Author: Newyorki

A federal judge has issued a preliminary injunction halting the enforcement of a new Arkansas law that would have required public schools to display the Ten Commandments in classrooms and libraries, ruling the measure as “plainly unconstitutional.” U.S. District Judge Timothy Brooks issued the ruling on August 4, just one day before Arkansas Act 573 was set to take effect. The law would have compelled schools across the state to prominently post framed copies of the Ten Commandments, a move that sparked widespread opposition from civil rights organizations and multifaith families. In his decision, Judge Brooks wrote that the mandated…

Former President Donald Trump briefly confused Department of Homeland Security Secretary Kristi Noem with professional golfer Cristie Kerr during a press conference on August 5, moments before signing an executive order related to the 2028 Summer Olympic Games in Los Angeles. Speaking at the White House, Trump was acknowledging key members of the newly formed task force responsible for overseeing Olympic operations and security. While recognizing Cabinet members, he introduced “Secretary of Homeland Security Cristie Kerr” before quickly realizing the mistake. “Cristie Kerr — do you know who Cristie Kerr is?” Trump said, prompting laughter from those on stage, including…

In an unusual presidential move, Donald Trump made a surprise appearance on the roof of the White House’s West Wing on August 5, surveying ongoing and upcoming renovations to the historic residence. Joined by White House officials and architect James McCrery, Trump inspected the grounds and discussed plans for a new 90,000-square-foot ballroom expansion on the South Lawn. The proposed project, which Trump announced last week, is estimated to cost $200 million and will reportedly be financed through a combination of private donations and personal funds. “Anything I do is financed by me, so you don’t have to worry,” Trump…

In a sweeping economic and military initiative, former U.S. President Donald Trump’s latest tax and spending bill—dubbed the “big, beautiful bill”—has become a windfall for Silicon Valley’s fast-growing defense tech sector. With nearly $300 billion allocated to modernize the military, strengthen homeland security, and advance defense infrastructure, the legislation is poised to reshape how America invests in technology-driven security solutions. Silicon Valley’s Rising Defense Giants Among the biggest winners is Anduril Industries, a California-based defense tech company specializing in autonomous surveillance systems. Co-founded by Oculus founder Palmer Luckey and backed by billionaire investor Peter Thiel, Anduril is the only approved…

In a pivotal week for U.S. economic governance, President Donald Trump has signaled major shifts in leadership at key financial institutions, while simultaneously intensifying trade actions. His recent decisions are poised to reshape not only the Federal Reserve but also the way economic data is managed and perceived across the country. Federal Reserve and BLS in Focus Trump announced his intention to fill a vacant seat on the Federal Reserve Board and appoint a new head of the Bureau of Labor Statistics (BLS), just days after firing former BLS commissioner Erika McEntarfer. Her dismissal came in the wake of a…

Former President Donald Trump has confirmed he will not nominate current Treasury Secretary Scott Bessent as the next Federal Reserve Chair, narrowing the field of candidates to replace Jerome Powell when his term ends in May 2026. Speaking to CNBC on Tuesday, Trump said he had approached Bessent about the potential move, but the Treasury Secretary declined. “I love Scott, but he wants to stay where he is. He does not want it,” Trump said. “He likes being Treasury secretary. He’s doing a really good job.” Trump indicated he is now considering four candidates for the top post at the…

Pfizer, the U.S.-based pharmaceutical giant, has announced an upward revision of its full-year profit outlook, citing strong progress in its cost-cutting initiatives and ongoing political pressure from U.S. President Donald Trump to reduce drug prices. On Tuesday, Pfizer increased its guidance for adjusted earnings per share by $0.10, setting a new range of $2.90 to $3.10. This revised forecast takes into account a one-time cost related to its licensing deal with Chinese biotech firm 3SBio, signed earlier this year. Following the announcement, Pfizer shares rose 5.2% on the New York Stock Exchange. Multi-Billion-Dollar Cost-Saving Plan The company is currently implementing…

In a move drawing sharp criticism from economists and political observers, U.S. President Donald Trump has dismissed Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer following the release of disappointing job figures for July. The BLS reported sluggish non-farm payroll growth and revised job creation estimates from previous months downward by 258,000 — data that reportedly enraged the president. Without presenting evidence, Trump accused McEntarfer of manipulating the figures, claiming, “Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes.” However, experts argue that Trump’s response could have the opposite effect — undermining the…

Former U.S. President Donald Trump has reignited controversy over alleged political bias in the banking sector, claiming that major financial institutions, including JPMorgan Chase and Bank of America, refused to do business with him following his departure from the White House in 2021. In a recent appearance on CNBC, Trump stated that JPMorgan informed him his accounts were being closed, despite a relationship spanning nearly four decades. “I was loaded up with cash and they told me, ‘I’m sorry, sir, we can’t have you. You have 20 days to get out’,” he said. “I’ve been with you for 35, 40…

A controversial redistricting initiative in Texas, backed by former President Donald Trump, has ignited a fierce political battle that threatens to reshape the U.S. electoral landscape ahead of the 2026 midterm elections. The dispute over congressional maps is intensifying partisan divisions, drawing in both Democratic and Republican leaders from across the country. Trump, speaking in a recent television interview, urged Texas Governor Greg Abbott to push forward with a redrawing of congressional districts that could secure up to five additional Republican seats. The former president emphasized his support by saying, “We have an opportunity in Texas to pick up five…