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Mon, Jun 22, 2026 11:29 PM All times are UTC

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Trump Considers Bessent for Fed Chair as Inflation Rises Amid Tariff Plans

Jul 16, 2025 01:33 am UTC| Politics Economy

U.S. President Donald Trump on Tuesday floated Treasury Secretary Scott Bessent as a possible successor to Federal Reserve Chair Jerome Powell, though he noted satisfaction with Bessents current role. Speaking at Joint...

India Eyes Copper Supply from Chile and Peru Amid Critical Mineral Push

Jul 15, 2025 10:42 am UTC| Politics Economy

India is actively negotiating with Chile and Peru to secure long-term access to critical minerals, especially copper concentrate, as part of ongoing free trade agreement (FTA) talks, according to a Reuters report. The move...

Senate to Vote on Trump’s $9.4B Budget Cut Proposal Targeting Foreign Aid, Public Broadcasting

Jul 15, 2025 10:35 am UTC| Politics Economy

The U.S. Senate is preparing to vote as early as Tuesday on President Donald Trumps proposal to cut $9.4 billion from previously approved spending, including $8.3 billion in foreign aid and $1.1 billion for public...

U.S. Sets Rare Earth Price Floor to Challenge China’s Market Dominance

Jul 15, 2025 06:04 am UTC| Economy Politics

The U.S. is intensifying efforts to reduce Chinas dominance in the rare earths market by introducing a separate pricing system backed by the Department of Defense (DoD). This move includes a deal with MP Materials, the...

Trump Warns Putin on Ukraine, Signals More U.S. Weapons Support

Jul 15, 2025 05:53 am UTC| Politics

U.S. President Donald Trump expressed disappointment in Russian President Vladimir Putin during a BBC interview released Tuesday, as ceasefire negotiations over the war in Ukraine continue to stall. Despite his...

G20 Meeting in Durban Overshadowed by U.S. Absence and Rising Tariff Tensions

Jul 15, 2025 05:39 am UTC| Politics Economy

The upcoming G20 finance chiefs meeting in Durban faces growing uncertainty amid escalating global tensions. U.S. Treasury Secretary Scott Bessents second consecutive absence raises concerns about Washingtons commitment to...

EU Targets $84B in U.S. Goods Amid Rising Tariff Tensions

Jul 15, 2025 00:21 am UTC| Politics Economy

The European Union has finalized a sweeping list of potential tariffs on $84 billion (72 billion) worth of U.S. imports, escalating trade tensions with Washington, according to a Bloomberg report citing an internal...

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Economy

Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets

U.S. stocks closed mixed on Monday as a sharp decline in Alphabet shares pressured the communication services sector, while investors closely monitored evolving developments in the Middle East and assessed the Federal...

Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low

Global oil prices extended their recent decline on Monday as optimism grew over ongoing U.S.-Iran peace negotiations and the reopening of the vital Strait of Hormuz. The easing of geopolitical tensions in the Middle East...

Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks

Japans financial authorities are maintaining uncertainty over potential currency intervention as the Japanese yen hovers near its weakest level in nearly four decades. Market participants are closely watching government...

Gold Prices Mixed as Stronger Dollar Offsets Safe-Haven Demand Amid U.S.-Iran Peace Talks

Gold prices delivered a mixed performance on Monday as a stronger U.S. dollar and shifting expectations for Federal Reserve policy counterbalanced support from geopolitical developments and ongoing market uncertainty. Spot...

US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments

The U.S. dollar climbed to its strongest level in more than a year on Monday as investors increased bets on tighter Federal Reserve policy, outweighing the impact of easing oil prices and diplomatic developments in the...

Politics

Alan Greenspan: 7 Fascinating Facts About the Former Fed Chairman

Former Federal Reserve Chairman Alan Greenspan, who died Monday at the age of 100, left behind a remarkable legacy that extended far beyond economics and monetary policy. Known as one of the most influential figures in...

UNAIDS Urges U.S. to Reconsider South Africa HIV Funding Withdrawal

The head of UNAIDS, Winnie Byanyima, has urged the United States to reconsider its decision to withdraw HIV/AIDS funding for South Africa, warning that the move could put millions of vulnerable people at risk and...

US Waives Iran Sanctions for 60 Days as Peace Talks Advance and Lebanon Sees Calm

The United States has granted Iran a 60-day sanctions waiver following the first round of negotiations under a newly established peace agreement, signaling a potential breakthrough in efforts to ease tensions across the...

Rubio Gulf Tour Aims to Reassure Allies on Trump’s Iran Deal

U.S. Secretary of State Marco Rubio will visit the United Arab Emirates, Kuwait, and Bahrain from Tuesday through Thursday as the Trump administration seeks to strengthen support for its preliminary agreement with Iran...

Trump’s Quantum Push Lifts IBM Stock as CEO Arvind Krishna Receives White House Praise

IBM shares surged in after-hours trading Monday after President Donald Trump publicly praised IBM CEO Arvind Krishna during a White House event focused on advancing U.S. quantum technology leadership. The endorsement...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

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...

Technology

Alphabet Stock Slides as AI Talent Exodus and SpaceX Losses Shake Investor Confidence

Alphabet (NASDAQ: GOOGL) shares plunged nearly 7% on Monday, marking one of the companys sharpest single-day declines in recent years as investors reacted to a combination of high-profile AI talent departures and weakness...

SpaceX Stock Plunges 16% as KeyBanc Warns Valuation May Be Overstretched

SpaceX shares tumbled more than 16% on Monday after investment firm KeyBanc initiated coverage with a cautious outlook, suggesting the aerospace giants valuation has become stretched following its strong post-IPO rally....

Qualcomm Nears $4 Billion Acquisition of AI Chip Startup Modular

Qualcomm is reportedly in advanced negotiations to acquire AI chip startup Modular Inc. in a deal valued at approximately $4 billion, according to a Bloomberg News report citing sources familiar with the matter. If...

US-Iran De-Escalation Shifts Washington’s Focus to AI Regulation and Crypto Legislation

A potential easing of tensions between the United States and Iran is redirecting Washingtons attention toward major technology policy initiatives and executive actions, according to a new report from Wolfe Research. The...

Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns

Googles newly introduced open-source liquid-cooling design for AI data centers is drawing attention across the data center infrastructure industry, with analysts suggesting it could accelerate the commoditization of...