Breaking News: Politics
New York City braces for wealth flight with Mamdani’s political rise
Zohran Mamdani’s primary win in New York City’s mayoral race and proposal to raise taxes on millionaires have touched off fears of a new wave of wealth flight from the city. Yet so far, there is little evidence of a slowdown in high-end real estate or real wealth losses in New York. Florida real estate […]
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New U.S. assessment finds American strikes destroyed only one of three Iranian nuclear sites
A satellite view shows an overview of Fordow underground complex, after the U.S. struck the underground nuclear facility, near Qom, Iran June 22, 2025. Maxar Technologies | Via Reuters WASHINGTON — One of the three nuclear enrichment sites in Iran struck by the United States last month was mostly destroyed, setting work there back significantly. […]
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Meta and Google are laying a web of globe-spanning subsea cables. We found out what’s involved
U.S. hyperscalers Meta and Alphabet ‘s Google are rolling out a fast-growing web of transcontinental subsea cables, looking to keep pace with ever-increasing bandwidth demand and artificial intelligence workloads. Submarine cables are the backbone of the world’s internet and telecommunications infrastructure, enabling everything from international phone calls to financial transactions. While satellites play a complementary […]
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What happens if Trump fires Fed Chair Powell: ‘This would be a mess,’ analysts warn
U.S. Federal Reserve Chair Jerome Powell, left, and U.S. President Donald Trump. Nathan Howard | Jonathan Ernst | Reuters A new research note gaming out possible scenarios if President Donald Trump decides to fire Federal Reserve Chairman Jerome Powell warns that, regardless of what exactly happens next, “this would be a mess.” “We expect, as […]
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Crypto regulation stumbles in Congress for a second day
Representative Steve Scalise, a Republican from Louisiana, center, speaks to members of the media in Statuary Hall of the US Capitol in Washington, DC, US, on Wednesday, July 16, 2025. Valerie Plesch | Bloomberg | Getty Images The future of a trio of crypto regulation bills was in limbo late Wednesday, after the second day of […]
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Shares of gun seller GrabAGun — backed by Donald Trump Jr. — tank after NYSE trading debut
Donald Trump Jr. rings the opening bell on the New York Stock Exchange (NYSE) for the Texas-based firearm e-commerce platform GrabAGun where Trump is a member of the board on July 16, 2025 in New York City. Spencer Platt | Getty Images Shares of the online firearms retailer GrabAGun — whose shareholders and board members […]
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Trump administration sued by U.S. states for cutting disaster prevention grants
Fire-affected residents meet with FEMA officials on Jan. 14, 2025 in Pasadena, California, where a FEMA Disaster Recovery Center opened today to help homeowners, renters, businesses and non-profits with their economic recovery. Frederic J. Brown | AFP | Getty Images A group of 20 mostly Democrat-led U.S. states filed a lawsuit on Wednesday seeking to […]
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Trump denies that he plans to fire Powell: ‘Highly unlikely’
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump. Craig Hudson | Evelyn Hockstein | Reuters Hours after President Donald Trump told a room full of Republican lawmakers that he will fire Federal Reserve Chair Jerome Powell, he denied plans to do that. “We’re not planning on doing it,” he said. “It’s highly […]
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Trump lashes out at Republicans over Jeffrey Epstein file demands
President Donald Trump returns to the White House, in Washington, D.C., from Pittsburgh, July 15, 2025. Celal Gunes | Anadolu | Getty Images President Donald Trump on Wednesday sharply criticized the bloc of his own political base that is publicly demanding the release of the so-called Jeffrey Epstein files, calling them “weaklings” whose support he […]
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EU proposes raising defense funding in 2-trillion-euro budget
President of the European Commission Ursula von der Leyen talking to media at the end of a bilateral meeting in the Berlaymont, the EU Commission headquarter on July 13, 2025 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images The European Union’s executive arm on Wednesday put forward a proposal for a […]
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