U.S. Rep. Henry Cuellar, D-Laredo, to bar the Trump administration from erecting border barriers in Big Bend National Park.

The region is surrounded by rugged canyons and residents live mostly in isolation among desert plants and wildlife, including endangered species. Some residents can trace their family history to the founding of Redford in the 1870s. Others moved to the area more recently after experiencing its quietness and breathtaking views of the mountains. Some have started businesses catering to tourists such as renting river canoeing equipment or serving as river guides. Both old-timers and newcomers fear they would lose their way of life if the federal government seized their land for a border wall.

The threat of losing their land has galvanized some landowners, who say they’re appalled that the government would forcefully seize land in a state that prides itself on defending private property rights.

Some said that they feel powerless and lack the legal and financial resources to fight the federal government.

“I don’t want a wall, but if they’re going to build it, how am I supposed to fight it?” said Adan Madrid, 65, a descendant of one of the founding families. In March, he received a CBP letter offering $2,500 for a right of passage on his farm that sits near the riverbank, or risk losing the whole property, including his home, through eminent domain.

Other residents are trying to unite landowners to fight the Trump administration’s efforts, saying they won’t willingly give up land they’ve cultivated and handed down through generations for hundreds of years.

“It’s just something that’s been happening for generations, people coming in and trying to take land and families fighting to keep it,” said Yolanda Alvarado, 38, who also received a CBP letter seeking access to her land in nearby Pilares. “But I think this generation is more vocal and able to fight back. We have access to more resources and unlike older generations there isn’t a language barrier.”

“I just want to protect my dad’s land”

Carrasco, who lives mostly in Odessa but frequently visits his ranch, said he signed off on allowing a surveyor on his property, hoping that he could get additional information about what the federal government wants to do on his property and whether he would be paid for it.

He said he could use the money after an oil company he worked for declared bankruptcy and he lost $260,000 of his employer-sponsored 401K.

Carrasco said he’s one of the few Trump-supporting Republicans in Presidio County, a Democratic stronghold sandwiched between Republican-leaning Jeff Davis and Brewster, the two other counties that make up the Big Bend region.

He said he agreed with Trump that the Biden administration was to blame for hundreds of thousands of immigrants crossing the Texas-Mexico border.

But he did not expect the Trump administration would target his land for border security infrastructure.

He said he’s told CBP representatives that he doesn’t want a border wall because it would ruin his farm, cut off access to an irrigation pump that pushes Rio Grande water into his alfalfa farm and ruin the big sky mountain views he’s enjoyed his entire life. He said the contractors he’s spoken to have offered scant details on what they intend to build.

“I want to come down here and die here in however many years I have left,” he said, taking a drag from his cigarette. “But now I have to deal with this.”

Carrasco’s grandfather owned the ranch and gave parcels to Carrasco’s father, who eventually divided that land among Carrasco and his brothers and sisters. After Carrasco graduated from high school, he went to work in El Paso, nearly 300 miles upriver, before getting a job in the Odessa oil fields in the 1980s.

As his brothers and sisters either passed away or moved on from the family ranch, he continued to invest in it, building a second home and remodeling the original adobe home he and his father were born in.

When he retired four years ago, he began to focus more of his time here, adding a carport for his tractor and the ATVs he bought for his grandchildren. He fixed water pipes and added additional irrigation lines. He also put in a pool with an outdoor restroom.

“I just want to protect my dad’s land,” he said.

Jesus Valenzuela, Carrasco’s neighbor, hasn’t received any communication from CBP. But he is expecting it because his mobile home is about 200 feet from the Rio Grande.

His wife, Diana Valenzuela, 74, said it stresses her out not knowing if the federal government also plans to seize their land. She said they’re too old to move and couldn’t afford to find a new home.

After meeting in Roswell, N.M., where Diana was born and her husband lived for a while, they moved to Redford 40 years ago and raised two sons and a daughter on the riverbank. They now have 12 grandchildren, seven great grandchildren and one great great grandchild who all visit during their summer break from school.

Jesus Valenzuela, a retired commercial driver, compares the border wall to the dividing line between North and South Korea, something that will separate people on both sides of the Rio Grande who have always felt like a single community.

“But it’s like they don’t care who they step on,” Diana Valenzuela said.

Coming home again

Mario Peña, 62, was born and raised in Redford. He grew up on his family’s farm, growing onions and cantaloupe. Like Carrasco, he left to work in the oil fields, then started his own business as an oil field contractor.

The Peñas have not received any type of communication from CPB, but their neighbors on either side have. Peña said he expects the federal government will also want a piece of his farm.

“I’m willing to die to protect my land,” Peña said, sitting in a metal chair under a carport that overlooks the lush green farm that stretches to the river.

As his children got older, he said he began to miss the 40-acre farm, which he had inherited after his father died. Shortly before the start of the COVID pandemic, Peña started to revisit the farm and laid an irrigation pipe to pump river water to the fields for alfalfa. At the height of the pandemic, Peña moved into his childhood home fulltime. His son joined him later that year.

“I always wanted to come back home,” he said. “I have to do something for my dad before I die. To get the farm all green up to the river — that’s my goal.”

His son, Joaquin Peña, was laid off from his job at an oil field service company in nearby Monahans in 2020 and joined his father in reviving the family farm. His father named him after the Mexican bandit Joaquin Murrieta, memorialized in literature and movies for revenge hunting down the Anglo settlers who lynched his brother and raped his wife during the 1849 Gold Rush in California.

The son said that he supports his father in taking any legal action necessary to protect their land. He said his father has invested too much time and money to easily give it up for political reasons they don’t agree with.

“What’s the point of putting all this money into the farm if the government is just going to take it away from us?” the younger Peña said as he drove on a utility vehicle through a muddy access road with his white Great Pyrenees dog riding next to him.

“I’m not willing to live in a cage”

David Keller, 55, an archaeologist who previously worked for Sul Russ University in nearby Alpine, moved to the Big Bend region 25 years ago after completing his master’s degree in Montana. He was born and raised in Lubbock, but after moving to Redford he decided he would never leave.

He bought two properties, one on the riverbank. Like other landowners, he also received a CBP letter seeking permission to access his land. But like many here, he refused to sign anything.

“We are not against border security,” he said, standing on a dirt path next to his 7-year-old Poodle mix named Sola. But he doesn’t see the use for a border wall.

“People across the river are our family and friends, there’s no animosity, we’re not afraid of them,” he said. “So to put a border wall here, it’s the most wrongheaded thing to do.”

In 2022, Keller led an archaeological project that found new artifacts from a 1918 massacre, in which Texas Rangers killed 15 Mexican-American men and boys in nearby Porvenir. The Rangers at the time said they were targeting bandits raiding people’s ranches, but families of the victims have said they were innocent and the attacks were motivated by racism toward American citizens of Mexican descent.

He said the region is filled with overlooked Mexican-American and Native American history that could be lost if construction crews begin bulldozing new roads and scraping the ground to build a wall.

In Arizona, border barrier construction crews damaged a Native American archaeological site believed to be at least 1,000 years old. In El Paso, the Trump administration has also sued the Catholic Diocese of neighboring Las Cruces, New Mexico, for 14 acres of land at the bottom of Mount Cristo Rey, where a 29-foot-tall statue of Jesus Christ draws hundreds of pilgrims each year and overlooks Ciudad Juárez, El Paso and Sunland Park, N.M.

“This could destroy the feeling of this place,” Keller said. “I’m not willing to live in a cage.”

However, he said he has come across residents who are afraid to challenge the government out of fear of retaliation, partly because of historical precedent and because many residents depend on federal government jobs. He said he’s tried to convince those families that without their voices they may lose this battle.

Concepcion “Chon” Prieto, 87, inherited his 400-acre ranch on the riverbank in Redford from his grandmother. His family has been in the area for at least five generations, he said, and have survived hard times. In 1934, a Texas Ranger fatally shot one of Prieto’s cousins while searching for bandits, according to a book written by Keller. Prieto heard the story as a child and said the experience made his family wary of people coming onto their land.

Most of his family has moved away, but he said he stays in Redford to continue watching over the family land. He said he does not want to give it up and plans to sell the land to the person who is taking care of it for him.

“I would rather give it up to someone who cares about it than the government,” he said, sitting on a recliner surrounded by mail — including letters from CBP saying that the federal government wants feedback as part of a public comment period from owners with property on the riverbank.

School choice scholarship boom benefits kids already in private school

FORT WORTH (AP) — Soon, half of all American schoolkids will live in states that offer public money for a private education. Texas is the latest to join in, budgeting $1 billion to spend this fall on private school scholarships or homeschooling expenses. Next year, the federal government will start incentivizing private school scholarships in states that have never offered them before. In theory, these programs are supposed to give children an educational opportunity they wouldn’t otherwise have. In reality, students already in private school are most likely to benefit, an analysis by The Associated Press shows.

More families across the country are experimenting with private school as states — and soon the federal government — use taxpayer-supported scholarships to encourage them to leave public school. Soon, half of all American schoolkids will be able to apply for state money to finance a private education, and many states will offer the scholarships even to families with high incomes.

In theory, these programs are supposed to give children an educational opportunity they wouldn’t otherwise have. In reality, students already in private or home school are most likely to benefit, an analysis by The Associated Press shows.

The reasons are complicated. In some cases, public school families don’t know about these scholarship programs, known as vouchers or education savings accounts. They may lack transportation to get their kids to private school. Some worry their child won’t survive in a more strict disciplinary environment. Sometimes, as in Texas, the latest state to join the already $10.5 billion private school choice movement, the law is written to benefit families who know how to navigate complicated education systems.

Texas’ monumental program launches this fall, offering around $1 billion of public money to help families with private school or homeschooling expenses. The program funds education savings accounts — a type of scholarship that goes beyond just tuition, giving families money for everything from textbooks and music lessons to transportation and tech.

Republican-led states such as Indiana, Florida and Arizona have long offered taxpayer-funded scholarships for students attending private school or studying at home. But the movement to privatize education has surged under President Donald Trump, who has capitalized on growing skepticism of public schools.

For years, Texas had resisted launching a voucher program, as Democrats and rural Republicans blocked efforts they feared would divert money from public schools. Gov. Greg Abbott, a Republican, fast-tracked the creation of Texas Education Freedom Accounts last year with an assist from Trump. The president himself called GOP lawmakers to urge them to pass this part of his education agenda.

To get the votes, Texas Republicans abandoned a provision that would have awarded 80% of Freedom Accounts in the first year to students leaving public schools.

Without such a provision, evidence from other states is clear: The majority of scholarships will be used by students already in private or home schools.

In the end, the Texas legislation prioritized students from any type of school who have documented disabilities, plus their siblings. Those students, as long as their families earn less than $165,000 for a family of four, would be first in line when Texas awarded its Freedom Account scholarships this spring.

Next, the state prioritized lower-income children, whose families earn less than $66,000 for a family of four.

Today, nine states have taxpayer-funded scholarships to help students with special needs attend private school or learn at home.

But leaving the public school system is risky for many of these students, and special education advocates have long warned against it. Private schools aren’t legally required to admit students with special needs. Contreras was surprised to learn private schools also aren’t obligated to offer services to help kids with disabilities, as public schools are.

Despite decades of research on school choice, academic scholarship hasn’t kept pace with states targeting vouchers to students with disabilities. How those students are faring academically in traditional private schools is unknown.

 

SpaceX buys AI coding startup Cursor for $60 billion

STARBASE (AP) – SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk’s space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week.

SpaceX said in April that it had the rights to buy Cursor, or pay $10 billion to “work together” with the company.

In a regulatory filing Tuesday, SpaceX said that Cursor will become a wholly owned subsidiary when the deal closes in the third quarter.

Cursor, made by San Francisco startup Anysphere, is a popular AI coding assistant. What SpaceX has described as Cursor’s wide “distribution to expert software engineers” is likely part of what made it attractive to Musk’s company, giving it access to a new customer base.

When it first announced the potential acquisition, Cursor said the partnership with SpaceX subsidiary xAI would enable it to build future AI products using xAI’s massive AI data center complex Colossus, based in Memphis, Tennessee.

Cursor, which started in 2022, helped sparked a trend called “vibe coding” as AI coding assistants have become increasingly capable of doing the work of computer programming.

Cursor competes with other coding tools like Anthropic’s Claude Code and OpenAI’s Codex but also has relied heavily on partnerships with those larger AI research companies for the foundations of its technology.

It was Cursor’s Composer, combined with Anthropic’s Claude Sonnet, that a prominent AI researcher was playing with for weekend projects when he coined the phrase “vibe coding” in early 2025.

SpaceX became a public company on Friday in what is largely considered a successful debut. Shares of the company have jumped since Friday, and are up 9% before the opening bell Tuesday.

Nvidia’s Huang pledges AI will boost manufacturing jobs

SHERMAN (AP) — Jensen Huang’s company Nvidia makes the computer chips that unleashed a revolution in artificial intelligence. Now he’s wagering that an AI buildout can revive U.S. manufacturing, pushing past limits facing science and society.

That vision might hinge on a factory groundbreaking an hour north of Dallas.

Nvidia is formally unveiling on Tuesday plans for a major upgrade to its AI infrastructure as part of its $2 billion partnership with the factory’s owner, Coherent. The factory will produce the material for a laser to transmit data among computer chips, allowing those chips to work as a single system with more power, speed and efficiency, according to executives who discussed the technology before the public announcement.

“AI factories are the infrastructure of the new industrial revolution,” Huang said in a statement.

The factory represents a fundamental test of whether, as Huang believes, AI will be a source of job creation instead of a technology that supplants workers as it becomes possible to write software, analyze a spreadsheet, run an assembly line or even drive an automobile without much human effort.

Huang has led Nvidia as it became the world’s most valuable company, worth roughly $5 trillion, to a point where it’s looking beyond chips to developing entire AI systems. The companies expected to rely on those systems to further develop AI models could soon join the elite circle of those with a valuation of more than $1 trillion. Just how that wealth spreads and the consequences of the technology have rapidly evolved into fundamental debates about how America itself is structured.

AI is powering academic breakthroughs and it creates the promise of rapid economic growth. But even if stocks are buoyed by those possibilities, there are voters who see reasons for concern over its use of electricity, the potential for job losses and the newfound national security risks.

A shifting approach on AI

President Donald Trump’s administration, which once saw a light regulatory touch as essential for fostering AI’s development, has recently begun to reverse course. It placed export controls on the AI company Anthropic’s latest models, leading the company on Friday to shutter all public access to those models over security concerns.

Trump, a Republican, signed an order to have new AI models voluntarily vetted by the government. He has also mused about the government owning a stake in the companies that develop AI, so that the public could benefit from the expected windfall even if that would blur the lines between the public and private sectors.

Still, Trump depends on the AI boom to fuel economic growth, drive future gains in manufacturing and construction, and push the stock market to new heights. He has insisted on Huang accompanying him on foreign trips, most recently having Air Force One pick up the leather-jacketed CEO in Alaska while en route for the state visit to China.

Trump has called Huang “smart,” a “friend” and “amazing” — and he’s publicly recounted that he once mused about breaking up Nvidia because of its dominance, only to admit that Huang was someone that he needed as an ally.

“We are proud to have you in our country,” Trump told the Taiwanese immigrant last year.

AI buildout creating jobs

Coherent’s factory in Sherman, Texas — which includes Nvidia as a major customer — relied on bipartisan government support. The Biden administration approved $33 million in backing from the CHIPS and Science Act to help fund its buildout, while the Trump administration provided an additional $17 million grant to help ensure a key part of the AI infrastructure would be made in America.

Including construction workers, Coherent estimates that the factory will create 1,000 jobs, with about 550 of them in advanced manufacturing, engineering and technical roles.

The factory expansion will increase production of Indium Phosphide, which is used to make a laser that has the optical intensity of the surface of the Sun. Each second, the light pulses a few hundred billion times through a fiberglass straw the width of a human hair. That allows Nvidia’s computer chips to share information and work together as one system in what Huang has dubbed “AI factories.”

Power consumption would be cut up to 50%, enabling computations to occur faster and at a drastically lower price. The prospect of reducing the cost of tokens — the industry’s term for AI usage — would make it easier for AI to expand its reach and abilities.

“This investment expands America’s capacity to manufacture critical AI-enabling technologies, creates high-value jobs, and reinforces U.S. leadership in advanced manufacturing, photonics, and innovation,” said Coherent CEO Jim Anderson in a statement.

In a paper published this month, the economists Jessica Wachter and Jonathan Wachter noted that the five largest U.S. technology firms invested $380 billion last year as part of the AI buildout and that sum could roughly double this year. Based on that investment, they estimate the possibility of rapid economic growth as AI accounts for more of U.S. gross domestic product. While AI is roughly 3% of the economy now, that figure could grow to a range of 8% to 39%.

One Nvidia executive, who insisted on speaking on background to describe its industrial strategy, stressed that the company was moving from developing computer chips to providing entire AI systems. That has meant clustering more production in the U.S. with chipmaking increasingly centered in Arizona and the assembly process increasingly located in Texas, so that there is a reliable domestic supply chain.

The executive said that Nvidia was selling brains and a nervous system to its customers, so that the intelligence generated can then be applied to their businesses in ways that create new products and identify new savings and business lines. That could allow manufacturers that depend on foreign suppliers to restore production in the U.S., taking an AI that so far has largely been accessed on laptops onto factory floors where it can, in their words, “move atoms.”

The possibility has not been lost on Trump, who sees the industry as essential to American greatness.

“It’s an amazing industry,” Trump said to reporters last week. “It’s bigger than any industry anyone’s ever seen. We are leading China by a lot. And whoever leads that is going to really lead the world to a large extent, that’s how big it is.”

Fuel pump skimming ring busted

Fuel pump skimming ring bustedTYLER — The Texas Financial Crimes Intelligence Center (FCIC), through its North Texas Field Operations Team, led a multi-agency operation that dismantled an organized criminal ring responsible for installing payment card skimmers on high-flow diesel pumps and using stolen card information to fraudulently obtain fuel from truck stops across North Texas.

In late April 2026, the FCIC received a request for assistance from the Garland Police Department in relation to multiple reports of stolen fuel and card numbers. The Texas FCIC began investigating an organized group placing skimming devices on high-flow diesel pumps throughout the North Texas region.

Authorities estimated the group stole between 1,500 and 2,500 gallons of diesel per night, five to six nights per week by pumping the fuel into hidden compartments built into the vehicles they were driving. Investigators also determined the group had placed skimming devices on fuel pumps as far away as Smith County. Continue reading Fuel pump skimming ring busted

Fed set to make interest rate decision as inflation hits 3-year hig

Kevin Warsh, Chair of the Federal Reserve, on April 21, 2026 in Washington, DC. (Photo by Andrew Harnik/Getty Images)v

(WASHINGTON) -- The Federal Reserve is set to announce its latest decision on interest rates on Wednesday as the central bank weathers the highest inflation in three years.

The announcement will mark the first possible adjustment of the benchmark interest rate since Trump nominee Kevin Warsh began his four-year term as Fed chair last month.

The policy move is also set to arrive at a moment of flux for the nation’s economy, just days after an agreement between the United States and Iran offered hope for some price relief.

The U.S.-Iran accord, set to be formally signed on Friday, came as gasoline prices fell below $4 a gallon for the first time since March. Still, fuel costs stand well above pre-war levels, and an array of grocery prices remain elevated.

Futures markets overwhelmingly expect the Fed to hold interest rates steady when policymakers meet on Wednesday, according to the CME FedWatch Tool, a measure of investor sentiment.

In recent weeks, however, odds have risen for a potential interest rate hike by the end of 2026, the tool showed, granting a roughly four in 10 chance of a quarter-point increase in December.

The shift in expectations came after a stronger-than-expected jobs report earlier this month showed robust hiring in May. In theory, a resilient labor market could afford central bankers leeway to raise interest rates in an effort to dial back inflation, since elevated borrowing costs risk a hiring slowdown.

Inflation jumped for a third consecutive month as the Iran war continued to drive up prices in May, surpassing 4% for the first time in three years

The Middle East conflict prompted the Iranian closure of the Strait of Hormuz, a maritime trading route that facilitates the transport of about one-fifth of global oil supply. The standoff triggered one of the largest oil shocks ever recorded, sending gasoline prices surging.

On Monday, President Donald Trump announced a U.S.-Iran deal that included plans to reopen the strait. Iranian Deputy Foreign Minister Kazem Gharibabadi confirmed the deal had been finalized and said it would be signed in Switzerland on Friday. Oil prices fell to their lowest level since March.

The benchmark rate stands at a level between 3.5% and 3.75%. That figure marks a significant drop from a recent peak attained in 2023, but borrowing costs remain well above a 0% rate established at the outset of the COVID-19 pandemic.

The rate decision will be the first major policy move overseen by Warsh, who will address reporters during a customary press conference minutes after the central bank issues its announcement.

During his term as a Fed governor in the late 2000s and early 2010s, Warsh gained a reputation as an interest-rate "hawk," meaning he generally preferred higher interest rates as a means of ensuring low and stable inflation.

Last year, Warsh voiced support for lower interest rates. At his Senate confirmation hearing in April, Warsh emphasized the threat posed by elevated inflation.

"When inflation surges -- as it has done in recent years -- grievous harm is done to our citizens, especially to the least well-off," Warsh said.

Bucking typical norms, former Fed Chair Jerome Powell Powell will cast a vote on interest rates as a member of the Fed's 12-person policymaking board.

Powell said he would stay on at the central bank's board of governors after his term as chair expired as an investigation into the Fed's office renovation continues.

The Department of Justice moved to drop a criminal probe into Powell in April, calling on the Fed's inspector general to carry out the investigation into cost overruns tied to the renovation. Powell will remain on the Fed's board for an indeterminate length of time, he said last month.

The criminal investigation into Powell focused on alleged false testimony to Congress about an office renovation. Powell, who was appointed by Trump in 2017, has rebuked the probe as a politically motivated effort to influence interest-rate policy. Trump denied any involvement in the criminal investigation.

Copyright © 2026, ABC Audio. All rights reserved.

Man charged with intoxicated manslaughter

Man charged with intoxicated manslaughterRUSK COUNTY — Following a fatal crash in Rusk County on Saturday afternoon, one man was arrested after it was discovered he had allegedly caused the crash while driving intoxicated. According to an affidavit from the Rusk County Sheriff’s Office and our news partner KETK, a trooper was dispatched to a multi-vehicle crash at the intersection of FM 3053 and FM 1639 in Gregg County.

Once on the scene, the trooper observed a Nissan Versa that had become disabled following the crash. The driver of the Nissan was identified as Tanner Templeton and two pickup trucks that were involved in the incident were found disabled behind Templeton’s car. Authorities believe that the crash was caused when Templeton was driving westbound on FM 1639 and while he was approaching the intersection, he drove past a stop sign without stopping and was struck by a pickup truck traveling northbound on FM 3053.

After striking Templeton’s car, one of the trucks driven by Tracey Fears was pushed into oncoming southbound traffic and struck head-on by another truck. After being hit by the truck, Fears was pronounced dead on the scene and his two passengers were taken by helicopter to a local hospital after suffering serious injury. Continue reading Man charged with intoxicated manslaughter

Residents address data center concerns

Residents address data center concernsTYLER – Residents of Tyler gathered for a community meeting on Monday to voice concerns about a planned Bitcoin mining data center. The Bitcoin mining facility is currently proposed for 1105 W. Erwin Street in Tyler. On Monday, Mark Buntsev, a community liaison for Vulcan Core LLC, hosted a community meeting with residents living near the W. Erwin Street site, where his company proposes to build a Bitcoin facility.

The facility would use specially designed computers to “mine” Bitcoin, the most popular cryptocurrency, a currency that is created and stored only digitally. Developers met with Tyler residents at The Meeting Place banquet hall, located just blocks from the proposed site of the Bitcoin facility, according to out news partner KETK.

“Some of their concerns were the usage of water, the usage of electricity and the usage of noise, all of which I’d like to think that we were able to address through resources such as a further understanding of the technology itself, understanding that we don’t have any kind of power draw or water draw from the city. We utilize distilled water mixed with glycol,” Buntsev said on Monday. Continue reading Residents address data center concerns

One dead after truck hydroplanes

One dead after truck hydroplanesWOOD COUNTY – One man died on Sunday after an 18-wheeler hydroplaned and crashed into his vehicle on Highway 80 near Mineola. The Texas Department of Public Safety told our news partner KETK that 45-year-old David Earl Johnson of Grand Saline was driving his Ford Fusion west on Highway 80 about half a mile west of Mineola at around 10:47 a.m. on Sunday, as an 18-wheeler was heading east.

Johnson’s Ford was hit when the 18-wheeler hydroplaned on the wet roadway and crossed into the westbound lane of Highway 80. Johnson was fatally injured in the crash and was later pronounced dead at the scene, according to DPS.

The condition of the 18-wheeler driver is currently unknown and DPS is currently investigating the crash.

Sewer main collapse closes major roadway

Update: KTBB talked to the City of Nacodoches Wednesday night. They felt comfortable of the main being patched up by Thursday evening.

NACOGDOCHES – A major roadway is currently closed down following a sewer main collapse on Monday afternoon.

According to the City of Nacogdoches and our news partner KETK, the sewer main on West Spradley Street collapsed after excessive rainfall in the area. Crews are expected to begin working to repair the sewer main once conditions allow, and the street will remain closed to traffic until further notice.

Due to the closure, residents are asked to enter and exit the neighborhood at the intersection of South Loop 224 and Old Lufkin Road. An entrance can also be made to the street at the intersection of Old Lufkin Road and U.S. 59 South.

KTBB talked to the City of Nacodoches Wednesday night. They felt comfortable of the main being patched up by Thursday evening.

Governor Abbott issues disaster declaration for severe weather

AUSTIN – Governor Greg Abbott announced on Monday that he issued a disaster declaration for 101 Texas counties as severe storms continued to threaten the state. Additional counties may be added as conditions warrant, according to the governor’s office.

“Texas is prepared to respond to the severe weather threats that continue to move across our state,” said Governor Abbott. “Because of the impact caused by ongoing storms and flood risks, I have issued a disaster declaration for 101 Texas counties to ensure that local officials and communities have access to the full range of state resources and support. Texans should heed the guidance of state and local officials and take all necessary precautions to stay safe during this severe weather.”

Earlier Monday, Abbott directed the Texas Division of Emergency Management (TDEM) to activate additional state emergency response resources and implement 24-hour operations at the Texas State Emergency Operations Center as storm risks persist. Last week, the Governor directed TDEM to activate state emergency response resources ahead of the flood threat.

Texans are urged to continue monitoring local weather forecast information and have emergency supplies readily available. As storm threats continue, Texans are urged to stay informed, avoid driving through flooded roadways, and heed all warnings from local officials. Texans can find severe weather safety information and road conditions here and find all hazards preparedness tips here.

 

Fourth arrest in FBI immigrant probe

Fourth arrest in FBI immigrant probeTYLER – Nearly two weeks after the FBI carried out an “authorized court operation” at a Smith County furniture store, a fourth suspect has now been arrested in connection with the case.

According to our news partner KETK, an indictment filed in the U.S. District Court for the Eastern District of Texas, four individuals are facing federal charges stemming from the June 2 raid at Ximena’s Furniture. The charges include:
*Conspiracy to transport illegal aliens
*Trafficking in false identification documents
*Conspiracy to commit money laundering

Three suspects, Virginia Gamez Ponce Valdivia, Keyla Stacy Valdivia Gamez and Arturo Alcantar-Perez, were taken into custody earlier this month. On Friday, authorities arrested the fourth suspect, Guillermo Limon-Sanchez, in Travis County, where he is currently being held on a federal detainer. Continue reading Fourth arrest in FBI immigrant probe

Historic day for local college

Historic day for local college KILGORE — Kilgore College will formally install Dr. Staci Martin as the institution’s 10th president during an investiture ceremony scheduled for Tuesday morning in Dodson Auditorium on the Kilgore campus.

The ceremony marks a significant milestone in the college’s history as Dr. Martin officially assumes the role of president following her appointment by the KC Board of Trustees, according to Kilgore College administration officials.

Faculty, staff, students, alumni and community members are invited to attend. Continue reading Historic day for local college

11K loaves of bread donated to ETFB

11K loaves of bread donated to  ETFBGILMER – Mrs. Baird’s partnered with the East Texas Food Bank last week to donate over 11,000 loaves of bread to families across the area this summer, according to our news partner KETK.

This month instead of just getting produce, families will also receive a Mrs. Baird’s loaf of bread. The Church at West Mountain in Gilmer hosted Mrs. Baird’s donation at one of their monthly distributions for the ETFB.

“Summertime is a perfect time for us to partner with food banks, because we know there’s a big need in our community,” Shane Sumrow with Mrs. Baird’s Bread said. “School’s out kids are not getting those school lunches and breakfast and so we know there’s a need for bread that’s going to make a lot of sandwiches for kids and families here in East Texas this summer.”

This donation is a part of Mrs. Baird’s Fighting Texas Hunger Campaign which is aiming to donate 182,000 loaves of fresh bread to families across the state.

Stocks leap worldwide, and oil prices drop after the US and Iran reach a tentative deal on their war

Stocks leap worldwide, and oil prices drop after the US and Iran reach a tentative deal on their warNEW YORK (AP) — Stock markets rallied worldwide Monday, and oil prices eased after the United States and Iran reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz to get the global flow of crude going again.

The S&P 500 rose 1.7% on hopes that this time, the announcement of an Iran-U.S. agreement will mean a long-term fix to a conflict that has worsened inflation around the world. The Dow Jones Industrial Average climbed 468 points, or 0.9%, to a record, and the Nasdaq composite jumped 3.1%.

Stocks got a lift after the price for a barrel of Brent crude oil fell 4.8% to $83.17, back to where it was in early March. While that’s still above its price of roughly $70 from before the war, it’s lower than the $100 plus it cost just a few weeks ago. The hope is that lower oil prices will take pressure off households and businesses, which have had to pay higher prices for everything from food to fuel to fertilizer because of the war with Iran.

Iran confirmed the deal, but it does not include a final agreement on issues like Iran’s nuclear program. Negotiations on that are expected to continue over the next 60 days, which leaves opportunity for hiccups that could derail the agreement. And even if the Strait of Hormuz does fully reopen on Friday as expected, it will likely take months for the energy industry to get back to full speed.

For now, though, relief swept through financial markets worldwide.

Stocks jump worldwide, and oil prices drop after the U.S. and Iran reach a tentative deal on their war.

Stocks of companies enmeshed in the artificial-intelligence industry also jumped. These stocks have yo-yoed in recent weeks, going from roaring to records to suddenly turning lower. The concern is whether such stocks shot too high, too fast because of AI mania, and their careening moves have sometimes reversed direction by the hour.

Micron Technology rallied 10.8%, and Advanced Micro Devices rose 7%. Nvidia’s climb of 3.5% was the strongest force pushing the S&P 500 upward because the AI chip company is Wall Street’s most valuable company, giving it more weight on the index than any other.

SpaceX, Elon Musk’s rocket company that also owns the AI company xAI, rose 19.6% in its second day of trading on Wall Street. Its successful debut on the Nasdaq suggested plenty of demand still exists among investors for AI. The market has given SpaceX a total value of more than $2.1 trillion, making it bigger than Exxon Mobil, Bank of America and Coca-Cola combined.

In the bond market, Treasury yields eased on hopes that lower oil prices will remove pressure on central banks to raise interest rates.

The yield on the 10-year Treasury slipped to 4.47% from 4.48% late Friday.

Europe’s central bank last week became the first major one in the world to raise interest rates because of the war with Iran. High interest rates can keep a lid on inflation, but they also slow economies and undercut prices for all kinds of investments, including stocks and cryptocurrencies. They hit investments seen as the most expensive in particular, and some critics are calling the AI industry a bubble where investment inflated too far.

The Fed will announce its latest decision on interest rates later this week, which will be the first under its new chair, Kevin Warsh. Traders see it as a near certainty that the Fed will leave its main interest rate steady after its two-day meeting ends Wednesday.

Traders had been raising bets that the Fed may have to raise interest rates this year because of how much inflation has accelerated and how solid the U.S. job market remains. But the tentative deal between the United States and Iran means traders are now betting on only a 57% chance of a hike this year, down from 71% a week ago, according to data from CME Group.

Elsewhere on Wall Street, Roku fell 1.9% after the company announced that Fox Corp. is buying the streaming pioneer in a cash-and-stock deal valued at approximately $22 billion.

Roku’s stock had already soared 20% Friday, when media reports emerged about a deal, which will give Fox access to the Roku channel, first-party data and more than 100 million global streaming households. Fox’s stock fell 16.8%.

All told, the S&P 500 rose 122.83 points to 7,554.29. The Dow Jones Industrial Average climbed 468.77 to 51,671.03, and the Nasdaq composite jumped 795.10 to 26,683.94.

In stock markets abroad, indexes climbed in Asia and Europe. Japan’s Nikkei 225 leaped 5% for one of the world’s biggest gains and finished at a record.

“This is great news,” said Takashi Hiroki, chief strategist at Monex. “Buying by foreign investors is leading the market with expectations of easing tensions around the situation in the Middle East.”

South Korea’s Kospi soared even more, 5.2%, thanks in part to continued rallies for AI winners like Samsung Electronics.

London’s FTSE 100 was an outlier and slipped 0.4%.

Stephen F. Austin State University sees jump in summer enrollment

NACOGDOCHES (KETK) — More students have enrolled for summer classes at Stephen F. Austin State University (SFASU) this year than in the past, continuing a growing trend and marking one of the largest summer enrollment gains in recent institution history.

According to SFA, the summer 2026 semester headcount is currently up 6% from last year with semester credit hours increasing 7%, even while enrollment remains open.

“Students are increasingly choosing SFA because they recognize the value of a degree that combines academic quality, personalized support and strong career outcomes,” SFA President Neal Weaver, Ph.D., said. “These preliminary summer numbers build on the momentum we experienced throughout the past academic year and reflect the confidence students and families have in the direction of this university.”

The increased credit hours, SFA said, plays an important role in state funding as they show student engagement. An increase reflects student demand and the institution’s efforts to create flexible degree completion pathways, Senior Vice President for Enrollment and Student Engagement Kent Willis said.

“Summer enrollment provides students with an opportunity to stay on track, accelerate their progress toward graduation and take advantage of flexible course options,” Willis said. “We’re seeing strong participation from continuing students and transfer students who are using the summer term to move forward academically.”

Classes begin July 6 and with registration still open, students can enroll in a variety of summer courses to help lighten class loads during other semesters.

“I was able to knock out two core classes online while working part time,” junior and kinesiology major Billy Stewart said. “It’s helping me graduate on time and save money.”