Major US banks successfully passed the Federal Reserve's annual stress tests, demonstrating resilience against a hypothetical severe economic downturn. The tests, though simulating a significant recession with 10% unemployment and major market declines, showed smaller capital hits than in previous years. Analysts predict increased dividends and share buybacks...
The Supreme Court upheld a key part of Obamacare, but in doing so, granted HHS Secretary Robert F. Kennedy Jr. significant control over the U.S. Preventive Services Task Force (PSTF). The court ruled that the Secretary can appoint and dismiss PSTF members and overrule their decisions on preventive care...
The US Army is implementing a new policy that could discharge soldiers with pseudofolliculitis barbae (PFB), a painful skin condition affecting disproportionately Black men. The policy restricts shaving waivers and mandates treatment plans, potentially including costly laser treatments. Soldiers needing waivers for over 12 months in two years...
A federal judge has permanently blocked President Trump's executive order targeting law firm Susman Godfrey, marking the fourth such legal victory for firms challenging his actions. Judges across multiple cases have deemed Trump's orders unconstitutional, citing violations of First and Fifth Amendment rights. These orders sought to punish...
Weakened by Israeli attacks and internal rebellion, Hamas struggles to maintain control in Gaza. The Islamist group, short on commanders and with a damaged tunnel network, faces challenges from local clans, some openly backed by Israel. While Hamas still carries out attacks, intelligence suggests a loss of centralized...
A transformer explosion at Barthelemy Boganda High School in Bangui, Central African Republic, during exams triggered a stampede, resulting in the deaths of 29 students and injuries to 260 others. The incident sparked an outpouring of condolences and prayers. The Education Ministry has launched an investigation into the...
Harvard and the University of Toronto announced a plan to allow Harvard students to complete their studies in Canada if US visa restrictions prevent them from entering the US. This collaboration between the Harvard Kennedy School and the University of Toronto's Munk School aims to address concerns stemming from...
US stock markets reached all-time highs on Friday, with the S&P 500 closing at 6,173.07 and the Nasdaq also hitting a record. This follows a remarkable recovery from near bear market territory in April. While President Trump's announcement of ending trade talks with Canada briefly impacted the market,...
Former President Joe Biden paid his respects to Minnesota Rep. Melissa Hortman, her husband Mark, and their dog Gilbert, who were fatally shot earlier this month. Biden visited their lie in state at the Minnesota Capitol on Friday before attending the funeral on Saturday. He also visited Sen. John...
Software engineer Doug Brown uncovered a 27-year-old hidden Easter egg in the Power Mac G3's ROM: a photo of the development team. The image, discovered using a hex editor, was previously inaccessible. Brown found clues in the ROM's code that revealed the activation method: formatting a RAM disk with...
