Washington: Trump says US strikes cripple Iranian missiles

 

United States – President Donald Trump said in an NBC News interview released Saturday that recent U.S. military strikes have severely degraded Iran’s missile and drone capabilities, claiming the Iranian military now retains only about 21% to 22% of its original missile stockpile. He stated that most of Iran’s drone...

Washington weighs federal stakes in major AI firms

 

The Trump administration is examining whether the U.S. government should take ownership stakes in leading artificial intelligence companies, according to statements by President Donald Trump. He plans to gather top technology executives at the White House to discuss government-backed investments or equity positions in firms considered central to national technological...

Global crypto markets slump as Bitcoin hits $61,000

 

MANILA – Global cryptocurrency markets saw a sharp downturn on June 6, 2026, as widespread selling, forced liquidations, and institutional pullbacks drove Bitcoin down to $61,000, a drop of more than 25 percent over the month. During early trading, Bitcoin briefly hovered near $63,000 and $65,708 before resuming its decline,...

United States stocks slide as strong jobs data rattles

 

U.S. stock markets fell sharply after a stronger-than-expected May 2026 employment report heightened expectations of further Federal Reserve interest rate hikes. The Nasdaq Composite dropped 1,121.53 points, or 4.18 percent, to 25,709.43, its largest single-day point loss on record and steepest percentage decline since April 10, 2025. For the week,...

New York bank upgrades Tesla on autonomy shift

 

On June 5, 2026, JPMorgan Chase upgraded Tesla’s stock rating from “underweight” to “neutral” and raised its price target from $145 to $475. The bank’s analysts, led by Rajat Gupta, cited a structural change in Tesla’s business model, emphasizing a move away from relying primarily on electric vehicle sales toward...

Washington Senate rejects surveillance bill after appointment controversy

 

The U.S. Senate narrowly blocked a procedural move to extend a key foreign surveillance authority early this morning, in a direct challenge to President Donald Trump. The measure to advance reauthorization of Section 702 of the Foreign Intelligence Surveillance Act failed 47–52, with seven Republicans joining Democrats in opposition. Lawmakers...

Washington unveils sanctions on Iranian petroleum shadow network

 

The U.S. Treasury’s Office of Foreign Assets Control has launched a new sanctions enforcement action, dubbed “Economic Fury,” against a network accused of exporting Iranian-origin liquid petroleum gas to buyers across South and East Asia. Announced in Washington this evening by Treasury Secretary Scott Bessent, the action targets individuals, companies...

Strong storms possible tonight; heat returns midweek ahead

 

CHICAGO: Meteorologists forecast scattered to potentially strong thunderstorms across Chicagoland tonight and into the weekend, citing slight to marginal severe risk in western and southwestern counties and parts of northwest Indiana. Forecasters reported highs near 80 today and noted increased humidity with dew points in the upper 60s creating muggy...

Bears Board Advances Hammond Stadium Project, Officials React

 

Hammond, Indiana: The Chicago Bears' board voted Thursday to advance a stadium development project in Hammond, with the organization issuing a statement Friday saying the exact site will be selected later. The move follows a yearslong consideration of alternatives and comes after Illinois lawmakers adjourned this spring without passing legislation...

United States wildfires drive record ozone pollution

 

A peer-reviewed study published in Science on June 4, 2026, finds that wildfire smoke has reversed roughly a decade of air-quality gains across the continental United States. Using high-resolution grid modeling, University of Iowa researchers show that surface ozone levels have risen over the past ten years as carbon monoxide...