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Powell Orders Review of Fed’s $2.5B Renovation Amid Trump Pressure

Jul 14, 2025 22:58 pm UTC| Economy Politics Central Banks

U.S. Federal Reserve Chair Jerome Powell has requested a renewed investigation into the ballooning costs of the Federal Reserves building renovations, now estimated at $2.5 billion, according to a report from Politico. In...

Wall Street Edges Higher Amid Tariff Tensions and Earnings Anticipation

Jul 14, 2025 22:56 pm UTC| Economy

Wall Street stocks closed slightly higher on Monday, with investors holding back amid renewed U.S. tariff threats and ahead of key economic data and earnings reports. President Donald Trump reignited trade tensions by...

S&P 500 Inches Higher as Trump Signals Openness to Trade Talks

Jul 14, 2025 22:55 pm UTC| Economy

The SP 500 edged up Monday as investor sentiment improved following President Donald Trumps remarks suggesting openness to global trade negotiations. Trump said his administration is always open to talk, including with the...

EU Prepares €21B Tariff Response to Trump’s Trade Threats

Jul 14, 2025 10:28 am UTC| Politics Economy

The European Union is readying 21 billion worth of tariffs on U.S. goods if trade talks fail, according to Italian Foreign Minister Antonio Tajani. This move follows U.S. President Donald Trumps recent threat to impose 30%...

Trump’s Spending Bill Pressures Medicaid Insurers Amid Cost and Coverage Concerns

Jul 14, 2025 10:27 am UTC| Politics Economy Governance

President Donald Trumps new spending bill, known as the One Big Beautiful Bill Act, is expected to significantly raise administrative costs for Medicaid insurers like UnitedHealthcare, CVS Healths Aetna, Centene, and...

Serbia Faces Pressure as U.S. Talks Stall on Sanctions Against Russian-Owned Oil Firm NIS

Jul 14, 2025 10:13 am UTC| Politics Economy

Serbias negotiations with the United States over delaying sanctions on Russian-owned oil company NIS have hit significant roadblocks, according to Serbian Mining and Energy Minister Dubravka Djedovic Handanovic. Speaking...

Sweden’s June Inflation Rises 0.5% Monthly, Hits 2.8% Annually

Jul 14, 2025 08:06 am UTC| Economy

Swedens consumer prices rose 0.5% in June compared to May, according to final inflation figures released by Statistics Sweden (SCB) on Monday. On a year-over-year basis, the headline inflation rate reached 2.8%, reflecting...

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Economy

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

The United States and India have taken a significant step toward a long-anticipated bilateral trade agreement by releasing an interim trade framework aimed at lowering tariffs, reshaping energy ties, and strengthening...

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination

Gold and silver prices climbed on Friday, closing out an exceptionally volatile week in the precious metals market following a historic selloff. The turbulence was sparked by the nomination of former Federal Reserve...

RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Politics

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

U.S. Lawmakers to Review Unredacted Jeffrey Epstein DOJ Files Starting Monday

Members of the U.S. Congress are expected to gain access to the unredacted version of the Department of Justices files related to convicted sex offender Jeffrey Epstein beginning Monday morning, according to a report from...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....