US SEC to see exodus as hundreds take Trump’s buyout offers, sources say
WASHINGTON- Wall Street’s top regulator is facing an exodus of staff across key departments as hundreds of employees have agreed to take resignation offers amid President Donald Trump and Elon Musk’s efforts to remake the U.S. government, five people familiar…
Elon Musk holds Pentagon meeting, wants leakers prosecuted
WASHINGTON- Billionaire Elon Musk held a meeting for more than an hour at the Pentagon on Friday morning as the close ally of President Donald Trump called for the prosecutions of any Pentagon officials leaking false information about his visit….
Columbia research takes immediate hit from Trump funding cuts
NEW YORK – The sudden shutdown of millions of dollars in federal funding to Columbia University this month is already disrupting medical and scientific research at the school as it confronts a Friday deadline to bow to government demands for…
FBI scales back staffing, tracking of domestic terrorism probes, sources say
WASHINGTON- The FBI has cut staffing in an office focused on domestic terrorism and has scrapped a tool used to track such investigations, in a shift that could undermine law enforcement’s ability to counter white supremacists and anti-government extremists, according…
Hedge fund pessimism over Wall Street hits 5-year high, Goldman says
LONDON-Hedge funds added more bearish positions than bullish ones in March than at any time since 2020, doubling down on bets that U.S. stocks have further to fall, according to a Goldman Sachs note sent to clients on Thursday. Since…
Cryptocurrency firm founder pleads guilty in US to market manipulation scheme
BOSTON- The founder of a cryptocurrency financial services firm pleaded guilty on Friday to U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies. Aleksei Andriunin, the founder and…
Trump awards Boeing much-needed win with F-47 fighter jet contract
WASHINGTON – U.S. President Donald Trump awarded Boeing on Friday the contract to build the U.S. Air Force’s most sophisticated fighter jet yet, dubbed the F-47, handing the company a much-needed win. The Next Generation Air Dominance program will replace…
Senate Democrats urge Trump to reverse Federal Trade Commission firings
More than two dozen Democratic U.S. senators called on President Donald Trump on Wednesday to rescind his termination of the two Democratic members of the U.S. Federal Trade Commission. U.S. Senator Amy Klobuchar of Minnesota sent the letter to the…
Judge says Columbia protestor must remain in US for now, moves case to NJ
NEW YORK -A U.S. judge on Wednesday said Columbia University student Mahmoud Khalil must remain in the United States for now, but moved his challenge to the legality of his arrest over his participation in pro-Palestinian protests to a court…
Turkey detains Istanbul mayor in what opposition calls ‘coup’
ISTANBUL-Turkey detained Istanbul mayor Ekrem Imamoglu, the main rival of President Tayyip Erdogan, on charges of corruption and aiding a terrorist group in what the main opposition party on Wednesday called “a coup against our next president”. The move against…
Investors hopeful Wells Fargo asset cap will be removed in 2025
NEW YORK – Investors and analysts are more hopeful the asset cap on Wells Fargo will be lifted this year after the bank managed to close five regulatory actions in 2025, making its shares more attractive. Since January, the bank…
Ottawa condemns recent Chinese executions of Canadian citizens
OTTAWA – Canada said on Wednesday that China had executed an unspecified number of Canadian citizens earlier this year, and strongly condemned Beijing’s use of the death penalty. “Canada repeatedly called for clemency for these individuals at the senior-most levels…
After airstrikes, Israel says it has launched new ground operation in Gaza
CAIRO/JERUSALEM – The Israeli military said on Wednesday its forces resumed ground operations in the central and southern Gaza Strip, as a second day of airstrikes killed at least 48 Palestinians, according to local health workers. The renewed ground operations…
Judge warns of consequences if Trump administration violated deportation order
The Trump administration could face consequences if it violated a judge’s order temporarily blocking the deportation of hundreds of Venezuelan migrants, the judge said on Wednesday even as he gave the government more time to elaborate on the expulsions. Washington-based…
Union sues Trump administration for halting student loan repayment plans
A major U.S. teachers union has filed a lawsuit against the Department of Education accusing Republican President Donald Trump’s administration of unlawfully shutting down access to income-driven repayment plans used by millions of student loan borrowers. The American Federation of…
Foreign holdings of US Treasuries steady in January, data shows
Foreign holdings of U.S. Treasuries held steady in January, data from the Treasury Department showed on Wednesday. Holdings of U.S. Treasuries tallied at $8.526 trillion in January, unchanged from the previous month. Compared with a year earlier, Treasuries owned by…
Amazon loses court fight against record $812 million Luxembourg privacy fine
BRUSSELS – Amazon lost its fight against a record 746 million euro ($812.4 million) fine handed out by Luxembourg’s privacy regulator four years ago as a court sided with the watchdog, according to a statement on the regulator’s website. The…
Fed keeps policy rate outlook intact amid projected growth slowdown, temporary inflation jump
WASHINGTON-The Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year in the context of slowing economic…
USDA to begin disbursing economic aid to farmers amid low prices
The U.S. Department of Agriculture will on Wednesday begin accepting applications from farmers affected by low commodity prices for economic aid passed by Congress last year, an agency official said on Tuesday. The stop-gap government funding package passed by Congress…
Trump, Putin agree to Russia-Ukraine energy infrastructure ceasefire for 30 days
WASHINGTON-Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other’s energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders. The…