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Le Mignot bought the 1,429-square-foot condo, which is in a renovated building and has lake views, with her husband.
BOGOTA, Colombia, June 27, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE:EC, the ", Company", ) informs that on June 27, 2025, the credit rating agency S&P Global Ratings downgraded Ecopetrol's global credit rating from BB+ to BB and maintained the negative outlook. This action is aligned with the downgrade of the Republic of Colombia's sovereign rating on June 26, 2025. Additionally, the agency affirmed Ecopetrol's Stand-Alone Credit Profile (SACP) at bb+.In its report, S&P stated that Ecopetrol's global rating was adjusted in line with Colombia's sovereign rating and remains capped by it, due to the Company's significance in national revenue generation, its status as a government-related entity, and its role in the country's energy transition. The negative outlook on Ecopetrol reflects the sovereign's outlook.Regarding the stand-alone rating, the agency expects Ecopetrol to maintain its leverage ratio (debt/EBITDA) between 2.0x and 2.5x, with an EBITDA margin close to 40%. S&P also positively highlighted the Company's 2040 ...Full story available on Benzinga.com
Michelle Bernstein Schultz disappeared in 2022 and three years later, her family still has no idea why she left without her personal belongings and totally out of character. FOX 10's Justin Lum reports.
BOGOTA, Colombia, June 27, 2025 /PRNewswire/ -- Ecopetrol S.A. ((BVC: ECOPETROL, NYSE:EC) (the "Company" or "Ecopetrol") announces that the credit rating agency Moody's has affirmed the Company's global credit rating at Ba1 with a stable outlook. The agency also confirmed Ecopetrol's standalone rating at b1.Moody's stated that the Ba1 global rating reflects Ecopetrol's position as Colombia's leading oil and gas producer, as well as its significant power transmission business in Colombia and other Latin American countries.The aforementioned factors support a global rating that is three notches above the Company's standalone rating, including the backing of the Colombian government through the gradual phase-out of fuel subsidies, as well as the reduction in accounts receivable related to the Fuel Price Stabilization Fund (FEPC), both of which have contributed to strengthening the Company's liquidity.Regarding the standalone rating, Moody's highlighted the strength and stability of the Company's cash flow, further supported by its power transmission subsidiary (ISA) and midstream ...Full story available on Benzinga.com
While consumer distress in auto and personal loans also picked up, the pace of growth among mortgages was atypical, Vantagescore's monthly credit gauge said.
The challengers argued that members of the Preventive Services Task Force were improperly appointed because they were not approved by the Senate.
CBS News becomes the first U.S broadcast network to have a reporter in Tehran, Iran.
Americans reined in their spending last month CNNCore inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows CNBCGloomy Americans cut back on spending as inflation ticks higher CityNews HalifaxUS Fed's preferred inflation gauge picks up as tariff effects loom France 24Key U.S. inflation gauge rose last month while Americans cut back on spending CTV News
A slide in Europe puts fresh pressure on Musk’s team.
ST. PETERSBURG, Fla., June 27, 2025 /PRNewswire/ -- With a record breaking 72.2 million people expected to travel during the Independence Day holiday period, travelers should expect bustling airports and busy roads. Squaremouth, the nation's largest travel insurance comparison service,...
The two government-sponsored enterprises are repositioning Common Securitization Solutions to align with priorities set by their regulator and President Trump.
Supreme Court OKs fee that subsidizes phone, internet services in schools, libraries and rural areas
This digital payment card for iPhone users makes it easy to make a purchase or send money.
Graham Breaks With Trump Over Iran Strike Effectiveness: 'I Don't Know Where The Enriched Uranium Is' President Trump is not going to like this. After getting out of a classified Senate briefing on Thursday, Republican Senator Lindsey Graham's first words to the press and to the American people were that he "didn’t want people to think the problem is over, because it’s not" - in reference to the Trump-ordered B-2 bomber strikes on Iran's main nuclear and enrichment facilities."The real question is, have we obliterated their desire to have a nuclear weapon," Graham questioned. "I don't want people to think that the site wasn't severely damaged or obliterated. It was. But having said that, I don't want people to think the problem is over, because it's not." "I don’t know where the 900 pounds of enriched uranium exists, but it wasn't part of the target set for several years," Graham was quoted in the NY Times as saying.He did try to voice acknowledgement of the official White House position, perhaps trying to keep the peace with Trump, saying "They are obliterated today but they can reconstitute."The NY Times summarizes of where things stand, "There is confusion also about where the stockpile was originally. Mr. Trump has suggested it was at Fordo. Others have said some was at Natanz."And further the Times writes, "The International Atomic Energy Agency has said the majority of the stockpile was at Isfahan, where Iran had reactors and other nuclear facilities that used the uranium. And some experts have suggested Iran has dispersed the stockpile."Meanwhile, we recall President Trump's words given to our White House correspondent just one week ago..."People have to be very careful with what they say, because their mouth can get them into a lot of trouble," he responded when asked about Graham and Pompeo being on the ground in Ukraine possibly sabotaging efforts at peace.“People have to be very careful with what they say, because their mouth can get them into a lot of trouble”— Donald Trump, about Lindsey Grahampic.twitter.com/MDKIjk2786 https://t.co/oO7bpupg3M— Liam McCollum (@MLiamMcCollum) June 26, 2025A number of Democratic Senators after their classified Iran briefing also had similar reactions to Graham."I walk away from that briefing still under the belief that we have not obliterated the program," Sen. Chris Murphy of Connecticut told reporters. "The president was deliberately misleading the public when he said the program was obliterated. It is certain that there is still significant capability, significant equipment that remain." "You cannot bomb knowledge out of existence — no matter how many scientists you kill," Murphy added. "There are still people in Iran who how to work centrifuges. And if they still have enriched uranium and they still have the ability to use centrifuges, then you're not setting back the program by years. You're setting back the program by months." Israel claims to have assassinated at least 14 Iranian nuclear scientists during the nearly two-weeks of bombing and sabotage operations against the Islamic Republic.Top Democrat on the Senate Intelligence Committee, Sen. Mark Warner of Virginia, said following the intel briefing, "Listen, I hope that is the final assessment. But if not, does that end up providing a false sense of comfort to the American people?" Senate Majority Leader Chuck Schumer had this to say: "What was clear is that there was no coherent strategy, no end game, no plan, no specific, no detailed plan on how Iran does not attain a nuclear weapon."Again, Trump isn't going to be happy to see Graham siding with the Democrats on this one. But Fox too has been very skeptical, as have other conservative as well as independent outlets. Tyler DurdenFri, 06/27/2025 - 10:45
"These earmuffs are extremely comfortable to wear, and they reduce the noise significantly!"
All seven of the show’s correspondents reportedly urged Paramount co-CEO George Cheeks to officially name Tanya Simon as executive producer.
Gold headed for its second consecutive weekly loss, after a ceasefire between Israel and Iran dented demand for havens.Bullion edged lower early in Asia to around $3 315 an ounce and was down about 1.5% for the week. The precious metal has generally been confined to a narrow trading band this week, except for Tuesday when it slumped as the Middle East rivals honored a ceasefire agreement after almost two weeks of warfare.
China's May industrial profits slip back into sharp decline ReutersChina's industrial profits plunge 9.1%, steepest fall in seven months CNBCChina’s Industrial Profits Plummet as Trump’s Tariffs Hit BloombergChina’s Industrial Profit Declined in May WSJChina industrial profits slide as trade war uncertainty sets in Financial Times
The U.S. and China have further confirmed the details of the trade agreement reached by both sides earlier this month in London, according to a statement released by China’s Ministry of Commerce Friday afternoon.China will review and approve the export applications of items under export control rules, while the U.S. will cancel a range of existing restrictive measures imposed against China, a spokesperson for the ministry said in the statement.The statement came after U.S. President Donald Trump said Thursday at an event in the White House that both sides had signed a trade deal, without providing further details.This is breaking news. Please refresh for updates.
The biggest threat to Peru tapping more of its giant copper deposits is rising informal and illegal mining activity, according to the head of the country’s main industry association, SNMPE.Peru has slipped to third in the global copper-production ranking and last year posted its first decline in output in five years. This year it should be able to get back to growth, albeit slightly, and reach a record 3.4 million metric tons by decade-end, according to Julia Torreblanca, SNMPE’s President.
In the study of rare diseases and precision medicine, understanding gene expression in the spatial context of tissues is essential. High-throughput sequencing and STOmics technology will enhance biological and molecular understanding of various pathologies. MILAN, June 26, 2025...
Watch: Stars arrive in Venice for Jeff Bezos wedding BBCKim Kardashian Rocks Statement Shades as She Arrives in Venice, Plus Ashanti, Mariska Hargitay and More People.comLauren Sánchez’s First Bridal Look? Schiaparelli Couture VogueI run a souvenir stall in Venice. The real chaos is coming from protesters, not Jeff Bezos' wedding. Business InsiderAt the Bezos-Sanchez wedding: Kim Kardashian, Leonardo DiCaprio and Oprah join the $50-million festivities in Venice CNN
Microsoft Corporation (NASDAQ:MSFT) co-founder Bill Gates has once again expressed his concerns about the impact of continued U.S. cuts to global health aid, warning that these reductions could lead to an additional 8 million child deaths by 2040, citing a study.What Happened: Sharing his Gates notes on X, formerly Twitter, Gates said he has worked in global health for over 25 years. “At this point, I know as much about improving health in poor countries as I do about software.”He then highlighted concerns about the consequences of slashed funding for health initiatives. “So when the United States and other governments suddenly cut their aid budgets the way they’ve been doing, I know for a fact that more children will die.”See Also: Mark Zuckerberg Warns Of ‘Serious Disadvantage’ As China’s Data-Center Blitz Could Let DeepSeek Leapfrog US AI LabsWhen the United States and other governments suddenly cut their aid budgets, I know for a fact that more children will die. ...Full story available on Benzinga.com
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Cancer Patients Recover By Taking Repurposed Anti-Parasitic Drugs Authored by Huey Freeman via The Epoch Times (emphasis ours),Joe Tippens never planned to discover a potential remedy that he credits with saving his life and thrust him into the spotlight among notable cancer survivors. The 67-year-old businessman told The Epoch Times he just wanted to beat a type of cancer with an extremely low survival rate.Illustration by The Epoch TimesIn August 2016, Tippens was diagnosed with small cell lung cancer with a fist-sized tumor. After undergoing chemotherapy and radiation five times a week in Houston, the large tumor in his left lung was eliminated. However, Tippens said the treatments came closer to killing him than curing him.When he returned home to Oklahoma after the New Year, he received devastating news. His oncologist told him he had zero chance of surviving for more than a few months.“In January of 2017, my PET scan lit up like a Christmas tree and I had wide metastasis everywhere, including in my neck, bones, pancreas, and liver,” Tippens said.Finding a LifelineFacing a prognosis of three months to live, Tippens heard an intriguing story from a veterinarian he knew: A scientist with terminal cancer reportedly cured her lab mice and then herself using fenbendazole, an antiparasitic drug.The story was the beginning of what eventually became the “Joe Tippens Protocol.”Fenbendazole, used for 30 years to treat intestinal parasites in animals, has not received U.S. Food and Drug Administration (FDA) approval for human use, meaning doctors cannot prescribe it for people. However, with a terminal diagnosis and nothing to lose, Tippens decided to try it alongside his conventional treatments.Tippens found that Panacur, a trade name for fenbendazole, was sold over the counter at outlets that carry veterinary medications.Starting in the third week of January 2017, Tippens began taking the canine medication, Panacur, 1 gram per day for three consecutive days per week. After four days without the medication, which contains about 222 milligrams of fenbendazole per gram, he would repeat his three-day routine. Three months later, Tippens was cancer-free.His protocol also included Theracurmin, a form of the active compound in turmeric, and CBD, an extract of cannabis which does not cause intoxication.Scientific Support and MechanismsDr. William Makis, an oncologist and cancer researcher based in Edmonton, Canada, has studied Tippens’s approach and treats cancer patients worldwide, primarily through telehealth.“I’ve had several patients declared cancer-free after doing the protocol for a number of months,” Makis told The Epoch Times. “What made [Tippens’] situation so powerful is that he cured himself of a cancer that is very aggressive—small cell lung cancer—and he had a terminal diagnosis.”According to Makis, the family of anti-parasitic drugs that includes fenbendazole, mebendazole, and albendazole works well—scientists have found at least 12 ways the medications can fight cancer.The effectiveness of the drugs stems from key similarities between parasite and cancer cells: both have the capacity for autonomous survival and proliferation, resistance to cell-death pathways, and the ability to circumvent the host immune system.Anti-parasitic drugs appear to fight cancer through multiple mechanisms:Boosting protein called p53: P53 is a tumor suppressor protein that helps kill cancer cells.Blocking glucose uptake: Cancer cells depend on sugar for energy and growth.Disrupting microtubules: These cellular structures are crucial for cell division of cancer cells.Affecting mitochondrial function: Depletes cellular energy, increases oxidative stress, and blocks a critical pathway that regulates cell growth of cancer cells.Researchers at the Stanford University Medical Center have reported several case reports, using fenbendazole to cure Stage 4 cancer cases, Makis said. The series of case reports was published in 2021 in SciTechnol, an online, London-based publisher of scientific journal articles.A thought-provoking review citing animal studies published in 2024 in Anticancer Research Journal concluded that fenbendazole affects energy metabolism—mainly by increasing the levels of p53 and affecting pathways that control sugar uptake. It ultimately starves cancer cells and causes them to die with minimal harm to normal cells. The researchers concluded that fenbendazole’s effects on energy metabolism “could lead to significant advances in cancer treatment.”Some preliminary research also suggested potential anti-cancer mechanisms for fenbendazole. A study published in Scientific Reports in 2018 by researchers in India found that fenbendazole “may be evaluated as a potential therapeutic agent because of its effect on multiple cellular pathways leading to effective elimination of cancer cells.” Specifically, fenbendazole interferes with microtubules involved in cell division.A 2016 study published in Biochemical and Biophysical Research Communications found that ivermectin, an antiparasitic drug approved for human use, shows promise against glioblastoma, an aggressive brain cancer known for treatment resistance. The drug kills glioblastoma cells and inhibits blood vessel development. In laboratory and mouse studies, ivermectin triggers cancer cell death and significantly reduces tumor growth.Recent research has shown that a combination of fenbendazole and diisopropylamino dichloroacetate, a compound used to treat hepatitis, has shown some anticancer properties in cell cultures and animal studies. Combined, the drugs kill lung cancer cells more effectively than either drug alone.Makis has found that combining fenbendazole with ivermectin can increase the protocol’s effectiveness.“When you combine them, you go from attacking cancer in a dozen ways to attacking cancer in two dozen ways,” Makis said. “I have found it very reasonable to include both of them in protocols if there is pre-clinical research that each of them has an effect [on] that particular type of cancer. Whenever you have a specific cancer, I want to look at the body of research to see if there is a proven effect of either ivermectin or fenbendazole for that type of cancer. If there is, then I share that research with my patients.”Makis has treated patients with various cancers—from common types like breast, prostate, colon, and lung cancer to rarer forms such as cholangiocarcinoma (bile duct cancer) and sarcomas (soft tissue cancers). “I’ve had several patients declared cancer-free after doing the protocol for a number of months,” Makis said.Although Makis has been recommending ivermectin and fenbendazole for cancer treatment, he acknowledges that many doctors refrain from this practice.Doctors are very hesitant to help cancer patients with repurposed drugs because of repercussions from the medical boards, Makis said.“On the other hand, you have doctors who are willing to help patients with repurposed drugs but no experience with oncology,” he said.When asked whether he recommends that cancer patients consult with an integrative physician who approves of those treatments, Makis said it is good for a patient to have a relationship with a doctor who has experience with oncology.“It depends on the physician’s background,” Makis said. “Some doctors have extensive experience, after seeing cancer patients for many years.”Patient Success StoriesDonna Leland, 64, a show host on the national Moody Radio Network, was diagnosed with Stage 3 cervical and endometrial cancer in April 2023. She underwent a hysterectomy but declined the recommended chemotherapy and radiation.“I had seen the outcome for other people who had gone that route,” Leland told The Epoch Times. “Some had gotten all cleared, but then the cancer came back. I know it diminishes your own immune system’s ability to fight off disease.”Leland told the doctor she did not want those treatments and asked for another option. But she was offered nothing else.“I knew there had to be a better way than to fry everything. I just said, ‘I’d rather die than fry.’”Leland began taking fenbendazole and ivermectin. She also found support from Terry Harmon, a chiropractor and functional medicine physician in Kentucky.Harmon says more than 100 of his patients have reported positive health benefits from using fenbendazole or ivermectin.“The reason so many people are finding success is twofold,” Harmon told The Epoch Times. “It is addressing infections. It helps the body heal and get stronger. There is research showing this combination helps the body’s ability genetically to kill cancer and prevent cancer from growing and spreading.”Leland said she had confirmation of the effectiveness of these alternative treatments from studies on ivermectin, fenbendazole, and other anti-parasitic drugs. Mebendazole is another anti-parasitic drug that both Makis and Harmon recommended as an effective cancer treatment.One year after her hysterectomy, Leland said she is healthier than she has ever been, partly because of her continuing use of anti-parasitic drugs for preventive purposes.“After being checked every three months for evidence of cancer, my oncologist continues to declare me cancer-free.”“I feel like I’m 20 years younger,” Leland said. “God has been faithful to lead me on this journey.”Global ImpactThe Tippens Protocol has achieved significant international reach, particularly in China, where a translated blog has garnered more than 20 million views. This has led to an estimated 70,000 followers of what’s affectionately called the “Uncle Joey Protocol.”Despite opportunities to monetize his discovery, Tippens has refused all financial gain.“I have had search engine experts who have told me I could monetize this blog to the tune of $25,000 to $30,000 per month,” he said. “I can’t do that for a simple reason: I have hundreds of people who have told me the reason they believe me and trust me is because I am doing all this and not monetizing it. The second I monetized it, I would be just another guy out there hawking product out on the Internet, trying to make money.”Tippens warns about fraudulent Facebook pages that falsely use his name to sell substandard drugs.Regulatory and Medical ChallengesThe FDA confirmed that it has not approved “drug products containing fenbendazole for use in humans,” said Lauren-Jei McCarthy, FDA press officer, in a statement to The Epoch Times. It has not gone through the rigorous testing and clinical trials required for drugs intended for human use. Fenbendazole is approved by the FDA as an antiparasitic drug for use in animals. It is commonly used to deworm dogs, cats, horses, and cattle.Ivermectin, while FDA-approved for human use against parasitic worms, is not approved for cancer treatment. Health care providers may prescribe ivermectin to fight cancer as a repurposed medication. Both medications are available without prescriptions and are routinely purchased for veterinary use.Makis, who has been at the cutting edge of advocating for holistic treatments that include the repurposed drugs, said he believes we are in a revolutionary era of effective cancer treatments.“This is the first time in several generations there is a strong movement for true medical freedom, to allow for exploration of treatments that don’t benefit any big company,” he said.Serious side effects from fenbendazole and ivermectin are rare, Makis said.“I have seen moderate side effects, which include unpleasant visual symptoms, some dizziness, and fatigue,” Makis said.Tippens is encouraged by ongoing research into other FDA-approved drugs that might be repurposed for cancer treatment.“Because of my story, I think there are other efforts in research in the anti-parasitic category,“ Tippen said. ”There are seven sister drugs to fenbendazole. One medical group has used mebendazole in their protocol. I think I’ve started at least opening people’s brains to something.” Tyler DurdenThu, 06/26/2025 - 22:35
SoftBank CEO Masayoshi Son said he is “all in” on OpenAI, with its planned investments in the company reaching about 4.8 trillion Japanese yen ($33.2 billion). “I think that OpenAI will be listed eventually and, in my belief, will become the most valuable company in the world,” Son said at a shareholders’ meeting. He revealed he had wanted to be an early investor in OpenAI but ultimately lost out to Microsoft.SoftBank is “all in” on OpenAI, CEO Masayoshi Son said on Friday, as the Japanese tech giant looks to realize its vision of “artificial superintelligence.”This year, the Japanese multinational conglomerate has been increasing its investments in OpenAI and participating in joint ventures such as the $500 billion Stargate project. According to Son, SoftBank is now “all in” on the artificial intelligence company, with total planned investments in the company reaching about 4.8 trillion Japanese yen ($33.2 billion), despite it being unlisted and unprofitable.“I think that OpenAI will be listed eventually and, in my belief, will become the most valuable company in the world,” Son said. He added, however, that it “takes bravery to invest” in such a company. As it turns out, Son has long held that conviction. During the shareholders’ meeting, he revealed that before 2019, OpenAI CEO Sam Altman had asked him if SoftBank would invest $10 billion into the company.“I said, yes, I would ... I was serious because I had financial resources thanks to Vision Fund’s performance. But obviously, Sam talked to other potential investors, and eventually, they picked Microsoft,” he said. Microsoft ultimately inked the deal, which made it the exclusive provider of computing power for OpenAI’s research, products, and programming interfaces for developers. However, Microsoft lost its status as OpenAI’s exclusive cloud provider at the start of this year.And that relationship now appears to be on rocky footing. According to recent reports, Microsoft hasn’t approved an OpenAI restructuring plan that would turn it into a more conventional for-profit company.Touching upon the reports, Son suggested that Altman should have chosen SoftBank, not Microsoft, as its initial partner, though he noted that SoftBank was smaller at the time and that Microsoft had its global supply chains, technical talents and brand value to offer. SoftBank has previously stated that it could reduce its portion of its $30 billion investment in OpenAI’s latest funding round in March to $20 billion if it doesn’t restructure into a for-profit entity by Dec. 31.However, on Friday, Son said that his conviction on OpenAI has only grown stronger and that SoftBank will continue to deepen its relationship with the company, regardless of what happens with Microsoft. Artificial superintelligencePart of Son’s belief in OpenAI stems from his desire for SoftBank to be at the center of “artificial superintelligence,” which he has described as AI that is 10,000 times smarter than humans. Son said on Friday that he wants SoftBank to become the biggest platform provider for this ASI within the next decade, serving as the “organizer of the industry in the artificial superintelligence era.” He added that SoftBank’s partnership with OpenAI, along with British semiconductor company Arm, which SoftBank acquired in 2016, would be essential to those plans.Other major AI-related investments that SoftBank has made this year include an acquisition of U.S.-based chips designer Ampere for $6.5 billion. Bloomberg News reported last week, citing people familiar with the matter, that Son is also considering establishing a $1 trillion industrial complex in the U.S. that will develop AI.
Sudbury-based RIINO has officially released a new short documentary – produced in collaboration with CBS and Acumen – spotlighting behind the scenes of RIINO’s fully [...]The post New doc features RIINO’s electric rail system and its future in mining haulage appeared first on Canadian Mining Journal.
GÖNEN, Turkey, June 27, 2025 /PRNewswire/ -- Turkey is grappling with a significant water challenge: 186 of its 240 lakes have vanished in just 60 years. This ongoing environmental pressure has driven innovations among local small and medium-sized farmers. In Gönen, the nation's rice...
A political decision one thousand kilometres from Jeronimo Kataquapit’s home in a remote First Nation near James Bay set the course for his summer. Now, the 20-year-old from Attawapiskat First Nation, his father, mother and older brother are headed upriver in two 24-foot freighter canoes on a 400-kilometre journey to “reassert First Nations’ presence” near [...]
Rapidly growing healthtech startup has majority of its backing from Canadian investors.The post NiaHealth raises $5.75 million as it hopes to become a household name in preventative healthcare first appeared on BetaKit.
SPOKANE — Microsoft employees aren’t getting much time to take a breath between layoff rounds as thousands could be let go in early July, according to news reports.
Three Cheers for Jerome Powell Barron'sTrump's war against the Powell Fed has taken another political turn CNBCExclusive | Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell WSJInvestors on Edge About a Potential Shadow Fed Chair The New York TimesTrump versus the Fed The American Prospect
It suggests businesses are holding off on hiring new workers because of uncertainty.
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that, further to its news releases dated June 11, 2025, it has closed the first tranche of its non-brokered private placement (the "Private Placement") raising gross...
MAKATI CITY, Philippines, June 25, 2025 /PRNewswire/ -- ACEN, in partnership with UPC Renewables, has commenced construction of two major renewable energy projects in India: a 420 MW solar farm in Rajasthan and a 120 MW wind farm in Karnataka. These new developments mark a significant step forward in ACEN and UPC's strategic expansion into one of the world's fastest-growing clean energy markets. Slated for completion by early 2027, the projects are expected to generate a combined 1,158 GWh of clean electricity annually, enough to power around 241,000 homes and avoid over 876,000 tons of carbon emissions ...Full story available on Benzinga.com
Many on the new nine-member board introduced at Wednesday's meeting are business owners, like the governor.
OAKDALE, Minn., June 25, 2025 /PRNewswire/ -- Rove Pest Control, a trusted name in pest management known for its commitment to exceptional service and customer understanding, today announced that its Madison, Wisconsin operations have been acquired by Greenix Pest Control,...
TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- Optiva Inc. ("Optiva" or the "Company") (TSX:OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today announced that Patrick DiPietro, Lee Matheson, Simon Parmar, Robert Stabile, Barry Symons, and Birgit Troy were elected to the Company's board of directors (the "Board") at the Company's annual meeting of holders of common shares held earlier today (the "Meeting"). In addition, a resolution was carried at the Meeting to re-appoint KPMG LLP as the auditor of the Company and to authorize the Board to fix the auditor's remuneration.
Mars' acquisition of Pringles' maker triggers EU alarms DWMars’s $30 Billion Takeover of Kellanova Comes Under In-Depth EU Investigation WSJUS FTC says Mars' $36 billion Kellanova deal is not anticompetitive ReutersMars' $36 billion Kellanova deal may lead to price hikes, EU regulators warn Yahoo FinanceMars $36 Billion Kellanova Deal Waved Ahead by US Regulator Bloomberg
ISIS-Inspired Drone War Plans Leaked From US National Security Council Authored by José Niño via Headline USA,According to leaked documents, British and American academics advised the U.S. National Security Council to encourage Ukraine to adopt ISIS-style drone tactics against Russian railways.In a report published by investigative journalist Kit Klarenberg for The Grayzone on Monday, Project Alchemy, a secret academic-intelligence cell whose mission was “to keep Ukraine fighting” by imposing “strategic dilemmas, costs and frictions upon Russia” was revealed as the network allegedly behind these plans.The academic recommendations were delivered to Colonel Tim Wright, who served as the Biden administration’s Director for Russia at the National Security Council from August 2021 to July 2022. The proposals came from three key drone experts within a broader Ukraine Working Group composed of “approximately 60 experts hailing from states throughout NATO” who sought to “assist Ukraine’s defense (short of deploying combat forces).”Zachary Kallenborn from George Mason University’s Schar School advocated for “two-stage attacks like ISIS did frequently” on Russian railways, recommending Ukraine “break the track, and wait for the engineers to come to fix it, then use the drone to kill them.” An unnamed Durham University researcher identified as “M.E.D.” cited Islamic State’s “innovative” use of drones as documented in a July 2018 West Point paper, suggesting commercial drones could be “modified via a simple drop mechanism... to serve as effective munitions delivery platforms.”Dominika Kunertova, formerly of ETH Zurich’s Center for Security Studies and currently directing drone warfare research at the Atlantic Council, recommended targeting “anything that uses” railroads as opposed to the infrastructure itself.These academic blueprints proved prophetic when Ukraine launched Operation Spider Web late last month conducting bold drone attacks inside Russia that killed seven people and injured more than 30, including two children.The timing proved particularly significant as these attacks took place “on the eve of scheduled negotiations between Russia and Ukraine.”Ukrainian forces subsequently destroyed a Russian fuel train late last month using a DJI Mavic III drone, one of the specific models Kallenborn had recommended for modification.The attacks continued through this month with Operation Spiderweb 2.0, demonstrating how the “British-born strategy has heavily influenced the thinking of Kiev’s increasingly desperate military.” Tyler DurdenWed, 06/25/2025 - 22:35
H&M has faced several consecutive quarters of soft sales, as it has struggled to close a widening gap with rivals Inditex, Shein and Temu. Revenues at the world’s second-largest clothing retailer dipped year-on-year to 56.71 billion Swedish krona. The company did not provide specific detail on the impact of trade tariffs, but said it was closely watching the situation.Swedish clothing giant H&M on Thursday reported weaker-than-expected sales in the fiscal second quarter but pointed to an uptick in demand to kick-start the summer season.Revenues at the world’s second-largest clothing retailer dipped year-on-year to 56.71 billion Swedish krona ($5.99 billion) in the three-month period to May. 31, slightly below the 57.01 billion Swedish krona forecast by LSEG analysts. In local currencies, sales were up 1%.Operating profit totaled 5.9 billion Swedish krona over the quarter, in line with expectations.Shares were up 5.2% by 8:07 a.m. London time.CEO Daniel Erver said that the quarter’s results were “negatively affected” by higher purchasing prices from a more expensive U.S. dollar and higher freight costs.The company noted, however, that sales in June were expected to increase 3% in local currencies as demand shows signs of picking up over the summer months.“The negative external factors that increased the costs of purchasing for the first half of the year are turning positive for the second half of the year,” Erver said in a statement accompanying the results.H&M, which counts the U.S. as its second-largest single market and heavily depends on production in Asia — notably China and Bangladesh — did not provide specific detail on the impact of U.S. trade tariffs, but said it was watching the situation.It nevertheless noted cautiousness among consumers in current “uncertain times.”“The company is closely monitoring developments in global trade and trade restrictions. With good flexibility in the supply chain and through the pricing of the customer offering there are opportunities to adapt the business to changed conditions,” Erver added.It also flagged 200 store closures scheduled for 2025, primarily in established markets, and 80 new store openings, largely in growth markets.The fashion retailer previously reported a slow start to the year, but pointed to an annual uptick in sales in March.H&M has faced several consecutive quarters of soft sales, as it has struggled to close a widening gap with Inditex-owned rival Zara and fend off increased competition from lower-cost retailers, such as Shein and Temu.U.S. tariffs and weak consumer confidence have nevertheless become a drag for the retail sector more widely, with Inditex earlier this month posting weaker-than-expected quarterly sales and a slower start to the summer amid broad economic uncertainty.Retail and consumer goods emerged as the most distressed sector in Europe, according to a new report from law firm Weil, Gotshal & Manges LLP, which cited tight credit conditions, cost inflation and weaker consumer demand among pressures on the industry.This is a developing story and will be updated shortly.
The Trump Organization has removed a reference to the recently-announced T1 smartphone being made in America. The T1’s webpage now has a reference to “American-Proud Design.” The website says the device is “brought to life right here in the USA.” When the T1 was initially announced, experts told CNBC the device would likely be made in China.The Trump Organization scrapped a reference that its recently revealed smartphone will be made in the U.S., amid doubts that such a device can be manufactured on American shores at its price tag.A spokesperson for the Trump Organization, which is owned by U.S. President Donald Trump, nevertheless maintained the handset would be made in the U.S.This month, the Trump Organization introduced the T1, a gold-colored device set to retail for $499. At the time of the announcement, a banner on the homepage of the company’s website said: “Our MADE IN THE USA ‘T1 Phone’ is available for pre-order now.”The reference to where the phone will be produced has been completely removed. The change was first noted by The Verge.The T1’s webpage now says the phone has “American-Proud Design” and is “brought to life right here in the USA” — though it’s unclear if that means it will actually be manufactured in America.When the T1 was initially announced, experts told CNBC the device would likely be made in China by a local third-party company. The U.S. does not have an advanced supply chain to manufacture smartphones. Even if it did, many components would still need to come from overseas.However, in a statement to USA TODAY, Trump Mobile Spokesperson Chris Walker, said that “T1 phones are proudly being made in America.”“Speculation to the contrary is simply inaccurate,” Walker said.The language about manufacturing location is not the only thing that has changed on the T1 website. Some of the features and specs of the device have also been updated.In the initial announcement, the Trump Mobile website said the T1 would have a 6.8-inch AMOLED screen. That has now been reduced to 6.25-inch AMOLED display. A reference to the device having 12 gigabytes of random access memory (RAM), has also been dropped.It’s an unusual move for a smartphone company to change the specs of a device after it has been announced.CNBC has reached out to the Trump Organization about the changes in language regarding the device being manufactured in the U.S., as well as amendments to the phones specs.Trump has made reshoring manufacturing in tech a key priority. While his initial attention was on getting semiconductor manufacturing capacity built up, the White House leader has turned his sights on smartphones. He has also poured scrutiny on Apple‘s supply chain, urging the iPhone maker to manufacture its flagship handset in the U.S.
TORONTO, June 25, 2025 /CNW/ - First Nordic Metals Corp. ("First Nordic" or the "Company") (TSXV:FNM) (FNSE: FNMC SDB) (OTCQB:FNMCF) (FRA: HEG0) is pleased to announce the results of the Company's Annual General and Special Meeting of Shareholders (the "Meeting") held on June 25, 2025. A total of 49,884,492 common shares were represented in person or by proxy at the Meeting, representing approximately 18% of the votes attached to all outstanding common shares of the Company as at the record date. All the matters submitted to the shareholders, as set out in the Notice of Meeting dated May 22, 2025, were voted in favor. The number of directors elected at the Meeting was seven (7) and the directors will hold office until the next annual meeting of shareholders or until their successors are elected or appointed:DirectorVotes For% Votes ForVotes Withheld% Votes WithheldTaj Singh42,922,10590.23 %4,646,4699.77 %Adam Cegielski46,183,058Full story available on Benzinga.com
Judge Rejects Authors’ Claim That Meta AI Training Violated Copyrights VarietyIn a first-of-its-kind decision, an AI company wins a copyright infringement lawsuit brought by authors NPRThe Anthropic 'Fair Use' Copyright Ruling Exposes Blind Spots on AI Bloomberg.comMeta wins AI copyright lawsuit as US judge rules against authors The GuardianAnthropic destroyed millions of print books to build its AI models Ars Technica
The Trump Organization has removed a reference to the recently-announced T1 smartphone being made in America. The T1’s webpage now has a reference to “American-Proud Design.” The website says the device is “brought to life right here in the USA.” When the T1 was initially announced, experts told CNBC the device would likely be made in China.The Trump Organization scrapped a reference that its recently revealed smartphone will be made in the U.S., amid doubts that such a device can be manufactured on American shores at its price tag.A spokesperson for the Trump Organization, which is owned by U.S. President Donald Trump, nevertheless maintained the handset would be made in the U.S.This month, the Trump Organization introduced the T1, a gold-colored device set to retail for $499. At the time of the announcement, a banner on the homepage of the company’s website said: “Our MADE IN THE USA ‘T1 Phone’ is available for pre-order now.”The reference to where the phone will be produced has been completely removed. The change was first noted by The Verge.The T1’s webpage now says the phone has “American-Proud Design” and is “brought to life right here in the USA” — though it’s unclear if that means it will actually be manufactured in America.When the T1 was initially announced, experts told CNBC the device would likely be made in China by a local third-party company. The U.S. does not have an advanced supply chain to manufacture smartphones. Even if it did, many components would still need to come from overseas.However, in a statement to USA TODAY, Trump Mobile Spokesperson Chris Walker, said that “T1 phones are proudly being made in America.”“Speculation to the contrary is simply inaccurate,” Walker said.The language about manufacturing location is not the only thing that has changed on the T1 website. Some of the features and specs of the device have also been updated.In the initial announcement, the Trump Mobile website said the T1 would have a 6.8-inch AMOLED screen. That has now been reduced to 6.25-inch AMOLED display. A reference to the device having 12 gigabytes of random access memory (RAM), has also been dropped.It’s an unusual move for a smartphone company to change the specs of a device after it has been announced.CNBC has reached out to the Trump Organization about the changes in language regarding the device being manufactured in the U.S., as well as amendments to the phones specs.Trump has made reshoring manufacturing in tech a key priority. While his initial attention was on getting semiconductor manufacturing capacity built up, the White House leader has turned his sights on smartphones. He has also poured scrutiny on Apple‘s supply chain, urging the iPhone maker to manufacture its flagship handset in the U.S.
New York, NY, June 25, 2025 (GLOBE NEWSWIRE) -- The Network for Teaching Entrepreneurship (NFTE) today announced the expansion of its partnership with Curtis "50 Cent" Jackson's G-Unity Foundation. Initially launched at the 2024 NFTE Entrepreneurial Spirit Awards Gala, this collaboration is dedicated to equipping young people with the entrepreneurial skills and mindset they need to thrive in today's competitive world. The expanded partnership centers around a series of NFTE summer BizCamps operated in conjunction with the G-Unity Business Lab. These camps are designed to cultivate the next generation of entrepreneurs through hands-on learning experiences and community engagement. "This is about opening real doors for young people," said Curtis "50 Cent" Jackson, founder of the G-Unity Foundation. "When I was growing up, I had to navigate everything on my own. These camps provide the tools, mentorship, and confidence they need to take charge of their future — and that's life-changing." In partnership with the Inner City Entrepreneur Institute, the first of four BizCamps launched in Shreveport, Louisiana, earlier this month. This initiative is part of the G-Unity Foundation's broader commitment to community redevelopment in Shreveport, aimed at fostering new businesses and enhancing the local quality ...Full story available on Benzinga.com
Powell: Waiting to see what shows up in measured inflation Forexlive | Forex News, Technical Analysis & Trading ToolsWatch Fed Chair Jerome Powell testify live before Senate banking panel CNBCThe Fed Chair repeated that the US economy and labour market remain in a solid position FXStreetFed Leaders Signal Patience In Rate Changes As Tariffs Loom FinimizeEUR/USD Consolidates Ahead of Fed Chair Powell Testimony FOREX.com
CHARLESTON, S.C., June 25, 2025 (GLOBE NEWSWIRE) -- Lakeland Capital, a Charleston-based private, multifamily investment company active in select East Coast markets, is pleased to welcome Margaret Cover and Michael Smyth to its 2025 summer intern class.Margaret and Michael will support several ongoing initiatives across multiple functions, gaining hands-on experience along with invaluable insight into the overall multifamily investment and management business. Throughout the program, they will work alongside Lakeland Capital's leadership team and receive structured feedback during weekly touchpoints. The summer internship program culminates with Margaret and Michael delivering a set of actionable investment and operational recommendations."Our internship program provides a unique pathway for aspiring real estate professionals to cultivate critical skills through an immersive experience," said Alexander R. Westra, managing partner at Lakeland Capital. "We are delighted to welcome Margaret and Michael ...Full story available on Benzinga.com
Wine and spirits company fined $40K for paying Ontario retail stores to promote its products CTV News
Wine and spirits company fined $40K for paying Ontario retail stores to promote its products CP24
Crude oil inventories in the United States fell by 5.8 million barrels during the week ending June 20, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The drop brings commercial stockpiles to 415.1 million barrels, roughly 11% below the five-year average for this time of year. Crude prices were trading up ahead of the report. The American Petroleum Institute (API) on Tuesday had estimated a 4.277-million-barrel drop for the week ending June 20 after analysts had estimated a much smaller 600,000-barrel...
Cites new reports that looked at nine metals and five regions where opportunities exist for major projects
Take-Two Interactive (NASDAQ:TTWO) has outperformed the market over the past 20 years by 3.48% on an annualized basis producing an average annual return of 11.91%. Currently, Take-Two Interactive has a market capitalization of $44.42 billion. Buying $100 In TTWO: If ...Full story available on Benzinga.com
DELRAY BEACH, Fla., June 25, 2025 /PRNewswire/ -- 360Quadrants has released its latest PFAS Filtration Startups/SMEs Companies Assessment, 2025, recognizing key players, including both global giants and emerging innovators, for their excellence in market presence, product innovation, and business strategy. The report highlights Mineral Technologies, Inc., Aquasana Inc., Newterra Corporation, Eurowater, Aqua-Aerobic System, Inc. Hydroviv, Saltworks Technologies, Inc., Aclarity, Inc., Aquagga, Inc., and Onvector LLC, among the top companies, are actively shaping the future of the PFAS Filtration Startups/SMEs Companies Assessment.The evaluation leverages 360Quadrants' proprietary methodology to map competitive positioning across 7,000+ micro markets within 10+ industries, enabling decision-makers to make strategic, data-backed vendor choices.Company Highlights in the PFAS Filtration Startups/SMEs Companies Assessment:Mineral Technologies, Inc. is a global leader in water treatment technologies and solutions, operating through two main business segments: Consumer & Specialties and Engineered Solutions. Within the Engineered Solutions segment, the company provides advanced treatment solutions for per- and polyfluoroalkyl substances (PFAS). A key offering in this area is Fluoro-sorb adsorbent, a proprietary and NSF-certified product designed for the effective treatment of various PFAS compounds. This versatile solution binds a broad spectrum of PFAS contaminants and is suitable for diverse removal and remediation applications. It can also be used to manage contamination at its source through methods such as Permeable Reactive Barriers (PRB) and In Situ Stabilization and Solidification (ISS).Aclarity, inc. is a leading player in the water technology sector, offering a comprehensive PFAS destruction solution under the brand name "The Aclarity Octa." This groundbreaking system is the first full-scale PFAS destruction technology to be deployed globally. The Aclarity Octa utilizes a proprietary electrochemical process to effectively break down and eliminate PFAS contaminants. This advanced approach goes beyond traditional removal methods ...Full story available on Benzinga.com
Manitoba senior loses $2M in crypto scam Winnipeg Free PressManitobans being warned after senior loses $2M in crypto scam CTV NewsBrant County resident loses $18,500 in cryptocurrency scam: OPP Brantford ExpositorPolice sound alarm over rash of five-figure 'cryptocurrency fraud' cases lfpressVictim loses $18.5K in cryptocurrency scam: OPP The Spec
WTI Crude Prices Edge Higher After Across The Board Inventory Draws Oil prices edged higher this morning after posting the biggest two-day decline since 2022, as traders assessed the Iran-Israel ceasefire and the API report overnight that pointed to another drop in US crude stockpiles.“There is no longer any real fear of the conflict spreading,” said Arne Lohmann Rasmussen, chief analyst at A/S Global Risk Management. “With Trump’s comments on Iranian oil exports, downward pressure on oil prices is likely to continue.”APICrude -4.28mmCushing -75kGasoline +764kDistillates -1.03mmDOECrude -5.84mmCushing -464kGasoline -2.08mmDistillates -4.07mmThe official data confirmed API's reported big crude draw and products also saw major inventory drawdowns last week...Source: BloombergTotal US crude stockpiles dropped to their lowest since January...Source: BloombergDespite a small 237k addition to the SPR, Crude stocks fell for the 5th straight week...Source: BloombergUS crude production pushed modestly higher last week as the rig count continues to slide...Source: BloombergWTI Crude prices inched higher after the report following two days of carnage...Source: BloombergThe OPEC+ alliance is due to hold discussions on July 6 to consider a further supply boost in August. Tyler DurdenWed, 06/25/2025 - 10:43
Non-alcoholic beverage sales are trending upward in the two-week period ended June 14, as volume rose and pricing dipped, according to the latest NielsenIQ data analysis by Goldman Sachs Equity Research.
SOCIALIST WINS DEM PRIMARY IN NYC MAYORAL RACE ... Socialist On Brink Of Leading Center Of American Capitalism, Cuomo ConcedesSocialist Democratic New York Assemblyman Zohran Mamdani is ahead in the Democratic primary for New York City mayor, which was held on Tuesday.
Traders appear convinced that the ceasefire means few disruptions to the oil market, which would have raised prices and cut into profits.
Joerg Wuttke from DGA-Albright Stonebridge Group discusses Europe's plan to increase defense spending to 5% GDP. He says to spend 1.5% in that 5% on related spending such as infrastructure and software is a smart move given the expanded definition of dual-use.
Big Decisions Remain As Supreme Court's Term Approaches End Authored by Sam Dorman via The Epoch Times,The Supreme Court has already released major decisions for the 2024–2025 term, but some of its most consequential could still be in the making.So far, the justices have ruled on religious liberty, gender-related issues, environmental policy, and a case with a large impact on the vaping industry. Yet, more opinions are coming—ones that, among other things, could help determine parents’ rights, funding for abortion organizations, and whether and how much lower court judges can block presidents’ agendas.Here is a breakdown of what to expect as the term comes to an end:Birthright Citizenship and Nationwide InjunctionsFrom President Donald Trump’s first term to his second, presidents have encountered a spike in judges’ orders that block presidents’ agendas on a nationwide basis. These nationwide injunctions have provoked concerns about the nation’s separation of powers and whether the judiciary is being gamed by political activists.Three of these injunctions have targeted Trump’s attempt to limit birthright citizenship, which is a major portion of his immigration agenda. While the justices could weigh in on the constitutionality of Trump’s order, they will likely focus, at this point in litigation, on whether judges are exceeding their authority with such orders.U.S. Solicitor General D. John Sauer told the justices in May that nationwide injunctions exceeded the power granted to judges under Article III of the Constitution. That article allows the federal judiciary to hear “cases” and “controversies,” a provision that some say means that judges’ orders should affect only the parties before them in court.It’s unclear how the court will rule. The justices seemed divided during oral arguments on May 15. Regardless, the decision could alter the balance of power in the federal government for generations to come.Sex and Gender in School LibrariesThe court is expected to weigh in soon in Mahmoud v. Taylor. The case is about whether schools should be able to require children’s participation involving storybooks with controversial content about sexuality and gender.A group of Christian and Muslim parents sued Montgomery County Public Schools in Maryland, alleging that requiring their kids to hear storybooks without an opt-out on these topics burdened their parents’ exercise of religion under the First Amendment.Part of their argument cited a Supreme Court precedent known as Wisconsin v. Yoder (1972), which said parents have a constitutional right to direct the religious upbringing of their children. Among the cited content in the current case is “Born Ready,” a book with a transgender character named Penelope who identifies as a boy.The school district said that allowing children to opt out was not feasible and that its actions didn’t violate the First Amendment either because it wasn’t coercing children by exposing them to certain content.During oral arguments in April, the Supreme Court seemed inclined to rule in the parents’ favor but could see some dissent.Justice Ketanji Brown Jackson, for example, asked how the county was burdening parents when they didn’t have to send their kids to public school. “You can put them in another situation,” she said. “You can home-school them.”Age Verification for Porn WebsitesAmid an explosion of online pornography, states have attempted to intervene to prevent health-related harms to young people. One such law from Texas has offered the justices an opportunity to analyze how regulations on pornography may or may not conflict with the First Amendment.The Texas law requires pornographic websites to verify the age of their users. A porn industry group, known as the Free Speech Coalition, alleged that the requirement was too broad and therefore violated the First Amendment.The coalition initially won in district court, but the U.S. Court of Appeals for the Fifth Circuit allowed Texas’s age verification requirement to proceed. It said the requirement was rationally related to the state’s interest in protecting minors from pornography.The Free Speech Coalition told the Supreme Court that the Fifth Circuit should have applied strict scrutiny. Under that standard, governments have to show that their laws are not overly broad and serve a compelling state interest.Planned Parenthood and State Medicaid FundsPlanned Parenthood and abortion are back at the Supreme Court. But this time, the case focuses on how much money the abortion provider gets through Medicaid.In 2018, South Carolina’s government decided that abortion clinics enrolled in the program were unqualified to provide family planning services and shouldn’t receive funding.Planned Parenthood and a patient sued, arguing that the federal law establishing Medicaid allowed recipients to choose their providers. During oral argument on April 2, the Supreme Court weighed whether the law created an enforceable right for recipients to sue if they didn’t have access to the provider they chose.Obamacare Panel on Preventive MeasuresA separate, health-related case focuses on a panel set up under Obamacare, otherwise known as the Affordable Care Act, to recommend preventive care for insurance to cover. The legal issue the Supreme Court is reviewing is less about particular recommendations and more about the structure of the Preventive Services Task Force.A company known as Braidwood Management sued, alleging that the task force’s members had to be appointed by the president. They cited a provision of the Constitution known as the Appointments Clause.When the case, which was initiated during the first Trump administration, reached a federal appeals court, Braidwood won on that point. The Supreme Court reviewed the issue after the Biden administration asked it to intervene. The current Trump administration continued the legal defense of the task force. Tyler DurdenTue, 06/24/2025 - 22:35
Judge blocks Trump from withholding EV charger infrastructure funds The HillView Full Coverage on Google News
U.S. stocks ended the day on a high note, with the Nasdaq gaining over 1.4% on Tuesday to 19,912.53. The Dow also traded up 1.2% to 43,089.02, while the S&P 500 rose by 1.1% to 6,092.18. These are the top stocks that gained the attention of retail traders and investors throughout the day:BigBear.ai Holdings Inc (NYSE:BBAI)BigBear.ai stock soared 25.12% to close at $5.23, with an intraday high and low of $5.25 and $4.23, respectively. The 52-week high and low stand at $10.36 and $1.16. The AI solutions provider recently deployed its biometric passenger processing software at major U.S. and international airports, including JFK, LAX, and Chicago O'Hare.Advanced Micro Devices Inc (NASDAQ:AMD)AMD shares surged 6.83% to close at $138.43, with an intraday high and low of $138.79 ...Full story available on Benzinga.com
New Medicaid work requirements proposed in Republicans’ “One Big Beautiful Bill Act” may prompt millions of Americans to lose coverage. Individuals ages 19 to 64 would need to work at least 80 hours per week to be eligible for coverage, unless they qualify for certain exemptions. Here’s what experts say about the proposal.Kevin Carter | Getty Images News | Getty ImagesAmerican flags are displayed on the lawn of the National Mall with the U.S. Capitol Building in the background on June 2, 2025, in Washington, D.C. The “One Big Beautiful Bill Act” that is making its way through Congress may put millions of people at risk of losing access to Medicaid.One reform that may prompt that loss of coverage — the implementation of new work requirements — was included in both the Senate and House versions of the bill.In 2034, about 4.8 million additional people would be uninsured based on work requirements in the House Republican budget bill, according to the Congressional Budget Office, a nonpartisan legislative scorekeeper.More from Personal Finance:Health-care cuts in GOP budget bill prompt medical debt: ReportSenate tax bill includes $1,000 baby bonus in ‘Trump accounts’‘SALT’ deduction in limbo as Senate Republicans unveil tax plan“There’s no question that millions of people will be harmed,” said Allison Orris, senior fellow and director of Medicaid policy at the Center on Budget and Policy Priorities.Overall, 16 million individuals may be uninsured by 2034, according to CBO, based on the combined effects of the House Republicans’ budget bill on Medicaid and Affordable Care Act coverage; the expiration of enhanced premium tax credits tied to the ACA; and a separate rule proposed by the Trump administration targeting ACA marketplaces.‘Big beautiful’ bill includes Medicaid work requirementsThe House and Senate versions of the “big beautiful” bill would impose federal work requirements on Medicaid for the first time.Per the House and Senate proposals, individuals ages 19 to 64 who apply for Medicaid or who are enrolled through Affordable Care Act expansion group would need to would need to work or participate in qualifying activities for 80 hours per month.Adults may be exempt if they have dependent children or have qualifying circumstances such as medical conditions; however, “exemptions don’t always work, and people could lose coverage anyway,” Orris said.Medicaid work requirements proposed in the House bill would cut federal spending by $344 billion over 10 years, representing the legislation’s largest source of Medicaid savings, according to KFF, a nonprofit provider of health policy research.Current law prohibits basing Medicaid eligibility on work requirements or work reporting requirements, according to KFF. “Many people on Medicaid, if they’re able to, are already working,” said Robin Rudowitz, director of the program on Medicaid and the uninsured at KFF.However, some states may implement work requirements if they receive approval through waivers. Georgia is currently the only state with a Medicaid work requirement. “Several” other states have recently submitted waiver requests to put such requirements in place, according to KFF.Arkansas previously implemented Medicaid work requirements. However, estimates have shown while more people became uninsured because of that policy, there were not meaningful increases in employment, according to Rudowitz.Senate work requirements would include some parentsThe Senate version of the bill introduced a “harsher” take on the work requirements that would apply to some parents, Orris said. The Senate calls for limiting parental exemptions to those with children ages 14 and under, rather than all parents of dependent children as the House proposed.Individuals who apply for Medicaid coverage would need to meet work and other requirements for one or more consecutive months before they apply. Eligibility redeterminations would be conducted at least twice per year to ensure enrollees still meet those requirements.The Senate version proposes capping the look-back period for showing compliance with work requirements to three months, which on net may be helpful to people, Orris said.If an individual is denied coverage or disenrolled because they do not meet the Medicaid work requirements, they would be ineligible for subsidized marketplace coverage.The Senate bill also allows for a longer timeline for states to comply with the Medicaid work requirements. The chamber’s bill would give states the ability to ask for a good faith waiver that would give them an additional two years to come into compliance with the provision, or until the end of 2028, rather than the end of 2026 in the House version.
This is CNBC’s live blog covering Asia-Pacific markets.Asia-Pacific markets traded mixed Wednesday, as investors weighed a ceasefire between Israel and Iran, as well as fresh commentary from the U.S. Federal Reserve.There is growing optimism that a ceasefire between Israel and Iran brokered by U.S. President Donald Trump will likely hold.Australia’s S&P/ASX 200 was flat, closing at 8,559.2.South Korea’s Kospi climbed 0.15% to end at 3,108.25, while the small-cap Kosdaq fell 0.34% to end the trading day at 798.21.Japan’s benchmark Nikkei 225 rose 0.39% to 38,942.07, while the Topix closed flat at 2,782.24.Hong Kong’s Hang Seng index climbed 1.46% and mainland China’s CSI 300 rose 1.44% to 3,960.07.U.S. futures are near flat. Futures tied to the broad S&P 500 index ticked down 0.1%, as did Nasdaq 100 futures. Dow Jones Industrial Average futures lost 26 points, or 0.1%.Federal Reserve Chair Jerome Powell said Tuesday the Fed was committed to keeping inflation in check and would likely keep rates steady until there’s more clarity on how tariffs might affect prices.Powell said policymakers were “well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.”Overnight stateside, the three major averages closed higher. The Dow Jones Industrial Average climbed 507.24 points, or 1.19%, and closed at 43,089.02. The S&P 500 gained 1.11% to end at 6,092.18. The broad market index is now about 0.9% away from its 52-week high. The Nasdaq Composite advanced 1.43%, settling at 19,912.53. The Nasdaq 100 added 1.53% for a record close of 22,190.52.— CNBC’s Lisa Kailan Han and Brian Evans contributed to this report.Reserve Bank of Australia expected to cut cash rate in July, says CBAThe Reserve Bank of Australia is expected to cut its cash rate by 25 basis points to 3.6% in its July meeting, Commonwealth Bank of Australia wrote in a note after the release of Australia’s inflation data.The monthly consumer price inflation in May came in at 2.1%, below the 2.3% estimated by economists polled by Reuters.“A benign monthly CPI print in May and a steady labor market allow the RBA to move the cash rate back to neutral at a relatively swift pace,” CBA economists wrote, adding that they also expect a follow-up 25 basis points rate cut in August.“Today’s monthly CPI print capped off a flow of data that should provide comfort to the RBA that a swifter return of the cash rate to neutral is both manageable and needed,” the economists said.— Lee Ying ShanChina tech stocks rise as Beijing approves most new games this yearShares of gaming firms NetEase and Tencent rose Wednesday after China’s gaming regulator approved 158 publishing licenses in June, the largest number this year.The National Press and Public Administration said in a notice late Tuesday that it granted over a hundred new game licenses to the likes of Tencent, Baidu, NetEase and ByteDance, including a dozen imported games.NetEase’s shares listed in Hong Kong rose as much as 1.6%, extending gains of about 1% in its U.S.-listed shares. Moves in Tencent shares were relatively muted, rising as much as 0.6%. But its over-the-counter shares in the U.S. were up 1.97% overnight, according to LSEG data.Shares of the gaming developers had taken a beating when Beijing enacted an 18-month freeze on game license approval until early 2022.Since then, the number of licenses has been on a steady rise.The number of new game licenses rose to 1,416 in 2024, near the level seen in 2020, and is expected to match or exceed 2019’s level this year.— Anniek BaoAustralia’s inflation rate hits 6-month low as food inflation softensAustralia’s monthly inflation rate came in at 2.1% in May, hitting its lowest level since October 2024.This was lower than the 2.3% expected by economists polled by Reuters, and also down from the 2.4% in April.Data from the Australian Bureau of Statistics revealed that food and housing inflation also softened from the month before, while transport prices continued to decline.— Lim Hui JieOil prices climb over 1% after two sessions of declinesOil prices climbed over 1% in early Asia hours Wednesday after two sessions of declines stateside.U.S. West Texas Intermediate crude rose 1.34% to $65.23 per barrel, while global benchmark Brent was up 1.28% at $68 per barrel as of 9.18 a.m. Singapore time.This comes after oil prices tumbled for a second day Tuesday, as the market bet that a ceasefire between Israel and Iran would hold and the risk of a major crude supply disruption had faded.While there has been a brief recovery, the sharp decline in oil prices indicates the “continuing dominance of bears in the market,” said Alex Kuptsikevich, FxPro’s chief market analyst.—Lee Ying ShanChina doubles down on promoting yuan as confidence in U.S. dollar takes a beatingChina is devising more ways for foreign institutions to use the yuan, as international confidence in the U.S. dollar falters.The moves aim at challenging the greenback, experts said, even as the U.S. dollar remains by far the world’s predominant currency. The timing is favorable as the U.S. dollar index has tumbled more than 9% this year — while the offshore yuan has strengthened more than 2% against the dollar.“China appears to be accelerating its de-dollarization efforts, though progress remains uneven,” said Dan Wang, director of Eurasia Group’s China team.Overseas investors looking to diversify away from America and hedge against U.S. assets are also boosting the yuan, said Ning Sun, senior EM strategist at State Street Global.Read the full story here.—Lee Ying Shan, Evelyn ChengStocks close higher, oil tumbles for second straight dayStocks closed higher on Tuesday while oil slid, with investor appetite for risk growing on the heels of a ceasefire between Iran and Israel.The S&P 500 added 1.11% to finish the session at 6,092.18, while the Nasdaq Composite climbed 1.43% to 19,912.53. The Dow Jones Industrial Average advanced 507.24 points, or 1.19%, to close at 43,089.02.Oil tumbled 6%, extending a slide from Monday.— Brian EvansThe Federal Reserve will have enough weak economic data to cut interest rates by September, says Pantheon MacroeconomicsJoshua Roberts | ReutersThe Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation, in Washington, D.C., on Jan. 26, 2022.A weakening in the labor market could give the Federal Reserve ample ammunition to cut interest rates in the fall, according to Pantheon Macroeconomics senior U.S. economist Oliver Allen.“The FOMC’s hesitation to commit to a particular course on monetary policy is understandable given the big uncertainties that remain around tariffs and their economic impact,” Allen wrote on Tuesday. “But we think the evidence of a marked deterioration in the labor market will be stark enough by September to convince the Fed to resume easing policy, despite lingering worries about inflation.”— Brian EvansThere could be more declines ahead for oil, says Piper Sandler Oil prices could slide further if the current range of $64 per barrel to $65 is breached, according to Piper Sandler. “The overnight news of a ceasefire between Israel and Iran resulted in Oil retreating further to $64-$65, and testing new support at last week’s breakout point,” chief market technician Craig Johnson wrote wrote in a Tuesday note. “If it fails to hold here, then a further decline below $60 is likely.” — Brian Evans
Sandvik Mining has demonstrated its commitment to industry-leading cybersecurity by earning an internationally recognized certification for its product development processes. Independent auditors [...]The post Sandvik earns cybersecurity certification for secure product development appeared first on Canadian Mining Journal.
On Tuesday, Sen. Elizabeth Warren (D-Mass.) slammed Meta Platforms, Inc.'s (NASDAQ:META) alleged tax windfalls under President Donald Trump's new legislative package, saying the benefits far outweigh what ordinary Americans could ever contribute.What Happened: Warren criticized a provision in Trump's "Big Beautiful Bill" that she says offers Meta a massive tax break."If every one of the 340 million people in America paid a new $35 copay to visit the doctor, that still wouldn't be enough to cover how much Meta would get from just one tax break in Donald Trump’s ‘Big Beautiful Bill,'" she posted on X, formerly Twitter.The U.S. population is estimated at 342 million, according to the Census — a number that, as Warren pointed out, wouldn’t be enough to offset the tax break given ...Full story available on Benzinga.com
CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--Jun 24, 2025--
LOS ANGELES, June 24, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Strategy Incorporated f/k/a MicroStrategy Incorporated ("Strategy" or "the Company") (NASDAQ: MSTR) for violations of §§10(b)...
New Pipeline Graph unifies competitive insights with preclinical research on a single AI platform to accelerate drug target identification and increase commercial success
Bezos' Venice wedding party moved to isolated area on security concerns ReutersGreenpeace joins anti-Bezos protest with Venice banner complaining about billionaire tax breaks AP NewsVenice’s most guarded secret: Inside the Bezos-Sanchez wedding plans CNNJeff Bezos famously neglected to sign a prenup in his first marriage. He’s not making the same mistake twice Yahoo FinanceA Look at Jeff Bezos’ Expansive Wealth—From Amazon Shares to Real Estate to Jets WSJ
MOSES LAKE — Average gas prices rose across the nation and in Washington, according to AAA. Washington, an outlier in the nation, is the only state in which prices are higher now than a year ago.
WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House.
The Go Direct 2-Axis Force Plate and Go Direct Turbidity Sensor help STEM and CTE students easily collect and analyze data during a wide range of hands-on investigations BEAVERTON, Ore., June 24, 2025 /PRNewswire/ -- Vernier Science Education recently launched two new wireless sensors—the...
Rising Demand for Natural Ingredients, Growing Health & Wellness Trends, and Expanding Applications in Cosmetics and Pharmaceuticals Drive 8% CAGR Growth Across Global MarketsREDDING, Calif., June 24, 2025 /PRNewswire/ -- The mangiferin market is experiencing robust expansion, with market valuation projected to grow from USD 225 million in 2025 to an anticipated USD 384.5 million by 2032, growing at a CAGR of 8% during the 2025-2032 forecast period. This significant growth reflects the increasing consumer preference for natural, plant-based ingredients across pharmaceuticals, cosmetics, and functional food industries, according to the latest research report "Mangiferin Market Size, Share, Forecast, & Trends Analysis by Source (Mango, Other Ingredients), Form (Powder, Liquid), Purity (98%, 95%, 90%), and Application (Pharmaceuticals, Food & Beverages) - Global Forecast to 2032", published by Meticulous Research®.This market growth is driven by the growing application of mangiferin in the cosmetics industry, increasing health and wellness trends, rising demand for natural ingredients, and growing incorporation of mangiferin in functional foods and dietary supplements.Access your FREE sample report: https://www.meticulousresearch.com/download-sample-report/cp_id=6136Natural Beauty Revolution Drives Cosmetics Industry AdoptionThe cosmetics industry has emerged as a key growth driver for the mangiferin market, as consumers increasingly seek natural, plant-based ingredients in skincare and personal care products. Mangiferin, a polyphenol derived primarily from mango leaves and bark, is widely recognized for its potent antioxidant, anti-inflammatory, and skin-rejuvenating properties, making it a valuable addition to various cosmetic formulations.Powerful Antioxidant Properties Combat Skin AgingOne of the main reasons for the increasing demand for mangiferin in cosmetics is its powerful ability to combat oxidative stress. Environmental factors such as UV radiation, pollution, and free radicals contribute to premature skin aging, leading to wrinkles, fine lines, and loss of elasticity. Mangiferin acts as a natural antioxidant, neutralizing free radicals and reducing oxidative damage, which helps protect the skin from aging and external aggressors. This makes it a popular ingredient in anti-aging creams, serums, and lotions aimed at preserving youthful and healthy skin.Anti-Inflammatory Benefits Address Skin ConditionsAnother key factor driving its use in cosmetics is its anti-inflammatory properties. Chronic inflammation is a significant contributor to skin conditions such as acne, redness, and sensitivity. Mangiferin has been found to inhibit inflammatory pathways, making it an effective ingredient in formulations designed for sensitive or acne-prone skin. It helps reduce irritation, calm redness, and promote a more even skin tone, making it suitable for products targeting individuals with rosacea, eczema, or other inflammatory skin concerns.Full story available on Benzinga.com
Charleston-based Palmetto Brewing said its will cease operations this week, a few days before the lease on its Huger Street space expires.
Americans’ optimism about the economy faded as Iran tensions escalated CNNConsumer confidence sours in June, despite rollback of Trump's tariffs ABC News - Breaking News, Latest News and VideosAmericans’ take on the economy sours in June and, after a brief respite, continues to slide AP NewsUS consumer confidence deteriorates in June ReutersUS Consumer Confidence Drops on Broad Concerns About Economy Bloomberg.com
On Monday, Apple Inc. (NASDAQ:AAPL) rolled out iOS 26 Beta 2 with key changes to its new Liquid Glass user interface, following widespread criticism from early testers over poor readability.What Happened: With the release of Beta 2, Apple has addressed concerns by adjusting the background blur in Control Center, making buttons and sliders more legible, reported TechCrunch.Notifications—also flagged for being hard to read—now appear sharper, though they still present challenges on lighter backgrounds.See Also: Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: ‘Has Its Head In The Sand'Apple fixed the Control Center!iOS 26 Beta 1 vs iOS 26 Beta 2 pic.twitter.com/K2bYiOZaHt— Brandon Butch (@BrandonButch) June 23, 2025Full story available on Benzinga.com
Fred Smith, FedEx’s billionaire founder and CEO, dies at 80 The Washington PostEx-Washington NFL team part-owner Smith dies ESPNOpinion | Frederick W. Smith, 1944-2025 WSJRetired FedEx employee remembers Fred Smith WREG.comCalkins: Nobody can replace Fred Smith. (But he told us how to handle this, too.) Daily Memphian
Two Republican senators introduced principles for a bill meant to provide a legal framework for digital assets. Legislation would define when crypto will be overseen by the SEC, rather than the Commodity Futures Trading Commission. Movement on crypto bills remains uncertain as members of the House and Senate grapple with different versions.Two Republican senators are planning to debut a framework on Tuesday for a major bill that would set the rules of the road for digital assets.According to the framework, being introduced by Senate Banking Chairman Tim Scott of South Carolina and Sen. Cynthia Lummis of Wyoming, who heads the panel’s digital assets committee, the future bill will define when crypto is a commodity or a security, allow crypto exchanges to register with the Commodity Futures Trading Commission and reduce the SEC’s regulation of digital currencies.Also signing on are Sens. Thom Tillis, R-NC, and Bill Hagerty, R-Tenn.Those pushing the legislation say the proposed bill would also contain a “small, common-sense package of measures directed at preventing money laundering and sanctions evasion.”“These principles will serve as an important baseline for negotiations on this bill,” Scott told CNBC in a statement. “I’m hopeful my colleagues will put politics aside and provide long-overdue clarity for digital asset regulation.”Scott is looking to build off the bipartisan momentum around crypto on display last week, when a bill on stablecoins passed the Senate. Nearly all Republicans were joined by 18 Democrats in supporting the bill.Taking to the Senate floor after the vote, Lummis said the bill is “only the first step,” and she called on lawmakers to finish the more complex market structure bill this year.A House version of the market structure legislation was approved by two committees this month – the Financial Services Committee, which oversees the SEC, and Agriculture Committee, which oversees the CFTC.While President Donald Trump said on Truth Social that the House should move “LIGHTNING FAST” on the Senate’s stablecoin bill, House Financial Services Chairman French Hill, R-Ark., said at an event that he wants stablecoin and market structure bills to move together. He avoided answering questions about whether the House would take up the Senate’s differing stablecoin bill.The Senate Banking Committee’s subcommittee on digital assets will hold a hearing on the forthcoming bill at 3 p.m. ET.WATCH: Circle, Coinbase shares rise after Senate passes stablecoin legislation
Filed pursuant to Rule 433 Registration Statement No. 333-282373 June 23, 2025MEXICO CITY, June 23, 2025 (GLOBE NEWSWIRE) -- New Notes OfferingThe United Mexican States ("Mexico") announced today that it priced a global offering (the "New Notes Offering") of U.S.$3,949,715,000 aggregate principal amount of its 5.850% Global Notes due 2032 (the "2032 New Notes") and U.S.$2,850,768,000 aggregate principal amount of its 6.625% Global Notes due 2038 (the "2038 New Notes" and, together with the 2032 New Notes, the "New Notes").The aggregate principal amount of New Notes includes approximately U.S.$1,449,715,000 of 2032 New Notes and U.S.$850,768,000 of 2038 New Notes intended to fund the purchase of preferred tenders and non-preferred tenders, if accepted, in the concurrent tender offer described below, and the amount of New Notes issued may be adjusted based on final acceptances in the tender offer. The closing of the New Notes Offering is expected to occur on Wednesday, July 2, 2025.Barclays Capital Inc., BBVA Securities Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC served as Joint Lead Underwriters for the New Notes Offering.The New Notes Offering was made only by means of a preliminary prospectus supplement and an accompanying base prospectus. Copies of the preliminary prospectus supplement, the final prospectus supplement (when filed) and the related base prospectus for the New Notes Offering may be obtained from: Barclays Capital Inc., by calling +1 (212) 528-7581, BBVA Securities Inc., by calling +1 (212) 728-2446, Goldman Sachs & Co. LLC, by calling +1 (212) 357-1452, Mizuho Securities USA LLC, by calling +1 (212) 205-7741 or Morgan Stanley & Co., by calling +1 (212) 761-1057.Application will be made for the New Notes to be admitted to listing on the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange.Tender OfferMexico's previously announced tender offer (the "Tender Offer") to purchase its outstanding notes of the series set forth in the tables below (collectively, the "Old Notes" and each, a "series" of Old Notes) on the terms and subject to the conditions contained in the Offer to Purchase, dated Monday, June 23, 2025 (the "Offer to Purchase"), expired as scheduled for Non-Preferred Tenders at 12:00 noon, New York City time, today and for Preferred Tenders, at 2:00 p.m., New York City time, today. All capitalized terms used but not defined under the heading "Tender Offer" in this communication have the respective meanings specified in the Offer to Purchase.The purchase prices to be paid for each series of the Old Notes validly tendered and accepted pursuant to the Tender Offer were calculated in accordance with the procedures set forth in the Offer to Purchase and Mexico's press release issued today, based on (i) the U.S. Treasury Rate for such series, which is a yield to maturity (or par call date) based on the bid-side price of the Reference U.S. Treasury Security identified for such series in the tables below and (ii) the fixed spread for such series set forth in the tables below.Table 1: Tranche A Old NotesOld NotesOutstanding Principal Amount as of Friday, June 20, 2025 ISIN CUSIPReference U.S. Treasury SecurityU.S. Treasury RateFixed Spread (basis points)Purchase Price(1)4.150% Global Notes due 2027U.S.$2,374,850,000.00US91087BAC4691087B AC43.875% due 5/31/20273.863%+47U.S.$996.883.750% Global Notes due 2028U.S.$1,878,402,000.00US91087BAE0291087B AE03.875% due 6/15/20283.810%+59U.S.$984.505.400% Global Notes due 2028U.S.$1,250,000,000.00US91087BAU4491087B AU43.875% due 6/15/20283.810%+61U.S.$1,023.284.500% Global Notes due 2029U.S.$3,085,643,000.00US91087BAF7691087B AF74.000% due 5/31/20303.910%+93U.S.$988.205.000% Global Notes due 2029U.S.$1,000,000,000.00US91087BAY6591087B AY64.000% due 5/31/20303.910%+91U.S.$1,006.13(1)Per $1,000 principal amount of Tranche A Old Notes validly tendered and accepted for purchase. Holders will also receive Accrued Interest on Old Notes validly tendered and accepted for purchase. Table 2: Tranche B Old NotesOld NotesFull story available on Benzinga.com
Cielo Provides Update on Settlement Agreement, Shareholder Meeting and Webinar, and Units for Debt Transactions
Stocks rally and oil tumbles as Wall Street hopes for a limited retaliation after US strikes on Iran
The Trump Doctrine (AKA The Businessman's Way Of War) Authored by 'Cynical Publius' via American Greatness,As the dust and smoke settle over Iran’s devastated nuclear weapons program, President Donald Trump’s method of waging war is coming into focus. We had hints of what I call the “Trump Doctrine” in his first term as he annihilated ISIS in Syria, but the two-decade war in Afghanistan that he had inherited initially obscured what has now become a coherent doctrine. In his second term, the freedom of navigation attacks against Yemen’s Houthis were once again a hint of Trump’s way of war, but Saturday’s attack on Iran—and the events leading up to it—tell us much about the deliberate and precise manner in which Trump seeks to conduct American wars. Similar to (but different from) the famous “Powell Doctrine” promulgated by former Secretary of State Colin Powell (more on that later), the Trump Doctrine is the doctrine of a businessman serving his stockholders. Explained another way, the Trump Doctrine is the “Businessman’s Way of War.”To preview succinctly, the Trump Doctrine consists of a series of business-like, iterative steps for all uses of American military force, and it performs as follows:Identify America’s national interest.Bargain with the prospective enemy.If/when negotiations fail, conceal & misdirect.Strike with precision and overwhelming force.Achieve submission.Bargain again (from a position of complete strength) with the defeated enemy.I’ll now examine each of these escalating steps in detail.“IDENTIFY AMERICA’S NATIONAL INTEREST.”This first point is key in understanding the Trump Doctrine and how it differs from the Powell Doctrine. Both the Trump Doctrine and the Powell Doctrine focus on war as only being necessary when a vital American national interest is at stake, but the definition of that “interest” differs rather dramatically between the two doctrines. Whereas the Powell Doctrine allows for amorphous goals such as exporting democracy, the Trump Doctrine takes a fundamentally different approach—a businessman’s approach.You see, Donald Trump, a man whose entire life until 2016 was focused on winning in business, does not view himself as President of a nation so much as he views himself as Chief Executive Officer and Chairman of the Board of a very large business, and that business is the United States of America. As CEO and Chairman, he knows he has a fiduciary duty to his stockholders. (You, me, and every other American are his stockholders.) The company Trump leads is not a non-profit—his company has no purpose other than to profit the stockholders. Regime change, spreading democracy, and trying to implement American concepts of liberty are the altruistic purposes of a tax-free, non-profit entity. But Trump sees America as a for-profit, and no actions will be taken for any reason other than to profit the American stockholders, and ending the nuclear capability of an Iranian regime of medieval theocrats greatly serves that purpose.“BARGAIN WITH THE PROSPECTIVE ENEMY.”Donald Trump will never expend American blood and treasure when a deal can be made first. Unlike so many of his predecessors, he does not care much about the moral fiber of America’s prospective enemies; he only cares about benefiting his American stockholders. Thus, when he offered the crazed theocrats ruling Iran a chance to bargain, he meant it. Trump does not care how much the mullahs punish their own citizens; he only cares about his fiduciary duties to his stockholders. Had the mullahs decided to bring their nation to the nuclear negotiating table in good faith, no B-2 bombers would have flown over Iraq this past weekend.“IF/WHEN NEGOTIATIONS FAIL, CONCEAL & MISDIRECT.”Trump gave the mullahs a chance to bargain. They declined. Think about this in the same way as when a large, profitable public company seeks to buy a weaker, distressed private company by way of merger. The first step is to offer a deal that benefits both parties. That’s what good businessmen do. But when the weaker company refuses to strike a deal that is in its best interest, the CEO of the stronger company starts to plan a hostile takeover while hiding his intent, and that’s just what Trump did with Iran.When Google wants to buy a hot, new artificial intelligence start-up, it does not tip its intent off to Apple, and in fact will publicly pretend it has no interest at all in buying the distressed target company.Trump employed a similar strategy as he engaged in what is now obviously a deception plan, where Trump and Netanyahu publicly pretended they were at odds. Even at the last minute—while Pentagon OPSEC was airtight—the public message was that Air Force B-2s were headed to Guam, but that was only a deception plan to obscure their actual flight plan from Missouri. Business is often like war, except without actual bloodshed. CEO Trump knows this, and made the same deception play in Iran as he would in forcing the sale of a distressed casino to one of his real estate ventures.“STRIKE WITH PRECISION AND OVERWHELMING FORCE.”Like the Powell Doctrine, the Trump Doctrine calls for the total commitment of America’s most lethal capabilities in an overwhelming manner. Like the large public company bringing all of its financial assets and influence to bear against a distressed merger target running from an undesired acquisition, Trump employed never-before-used Massive Ordnance Penetrators, delivered by our untrackable B-2 bombers, with an aerial corridor opened by Navy and Air Force stealth aircraft, while sub-launched Tomahawk cruise missiles took out targets that did not need the deep underground attack of the MOPs. Overwhelming military force is the way to defeat America’s enemies, just as overwhelming financial capabilities and business strategies ensure a powerful company controls the market against its competitors.“ACHIEVE SUBMISSION.”This is where the Trump Doctrine deviates most significantly from the Powell Doctrine. The lynchpin of the Powell Doctrine is achieving an “exit strategy.” An “exit strategy” is amorphous, and the enemy gets a vote. What was our exit strategy in Afghanistan? Tribal leaders who finally decided a democracy and personal liberty were the way to govern Afghanistan? Was the exit strategy in Iraq a sort of multi-ethnic republic with a constitution like our own? These goals were wishful thinking and led to 20+ years of useless, endless wars. President Trump sees “exit strategies” differently—he sees them as complete and total submission of the enemy.To borrow a term from popular culture, Trump demands our foes “bend the knee,” and he will settle for nothing less.Like the businessman he is, Trump expects his competitors to submit to his company’s will or cease to exist. As Trump said in his speech last Saturday night, “There will be either peace, or there will be tragedy for Iran, far greater than we have witnessed over the last eight days.This is not an “exit strategy.” This is a demand for complete and total submission. Importantly, Trump planned our attacks on Iran’s nuclear capabilities realizing that total submission was possible, and he would never have launched the attacks if total submission was not on the menu. That is a sea change from our recent history of complex geopolitical “exit strategies.” Trump’s exit strategy is simply complete and total submission, and nothing less. His stockholders deserve as much.“BARGAIN AGAIN (FROM A POSITION OF COMPLETE STRENGTH) WITH THE DEFEATED ENEMY.”This is another area that is separate and distinct from the Powell Doctrine, and from all American wars since the Spanish-American War in 1898. Like the businessman he is, Trump sees war as a means to force our enemies to the negotiating table to give us what we want. Democracy? LGBTQ+ rights? Capitalism? Trump does not care. He only cares about what tangibly benefits his stockholders. When Trump says, “But if peace does not come quickly, we will go after those other targets with precision, speed, and skill,” he implies that negotiations can create peace. The B-2 strikes also serve to bring the mullahs to the negotiating table. If they acquiesce, they survive. If they do not, they die.Additionally, Trump sees the deployment of U.S. forces as creating second- and third-order effects. Did China get the message? Will Russia stop giving arms to Iran if we agree to stop arming Ukraine? Every action Trump takes has deep meaning, and often outside the obvious scope of military objectives. This, too, is a businessman’s approach to war, and differs greatly from the standards of other recent presidents. If an action can influence your company’s competitors to act in your best interest, that is an action that must be taken.At some point, every American enemy will realize that you must give Donald Trump what he wants, or he will destroy you. Military force as a negotiating tool is a new concept in American warfare, and I like it.The Trump Doctrine provides for six steps to a new way of war. The Spanish-American War was the last war America ever fought for any reason other than to benefit the stockholders. Woodrow Wilson brought America into World War I to make the world “Safe for Democracy,” and for over a century, that has been America’s guiding wartime light. Yes, that was necessary and proper in World War II, but as a veteran of Afghanistan and Iraq, I know that most of the world today does not want democracy, and wasting American lives to achieve such an objective is futile. I vastly prefer a war that benefits America’s stockholders, and hopefully, all future presidents will know that the Trump Doctrine is the best method of serving America’s national interests.Thank you, President Trump, for realigning America’s military mission into something that best serves the American people.Cynical Publius is the nom de plume of a retired U.S. Army colonel and veteran of Iraq and Afghanistan, who is now a practicing mergers and acquisitions corporate law attorney. He believes the confluence of his experiences fighting wars and fighting business acquisitions has shown him Donald Trump’s way of war. You can follow Cynical Publius on X at @CynicalPublius.* * *Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge. Tyler DurdenMon, 06/23/2025 - 22:35
This is CNBC’S live blog about the conflict in the Middle East.U.S. President Donald Trump on Tuesday said that a ceasefire was now in effect, soon after Iranian state-linked media announced Tehran had fired its “last round” of missiles at Israel.“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!” Trump said in a post on Truth Social around 1:00 a.m. stateside.Iran had launched a fresh barrage of missiles at Israel as the ceasefire deadline announced by Trump neared.A spate of questions linger over the viability of a ceasefire, Iran and Israel’s participation, the potential resumption of nuclear talks between the West and Tehran, and the ultimate fate of Iran’s supplies of enriched uranium.The ceasefire announcement takes place after an apparent intensification of hostilities, with Iran on Monday carrying out retaliatory missile strikes at the U.S. Al Udeid Air Base in Qatar. Trump thanked Tehran for notice of the offensive.U.S. stock market indexes closed higher Monday on optimism that Iran’s retaliation for U.S. bombings of its nuclear facilities would be limited to the missile attack. Oil prices fell amid dwindling concerns that Iran could proceed with closing the Strait of Hormuz, a key oil transport route.CNBC reporters are covering the Middle East conflict on air and online, reporting from Washington, D.C., London, Dubai, San Francisco and Englewood Cliffs, N.J, and Singapore.Ceasefire has begun, Iran’s Press TV saysThe Iran-Israel ceasefire has come into effect, Iranian state media outlet Press TV said on social media, following a spate of Iranian strikes that have stoked confusion over Tehran’s willingness to participate in the agreement. “Ceasefire begins following four waves of Iranian attacks on Israeli-occupied territoreis,” the media channel said in an X update. As of five hours ago — in comments preceding U.S. President Donald Trump’s announcement that the detente had taken effect — Iranian Foreign Minister Seyed Abbas Araghchi had refuted the existence of a formal arrangement, while allowing for the easing of hostilities. “As of now, there is NO “agreement” on any ceasefire or cessation of military operation,” he said at the time. “However, provided that the Israeli regime stops its illegal aggression against the Iranian people no later than 4 am Tehran time, we have no intention to continue our response afterwards.”— Ruxandra IordacheIsrael confirms agreement to ceasefireIsrael has accepted a ceasefire with long-time rival Iran in U.S.-brokered diplomacy, the office of Israeli Prime Minister Benjamin Netanyahu confirmed on Tuesday. “In light of achieving the objectives of the operation, and in full coordination with President Trump, Israel has agreed to the president’s proposal for a bilateral ceasefire,” Netanyahu’s office said, in a statement procured by NBC News. “Israel will respond forcefully to any violation of the ceasefire. Israeli citizens must continue to strictly adhere to the Home Front Command’s instructions until full compliance with the ceasefire is confirmed.” Questions had lingered whether the Jewish state and Tehran would implement the truce, announced earlier by close U.S. ally Washington. — Ruxandra IordacheTrump says ceasefire ‘is in effect,’ urging not to violate itU.S. President Donald Trump said in a social media post Tuesday that the ceasefire was “in effect,” urging that it should not be violated.“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES!,” he posted on Truth Social at 1:08 a.m. Eastern Time.Trump had earlier said that the the ceasefire would begin at 12:00 a.m. Eastern Time for Iran, while the ceasefire for Israel would apply 12 hours later.Tehran fired multiple waves of missiles at Israel in the final hours before the ceasefire deadline for Iran announced by Trump took effect.— Victor LohFinal salvo of missiles fired at Israel before ceasefire starts: Iranian state mediaAnadolu | Anadolu | Getty ImagesTraces of missiles are seen as Iran launches missile strike on Israel seen from Hebron, West Bank on June 24, 2025.A final round of missiles were fired at Israel before the 12 a.m. ET ceasefire with Israel came into effect, Iranian state-aligned media announced Tuesday. CNBC was unable to independently verify the claim.“From 7:30 AM Tehran time; Based on the agreement reached, a ceasefire between Iran and the Zionist regime came into effect,” Iran’s SNN TV reported, according to a translation by NBC News.“The last round of Iranian missile attacks was fired into the heart of the occupied territories minutes before the ceasefire began.”— Victor LohThree killed after Iranian missile attacks on IsraelJack Guez | Afp | Getty ImagesRocket trails are seen in the sky above the Israeli coastal city of Netanya amid a fresh barrage of Iranian missile attacks on June 24, 2025.Iranian state-aligned media announced a ceasefire with Israel was “imposed” early Tuesday local time, but there was still no confirmation from the Israelis if they had accepted a truce.The announcement on Iran’s SNN TV came as the Israeli military reported waves of missile attacks by Iran, which led to three fatalities.“The proud nation of Iran has imposed a ceasefire on the Zionist enemy through a successful missile operation by the IRGC [Islamic Revolutionary Guard Corps] carried out in response to U.S. aggression,” Iranian state media reported, according to a translation by NBC.“This came alongside the remarkable unity and resistance of our people in defense of our homeland.”— Victor LohNo agreement on ceasefire: Iran’s foreign ministerAnadolu | Anadolu | Getty ImagesIranian Foreign Minister Abbas Araghchi delivers a speech during a press conference as he attends the 51st Meeting of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) at Lutfi Kirdar International Convention and Exhibition Center in Istanbul, Turkey, on June 22, 2025.Iran’s Foreign Minister Seyed Abbas Araghchi said Tuesday morning local time that “there is NO ‘agreement’ on any ceasefire or cessation of military operations.”“However, provided that the Israeli regime stops its illegal aggression against the Iranian people no later than 4 am Tehran time [8.30 p.m. EST], we have no intention to continue our response afterwards,” he said in a post on X.The final decision on the cessation of Iran’s military operations will be made later, he added.Araghchi’s statement comes after U.S. President Donald Trump announced a ceasefire timeline, which he says will end the war between Israel and Iran.— Nur Hikmah Md AliTrump says he expects ceasefire to last ‘forever’: NBC NewsU.S. President Donald Trump said that he thinks the ceasefire would last forever, he told NBC News in an exclusive phone interview Monday night.“I think the ceasefire is unlimited. It’s going to go forever,” he said.He described the Israel-Iran ceasefire as “a wonderful day for the world, in my opinion.”“It’s a great day for America. It’s a great day for the Middle East. I’m very happy to have been able to get the job done,” he said.“A lot of people were dying, and it was only going to get worse. It would have brought the whole Middle East down.”Trump added that the war is completely over and he does not believe Israel and Iran “will ever be shooting at each other again.”— Victor LohIsrael-Iran ceasefire brokered by Trump, Vance and Qatari leadershipWin Mcnamee | Getty Images News | Getty ImagesU.S. President Donald J. Trump speaks with Emir of Qatar Tamim bin Hamad al Thani as he departs the Al Udeid Air Base for Abu Dhabi on May 15, 2025, in Doha, Qatar.The Israel-Iran ceasefire was brokered by President Trump and Qatar’s Emir, Sheikh Tamim bin Hamad Al Thani, a diplomat briefed on the talks told NBC’s Keir Simmons.Trump told Qatar’s Emir that the U.S. had persuaded Israel to agree to a ceasefire with Iran and asked Qatar to help persuade Tehran to do the same, the diplomat said.The diplomat added that U.S. Vice President JD Vance coordinated with Qatar Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani on the details, and the Iranians agreed.Neither Iran nor Israel has confirmed to NBC News that they have agreed to the ceasefire.— Victor LohIDF issues evacuation warning for parts of TehranElyas | Middle East Images | Afp | Getty ImagesSmoke rises over Tehran, Iran, following Israeli airstrikes targeting Revolutionary Guards sites and the Evin prison on June 23, 2025. The Israel Defense Forces issued an evacuation warning to Iranians in two swaths of Tehran ahead of planned attacks against military infrastructure targets there in the coming hours.“Your presence in these areas puts your life at risk,” the IDF said in an X post from its Farsi-language account, according to a Google translation.The warning came less than an hour after Trump announced a ceasefire plan that he says will end the war between Israel and Iran.The timeline laid out by Trump would have Iran commit to a ceasefire around midnight Tuesday ET, while Israel would begin its own ceasefire 12 hours later.It was not immediately clear if either Israel or Iran had signed off on that agreement. — Kevin BreuningerTrump announces an Israel-Iran ceasefire timeline that he says will end the warTrump announced on his social media platform that Israel and Iran have agreed to a “Complete and Total CEASEFIRE” that will begin around midnight Tuesday.Representatives for Israel and Iran did not immediately appear to confirm the agreement.Read Trump’s full Truth Social post:CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the War will be considered, ENDED! Officially, Iran will start the CEASEFIRE and, upon the 12th Hour, Israel will start the CEASEFIRE and, upon the 24th Hour, an Official END to THE 12 DAY WAR will be saluted by the World. During each CEASEFIRE, the other side will remain PEACEFUL and RESPECTFUL. On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, “THE 12 DAY WAR.” This is a War that could have gone on for years, and destroyed the entire Middle East, but it didn’t, and never will! God bless Israel, God bless Iran, God bless the Middle East, God bless the United States of America, and GOD BLESS THE WORLD!— Kevin BreuningerQatar reopens airspaceXavi Lopez | SOPA Images | Lightrocket | Getty ImagesA daytime view of a Qatar Airways commercial plane the state-owned flag carrier of Qatar, parked on the runway at Hamad International Airport. Qatar has reopened its airspace after temporarily closing it following the attack.The country’s airspace has now returned to normal operations, the Civil Aviation Authority wrote on X.A host of international airlines paused or extended suspensions of flights to Doha, Dubai and other major hubs after Iran said it launched an attack on a U.S. military base in Qatar.— Erin Doherty and Leslie JosephsCompanies need to be on high alert from Iran cyber attacks: TrustedSec CEO David KennedyTrustedSec CEO David Kennedy said on CNBC’s “The Exchange” that private companies need to be on alert for any cybersecurity threats they could face from Iran.“Iran has been building up their cyber capabilities for a number of years, and they are on par with other nation states,” Kennedy said. “They very much leverage their cyber capabilities very similarly to what we do here in the United States, with Cyber Command, a direct extension of military force. And so DHS recently released an advisory along with CISA, the Cybersecurity and Infrastructure Security Agency, around private sector corporations and government entities to be on high alert right now for these cyber attacks.”Kennedy said that Iran could inflict “some pretty substantial damage to the United States, specifically in manufacturing, supply chain, retail, critical infrastructure, things that can disrupt our normal day life that cause pain here in the U.S., and really not be seen as crossing that red line of loss of life or direct military force.”— Riya BhattacharjeeKhamenei: Iran ‘isn’t a nation that surrenders’Iran’s leader, Ayatollah Ali Khamenei, issued a defiant-sounding statement shortly after Trump celebrated the bloodless outcome of Tehran’s retaliatory strike on a U.S. military base in Qatar.“Those who know the Iranian people and their history know that the Iranian nation isn’t a nation that surrenders,” Khamenei wrote on X.The post conveyed a marked contrast in tone from Trump’s latest social media message, an all-caps declaration suggesting that the latest developments in the Middle East have established world peace. — Kevin BreuningerU.S. Embassy in Sweden warns Iran may be ‘pressuring’ local gangs ‘to carry out attacks’Courtesy: U.S. Embassy in SwedenU.S. Embassy in Stockholm Sweden.The U.S. Embassy in Sweden is warning Americans to “exercise increased caution,” because Iran “may be pressuring local criminal gangs, including the Foxtrot Network, to carry out attacks in Sweden against U.S. and Israeli interests.”The embassy encourages Americans living in Sweden to “maintain awareness of their surroundings, particularly near the U.S. Embassy,” per an advisory.The Foxtrot Network is a gang in Sweden and “prominent drug trafficking organization,” according to the State Department, which sanctioned the group in March.The State Department said at the time that Iran had “leveraged the Foxtrot Network to carry out attacks on Israeli and Jewish targets in Europe, including the Israeli Embassy in Stockholm, Sweden, in January 2024.”— Erin DohertyMarkets rally, oil falls after attackBrendan McDermid | ReutersTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 23, 2025. Stocks rose and oil prices fell after Iran’s attack appeared more limited than initially expected, easing investors’ concerns.The Dow Jones Industrial Average added 374.96 points, or 0.89%, closing at 42,581.78.The S&P 500 gained 0.96% and closed at 6,025.17. The Nasdaq Composite climbed 0.94% to 19,630.97.U.S. crude oil futures fell more than 7% to end at $68.51 per barrel.“Markets only care about oil supply shocks, so as long as they stay at bay, we’ll see markets sharply higher,” said Jamie Cox, managing director at Harris Financial Group.— Brian Evans, Lisa Kailai Han, Erin DohertyTrump says it’s ‘time for peace!’ following attackTrump congratulated the world and said “it’s time for peace!,” in an all-caps Truth Social post following Iran’s missile strike. In a separate Truth Social post minutes prior, Trump thanked the “highly respected emir of Qatar for all that he has done in seeking peace for the region.”Trump also celebrated that the Iranian strikes resulted in no American or Qatari casualties.— Erin DohertyIran leader Khamenei: ‘We will not submit to anyone’s harassment’Anadolu | Getty ImagesIranian Supreme Leader Ali Khamenei addresses the nation on Iranian state television broadcast in Tehran, Iran on June 18, 2025. In a televised address, Khamenei commented on the recent tensions and threats. Iranian leader Ayatollah Ali Khamenei says that his country “will not submit to anyone’s harassment” after Iran launched retaliatory missiles at U.S. bases in the Middle East.“We didn’t harm anyone,” Khamenei said on X, according to a Google translation.“And we will not accept any harassment from anyone under any circumstances. And we will not submit to anyone’s harassment,” he wrote.“This is the logic of the Iranian nation.”— Kevin BreuningerHere’s how many U.S. troops are stationed at key bases in the Middle East Omar Zaghloul | Anadolu | Getty ImagesAn infographic titled “US military presence in the Middle East” created in Ankara, Turkiye on June 23, 2025. The US has approximately 45,000 military personnel, numerous bases, and powerful air and naval fleets that it can deploy across the Middle East.There are approximately 45,000 American service members stationed in the Middle East, according to a recent Reuters analysis.This number is in constant flux, however, and it reflects estimates of personnel at several bases where troop numbers are not publicly acknowledged, due to national security concerns.The United States’ Al Udeid Airbase in Qatar is the biggest American base in the region, with around 10,000 servicemembers stationed there.Iraq hosts the Al Asad air base, where another 2,500 Americans are posted.In Bahrain, home to the U.S. Navy’s 5th Fleet, around 9,000 seamen are stationed at any given time.South of Abu Dhabi in the United Arab Emirates is the Al Dhafra Airbase, which is shared between the United States and the UAE Air Force.Saudi Arabia hosts both American soldiers and large-scale U.S. missile batteries at Prince Sultan Air Base, south of the capital Riyadh. U.S. soldiers in Saudi Arabia numbered 2,321 in 2024, according to a letter released by the White House.The Muwaffaq al Salti Air Base in Jordan hosts the U.S. Air Force Central’s 332nd Air Expeditionary Wing, according to a 2024 congressional report cited by Reuters. — Christina WilkieTrump thanks Iran for giving U.S. ‘early notice’ of Qatar missile attack — but calls it ‘weak’Trump said Iran gave the U.S. “early notice” of its missile attack on an American military base in Qatar, “which made it possible for no lives to be lost, and nobody to be injured.”Trump thanked Iran for that heads up, but nevertheless called the retaliatory strike a “very weak response” that was “very effectively countered” by the U.S.“Most importantly, they’ve gotten it all out of their “system,” and there will, hopefully, be no further HATE,” Trump wrote on Truth Social.Iran has officially responded to our Obliteration of their Nuclear Facilities with a very weak response, which we expected, and have very effectively countered. There have been 14 missiles fired — 13 were knocked down, and 1 was “set free,” because it was headed in a nonthreatening direction. I am pleased to report that NO Americans were harmed, and hardly any damage was done. Most importantly, they’ve gotten it all out of their “system,” and there will, hopefully, be no further HATE. I want to thank Iran for giving us early notice, which made it possible for no lives to be lost, and nobody to be injured. Perhaps Iran can now proceed to Peace and Harmony in the Region, and I will enthusiastically encourage Israel to do the same. Thank you for your attention to this matter!DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA— Kevin BreuningerDubai resumes ‘full operations’ at airportsDubai airports have resumed “full operations” following a brief pause following the attack, per a statement.“While Dubai Airports works with airlines to ensure flights operate according to approved schedules, some flights may experience delays or cancellations,” the statement from the Dubai Media Office said.— Erin DohertyJohnson: ‘This is the retaliation that was expected’Nathan Howard | ReutersU.S. House Speaker Mike Johnson (R-LA) speaks to a reporter, as he leaves for a meeting at the White House on the budget, on the day of the House Rules Committee’s hearing on U.S. President Donald Trump’s plan for extensive tax cuts, on Capitol Hill, in Washington, D.C., U.S., May 21, 2025. Republican House Speaker Mike Johnson said that “this is the retaliation that was expected,” after Iran said it launched missile strikes on U.S. military bases in Qatar and Iraq.“So far, so good, no casualties, so far as we know,” he told reporters.He also said that it is not an “appropriate time” for a war powers resolution, and he doesn’t think it’s “necessary.”“Listen, for 80 years, presidents of both parties have acted with the same commander in chief authority under Article II,” Johnson said, referring to the article that designates the president as “commander in chief” of the military.Johnson said that he received a classified briefing Monday morning on the conflict with Iran.“I know that the national security team is in the Situation Room, even as we speak, and they’re monitoring this,” he said.— Erin DohertyPhoto shows remnant of an Iranian missile intercepted by QatarAFPTV | AFP | Getty ImagesThis frame grab taken from AFPTV footage shows the remnants of an Iranian missile intercepted over Qatar, as it lies on a pavement near a fence on June 23, 2025.A frame grab taken from AFP’s live TV coverage shows the remnants of an Iranian missile intercepted by Qatar lying on pavement following the Monday retaliation.Qatar said there were no casualties from the attack on the U.S. base.– Laya NeelakandanU.S. oil prices fall sharply as investors hope for de-escalationBrandon Bell | Getty Images News | Getty ImagesIn an aerial view, oil storage containers are seen in the LyondellBasell Houston refinery on June 18, 2025 in Houston, Texas. U.S. crude oil futures sold off steeply, on hopes the Middle East conflict will de-escalate after Iran’s retaliatory strike on a U.S. base left no reported casualties.U.S. West Texas Intermediate fell $5.33, or 7.22%, to close at $68.51 per barrel, while global benchmark Brent shed $5.53, or 7.18%, to settle at $71.48 per barrel.The oil market appears to have avoided its worst-case scenario, for now, in which Iran attempts to close the Strait of Hormuz. Some 20 million barrels per day of crude, or 20% of global consumption, flowed through the strait in 2024, according to the Energy Information Administration.U.S. crude has given up most of its gains since Israel started bombing Iran on June 13. Brent is up more than 2% since the conflict began.— Spencer KimballUnited Arab Emirates condemns attack in ‘strongest terms’The United Arab Emirates “has condemned in the strongest terms,” the attack on the Al Udeid Air Base, per a statement from the Ministry of Foreign Affairs. “The UAE underscored its categorical rejection of any attack that threatens the security and safety of the State of Qatar, stressing that such actions undermine regional security and stability,” the statement said. The UAE also fully supports any measures by Qatar “aimed at safeguarding the security and safety of its citizens and residents.”“The UAE reaffirmed the urgent need to halt military escalation, and warned against continued acts of provocation that threaten to destabilize regional security and risk dragging the region into dangerous paths with catastrophic repercussions for international peace and security,” the statement said. — Erin Doherty Saudi Arabia ‘affirms its full solidarity with and unwavering support’ for QatarSaudi Arabia condemned and denounced the attack “in the strongest terms possible,” according to a statement from the Ministry of Foreign Affairs.The attacks constitute “a flagrant violation of international law and the principles of good neighborliness, and an entirely unacceptable act that cannot be justified under any circumstances,” per the statement.“The Kingdom affirms its full solidarity with and unwavering support for the State of Qatar and places all its capabilities at Qatar’s disposal in support of any measures it may take,” the statement continues.— Erin Doherty‘It is scary’: Qatar witness describes missile attackAbdullah Almulla, who was in Doha during the attack, described hearing “bangs in the sky,” while he was on his way home from work, during an interview on CNBC’s ‘The Exchange.’He said that he did not have any indication that any of the strikes impacted any residential or urban areas in Doha.“It is scary, it’s not something I ever heard in my life or ever experienced, so ... it’s a bit worrisome, I’m worried for my friends and family and I just want them to be safe,” said Almulla, who is from Qatar and works with Qatar News Agency. He said that his friends and family appear to be safe from the attack.— Erin DohertyIran gave Qatar a heads up, The New York Times reportsIran gave Qatar advanced notice that it was launching an attack on the U.S. base near Doha, three Iranian officials familiar with the plans told The New York Times.Iran’s retaliatory strike was meant to be symbolic, while leaving an exit ramp open for all sides, the Times reported.In its statement confirming the attack on the Al Udeid Air Base, Iran’s national security council said its action “posed no threat whatsoever to our friendly and brotherly nation, Qatar, or its honorable people.”Qatar has condemned the strike.— Kevin BreuningerTrump says U.S. ‘totally destroyed’ sites in weekend attackSource: The White HousePresident Donald Trump in the situation room on June 21st, 2025. Amid escalating nuclear tensions between the U.S. and Iran, President Donald Trump posted on Truth Social praising the U.S.’s Saturday attacks on nuclear sites in the Middle Eastern country.“The sites that we hit in Iran were totally destroyed, and everyone knows it,” he wrote.Trump blamed “the Fake News” for allegedly trying to “demean” the impact of the sites that were hit, calling out “NBC Fake News” by name.“It never ends with the sleazebags in the Media, and that’s why their Ratings are at an ALL TIME LOW — ZERO CREDIBILITY!” he added.– Laya NeelakandanWatch: Iran targeted Al-Udeid base with attackIran claims that the number of missiles used in the operation was the same as the number of bombs the United States used in its strike on Iran over the weekend, CNBC’s Megan Cassella reports, based on a statement from Iran’s Supreme National Security Council.The base was located away from urban infrastructure and residential areas in Qatar, the statement said. — Megan Cassella Kuwait, Egypt suspend air travel in Persian GulfSource: FlightRadar24Kuwait airspace at 18:18 UTC on June 23rd, 2025.Kuwait Airways is suspending all departing flights from the country due to regional tensions until further notice, the airline posted on X.The suspension will remain in effect “until further notice.”EgyptAir announced in a social media post that all Egypt flights to and from cities in the Persian Gulf have also been canceled “until the situation stabilizes in the region.”The flight suspensions follow Qatar closing its airspace to commercial flights just before Iran launched missiles attacking the U.S. base in Qatar. Bahrain also temporarily suspended air traffic, according to NBC News.– Laya NeelakandanU.S. intel found Iran did not move nuclear material from Fordo before U.S. strike: Sen. MullinIran did not move nuclear material out of its Fordo facility before the U.S. strike on Saturday, Sen. Markwayne Mullin told CNBC’s “Squawk Box” Monday morning, citing U.S. intelligence.A New York Times report published Sunday cited two unnamed Israeli officials who said Iran appeared to have moved nuclear material and equipment from Fordo before the U.S. bombed three Iranian nuclear sites.“Our intelligence report says they didn’t,” the Republican senator said.“In fact, we actually believe they stored more of it in Fordo because they believe Fordo was impenetrable,” Mullin said. “They thought it was a safe place to be.”Read Dan Mangan’s full report on Mullins’ interview here.– Josephine RozzelleAirlines divert, cancel more Middle East flights as conflict intensifiesCourtesy: Flightradar24Flight patterns over United Arad Emirates.Airlines diverted more flights in the Middle East as Qatar’s airspace closed and areas above other Persian Gulf nations were reportedly also off limits after Iran said it attacked a U.S. military base in Qatar.At least six commercial aircraft turned around near the United Arab Emirates’ airspace, according to flight-tracking platform Flightradar24, which also reported that the UAE airspace was closed.Several major international airlines have also scaled back service to major hubs like Doha, Qatar, and Dubai in the United Arab Emirates, or have offered travelers vouchers to travel at a later date because of the conflict.Read the full story here.— Leslie JosephsWatch: No deaths or injuries reported in missile attackNo deaths or injuries have been reported in the missile attack on Al-Udeid military base, CNBC’s Megan Cassella reports, citing a statement from Qatar’s ministry of defense.— Megan CassellaQatar ‘strongly condemns’ attack and says air defenses ‘intercepted the Iranian missiles’Qatar “strongly condemns” the attack at the Al-Udeid air base and considers it “a flagrant violation of the sovereignty of the State of Qatar, its airspace, international law and the United Nations Charter,” Majed Al Ansari, the official spokesperson for Qatar’s Ministry of Foreign Affairs, wrote on X.“We reassure that Qatar’s air defenses successfully thwarted the attack and intercepted the Iranian missiles,” he wrote. He said that the base had been evacuated prior to the attack, “given the tensions in the region.” “We confirm that no injuries or human casualties resulted from the attack,” he continued. “We affirm that Qatar reserves the right to respond directly in a manner equivalent with the nature and scale of this brazen aggression, in line with international law,” he said. — Erin DohertyStocks are positive as traders view Iran missile attacks as a limited response Brendan McDermid | ReutersTraders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 23, 2025.Stock indexes are positive so far this afternoon despite the Iranian attacks on U.S. bases, as investors view the missile fire as a relatively limited response to the U.S. bombing of Iran’s nuclear facilities. The alternative, and a much more costly scenario for traders, would have been if Iran had targeted oil tankers in the Strait of Hormuz, for example, or Gulf state oil production sites. Oil prices also fell this afternoon after briefly jumping, moved lower by the same working assumptions about Iran’s retaliation. — Christina Wilkie Trump meeting with his national security team in Situation Room Source: The White HousePresident Donald Trump in the situation room on June 21st, 2025. Trump is meeting with his national security team this afternoon.A White House official told NBC News the national security team was already meeting in the Situation Room when Iranian missiles were fired at U.S. military bases in Iraq and Qatar.Trump is joined by Secretary of Defense Pete Hegseth, the Chairman of the Joint Chiefs of Staff Gen. Dan Caine and other top officials.— Christina WilkieQatar says it intercepted Iranian missiles targeting U.S. military base — Christina Wilkie
President Donald Trump proposed a tax break on car loan interest while on the campaign trail last year. House and Senate Republicans have pitched a $10,000 tax deduction on auto loan interest as part of the so-called “one big beautiful bill” being debated in Washington. Households would likely need to buy luxury cars that cost $130,000 or more to get the maximum benefit, one economist said. Models with such price tags include “exotic” brands like Rolls-Royce, Ferrari, Bentley, Aston Martin, Lamborghini, McLaren, Porsche, Land Rover, Cadillac, Maserati, Lotus or Mercedes-Benz, the economist said.Republicans are trying to make good on President Donald Trump’s campaign promise to give Americans a tax break on their car loan interest. However, as structured, most households wouldn’t get a substantial financial benefit, economists said.House and Senate Republicans proposed giving drivers a tax deduction of up to $10,000 on annual interest for new auto loans in their so-called “One Big Beautiful Bill Act.” The tax break would be temporary, ending after 2028.But few drivers pay that much annual interest, said Jonathan Smoke, chief economist at Cox Automotive, an auto market research firm.It’s “pretty rare,” he said.Auto loans don’t have annual interest charges of $10,000 or more outside of large loans on “exotic” vehicles, Smoke said.A ‘laundry list of exotic names’How large would the loan have to be?It would take a loan of roughly $112,000 to use up the full $10,000 deduction in the first year of car ownership, Smoke said.Only about 1% of new auto loans are this big, according to Cox Automotive data.Cars most likely to see loans of that magnitude include a “laundry list of exotic names” like Rolls-Royce, Ferrari, Bentley, Aston Martin, Lamborghini, McLaren, Porsche, Land Rover, Cadillac, Maserati, Lotus and Mercedes-Benz, Smoke said.Smoke’s analysis assumes drivers use the most popular loan length, 72 months at the current new loan average of around 9.5%. It includes a 10% down payment and various fees like taxes and registration.The example implies a vehicle purchase price of about $130,000, he said.Vehicles with an average purchase price near this level include a Porsche Panamera or Cadillac Escalade, he said. Monthly car payments under those loan terms would likely be more than $2,000, Smoke said.More from Personal Finance:The salary Americans say they need to live comfortablyWhy electricity prices are surging for U.S. householdsHouse, Senate tax bills both end many clean energy creditsHouse Republicans included the tax break on auto loan interest in a massive domestic policy bill, the “One Big Beautiful Bill Act,” which lawmakers narrowly passed along party lines in May. The Senate may vote on a similar measure as soon as this week.In practice, few if any households would likely claim the full benefit due to an income limitation, experts said.Both versions of the legislation reduce the value of the car loan interest tax deduction once an individual’s annual income exceeds $100,000, or $200,000 for married couples filing a joint tax return. Households below those thresholds may qualify for the full tax benefit, but are unlikely to buy an expensive enough car to do so, economists said.Those drivers who might qualify to take on a six-figure car loan are unlikely to maximize the tax break, either. Taxpayers don’t get a financial benefit once income exceeds $150,000 (or $250,000 for married couples), according to the Institute on Taxation and Economic Policy, a left-leaning think tank.Qualifying cars must also receive final assembly in the U.S., according to current legislative text, potentially further limiting the potential roster of vehicles.The average car loan and interest chargesSpencer Platt | Getty Images News | Getty ImagesPeople walk by a Ferrari dealership in New York City.The average car loan so far in 2025 is about $43,000, according to Cox Automotive data.Under Republicans’ tax plan, the average buyer would get a tax deduction of about $3,000 in the first year of a six-year loan (and a roughly $2,000 average annual deduction over the loan’s life), Smoke said.However, based on the way tax deductions work, this wouldn’t mean car buyers get $3,000 in their pocket the first year.That $3,000 would be deducted from the buyer’s taxable income.“The math basically says you’re talking about [financial] benefit of $500 or less in year one,” and a declining value in subsequent years, Smoke said. That’s less than the average monthly payment on a new loan, he said.
Two Republican senators introduced principles for a bill meant to provide a legal framework for digital assets. Legislation would define when crypto will be overseen by the SEC, rather than the Commodity Futures Trading Commission. Movement on crypto bills remains uncertain as members of the House and Senate grapple with different versions.Two Republican senators are planning to debut a framework on Tuesday for a major bill that would set the rules of the road for digital assets.According to the framework, being introduced by Senate Banking Chairman Tim Scott of South Carolina and Sen. Cynthia Lummis of Wyoming, who heads the panel’s digital assets committee, the future bill will define when crypto is a commodity or a security, allow crypto exchanges to register with the Commodity Futures Trading Commission and reduce the SEC’s regulation of digital currencies.Also signing on are Sens. Thom Tillis, R-NC, and Bill Hagerty, R-Tenn.Those pushing the legislation say the proposed bill would also contain a “small, common-sense package of measures directed at preventing money laundering and sanctions evasion.”“These principles will serve as an important baseline for negotiations on this bill,” Scott told CNBC in a statement. “I’m hopeful my colleagues will put politics aside and provide long-overdue clarity for digital asset regulation.”Scott is looking to build off the bipartisan momentum around crypto on display last week, when a bill on stablecoins passed the Senate. Nearly all Republicans were joined by 18 Democrats in supporting the bill.Taking to the Senate floor after the vote, Lummis said the bill is “only the first step,” and she called on lawmakers to finish the more complex market structure bill this year.A House version of the market structure legislation was approved by two committees this month – the Financial Services Committee, which oversees the SEC, and Agriculture Committee, which oversees the CFTC.While President Donald Trump said on Truth Social that the House should move “LIGHTNING FAST” on the Senate’s stablecoin bill, House Financial Services Chairman French Hill, R-Ark., said at an event that he wants stablecoin and market structure bills to move together. He avoided answering questions about whether the House would take up the Senate’s differing stablecoin bill.The Senate Banking Committee’s subcommittee on digital assets will hold a hearing on the forthcoming bill at 3 p.m. ET.WATCH: Circle, Coinbase shares rise after Senate passes stablecoin legislation
U.S. futures markets are rallying on Monday night, after President Donald Trump announced a “ceasefire timeline” for the conflict between Iran and Israel. The S&P 500 Futures trade at 6,112.50, up 0.58%, followed by Nasdaq Futures at 22,256.00, up 0.88%, and finally Dow Futures at 43,136.00, up 0.55%, at the time of writing this, just hours after Iran’s missile strikes against U.S. bases located in Iran and Qatar on Monday.Trump shared a post on Truth Social on Monday, announcing a “Complete and Total CEASEFIRE,” at which point, he says, “THE 12 DAY WAR” will be considered “ended.”See Also: Trump Says There Is A Ceasefire Between Israel And IranHe further adds that this war could have gone on for years, destroying the entire Middle East, “but it didn’t, and never will,” Trump says, while congratulating both countries and everyone involved in this exercise. The Foreign Minister of Iran, Syed Abbas Araghchi, has, however, refuted claims of a ceasefire, saying that there was “no agreement” for ...Full story available on Benzinga.com
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Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued to increase
BOSTON, June 23, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Hims & Hers Health, Inc. (NYSE:HIMS) for potential securities law violations. Investors who have lost money in their Hims & Hers Health, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/hims.What is this all about?Shares of Hims & Hers Health fell over 25% on June 23 after Novo Nordisk announced it was terminating its partnership with the company, citing "deceptive marketing" and "illegal mass compounding" of semaglutide-based weight-loss treatments. The collaboration between the two healthcare companies launched in April, and allowed Hims to offer Wegovy through its telehealth platform. According to Novo Nordisk, Hims continued selling compounded versions of semaglutide even after the FDA determined that ...Full story available on Benzinga.com
Texas Gov. Greg Abbott has vetoed a bill that would have banned intoxicating hemp products in the state, sending the hotly debated issue back to the Legislature through a special session tasked with producing "strict, fair and legally sustainable” regulations.
New York City, June 23, 2025 (GLOBE NEWSWIRE) -- BitStarz, a trailblazer among real money online casinos in Canada, has unveiled a transformative upgrade to its VIP Starz Club on June 23, 2025.This enhancement aims to deliver an unparalleled, exclusive experience for its most loyal players, cementing BitStarz's reputation as one of the best online casinos for Canadians. By focusing on personalized rewards, substantial casino bonuses, and an expansive game portfolio, BitStarz is poised to redefine the online casino Canada real money landscape.Moreover, new players can claim up to $2,000 or 5 BTC plus 180 free spins across their first four deposits, adding even more excitement to their journey with BitStarz!BitStarz Revamps VIP Starz Club for Unparalleled Player RewardsThe VIP Starz Club, heralded as "The Most Exclusive VIP Program Ever," has been meticulously enhanced to cater to high-value players seeking a premium real money online gambling experience. 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BitStarz encourages players to maintain regular gameplay to increase their chances of receiving an invitation to the VIP Starz Club. This focus on rewarding dedication underscores BitStarz's commitment to fostering long-term player relationships, a key differentiator among real money online casinos in Canada.BitStarz Aims to Lead in Player Experience Among Real Money Online Casinos CanadaBitStarz's goal is to distinguish itself in critical areas compared to other real money online casinos Canada, with player experience and loyalty rewards at the forefront. As Canadian players become more discerning about the quality and exclusivity of online gaming platforms, BitStarz is investing heavily in its VIP program to import global best practices into the Canadian market. This strategic focus aims to drive responsible growth in the national online gambling industry.The enhancement of the VIP Starz Club follows BitStarz's recent expansions in its game library, which now boasts over 6,500 titles, including slots, table games, live casino offerings, and exclusive BitStarz Originals. By prioritizing the VIP program, BitStarz is capitalizing on the growing demand for personalized gaming experiences, ensuring it remains a top choice for real money online gambling in Canada.To Learn More About Bitstarz's Vip Program, Visit The Official WebsiteBitStarz Launches New Bonuses to Compete with Top Casino SitesAlongside the VIP program upgrades, BitStarz has rolled out a comprehensive suite of casino bonuses and promotions to attract and retain players in the competitive online casino Canada real money market. These incentives are designed to cater to both new and existing players, ensuring a rewarding experience across all levels of engagement. Welcome Bonus Package: New players can claim up to $2,000 or 5 BTC plus 180 free spins across their first four deposits: 1st Deposit: 100% up to $400 or 1 BTC + 180 Free Spins (20 instant, 160 delivered over 8 days; minimum deposit $40 CAD for spins, $20 CAD for bonus only). 2nd Deposit: 50% up to $400 or 1 BTC. 3rd Deposit: 50% up to $800 or 2 BTC. 4th Deposit: 100% up to $400 or 1 BTC. Bonus Mania: Every deposit offers opportunities to win Mega and Minor Jackpots, Piggyz Break, 0.1x–10x deposit multipliers, 5%–50% cashback, and Jackpotz Dollar prizes. Level Up Adventure: A bi-monthly loyalty tournament with a $50,000 + $20,000 cash prize pool, where players progress through 41 levels by playing ...Full story available on Benzinga.com
Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued to increase.Existing home sales rose 0.8% last month from April to a seasonally adjusted an...
Compass sues Zillow over its "Zillow ban," alleging antitrust breach CBS NewsCompass Sues Zillow, Accusing Site of Gate-Keeping Home Listings The New York TimesCompass files lawsuit against Zillow over private home listings policy ABC News - Breaking News, Latest News and VideosThe war over real estate listings heats up as Compass targets 'Zillow ban' in new lawsuit Business Insider‘Unfiltered’: A ‘huge risk’ of litigation over private listings? Real Estate News by RealEstateNews.com
Novo Nordisk ends Hims & Hers collaboration over Wegovy weight loss drug ReutersNovo Nordisk ends deal with Hims & Hers over sales of Wegovy copycats; HIMS drops 20% CNBCHims & Hers Stock Plunges as Novo Nordisk Abruptly Ends Partnership Barron'sNovo Exits Hims & Hers Partnership, Citing Compounding Concerns Bloomberg.comHims & Hers’ stock plunges. Here’s why Wegovy parent ended its partnership with the company. MarketWatch
Unilever on Monday, June 23, said it has agreed to acquire Dr. Squatch, expanding its portfolio of Gen Z brands as it increases its investment in influencer marketing. The U.S. [...]
Bowman Joins Race For Powell's Job, Supports July Rate Cut Fed governor Chris Waller may have thought he was a shoo-in for Powell's replacement (and the role of shadow Fed chair) when he said last week that, contrary to the Powell narrative and FOMC consensus, the Fed should cut as soon as July.Waller Puts In Bid For Next Fed Chair, Says Powell Should Cut "As Early As July" https://t.co/uiN1Umb49j— zerohedge (@zerohedge) June 20, 2025Well, not so fast.Recall late last summer, it was Fed vice chair Michelle Bowman who staked out a bid for Powell's replacement when she first dissented with the Fed's jumbo 50bps rate cut meant to ease Biden/Kamala's election, and second when she (correctly) lashed out at illegal immigrants as the source of "upward pressure on rents."First she dissents, now this. If Trump wins, she will be the next Fed chair. https://t.co/eKtX10huDO— zerohedge (@zerohedge) October 2, 2024Fast forward to this morning, when Bowman officially reminded the world that she is also in the running for Powell's replacement, when she echoed Waller in saying that she would favor an interest rate cut at the next policy meeting in July so long as inflation pressures stay muted (which is doing just that).With her speech delivered in Prague, Bowman became the second central banker in recent days to suggest that President Donald Trump’s tariffs are likely to have a temporary and muted impact on prices, thus paving the way for lower rates.“Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting in order to bring it closer to its neutral setting and to sustain a healthy labor market,” she said in prepared remarks. “In the meantime, I will continue to carefully monitor economic conditions as the Administration’s policies, the economy, and financial markets continue to evolve.”Trump has been pressuring the Fed to lower interest rates as a way to save financing costs on the nation’s ballooning national debt. However, the Federal Open Market Committee at its meeting last week voted to hold its key interest rate in a target between 4.25%-4.5%.For her part, Bowman said she supported the change in approach the post-meeting statement took noting that policy uncertainty has diminished and the focus is now tilting towards potential labor market weakness.Economists had worried that Trump’s tariffs would spike inflation, but measures have shown little if any impact so far. In fact, as we showed overnight, Trump has been spot on, and export prices for Japanese cars destined to the US have cratered as it is Japanese car makers that eat the tariff cost.well would you look at that: guess who is eating all those tariff costs (hint, it's not US consumers) pic.twitter.com/iwdKyeqTII— zerohedge (@zerohedge) June 22, 2025“I think it is likely that the impact of tariffs on inflation may take longer, be more delayed, and have a smaller effect than initially expected, especially because many firms frontloaded their stocks of inventories,” Bowman said. “As we think about the path forward, it is time to consider adjusting the policy rate.”Trump has said he thinks the Fed should lower by at least 2 percentage points. Bowman’s remarks did not mention how much she thinks the rate should be lowered, and Waller said there is no need for such dramatic cuts.The FOMC next meets July 29-30. Traders are assigning just a 23% probability to a move at the meeting, with a likelihood of about 77% that the Fed will cut in September, according to the CME Group’s FedWatch gauge measuring futures market pricing.Bowman's comments sent 2Y yields and the dollar tumblig...... and sent odds of a rate cut surging.Expect this to last the next war freakout sends oil - and inflation - expectations surging, and undoing all of the above. Tyler DurdenMon, 06/23/2025 - 10:45
Hudson's Bay Company is scheduled to be back in court this morning, where it's expected a judge will hear on whether to sell three of its leases to B.C. billionaire mall owner Weihong Liu.
One of my pet peeves is when preparing folks’ tax returns, I see all too often a large percentage of folks owning some or a lot of foreign dividend paying stocks.
US Military Reveals Video Evidence Of Encounter With Disk Shaped "UAP" Remember when the US government essentially admitted to the existence of aliens and almost no one noticed? Launched in 2023, congressional hearings on government encounters with potential otherworldly phenomenon brought a series of witness testimonies into public focus that confirmed long time "conspiracy theories" that humans are not alone in the universe. Intel and military officials presented information under oath that the government had indeed encountered what they call "UAPs" (UFOs) and others claimed that non-human biological entities had been discovered along with recovered aircraft.But, the world was still reeling from pandemic hysteria, the US was on the brink of a possible civil war between conservatives and crazed leftists, the Ukraine war was fomenting a potential world war between NATO and Russia, and America was being led by a puppet president with a brain made of broccoli. Everyone was rather distracted.The sudden admission of the existence of interplanetary intelligence made most people rightfully suspicious. Why was the government, which withheld evidence from the public for decades, so interested in releasing that information now? Was the talk of UAPs and aliens really just a distraction from Joe Biden's deteriorating mental acuity? What is the world supposed to do with this revelation? Most people have bills to pay; will the aliens help pay our bills?In a political and social vacuum the concept of life from other planets with the ability to travel vast interstellar distances to Earth is mind boggling. However, the timing is odd and the government has yet to produce any tangible pieces of evidence of recovered craft or little green men. What we have seen is video evidence, once kept under wraps, of military encounters with strange objects doing things that no human technology is supposed to be capable of.The Department of Defense has revealed new video footage of another aircraft encounter. They describe the object as a massive "disc-shaped UAP" with an abnormal heat signature weaving through the clouds and changing directions in a way that cannot be explained.Investigative journalists Jeremy Corbell and George Knapp say the video was recorded by government personnel over the Afghan-Pakistan border in November 2020. The video was released by the DoD this week.The raw thermal imagery, along with two additional enhanced clips produced by the U.S. government, show the unidentified craft abruptly changing direction - all without any visible signs of propulsion. 'This is the first time in history that military filmed footage of a disc-shaped UAP, designated as such by the military, has been captured on camera and released to the public,' Corbell told DailyMail. 'It has implications that are huge.' The object was spotted during a reconnaissance mission by a high-altitude Air Force platform.The footage is reminiscent of what many now refer to as the "Tic Tac UFO" incident in 2004. Videos released by the Pentagon show U.S. Naval aviators sent to intercept a bizarre flying object that “took off like a bullet fired from a gun.” It was dubbed the “Tic Tac” UFO due to its shape and color, which resembled the popular breath mint. However, this breath mint was 45 feet across. It was detected by the Navy dozens of times in Nov. 2004.The event was buried by the US government and was not mentioned again until 2017 in an expose by the New York Times on a previously unknown UFO program. Top Gun pilot David Fravor was sent to investigate the object. The commander of the “Black Aces” Strike Fighter Squadron 41 sped through the skies in his F-18 and could not believe what he saw. Years later, his opinion hasn’t changed. “It’s not a bird. It’s not a weather balloon. It had no wings, it had no rotors, there was no wash...The four of us will to this day tell you that we have no idea what we saw, as far as where it was from or what it was, but it had incredible performance characteristics that were well beyond brand new Super Hornets right out of the factory, which were the jets we were flying.”Fravor also noted that his aircraft radar was receiving jamming cues from the object. Theories will abound on why top secret details on UAPs are being unveiled so abruptly, but encounters with possible alien life only bring the greater human condition to the forefront. It's hard to care about beings from other worlds until the numerous problems of our own world are confronted and solved. This is why these shocking admissions are receiving limited interest from the masses today. Tyler DurdenSun, 06/22/2025 - 22:45