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Trump tells Duterte of two U.S. nuclear subs in Korean waters: NYT

WASHINGTON In a call last month with the Philippines' president, U.S. President Donald Trump described North Korea's leader Kim Jong Un as a "madman with nuclear weapons" who could not be let on the loose, according to a leaked Philippine transcript of their call.

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Bitcoin soars above $2,400 to all-time high

Digital currency bitcoin hit a fresh record high on Wednesday, surging above $2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using blockchain technology.

10:55am EDT

Taiwan court rules in favor of same-sex marriage, first in Asia

TAIPEI Taiwan's constitutional court declared on Wednesday that same-sex couples have the right to legally marry, the first such ruling in Asia, sparking celebration by activists who have been campaigning for the right for years. | Video

12:00pm EDT

Hundreds protest over minimum wage at McDonald's stockholder meeting

OAK BROOK, Ill. Hundreds of fast-food workers demanded wage increases as they marched outside McDonald's Corp headquarters during the company's annual shareholder meeting on Wednesday.

3:16pm EDT

U.S. appeals court appears divided in CFPB regulator case

WASHINGTON A U.S. appeals court appeared sharply divided along partisan lines on Wednesday on whether the structure of the Consumer Financial Protection Bureau is constitutional, tilting slightly toward the regulator in one of two cases that could weigh on the policing of Wall Street.

1:31pm EDT

Thousands flee Philippine city after rebel rampage claimed by Islamic State

PANTAR, Philippines Thousands of civilians fled fighting in the Philippines on Wednesday as troops tried to fend off Islamist militants who took over large parts of a city, capturing Christians, seizing and torching buildings and setting free scores of prisoners. | Video

1:23pm EDT
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New York firms offer 'Plan B' to staff ahead of summer transit woes

NEW YORK Faced with this summer's partial shutdown of New York's Pennsylvania Station due to track repairs, some employers in the largest U.S. city are scrambling to come up with "Plan B" offerings to allow their suburb-dwelling staff to avoid the largely shuttered transit hub.

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Al Shabaab bombing in Somali capital kills five, injures six

MOGADISHU A bombing claimed by Islamist insurgents killed five civilians and injured six more in the Somali capital on Wednesday, a spokesman for the city's mayor said, underscoring the militants' ability to carry out attacks despite territorial losses.