Month: June 2025
Israeli president denies pursuing regime change in Iran — goal is to ‘remove’ nuclear program
BERLIN, GERMANY – MAY 12: Israeli President Isaac Herzog speaks during a press conference with German President Frank-Walter Steinmeier (not pictured) at Schloss Bellevue presidential palace on May 12, 2025 in Berlin, Germany. Carsten Koall | Getty Images News | Getty Images Israeli President Isaac Herzog said Wednesday that his country was not pursuing regime […]
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CNBC Daily Open: Stagflation on the Fed’s mind
U.S. Federal Reserve Chairman Jerome Powell speaks at a news conference on June 18, 2025, in Washington DC, United States. Yasin Ozturk | Anadolu | Getty Images At U.S. Federal Reserve Chair Jerome Powell’s post-meeting press conference, the topic of tariffs — specifically, their impact on prices — was a recurring one. “Everyone that I […]
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Asia-Pacific markets trade mixed as investors weigh Fed decision, Middle East conflict
Sydney Harbour and the skyline of the central business district (CBD) in Sydney, Australia, on Tuesday, April 29, 2025. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets traded mixed Thursday, as investors weighed the U.S. Federal Reserve’s decision to keep interest rates steady, while the ongoing conflict between Israel and Iran continues to dent sentiment. […]
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Fund managers are pouring money into emerging markets. Here’s where investors see opportunities
Volatility has gripped global equity markets this year — and according to some asset managers, now could be the perfect time to rethink emerging markets. Developing economies were hit particularly hard by U.S. President Donald Trump’s so-called “reciprocal tariffs” plans when he unveiled them in April, with Sri Lanka, Cambodia and Vietnam slapped with tariffs […]
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Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation
Owner Jeanie Buss of the Los Angeles Lakers and Jay Mohr prior to game one of a first round NBA basketball game between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles on Saturday, April 19, 2025. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images The Buss […]
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Trump and India’s Modi split over U.S. role in Pakistan ceasefire
US President Donald Trump and Indian Prime Minister Narendra Modi hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025. Andrew Caballero-Reynolds | Afp | Getty Images Indian Prime Minister Narendra Modi used his first conversation with U.S. President Donald Trump since the early May […]
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Boeing 737 MAX victims’ relatives ask judge to reject deal ending criminal case
Family members hold photographs of Boeing 737 MAX crash victims lost in two deadly 737 MAX crashes that killed 346 people as they arrive for Boeing CEO Dennis Muilenburg’s testimony before a Senate Commerce, Science and Transportation Committee hearing on “aviation safety” and the grounded 737 MAX on Capitol Hill in Washington, October 29, 2019. […]
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Air India to cut international flights on widebody aircraft by 15%
An Air India Boeing 787-8 Dreamliner. Sopa Images | Lightrocket | Getty Images Air India said on Wednesday it will cut international operations on its widebody aircraft by 15% for the next few weeks, citing ongoing safety inspections and operational disruptions following last week’s deadly crash of one of its Boeing 787 Dreamliners. Authorities continue to investigate the crash of […]
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Nike pushes back Skims launch with Kim Kardashian due to production delays
NikeSKIMS, a new brand from NIKE Inc. and SKIMS. Courtesy: NikeSKIMS Kim Kardashian fans are going to have to wait a little longer for the highly anticipated NikeSKIMS line. The activewear line will launch later this year instead of in the spring, like the companies had originally announced, because of production delays, according to a […]
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DOJ seizes record $225 million in crypto tied to global ‘pig butchering’ scams
The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally. Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in […]
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