President Donald Trump backed off from his earlier threats to fire Federal Reserve Chair Jerome Powell after days of criticism. Trump had criticized Powell for not cutting interest rates but now says he has "no intention" of removing him. Despite this, Trump reiterated his desire for rate cuts to boost the economy amid trade tensions.…
Tesla's stock rose 5% in after-hours trading following Elon Musk's announcement to scale back government work and focus more on the company. This comes after Tesla's quarterly results showed a revenue miss and a 71% drop in profits. Musk's renewed commitment to Tesla reassured investors despite financial challenges.
Thousands gathered in Serbia to welcome 80 students who cycled 1,300 km to Strasbourg, France, protesting government corruption and demanding justice for victims of a deadly train station collapse. The students met with European officials, highlighting concerns over Serbia's democratic decline. Their campaign, symbolizing resistance against President Aleksandar Vučić's leadership, has gained significant support.
The U.S. FDA, led by Commissioner Marty Makary, announced plans to phase out petroleum-based synthetic food dyes due to concerns about their link to health issues like ADHD, obesity, and diabetes. The agency will revoke authorization for two dyes and work to eliminate six others by 2026. New natural color additives will be approved to…
A militant attack in Jammu and Kashmir's Pahalgam region killed 26 people, including 25 Indians and one Nepali, and injured 17 others. The gunmen targeted a group of tourists, marking the deadliest attack in India in nearly two decades. The "Kashmir Resistance" group claimed responsibility, alleging ties to Indian security agencies. Indian officials have vowed…
Large crowds gathered in Rome to honor Pope Francis, queuing to pay their final respects. The atmosphere was somber as people from around the world gathered at St. Peter's Basilica. Mourners included dignitaries, clergy, and ordinary citizens who admired his leadership. Pope Francis passed away after a period of illness, leaving behind a legacy of…
U.S. Defense Secretary Pete Hegseth warned that former senior advisors fired during a Pentagon leak investigation could face prosecution. Evidence will be submitted to the Department of Justice once the probe concludes. The investigation centers on leaks related to military plans and sensitive information. Hegseth defended the integrity of the inquiry despite growing controversy. The…
Asian markets surged after President Trump said he won’t fire Fed Chair Powell and hinted at easing China tariffs. Japan’s Nikkei rose 2.3%, Hong Kong’s Hang Seng jumped 2.4%, and South Korea’s KOSPI gained 1.2%. The comments lifted global investor sentiment, boosting stocks and futures worldwide.
Gold prices fell Wednesday after President Trump hinted at lower tariffs on China and said he won’t fire Fed Chair Jerome Powell. The shift calmed markets, reducing demand for gold as a safe haven. Spot gold dropped 1.6%, while futures declined 2.3%. A stronger dollar and easing geopolitical tensions also contributed. Analysts still expect long-term…
Kashmir, a Muslim-majority region in the Himalayas, is claimed by both India and Pakistan. Since 1947, it has been the flashpoint for three wars and ongoing insurgencies. The territory was left in dispute after the partition of British India. Heavy militarization and cross-border tensions keep the region unstable. Diplomatic efforts continue, but peace remains elusive…