The pound briefly soared to its highest level against the dollar in nearly four years, driven by reports of Trump possibly replacing the Fed chair. As the dollar weakens, concerns grow over the independence of the Federal Reserve.
A powerful radio burst detected in June 2024 has astronomers puzzled. Originating from the long-dead NASA satellite Relay 2, researchers explore the reasons behind this unexpected phenomenon.
In a stunning upset, Zohran Mamdani defeats Andrew Cuomo in the NYC Democratic primary. He discusses his progressive economic agenda and responds to Trump's comments on his victory.
Stock futures were flat as the S&P 500 inches closer to an all-time high. Despite some skepticism about market momentum, investor focus shifts to upcoming inflation data and jobless claims.
Jerome Powell cautions that Trump's tariff plans could lead to persistent inflation, influencing the Fed's approach to interest rate cuts. As trade tensions rise, the economic outlook remains uncertain.
At the NATO summit, Trump declared the Israel-Iran war likely over, attributing the ceasefire to U.S. airstrikes. Meanwhile, economic optimism among business leaders has plummeted amidst ongoing geopolitical tensions.
U.S. President Trump threatens Spain with a tougher trade deal due to its refusal to meet NATO's 5% defense spending target by 2035. At the NATO summit, he emphasized the need for fair contributions and warned of economic repercussions.
Zohran Mamdani, a progressive state assemblymember, has taken a significant lead in the NYC mayoral primary, positioning himself as a potential history-making candidate. With a focus on affordable housing and younger voters, he aims to reshape the city’s political landscape.
New-home sales in the US fell sharply in May, marking the largest drop since 2022. Despite sales incentives, affordability issues persist, pushing sales to a seven-month low.
Emil Bove's nomination to the U.S. Court of Appeals is stirring controversy. Critics highlight his past as a prosecutor and his defense of Trump amid multiple indictments, raising concerns about his ethics and temperament.
