Author: Newyorki

Former U.S. President Donald Trump has announced plans to nominate economist Stephen Miran to temporarily fill a vacant seat on the Federal Reserve Board of Governors. If confirmed by the Senate, Miran will step into the position left by Adriana Kugler, who recently departed the Fed months before her term’s official end in January 2026. Miran, a senior economic adviser and close Trump ally, is known for his support of the former president’s economic policies — especially his controversial stance on tariffs. He has consistently argued that tariffs are not inherently inflationary, diverging from the views of Federal Reserve Chair…

The Trump administration is moving forward with efforts to privatize U.S. mortgage giants Fannie Mae and Freddie Mac, with plans for a potential public offering later this year. The move aims to shift the federally backed housing finance agencies out of government conservatorship after more than 15 years under state control. Sources familiar with the discussions revealed that the administration is considering raising approximately $30 billion through an initial public offering (IPO), with a combined valuation of the two entities estimated around $500 billion. However, senior officials noted that the plan remains fluid and subject to change in the coming…

The US investment-grade corporate bond market has recorded its largest weekly inflows in nearly five years, signaling investor confidence despite signs of an economic slowdown. According to data from EPFR, exchange-traded funds (ETFs) and mutual funds focusing on highly rated US corporate debt attracted approximately $11.6 billion in inflows between July 30 and August 6. This marks the fifth-highest weekly inflow on record and the most significant since late 2020, per JPMorgan analysts. The surge in demand comes amid mixed signals from the US economy. Recent reports show a cooling in both growth and hiring, and Donald Trump’s new round…

The White House has announced plans to issue an executive order clarifying the U.S. government’s position on tariffs affecting gold bars, following a regulatory decision that has unsettled the global bullion market and sparked confusion among traders. The clarification comes in response to a recent ruling by U.S. Customs and Border Protection (CBP), which stated that one-kilo and 100-ounce gold bars—two of the most commonly traded formats—should be classified under a customs code that makes them subject to import tariffs. This contradicts a previous April 2025 White House statement that explicitly exempted gold bullion from tariffs imposed under President Donald…

Former President Donald Trump has signed a sweeping executive order to open up America’s $9 trillion retirement market to alternative investments, including cryptocurrency, private equity, and real estate ventures. The move significantly reshapes the way savings in 401(k) retirement plans can be managed for nearly 90 million Americans. According to senior administration officials, the order directs federal agencies to reassess and clarify regulations to permit professionally managed 401(k) funds to include riskier, non-traditional assets. Traditionally, these retirement plans have focused on low-cost mutual funds, stocks, bonds, and index trackers like the S&P 500. Expansion into Alternatives The move is expected…

Former President Donald Trump has called for a new nationwide census that would exclude individuals residing in the United States without legal documentation, a move that could significantly reshape the country’s demographic data and political representation. In a statement posted to his Truth Social platform on Thursday morning, Trump said he had directed the Department of Commerce to begin preparations for a “new and highly accurate CENSUS,” one that would incorporate data from the 2024 presidential election and specifically exclude undocumented migrants. “People who are in our country illegally WILL NOT BE COUNTED IN THE CENSUS,” Trump wrote. The U.S.…

The National Weather Service (NWS) is taking significant steps to address a critical staffing shortfall that has plagued the agency since the beginning of President Donald Trump’s term, when federal budget cuts and early retirements led to more than 550 vacant positions nationwide. Earlier this summer, the agency secured an emergency hiring exemption to fill 126 of those vacancies and began posting job listings on USAJobs.gov. Now, according to internal communications shared during an all-hands meeting on August 4, the agency has received authorization to hire up to 450 employees by September 2026, according to two recently retired NWS veterans.…

Two Pennsylvania State Police troopers were shot on Wednesday in what authorities described as an “active situation” in northeast Susquehanna County. According to an official statement from state police, the troopers were responding to a call near Route 171, approximately five miles north of Thompson Township, when the shooting occurred. Both injured officers were transported to nearby hospitals. Their current conditions have not been officially confirmed, though updates are expected. In a social media post, U.S. Representative Rob Bresnahan expressed relief upon hearing that the troopers are likely to be in stable condition. “We’re grateful for their service and praying…

Senator John Cornyn (R-Texas) announced that FBI Director Kash Patel has approved his request for federal assistance in locating more than 50 Texas Democratic lawmakers who left the state to prevent a quorum on a controversial redistricting plan. In a statement released Wednesday, Cornyn confirmed that the FBI will work alongside Texas state and local law enforcement to track down the absent legislators. “I thank President Trump and Director Patel for supporting and swiftly acting on my call for the federal government to hold these supposed lawmakers accountable for fleeing Texas,” he said. “We cannot allow these rogue legislators to…

Former President Donald Trump has demanded the immediate resignation of Intel CEO Lip-Bu Tan, citing national security concerns linked to Tan’s alleged ties to Chinese companies and a criminal case involving his former firm, Cadence Design Systems. Posting on his Truth Social platform, Trump declared: “Tan is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.” The call follows a letter sent by Republican Senator Tom Cotton to Intel’s board chair, raising alarms about Tan’s reported investments in Chinese semiconductor and advanced manufacturing firms, including some allegedly connected to the Chinese military. According to Reuters,…