Iran launched seven ballistic missiles toward the U.S.-allied Gulf states of Kuwait and Bahrain early Saturday, in what U.S. military officials described as a major escalation in the conflict involving American forces in the region. U.S. Central Command (CENTCOM) said defensive systems intercepted six of the missiles, while the seventh...
A Cleveland Federal Reserve official, Beth Hammack, a voting member of the Federal Open Market Committee, signaled that a monetary policy shift toward tighter conditions may soon be warranted following a strong U.S. jobs report released Friday. The May report showed the economy added 172,000 jobs, prompting traders to fully...
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...
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...
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,...
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,...
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...
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...
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...
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...
