President Donald Trump imposed a 50 percent tariff on a wide array of Canadian imports, including automotive products, whiskey, and hockey sticks, following the collapse of bilateral trade negotiations over the weekend. In direct retaliation, Canadian Prime Minister Mark Carney announced matching dollar-for-dollar counter-tariffs on U.S. goods. The sudden escalation...
Global financial markets experienced severe turmoil Thursday following an aggressive semiconductor sell-off that triggered a circuit breaker on South Korea’s KOSPI index. The regional downturn was led by major chipmaker SK Hynix, whose shares plummeted nearly fifteen percent amid mounting investor anxiety over potential oversupply and softening demand for artificial...
A federal judge on Thursday sharply questioned why the Kennedy Center is rushing to re-inscribe President Donald Trump's name on its facade by Sept. 8, just months after he ruled the initial addition illegal. U.S. District Judge Christopher Cooper interrupted the Trump administration's lawyer, Bradley Mayers, asking "What's magic about...
Multiple Federal Reserve officials voiced concern on Thursday that current benchmark interest rates remain insufficiently restrictive to combat persistent inflation pressures across the United States. Cleveland Fed President Beth Hammack reiterated during remarks that policymakers should act immediately to contain price increases, pointing out that elevated inflation has persisted for...
Oracle Corporation abruptly eliminated approximately thirty thousand jobs globally via early-morning email notifications, bypassing traditional human resources channels. Financial analysts estimate the sweeping reduction will generate between eight billion and ten billion dollars in crucial cash flow. This liquidity is directed toward financing an aggressive expansion of artificial intelligence data...
Alabama Shakes will release “I Must Be Dreaming” Friday, marking the Grammy-winning group’s first studio album since 2015’s “Sound & Color.” The reunion grew from a late-2024 benefit performance at Druid City Brewing Company in Tuscaloosa, Alabama, after co-founder Bo Hicks invited Brittany Howard to perform. Howard contacted guitarist Heath...
Barcelona canceled a tribute to its eight Spain World Cup champions before Thursday’s LaLiga match against Athletic Club, citing tensions after a police incident involving a fan and the independence flag. Club president Joan Laporta said the recognition proposed by the Spanish soccer federation was not appropriate in the circumstances...
Nvidia has agreed to acquire open-source artificial intelligence platform Hugging Face for approximately $12.9 billion, according to a report published Wednesday by The Information. Neither Nvidia nor New York-based Hugging Face immediately issued official public comments confirming the transaction. If finalized, the transaction would mark one of the largest acquisitions...
The U.S. military faces a severe shortage of Patriot missile interceptors in Europe after large numbers were shifted to the Middle East during the Iran war, according to two officials who spoke anonymously to The Associated Press. The officials said European inventories are “beyond critical,” raising concerns about NATO’s ability...
Torrential rain struck Japan’s north-central prefectures of Ishikawa and Toyama, triggering severe flooding and landslides that closed roads and stranded residents. The Japan Meteorological Agency issued a Level 5 heavy rain warning, urging precautionary measures before downgrading it to medium as rain subsided. Officials advised over 380,000 people to seek...
