Author: Newyorki

Former U.S. President Donald Trump has filed a $10 billion defamation lawsuit against the Wall Street Journal, its parent companies, two of its reporters, and media mogul Rupert Murdoch. The legal action comes in response to the Journal’s recent report alleging that Trump wrote a letter to convicted sex offender Jeffrey Epstein on the occasion of his 50th birthday. The Lawsuit Filed on Friday in the U.S. District Court for the Southern District of Florida, the lawsuit names News Corp, Dow Jones, Rupert Murdoch, and two WSJ reporters as defendants. Trump is seeking a jury trial and damages “not less…

The U.S. Department of Justice (DoJ) has formally requested the unsealing of grand jury transcripts related to investigations involving the late financier Jeffrey Epstein and his associate Ghislaine Maxwell, who is currently serving a 20-year sentence for aiding in the trafficking of underage girls. The motion was filed on Friday in a federal court in Manhattan, signaling a shift toward greater transparency amid mounting criticism of the administration’s handling of the case. The request comes in response to a wave of public and political backlash following the release of a government memorandum earlier this month. Public Demands for Transparency The…

Donald Trump’s Second Term: Six Months in Six Charts It has been six months since Donald Trump began his second term as President of the United States. During this time, his administration has enacted sweeping changes that have dramatically altered domestic and international policy landscapes. From aggressive trade maneuvers and mass deportation strategies to historic tax legislation and unprecedented government downsizing, Trump’s presidency has once again redefined executive power in the modern era. The following provides an overview of key developments using six data-backed insights: 1. Markets and Currency Volatility U.S. financial markets have experienced extreme fluctuations. In April, stock…

WASHINGTON — The U.S. Senate has narrowly approved a $9 billion federal spending cuts package that would reduce funding for public broadcasting, global health initiatives, and international aid programs. The vote, held in the early hours of July 17 after over 12 hours of debate, moves the bill closer to final passage ahead of a critical July 18 deadline. The measure, originally proposed by President Donald Trump in early June, is part of a broader push by the administration to reduce federal spending. According to the Department of Government Efficiency, the administration has already identified nearly $200 billion in overall…

Former President Donald Trump has lashed out at segments of his own support base, accusing them of falling for what he described as “the Jeffrey Epstein Hoax.” His remarks follow a controversial memo from the Department of Justice (DOJ) and the FBI that dismissed key conspiracy theories surrounding Epstein’s death and alleged blackmail network, deepening a rift within Trump’s MAGA movement. In a fiery post on Truth Social this Wednesday, Trump wrote: “Their new SCAM is what we will forever call the Jeffrey Epstein Hoax, and my PAST supporters have bought into this ‘bullshit’, hook, line, and sinker.” He further…

In a surprising move that could have broad implications for the U.S. beverage and agricultural industries, former President Donald Trump announced on Wednesday that Coca-Cola will begin using cane sugar in its U.S. production of Coca-Cola beverages. The shift would mark a significant departure from the company’s long-standing reliance on high fructose corn syrup (HFCS), a widely used but controversial sweetener. Trump made the announcement via a social media post, stating that he had spoken with Coca-Cola executives about the switch and that the company had “agreed to do so.” He called the decision “a good move,” adding: “You’ll see.…

As former President Donald Trump intensifies his attacks on the Federal Reserve and its chairman, Jay Powell, investors are sending a clear message: enough is enough. Trump’s long-standing disdain for the Fed is rooted in his real estate background, which favors low interest rates to boost borrowing and investment. His economic philosophy leans heavily on cheap credit and high tariffs—pillars that clash with the Fed’s independent, inflation-conscious stance. Over recent months, Trump has publicly insulted Powell—calling him a “numbskull” and “terrible” in the role—despite the irony that Trump himself appointed Powell to the position in 2018. The verbal barrage culminated…

Former President Donald Trump reignited concerns about the independence of the Federal Reserve this week after reportedly asking Republican lawmakers whether he should dismiss Fed Chair Jay Powell before the end of his term. The move triggered sharp market reactions, with the U.S. dollar dipping as much as 0.9% against major currencies before stabilizing. According to multiple sources, Trump posed the question during a meeting with roughly a dozen Republican members of Congress on Tuesday night. While he later publicly downplayed the prospect of firing Powell, saying it was “highly unlikely” unless fraud were involved, his remarks fueled speculation and…

The U.S. Department of Justice has dismissed Maurene Comey, a long-serving federal prosecutor who handled several high-profile cases, including the investigation into Jeffrey Epstein and the prosecution of Ghislaine Maxwell. Her termination, confirmed by three individuals familiar with the matter, occurred on Wednesday, though no official reason was provided. Comey, the daughter of former FBI Director James Comey, had served nearly a decade in the Southern District of New York (SDNY). Most recently, she was involved in the case against music producer Sean “Diddy” Combs, who was acquitted of the most serious charges earlier this month but convicted on prostitution-related…

Financial markets have been rattled by former U.S. President Donald Trump’s increasing criticism of the Federal Reserve, with investors expressing concern over the central bank’s independence and its ability to manage inflation. The volatility began after reports emerged that Trump had asked lawmakers whether he should dismiss Federal Reserve Chair Jay Powell. The U.S. dollar responded by dropping 1.2% against a basket of major currencies, though it later regained some ground following Trump’s reassurance that firing Powell was “highly unlikely.” Despite this, market participants remain uneasy. Bill Campbell, a portfolio manager at DoubleLine Capital, commented, “Even after pulling back, there…