Month: May 2025
Republican candidate in North Carolina Supreme Court race after judge rejects challenge
Judge Jefferson Griffin, the Republican candidate for the N.C. Supreme Court listens to testimony in Wake County Superior Court on Friday, Feb. 7, 2025, in Raleigh, North Carolina. Griffin trails North Carolina Supreme Court Justice Allison Riggs by 734 votes following two recounts of the November 2024 election results. Robert Willett | Raleigh News & […]
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Fed holds rates steady as it notes rising uncertainty and stagflation risk
Key Points The Federal Reserve held its key interest rate unchanged in a range between 4.25%-4.5%, where it has been since December. The post-meeting statement noted the recent market volatility and how that is factoring into the central bank’s policy decisions. “Uncertainty about the economic outlook has increased further,” the statement said. Source
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Trump digs in on high China tariffs ahead of trade talks
U.S. President Donald Trump speaks during a swearing-in ceremony for the new U.S. ambassador to China, former U.S. Senator David Perdue, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | Reuters President Donald Trump said Wednesday he would not consider lowering the United States’ 145% tariffs on China in order […]
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Cardinals begin conclave to elect new pope in majesty of Sistine Chapel
Cardinal Fridolin Ambongo Besungu attends the Holy Mass, celebrated for the election of the new pope, presided over by the Dean of the College of Cardinals, Cardinal Giovanni Battista Re, in St. Peter’s Basilica, at the Vatican, May 7, 2025. Murad Sezer | Reuters Catholic cardinals who will choose the next pope were locked behind the heavy […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in March. Text removed from the March statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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Fed meeting live updates: Fed flags rising inflation risk, traders await insight from Powell presser
Federal Reserve holds steady on rates once more, as expected Central bank policymakers kept a steady hand on interest rates, maintaining them at the target range of 4.25% to 4.5%. This time, the Federal Open Market Committee noted that it is “attentive the risks to both sides of its dual mandate and judges that the […]
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Netflix unveils revamped homepage and app with OpenAI-powered search tool
Netflix launching an innovative new TV experience featuring enhanced design, responsive recommendations and a new way to search. Courtesy: Netflix Netflix unveiled a redesigned homepage experience on Wednesday with the aim of making searching for shows and movies easier for its members. The user experience revamp goes beyond the TV screen. Netflix is also making […]
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China says U.S. asked for trade meeting in Switzerland
The upcoming meeting in Switzerland between U.S. Treasury Secretary Scott Bessent and his Chinese counterpart was requested by the Trump administration, Chinese officials said Wednesday. China will be entering the talks “firmly” opposed to U.S. tariff hikes, and willing to participate only in a dialogue “based on equality, respect and mutual benefit,” Foreign Ministry spokesman […]
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Democrats push back against Trump’s growing crypto empire
Jonathan Raa | Nurphoto | Getty Images Democrats turned up the pressure on President Donald Trump’s cryptocurrency ventures this week and the fortune that he and his family are making off the efforts as a vote rolls forward on a key crypto bill. Thursday’s vote on the GENIUS ACT, a bill to establish federal rules […]
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Why U.S. air traffic control is stretched so thin — and the fight to fix it
An airport control tower is seen at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty Images Air traffic controllers have been under strain for years, but a 90-second equipment failure last week exposed how decades of staffing shortages, underinvestment and patchwork solutions for those who guide planes […]
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