A 6.9 magnitude earthquake hit near Papua New Guinea on Saturday morning, according to the US Geological Survey. The epicenter was located 194 km southeast of Kimbe, the capital of West New Britain Province. Several aftershocks, including a 5.3 magnitude quake, followed. A tsunami warning was issued for the Pacific island nation, but it has … Read more
The US military’s operation against Iran-backed Houthi militants in Yemen has cost nearly $1 billion in just under three weeks, despite limited impact on destroying the terror group’s capabilities. The campaign, launched on March 15, has used hundreds of millions of dollars worth of munitions, including long-range cruise missiles and GPS-guided glide bombs. B-2 bombers … Read more
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SpaceX Astronauts Successfully Splash Down Off California Coast Four private astronauts splashed down in waters near Oceanside, California, on Friday, marking the first time a SpaceX vehicle has landed in the Pacific Ocean after six years of returning to Earth in the Atlantic or Gulf of Mexico. The Fram2 mission, which orbited the Earth for … Read more
Federal Reserve Chair Jerome Powell said President Donald Trump’s tariffs will raise inflation and lower growth, and indicated that the Fed won’t move on interest rates until it gets a clearer picture on the ultimate impacts. The announcement of new reciprocal levies has left the Fed with a “highly uncertain outlook,” according to Powell. Powell … Read more
A software engineer at Microsoft’s AI division interrupted the company’s 50th anniversary celebration on Friday, protesting the use of Microsoft’s AI products by the Israeli military. The protester, Ibtihal Aboussad, accused Microsoft of selling its technology to power genocide in Palestine. Aboussad, who works on Microsoft’s speech recognition engine team, was swiftly escorted out of … Read more
Retirees in the US are facing anxiety and frustration over a second day of market turmoil that has hit their 401(k) accounts, following President Donald Trump’s escalation of tariffs. The economic chaos is causing some to pause big-ticket purchases and reconsider home renovations, while others fear it will affect their quality of life. Paula, a … Read more
Stellantis has extended its employee-discount program to the wider market as automakers face uncertainty over tariffs on Mexican and Canadian imports. The company is offering a temporary price cut of thousands of dollars, allowing customers to choose between employee pricing or current retail incentives. Some automakers have warned lawmakers that they will have to raise … Read more
Tesla Inc.’s first-quarter vehicle deliveries fell far short of expectations, with the company delivering 336,681 vehicles, its worst quarterly total since 2022. Analyst Ryan Brinkman at JPMorgan Chase & Co. cited consumer backlash against CEO Elon Musk as a major factor in his revised estimate of Tesla’s earnings. The stock slumped over 44% from its … Read more
US President Donald Trump’s trade wars have taken a toll on banks, including Goldman Sachs. A recent meeting with senior executives revealed that clients are seeking advice as the stock market experiences its biggest meltdown in years. The conversation took place at Goldman Sachs’ Manhattan headquarters, where executives discussed their asset-management business and how it … Read more