Stronger Dollar Surges on Rising U.S. Rate Expectations and Global Risk Aversion
The U.S. dollar climbed to its strongest level in more than a year as investors increasingly bet that the Federal Reserve may raise interest rates again and sought safety amid a sharp selloff in technology stocks. The dollar index rose to 101.71, its highest level since May 2025, as markets priced in a more hawkish […]
Trump Turns America 250 Kickoff Into a Campaign-Style Rally on the National Mall
President Donald Trump is opening the kickoff of America’s 250th anniversary celebrations with a rally on the National Mall that looks less like a traditional civic ceremony and more like a campaign-style political event centered on himself. Trump sees the country’s semiquincentennial as a chance to re-energize the public, but also to reframe the national […]
Oil prices sink further as Trump signs deal to reopen Hormuz
Oil prices tumbled again Thursday after US President Donald Trump and his Iranian counterpart signed off on a deal to end their war and reopen the Strait of Hormuz. The news boosted optimism for a lasting peace between the two nations after more than three months of war that has rattled energy markets and fuelled […]
U.S. Delays Blacklisting DeepSeek and Dozens of Chinese Firms Despite Security Concerns
The Trump administration has held off adding China’s AI startup DeepSeek, memory chipmaker CXMT, and more than 100 other companies identified as national security risks to a key U.S. trade blacklist. The decision suggests that the White House is trying to avoid further inflaming tensions with Beijing, even as officials inside the U.S. government have […]
Trump’s Iran Deal Faces Skepticism on Capitol Hill as Senators Demand Details
President Donald Trump’s newly announced Iran deal is facing immediate scrutiny in Congress, where lawmakers from both parties say they still lack basic details about what the administration has actually agreed to. The deal was greeted with skepticism on Capitol Hill, even among some Republicans, because senators returned to Washington with only a broad outline […]
Jay Clayton Chosen to Lead U.S. Intelligence Amid Senate Standoff Over Spy Powers
President Donald Trump has nominated Jay Clayton, the top federal prosecutor in Manhattan and former Securities and Exchange Commission chair, to become the next director of national intelligence, putting a politically moderate but intelligence-inexperienced lawyer at the top of the U.S. spy apparatus during a heated battle over surveillance powers and national security leadership. Trump […]
Trade Deal With Canada and Mexico Faces Uncertainty After Trump Questions Renewal
President Donald Trump said the United States might not renew the United States-Mexico-Canada Agreement, raising new uncertainty over the future of North American trade. Trump told reporters he may either let the agreement expire or seek a different deal with Canada and Mexico, citing frustration over U.S. trade deficits and what he views as unfair […]
New Law Gives ICE and Border Patrol Funding Surge Through End of Trump’s Term
President Donald Trump signed a bill giving his immigration enforcement agenda nearly $70 billion in funding through the end of his term, locking in money for deportations, border operations and expanded federal enforcement. The law provides $38 billion for U.S. Immigration and Customs Enforcement, $26 billion for the Border Patrol and another $5 billion for […]
New York County Faces Lawsuit Over Camera Network Tracking Millions of Drivers
A coalition of civil rights groups has filed a class action lawsuit against Westchester County, New York, challenging its massive license plate reader program as an unconstitutional surveillance system. The county has deployed nearly 600 license plate reader cameras that have collected about 1.6 billion scans of vehicles traveling through the suburban county just north […]
U.S. Spy Law Nears Deadline Amid Fight Over Warrantless Searches of Americans’ Data
Section 702 of the Foreign Intelligence Surveillance Act, one of the most important U.S. surveillance authorities, is set to expire on June 12, 2026, unless Congress renews it. The law allows U.S. intelligence agencies, including the NSA, FBI and CIA, to conduct targeted surveillance of foreign individuals located outside the United States with help from […]
