Author: Admin
FEDERAL Reserve officials are widely expected to leave interest rates unchanged on Wednesday (May 7) as they await clarity on the Trump administration’s trade policies, a move likely to frustrate the president and anyone else seeking answers about the US central bank’s next move.An aggressive slew of tariffs on imported goods is denting consumer confidence, with households bracing for a potential spike in consumer prices and a weakening job market. Yet the latest data show inflation decelerated in March, while the unemployment rate remained steady in April. Fed officials have stressed in recent public comments that while uncertainty is unusually high,…
Top lawmakers in the House and Senate sent a letter to Treasury Secretary Janet Yellen on Tuesday asking her to provide key committees with a briefing on a major Chinese cyber intrusion into sensitive systems within the agency.Cloud security service provider BeyondTrust alerted Treasury early last month to a breach in which Beijing-aligned hackers obtained a key used to secure a cloud tool for remotely supporting Treasury Departmental Offices end users. Using the stolen key, the hackers bypassed BeyondTrust’s security, accessed Treasury workstations and retrieved unclassified documents stored by those users.They also accessed Treasury’s Office of Foreign Assets Control, a powerful arm…
The Department of Health and Human Services formally revoked some layoff notices on Tuesday, multiple federal health officials told CBS News, restoring some staff at the U.S. Centers for Disease Control and Prevention and the Food and Drug Administration.Tuesday’s letters to laid-off workers notifying them that their employment was being restored went a step further from some previous reinstatements touted by department officials, which often amounted only to a request for civil servants to continue working for a few more weeks to wind down or prepare to hand off their assignments.”You previously received a notice regarding the Department of Health…
LOS ANGELES — Andrew Friedman was at his son’s soccer game last Saturday making a recruiting pitch to another player via Zoom when the franchise-altering phone call arrived. The Dodgers president of baseball operations abruptly ended his video chat, walked out to the field and fielded the call he had hoped would come from Shohei Ohtani’s agent, Nez Balelo. “I don’t even remember what Nez said,” Friedman recalled Thursday, “other than that Shohei was going to be a Dodger, and it was going to be announced soon on Instagram.” For Friedman, the news marked an “incredible” end to a turbulent 24 hours. By Friday…
WASHINGTON: Senior US and Chinese officials will travel to Switzerland later this week to kickstart stalled trade talks following President Donald Trump’s sweeping tariff rollout, according to statements from both countries. The talks mark the first official public engagement between the world’s two largest economies to resolve a trade war escalated by Trump shortly after his return to office in January. Treasury Secretary Scott Bessent and US Trade Representative (USTR) Jamieson Greer will attend the talks in Europe for the United States, their offices said. Vice Premier He Lifeng will attend for Beijing, China’s Ministry of Foreign Affairs announced. “Vice…
DELTA Air Lines must face a proposed class action by passengers who said it refused to offer full refunds after delaying or cancelling their flights following a massive computer outage last July, a federal judge ruled on Tuesday.US District Judge Mark Cohen in Atlanta said five of the nine plaintiffs may pursue breach of contract claims based on Delta’s failure to refund.The judge allowed a different group of five plaintiffs to pursue claims related to delayed and cancelled flights under the Montreal Convention, a multilateral treaty.Cohen dismissed the remaining claims, including those he said were preempted by federal law.The July…
Media top headlines October 14In media news today, Katie Couric admits she protected Ruth Bader Ginsburg by editing out remarks on anthem kneelers, a former Obama ethics official slams the Biden White House for avoiding questions on Hunter Biden’s artwork, and Facebook says it will treat journalist and activists as public figuresvia FOX NEWS https://bit.ly/3j17BxG
Philip Sunshine, a Stanford University physician who played an important role in establishing neonatology as a medical specialty, revolutionizing the care of premature and critically ill newborns who previously had little chance of survival, died on April 5 at his home in Cupertino, Calif. He was 94.His death was confirmed by his daughter Diana Sunshine.Before Dr. Sunshine and a handful of other physicians became interested in caring for preemies in the late 1950s and early ’60s, more than half of these unimaginably fragile patients died shortly after birth. Insurance companies wouldn’t pay to treat them.Dr. Sunshine, a pediatric gastroenterologist, thought…
Sheamus and Pete Dunne locked horns in a brutal one-on-one match on Monday Night Raw when The Celtic Warrior shocked the WWE Universe, ripping his own hand from the turnbuckle pad to take out Dunne with the mighty Brogue Kick.
Security personnel stand guard near Dal Lake in Srinagar, India, on May 6, 2025. Basit Zargar | AFP | Getty ImagesIndia early on Wednesday said its armed forces had conducted strikes against Pakistan and what it calls Pakistan-occupied Jammu and Kashmir, targeting “terrorist infrastructure.””Our actions have been focused, measured and non-escalatory in nature. No Pakistani military facilities have been targeted,” the country’s Ministry of Defence said.The operation follows a militant attack in Pahalgam, Jammu and Kashmir, in which 26 people were killed last month and targeted nine sites, the statement said.”We are living up to the commitment that those responsible…