Author: Press Room
President Donald Trump said he has no plans to fire Fed Chair Jerome Powell over interest rates.Investors and market watchers have been concerned about Trump’s feud with Powell.Stock futures and the dollar spiked following Trump’s comments.President Donald Trump said Tuesday he has no intention of firing Federal Reserve Chair Jerome Powell, despite wishing the Fed would cut interest rates.Trump, who has feuded with Powell for years, told reporters at the White House: “I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates.””This is…
About 46% of U.S. residents — 156 million people — lived in areas with unhealthy air quality that earned “F” grades from the American Lung Association for ozone or particle pollution.That’s according to the association’s 26th annual analysis of air quality data, which shows that the country is regressing on clean air measures.The analysis — which reviewed data from the years 2021 to 2023 — saw an increase of about 25 million people living with unhealthy air in comparison with last year’s survey.The report shows how the effects of climate change — heat, drought and increased wildfire smoke — are…
The Bundeswehr has reportedly approached key companies to speedily move troops and equipment if an emergency arises Germany’s military, the Bundeswehr, has reached out to major logistics and defense companies to prepare for a possible NATO deployment to Eastern Europe “in the event of a Russian attack,” Handelsblatt reported on Tuesday.Several eastern NATO members, especially the Baltic states, have repeatedly alleged that Russia is preparing for an invasion – an accusation Moscow has consistently denied.The Bundeswehr is reportedly holding confidential discussions with firms including Deutsche Bahn, Lufthansa, and Rheinmetall to secure their support in transporting troops, weapons, and equipment.According to…
Some people on the left are very angry with Bill Maher for meeting with President Trump at the White House earlier this month. Maher made it clear that he is not joining the MAGA movement any time soon, but that’s not good enough for them. Left wing actor Larry David even wrote an insulting piece for the New York Times suggesting that Bill Maher had dinner with Hitler. The piece was as rude to Maher as it was to Trump and his supporters. Over on CNN, Scott Jennings broke down what this is really all about. The left is trying…
Part 1 of my series on what it takes to craft an AI foundational model for performing expert-level … More mental health therapy.getty In today’s column, I examine a fast-moving trend involving the development of AI foundational models and generative AI that are specifically tailored to perform mental health therapy. Building such models is no easy feat. Startups are embarking fervently down this rocky pathway, earnestly attracting topnotch VC investments. Academic researchers are trying to pull a rabbit out of a hat to figure out how this might be best accomplished and whether it is truly feasible. It turns out…
US dollars sandwiched in an old vice, tonedgetty If you haven’t been able to keep up with the twists and turns of financial markets in the last couple of weeks, since Donald Trump announced additional tariffs, then said he’d hold off on the highest tariff levels on virtually all countries, then announced even higher tariffs on China, it’s not you. And it’s not a cold and calculated set of financial calculations and strategies. What you’re seeing is a global manifestation of humanity’s psychological struggle. It’s the battle between emotions of fear and trust. The economic idea that people are purely…
“Coachella 2025 will be remembered as a festival that compromised its moral and spiritual integrity,” said Sharon Osbourne about the Irish rap trio Kneecap and it using the iconic California music festival stage to display “Fuck Israel, Free Palestine” and “Israel is committing genocide against the Palestinian people” during its set last week. “Kneecap, an Irish rap group, took their performance to a different level by incorporating aggressive political statements. Their actions included projections of anti-Israel messages and hate speech, and this band openly support terrorist organizations,” the podcast star and wife of Ozzy Osbourne said. “This behavior raises concerns about…
Treasury Secretary Scott Bessent on Tuesday announced that the Department sanctioned Seyed Asadoollah Emamjomeh and his corporate network, stating that he and his network sought to evade American sanctions. “Emamjomeh and his network sought to export thousands of shipments of LPG—including from the United States—to evade U.S. sanctions and generate revenue for Iran,” Bessent said in a written statement. “The United States remains committed to holding accountable those who seek to provide the Iranian regime with the funding it needs to further its destabilizing activities in the region and around the world.” The Treasury Department explained in a press release:…
Monday on MSNBC’s “The Beat,” civil rights attorney Maya Wiley said that the Supreme Court issued an emergency order early Saturday morning, stopping the Trump administration’s use of the Alien Enemies Act of 1798 to deport migrants after he joked about deporting American citizens. Wiley said, “We are seeing an administration that is intentionally creating chaos for people by saying we’re going to take what we believe to be or assert as our power of the pen to define whole groups of people we think can be removed, in this case, when it comes to Venezuelan migrants, we’re going to…
Donald Trump has said tariffs on goods from China will be reduced “substantially” but “won’t be zero”, after US treasury secretary Scott Bessent said he expects a “de-escalation” in the trade war between the world’s two largest economies.Trump placed import taxes of 145% on China, which countered with 125% tariffs on US goods, causing volatility in the stock market and concern about slowing global economic growth.But the US president on Tuesday said he would be “very nice” to China and not play hardball with Chinese President Xi Jinping. “We’re going to live together very happily and ideally work together,” Trump…