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Sun, May 10, 2026 12:21 PM All times are UTC

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U.S. Treasury Extends Debt Ceiling Measures to July 24 Amid Default Concerns

Jun 26, 2025 01:50 am UTC| Economy Politics Governance

U.S. Treasury Secretary Scott Bessent announced an extension of extraordinary cash management measures to avoid breaching the federal debt ceiling, pushing the deadline to July 24. In a letter to congressional leaders,...

US Treasury Sanctions Three Mexican Financial Institutions Over Fentanyl Money Laundering

Jun 26, 2025 01:41 am UTC| Governance Business

The U.S. Treasury has imposed sanctions on three Mexico-based financial institutionsCIBanco, Intercam Banco, and Vector Casa de Bolsaciting their role in laundering money for drug cartels linked to fentanyl trafficking....

Trump’s Tax Retaliation Proposal May Be Dropped If Global Deal Reached

Jun 26, 2025 01:37 am UTC| Politics Governance

A controversial tax provision that would allow U.S. President Donald Trump to retaliate against foreign taxes on American firms could be excluded from his sweeping budget bill if an international agreement is reached...

Judge Blocks Trump’s Move to End Job Corps Program for Low-Income Youth

Jun 26, 2025 01:22 am UTC| Politics Law Governance

A U.S. federal judge has blocked the Trump administration from terminating the Job Corps program, a federally funded job training initiative for low-income youth. U.S. District Judge Andrew Carter in Manhattan ruled that...

Edward Coristine Resigns from DOGE Amid Growing Scrutiny

Jun 25, 2025 05:01 am UTC| Politics Governance

Edward Coristine, the 19-year-old tech prodigy and one of the most recognizable figures in the U.S. Department of Government Efficiency (DOGE), has officially stepped down, according to a White House official. The...

U.S. Judge Blocks Trump-Era Halt on EV Charger Funding to States

Jun 25, 2025 02:29 am UTC| Politics Law Governance

A U.S. federal judge has temporarily blocked the Trump administration from withholding billions in electric vehicle (EV) infrastructure funding from 14 states, including California, New York, Illinois, and Washington. The...

Trump Presses GOP to Finalize Tax Bill Amid Senate Disputes and Debt Concerns

Jun 25, 2025 02:06 am UTC| Politics Governance

President Donald Trump is urging Senate Republicans to pass his massive tax and spending bill before the July 4 holiday, despite growing internal divisions and fears of a ballooning national debt. Dubbed the One Big...

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Economy

Dollar Struggles to Rally Despite Strong US Data as Fed Hike Expectations Remain Limited

The U.S. dollar has continued to underperform even as economic data points to improving fundamentals, and BofA Securities believes the markets hesitation is tied to expectations surrounding future Federal Reserve rate...

Malaysia Unveils Energy Security Plan Amid Iran Conflict and Rising Oil Costs

Malaysia is preparing to introduce a comprehensive strategy to protect its oil supply as tensions surrounding the Iran conflict continue to disrupt global energy markets. Prime Minister Anwar Ibrahim is expected to...

Russian LNG Shadow Fleet Expands Amid Arctic LNG 2 Sanctions

Russia is intensifying efforts to bypass Western energy sanctions after a liquefied natural gas (LNG) tanker operating under a newly adopted Russian flag was spotted loading fuel linked to the sanctioned Arctic LNG 2...

S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence

The SP 500 and Nasdaq closed at fresh record highs on Friday as investors poured into AI-related stocks and welcomed stronger-than-expected U.S. jobs data, reinforcing confidence in the resilience of the American economy....

Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations

The U.S. dollar weakened on Friday after stronger-than-expected April jobs data reduced speculation about potential Federal Reserve interest rate cuts. Investor sentiment also improved after President Donald Trump stated...

Politics

Qatar LNG Tanker Crosses Strait of Hormuz Amid Iran War Tensions

A QatarEnergy-operated liquefied natural gas tanker successfully crossed the Strait of Hormuz on Sunday for the first time since the Iran war began on February 28, signaling a possible easing of tensions in one of the...

Germany Rejects Putin’s Proposal for Schroeder to Mediate Ukraine Peace Talks

Germany has dismissed Russian President Vladimir Putins suggestion that former German Chancellor Gerhard Schroeder could act as a mediator between Russia and the European Union in possible Ukraine peace negotiations....

Russia Accuses Ukraine of Ceasefire Violations Amid Drone and Artillery Attacks

Russias Defence Ministry claimed on Sunday that Ukraine breached a temporary ceasefire by carrying out drone and artillery attacks against Russian forces, according to reports from Interfax news agency. Moscow stated that...

Israeli Strikes in Gaza Kill Three as Ceasefire Tensions Continue

Israeli airstrikes in Gaza killed at least three Palestinians on Sunday, including two members of the Hamas-run police force, according to local health officials. The latest violence has raised fresh concerns about the...

Israel’s Secret Iraq Base Allegedly Supported Iran Air Campaign, WSJ Reports

Israel reportedly established a covert military outpost deep in the Iraqi desert to support its recent air campaign against Iran, according to a Wall Street Journal report citing sources familiar with the operation,...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says

Artificial intelligence is starting to increase U.S. consumer prices through rising costs in electronics, software, and electricity, according to a new Goldman Sachs report. The investment bank said AI-related inflation...

Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case

A federal judge has declined to immediately approve a proposed $1.5 million settlement between Elon Musk and the U.S. Securities and Exchange Commission (SEC) tied to Musks 2022 Twitter stock purchase disclosures. The...

Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone

Broadcom Inc. is reportedly in discussions with Apollo Global Management and Blackstone Inc. to secure around $35 billion in financing for its expanding artificial intelligence chip business, according to a Bloomberg...

Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally

Dell Technologies Inc. (NYSE: DELL) surged to an all-time high on Friday after receiving a public endorsement from President Donald Trump during a White House event. The president encouraged Americans to go out and buy...

TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit

TikTok and the Trump administration are reportedly close to reaching a $400 million settlement tied to allegations that the popular video-sharing platform violated U.S. child privacy laws. According to ABC News, the...