Author: Newyorki

The phrase “Don’t fight the Fed” has long been a guiding principle for investors, suggesting that going against U.S. Federal Reserve policy is a losing battle. Popularized during the post-2008 financial recovery, the phrase reflected confidence in the central bank’s role in stabilizing markets through ultra-low interest rates and quantitative easing. But today, its meaning has shifted — now serving as a warning to President Donald Trump, whose ongoing attacks on Fed Chair Jay Powell are raising serious concerns about the independence of the central bank. President Trump has repeatedly called for lower interest rates, arguing that monetary easing would…

U.S. companies are facing a growing wave of federal scrutiny as the Trump administration intensifies its immigration enforcement strategy through widespread audits of employment verification documents. The surge in audits is part of a broader push to remove undocumented immigrants and enforce hiring regulations more aggressively than ever before. While public attention has largely focused on high-profile raids by Immigration and Customs Enforcement (ICE) agents, business leaders and legal experts say the real pressure lies in the expanding audits of Form I-9, the federal document employers must complete to verify a worker’s eligibility to work in the U.S. Human resources…

U.S. Treasury Secretary Scott Bessent has called for a comprehensive investigation into the Federal Reserve, signaling an intensifying campaign by the Trump administration against the central bank’s leadership and operations. In remarks made during an interview with CNBC on Monday, Bessent stated: “What we need to do is examine the entire Federal Reserve institution and whether they have been successful.” His comments come amid growing frustration within the Trump administration over the Fed’s monetary policy stance, particularly its decision to maintain current interest rates rather than implementing further cuts. President Donald Trump and his top officials have repeatedly criticized Fed…

Kerrville, Texas – Officials have significantly revised the number of people still missing after devastating floods struck Kerr County over the Fourth of July holiday, reducing the count from at least 97 to just three, according to an update issued on July 19. The announcement came from the Kerr County Flood Disaster Joint Information Center, which stated that the sharp reduction in the number of missing persons is the result of extensive follow-up and verification work carried out by multiple agencies. “Through extensive follow-up work among state and local agencies, many individuals who were initially reported as missing have been…

Senator Amy Klobuchar criticized President Donald Trump on Sunday for attempting to shift blame onto Democrats amid ongoing scrutiny over his administration’s handling of documents related to the late financier and convicted sex offender Jeffrey Epstein. Appearing on CNN’s State of the Union, the Minnesota Democrat dismissed Trump’s remarks as deflective and compared them to a viral incident involving a corporate executive caught in a compromising moment at a Coldplay concert. “It’s like that CEO that got caught on camera blaming Coldplay,” Klobuchar said, referencing the widely circulated video of Astronomer CEO Andy Byron, who resigned after being filmed embracing…

A new CBS News/YouGov poll released on July 20 reveals a noticeable decline in President Donald Trump’s approval rating, driven in large part by public dissatisfaction with his administration’s immigration policies. The survey highlights immigration as the top issue influencing Americans’ views of the president’s job performance, surpassing concerns about inflation and the economy. Approval Rating Drops to 42% According to the poll, Trump’s overall approval rating now stands at 42%, with 58% disapproving of his job performance. This marks a steady decline from 45% in June and 47% in April. Immigration policy emerged as the most significant factor influencing…

After enduring its worst start to a year since 1973, the U.S. dollar has regained some momentum, buoyed by stronger-than-expected economic data and a resilient labor market. The rebound has eased concerns over the currency’s long-term outlook amid a backdrop of trade tensions and political pressure on the Federal Reserve. Dollar Gains Amid Economic Strength The dollar index, which measures the currency’s performance against a basket of major peers, rose 1.6% in July, setting it on track for its first monthly gain of 2025. This comes after a sharp decline in the first half of the year, driven by investor…

The United States has formally rejected newly adopted reforms by the World Health Organization (WHO) aimed at strengthening global coordination during health emergencies, citing concerns over national sovereignty and potential overreach. In a statement released Friday, U.S. Health Secretary Robert F. Kennedy Jr. announced that the U.S. would not participate in the WHO’s revised regulations, which were approved by the organization’s member states last year. The decision was made just one day before the deadline to decline the amendments. Concerns Over Broad Powers and Surveillance Kennedy criticized the updated WHO framework, arguing it granted the organization “unprecedented power” through broad…

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…