John J. Ray III, the new C.E.O. of FTX, described the collapse of the company as a 'paperless bankruptcy' in his testimony to the House Committee on Financial Services.

President Biden said slowing price growth in the country was proof that his economic policies are working, but cautioned that inflation still remains too high.

Two police officers and a bystander were killed in a shootout that erupted during an investigation into a missing-person case. Three other people, believed to have been the attackers, were later shot and killed by the police, officials said.

More than a dozen states were affected by a winter storm that swept across the West.

Karen Bass is the first woman and the second Black person to be elected mayor of Los Angeles. During her inaugural speech, Ms. Bass said her first act would be to declare a state of emergency on homelessness.

Russian state media footage shows the American basketball player exiting a prison and later boarding a plane.

Footage broadcast on Russian state media shows the U.S. basketball star Brittney Griner and the notorious Russian arms dealer Viktor Bout being exchanged on a U.A.E. airport tarmac.

President Biden confirmed that the basketball star Brittney Griner landed in the United Arab Emirates as she made her way home from detention in Russia.

The victory made Morocco the first Arab country to qualify for a World Cup quarterfinal.

Senator Raphael Warnock of Georgia addresses his supporters after defeating Herschel Walker, his Republican challenger. Warnock's victory guarantees an outright majority for Democrats in the Senate.