Author: Press Room

Sen. Thom Tillis (R-N.C.) said Tuesday he was hopeful that issues surrounding the Federal Reserve would be resolved, allowing Kevin Warsh’s nomination as central bank chair to move forward. Tillis acknowledged that Warsh’s nomination might have to sit at the Senate Banking Committee “for some time,” given the senator’s objections to moving forward with any Fed nominees until a Justice Department probe related to the current chair, Jerome Powell, is concluded. “But I’m optimistic it’s going to get cleared up,” he told reporters. Tillis was scheduled to meet with Warsh on Tuesday afternoon, one of a series of meetings that…

Eight of the nine Russians to join the list of the world’s richest made their money in food production Russia has added nine new dollar billionaires in the past year, eight of whom made their fortunes in agriculture and food production, according to the 2026 Forbes World’s Billionaires List.The annual ranking, published on Tuesday, shows a record 155 Russian nationals on the list despite sweeping Western sanctions imposed since the escalation of the Ukraine conflict in 2022. Their combined wealth stands at $696.5 billion, another all-time high.But the composition of Russia’s ultra-rich is shifting. Traditional fortunes in energy and metals,…

South Africa should work more closely with the Latin American country and stop buying foreign arms, President Lula da Silva has said Brazilian President Luiz Inacio Lula da Silva has called on fellow BRICS member South Africa to boost defense cooperation and reduce their reliance on foreign arms, warning that the two nations could be vulnerable to “invasion.”US President Donald Trump has repeatedly labeled BRICS countries “anti-American,” although the group of emerging economies says it does not see itself as competing with or countering any other bloc.Speaking to reporters during a visit by South African President Cyril Ramaphosa to Brasilia…

Nvidia CEO Jensen Huang published a comprehensive essay on Tuesday arguing that AI represents an industrial transformation comparable to electrification that will generate millions of well-paying jobs rather than eliminate employment opportunities. Code Red author Wynton Hall recently explained that Democrats will attempt to leverage job losses caused by AI to influence the midterm elections. CoinDesk reports that in his first standalone blog post in months, Nvidia CEO Jensen Huang directly challenged the growing narrative that AI threatens employment by presenting a framework he calls the “five-layer cake” of AI infrastructure. This framework positions energy at the foundation, followed by chips,…

The United States Southern Command (SOUTHCOM) announced on Monday it successfully carried out a joint airpower coastal patrol off the coast of Venezuela. SOUTHCOM detailed in a social media post that a U.S. Marines F-35s, a U.S. Navy P-8, and a U.S. Air Force KC-46 conducted a “Joint Airpower Coastal Presence Patrol” off the coast of Venezuela on Friday March 6. “Our persistent presence is a testament to our commitment to our partners in the region. We are always on watch,” SOUTHCOM Commander Gen. Francis L. Donovan said. SOUTHCOM published four images of the U.S. Military aircraft, one of which shows them…

Pennsylvania State Trooper Timothy O’Connor was shot and killed during a traffic stop Sunday night just before 8:30 p.m., after which the alleged killer committed suicide. 6 ABC reported that O’Connor initiated a traffic stop against a vehicle that was being driven erratically. He “made a radio call indicating the stop, but did not respond to calls to check on him.” Other law enforcement personnel rushed to investigate and discovered the driver of the stopped vehicle had opened fire on O’Connor as he approached. The driver exited the vehicle and killed himself after killing O’Connor. PennLive noted that the driver who…

DORAL, Florida — House Republican leaders plan to advance an 18-month extension of a key surveillance law ahead of an expiration deadline next month, Intelligence Chair Rick Crawford (R-Ark.) and House Majority Leader Steve Scalise said in interviews Tuesday. The White House is backing the extension of the spy powers in question, known as Section 702 of the Foreign Intelligence Surveillance Act, as the April 20 deadline approaches. The renewal would not include new restrictions on intelligence agencies supported by some lawmakers. Scalise did not give specifics on when it would come up for a vote, but two people granted…

The regulation targets all third-country nationals who are staying in the bloc illegally The European Parliament is expected to vote this month on a proposal streamlining the deportation of migrants who are staying in the bloc illegally, including rejected asylum seekers, visa overstayers, and unauthorized entrants.The ‘Return Regulation’ amendment envisions the creation of detention centers outside the EU where rejected asylum seekers would be sent before being returned to their country of origin. The law would allow EU states to transfer migrants to these centers under bilateral agreements.The regulation would also allow private homes to be searched for individuals with…

Australia responded Tuesday to a call for help from the United Arab Emirates (UAE) as it faces bombardment from Iranian drones, despatching a sophisticated Royal Australian Air Force (RAAF) E-7A Wedgetail spy plane and air-to-air missiles to the region. The broad aim is to help improve the detection of inbound Iranian missiles and loitering munitions being launched against Gulf countries. The deployment is specifically intended to aid “the United Arab Emirates (UAE) and other Gulf nations to defend themselves” from Iranian attacks, Australian Prime Minister Anthony Albanese, Deputy Prime Minister and Minister of Defence Richard Marles, and Minister for Foreign Affairs…

Existing home sales unexpectedly rose in February as affordability hit its best level in nearly four years and first-time buyers surged into the market. Sales rose 1.7 percent from January to a seasonally adjusted annual rate of 4.09 million units, the National Association of Realtors reported Tuesday. This was well above the 3.88 million analysts had forecast. First-time buyers represented 34 percent of February purchases, up from 31 percent in both January and a year ago, matching the highest share in five years. The surge suggests that buyers who had been frozen out by years of high rates and elevated…