Author: Newyorki

President Donald Trump intensified his campaign against the U.S. Federal Reserve on Thursday with a dramatic and unprecedented visit to the central bank’s Washington headquarters, confronting Chair Jerome Powell over interest rate policy and the institution’s controversial renovation project. As he toured the Fed’s Marriner S. Eccles Building — currently undergoing extensive refurbishment — Trump publicly pressured Powell to cut interest rates and accused the central bank of excessive spending. The interaction was broadcast live, capturing a tense moment as Trump clapped Powell on the back and quipped: “I would love it if he lowered interest rates.” Historic and Tense…

The U.S. Department of Justice has filed a lawsuit against New York City and Mayor Eric Adams, accusing the city of obstructing federal immigration enforcement through its sanctuary city policies. The legal action marks a significant escalation in the Trump administration’s crackdown on undocumented immigration and follows similar lawsuits against other Democratic-led jurisdictions. Allegations of Obstruction Filed in federal court in Brooklyn, the complaint alleges that New York City has violated the U.S. Constitution’s Supremacy Clause by enacting local laws that conflict with federal immigration statutes. Prosecutors claim the city has refused to cooperate with federal authorities, releasing undocumented immigrants…

In a rare and highly publicized visit to the Federal Reserve, U.S. President Donald Trump and Federal Reserve Chair Jay Powell engaged in a tense exchange over the cost of renovations at the Fed’s headquarters and the direction of interest rate policy. The encounter, captured on live television, underscored mounting tensions between the White House and the traditionally independent central bank. A Confrontation at the Construction Site Wearing white construction helmets, Trump and Powell toured the renovation site of the Fed’s Marriner S. Eccles Building in Washington. During the visit, Trump questioned the project’s ballooning budget, claiming costs had jumped…

The U.S. Federal Communications Commission (FCC) has officially approved the merger between Skydance Media and Paramount Global, clearing the final regulatory hurdle in a deal worth $8 billion. The decision paves the way for a major transformation in the U.S. media landscape, uniting one of Hollywood’s most prominent independent studios with a legacy media giant. The deal, led by Skydance CEO David Ellison — son of Oracle founder Larry Ellison — is expected to close within weeks, according to sources familiar with the matter. Paramount, owner of CBS, Paramount Pictures, and cable networks such as MTV, will now be combined…

In a significant shift in U.S. foreign policy towards Venezuela, the Trump administration has reversed its previous decision and granted Chevron permission to resume oil production and exports from the South American country. This move softens the administration’s earlier hardline approach towards the authoritarian government of President Nicolás Maduro. The new licence allows Chevron, which had operated in Venezuela through joint ventures with state oil company PDVSA, to restart operations halted earlier due to sanctions. Prior to the suspension, Chevron had been producing approximately 240,000 barrels per day — nearly a quarter of Venezuela’s total oil output. Context and Reversal…

Florida Governor Ron DeSantis has called on the Trump administration to release all files related to convicted sex offender Jeffrey Epstein, stating that the public deserves full transparency. DeSantis emphasized that Epstein and his longtime associate Ghislaine Maxwell “didn’t just act alone” and questioned why no others have been brought to justice in connection with the high-profile sex trafficking case. Speaking to Fox News on July 20, DeSantis said, “What I would say is just release it—let people see. I do think there’s a desire for justice because Jeffrey Epstein and Maxwell didn’t just do this amongst themselves. There were…

U.S. stock markets surged on Monday, with the S&P 500 and Nasdaq Composite reaching record highs as investors welcomed a wave of strong corporate earnings and looked ahead to key reports from major tech firms later this week. By early afternoon, the Dow Jones Industrial Average had gained 245.19 points (0.55%) to reach 44,587.38. The S&P 500 climbed 38.17 points (0.61%) to 6,334.96, while the Nasdaq advanced 158.34 points (0.76%) to 21,053.99—both indexes marking fresh all-time highs. Meanwhile, the 10-year U.S. Treasury yield dipped to 4.356%. Strong Start to Earnings Season Earnings reports have been overwhelmingly positive so far, with…

Harvard University appeared in federal court on July 21 to challenge the Trump administration’s decision to revoke roughly $2.5 billion in research grants. The university is asking U.S. District Judge Allison Burroughs to declare the funding cuts unlawful and to order the restoration of support for hundreds of scientific and medical research projects currently at risk. The court hearing marks a significant escalation in tensions between the Ivy League institution and the White House. Since President Trump’s return to office in January, his administration has ramped up scrutiny of American universities, with Harvard emerging as a central target. The administration…

President Donald Trump celebrated the six-month milestone of his second term in office by declaring that the United States has regained global respect and become the “hottest” country in the world. In a post on Truth Social, the president praised the accomplishments of his administration and framed the first half-year of his term as one of the most impactful in presidential history. “Wow, time flies!” Trump wrote. “Importantly, it’s being hailed as one of the most consequential periods of any President. In other words, we got a lot of good and great things done, including ending numerous wars of Countries…

President Donald Trump continues to escalate threats of increased tariffs on European goods, the European Union finds itself in a familiar position: armed with the legal and regulatory instruments to retaliate, yet politically hesitant to deploy them. At the center of the dispute are Trump’s proposed “reciprocal tariffs,” which could reimpose duties of up to 15–20% on EU exports if a new trade agreement is not reached by August 1. While initial negotiations between the EU and U.S. showed some flexibility — including proposals to balance car imports and exports — Trump has interpreted these overtures as weakness and responded…