TEL AVIV, Israel — A pilot on a flight from the United Arab Emirates to Israel stabbed another pilot Wednesday and then apparently tried to crash the jetliner carrying around 170 people, Israel's prime minister said. Passengers and crew subdued the attacker, and the plane landed safely in Saudi Arabia. As some passengers screamed, the FlyDubai flight issued an emergency alert and abruptly descended thousands of feet (meters). Israel scrambled warplanes amid concerns about a possible hijacking. As a plane carrying passengers from the flight landed Wednesday evening in Israel, it was not clear what motivated the attack. Video footage circulating on social media and reviewed by The Associated Press showed two men on the plane's floor, bloodied and wounded. Two people appeared to be providing medical treatment, while two others guarded the cockpit. “We are guarding the pilot,” one person said in Hebrew. In another video, passengers wept and cried out as the aircraft shook. Those who intervened “saved many lives and prevented a major disaster,” Israeli Prime Minister Benjamin Netanya

WASHINGTON — U.S. inflation increased less than expected in August and price pressures were more moderate in the prior month than previously reported, likely reducing the urgency for the Federal Reserve to raise interest rates again in October. Another rate hike this year, however, remains on the table as the report from the Commerce Department on Wednesday showed consumer spending surging last month. The economy so far appears to be holding up despite headwinds from the US-Israeli war with Iran, which has raised energy prices, with diesel prices at record highs. Financial markets knocked down bets for a rate increase next month. "The less-than-feared price data for August may buy the Fed time to await more data and pass on October 28, but still-elevated inflation and a resilient consumer and economy point to another rate hike by year-end," said Sal Guatieri, a senior economist at BMO Capital Markets. The Personal Consumption Expenditures Price Index rose 0.3 percent last month after a downwardly revised 0.1 percent gain in July, the Commerce Department's Bureau of Economic Analysis s

The Nasdaq jumped more than 1 percent on Wednesday, leading gains among Wall Street's main indexes, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month. A Commerce Department report showed the Personal Consumption Expenditures (PCE) price index stood at 3.4 percent on an annual basis in August against estimates of 3.7 percent, per economists polled by Reuters. Separately, second-quarter GDP data showed that the U.S. economy grew at a solid clip. "The PCE report today was under a microscope as participants try to get a handle on how aggressive the Fed needs to be with future rate increases," said Steve Wyett, chief investment strategist at BOK Financial. Traders now see a roughly 38 percent chance of an October hike, compared to a more than 50 percent chance seen one day prior, according to the CME FedWatch Tool. Barclays analysts also noted that recent methodology changes in calculating PCE by the Bureau of Economic Analysis also contributed to a lower reading. Most megacap and growth stocks ticked higher, with Am

Flydubai Flight Incident Live News Updates: Flydubai Flight reportedly suffered a sudden loss of altitude more than two hours into the journey after a brawl between pilots.

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Passengers returned to Tel Aviv after a pilot stabbed another pilot and apparently tried to crash their FlyDubai flight. Passengers and crew subdued the attacker before an emergency landing in Saudi Arabia.

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The captain and first officer were injured, and one pilot has been arrested, officials say.

One pilot stabs another as he attempts to take control of a flight from the United Arab Emirates to Israel with the aim of crashing it

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Yaniv was among those who entered the cockpit and helped subdue the pilot. Another Flydubai crew member later took control, allowing the aircraft to land safely in Saudi Arabia.

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