Author: Newyorki

In a dramatic turn of events, U.S. technology stocks experienced a staggering $1 trillion loss following the unveiling of DeepSeek’s advanced AI chatbot. The Chinese startup’s innovative model has sent shockwaves through global markets, challenging the dominance of established American tech giants. Leading the downturn, Nvidia’s shares plummeted by 17%, marking the largest single-day loss in U.S. market history. Other major players, including Microsoft and Tesla, also faced significant declines as investors reevaluated the competitive landscape in artificial intelligence. DeepSeek’s chatbot, developed at a fraction of the cost of its Western counterparts, has outperformed existing models, raising concerns about the…

President Donald Trump’s recent proposal to relocate Palestinians from the Gaza Strip to neighboring countries has ignited widespread condemnation, with critics labeling the plan as tantamount to ethnic cleansing. The suggestion involves moving Gaza’s population to Egypt and Jordan, a notion that has been met with firm rejection from both nations and the international community. Trump indicated that he had discussed this idea with Jordan’s King Abdullah and planned to broach the subject with Egyptian President Abdel Fattah al-Sisi. However, both Egypt and Jordan have consistently opposed such proposals, viewing them as threats to regional stability and the Palestinian cause.…

On January 23, 2025, U.S. District Judge John Coughenour issued a temporary restraining order against President Donald Trump’s executive order aimed at terminating birthright citizenship. Signed on January 20, the order sought to deny citizenship to children born in the United States to non-citizen parents. Judge Coughenour, appointed by President Ronald Reagan, labeled the order as “blatantly unconstitutional,” referencing the 14th Amendment, which guarantees citizenship to all individuals born on U.S. soil. The executive order was set to take effect on February 19, 2025, but faced immediate legal challenges. Twenty-two states, along with civil rights and immigrant advocacy organizations, filed…

In a decisive move to strengthen border security, President Donald Trump has directed the deployment of an additional 1,500 active-duty military personnel to the U.S.-Mexico border. This action is part of a broader strategy to curb illegal immigration and enhance enforcement measures. The newly deployed troops will join the approximately 2,200 active-duty service members and 4,500 National Guard members already stationed along the southern border. Their responsibilities will encompass logistical support, surveillance, and assistance in constructing physical barriers to deter unauthorized crossings. This military reinforcement coincides with President Trump’s recent executive order declaring a national emergency at the southern border.…

During the inaugural prayer service at Washington National Cathedral on January 21, 2025, Episcopal Bishop Mariann Edgar Budde directly addressed President Donald Trump, urging him to extend mercy towards immigrants and LGBTQ+ individuals. In her sermon, Bishop Budde highlighted the fears and challenges faced by these communities, emphasizing the importance of compassion and understanding. She stated, “There are children in our land who are afraid… because of their gender identity or sexual orientation.” She also underscored the contributions of immigrants, noting that many “perform the most humble tasks with dignity.” President Trump, seated in the front row alongside First Lady…

On January 20, 2025, President Donald Trump commenced his second term by issuing a series of sweeping executive orders and pardons, marking a significant shift in U.S. policy. In an unprecedented move, President Trump granted full pardons to over 1,500 individuals charged in connection with the January 6, 2021, Capitol riot. This clemency extends to high-profile figures, including leaders of the Oath Keepers and Proud Boys, who had been convicted of serious offenses such as seditious conspiracy. The pardons effectively nullify the largest criminal investigation ever undertaken by the Department of Justice, which had resulted in more than 1,000 guilty…

On January 19, 2025, TikTok began reinstating its services in the United States after President-elect Donald Trump announced plans to issue an executive order postponing the app’s impending ban. The ban, set to take effect on January 19, 2025, was a result of legislation requiring ByteDance, TikTok’s Chinese parent company, to divest its U.S. operations due to national security concerns. In response to the looming deadline, TikTok had proactively suspended its services in the U.S., including removal from app stores. However, following President Trump’s assurance of a 90-day extension and protection for companies supporting TikTok’s operations, the platform initiated the…

In the wake of devastating wildfires that have ravaged Los Angeles, residents and advocacy groups are intensifying calls for the fossil fuel industry to be held financially accountable for the destruction. The recent fires have resulted in at least 24 fatalities and the destruction of over 12,000 structures, leading to economic damages estimated between $52 billion and $57 billion. A significant development in this movement is the proposal of a climate superfund bill by local legislators. This bill is modeled after federal laws that require polluters to finance the cleanup of hazardous waste. If enacted, it would mandate that major…

Israel and Hamas have agreed to a ceasefire in the Gaza Strip, set to begin on Sunday, January 19, 2025, aiming to end 15 months of intense conflict. The agreement includes a phased truce over six weeks, during which Israeli forces will gradually withdraw from Gaza. In exchange, Hamas will release hostages held in Gaza, and Israel will free Palestinian prisoners. The initial phase involves a 42-day ceasefire, with the gradual release of 33 Israeli hostages in critical condition, reciprocated by the release of hundreds of Palestinian prisoners. This deal, brokered by Qatar and Egypt with support from the United…

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, alleging that he failed to disclose his substantial purchases of Twitter stock within the required timeframe in early 2022. This delay purportedly allowed Musk to acquire additional shares at suppressed prices, potentially saving him over $150 million. According to the SEC, Musk began acquiring Twitter shares in January 2022, surpassing the 5% ownership threshold by March 14, 2022. Under federal securities laws, investors who exceed this threshold must file a disclosure with the SEC within ten days. However, Musk did not file the necessary disclosure until…