Stocks surged at the open of trading on Thursday after a panel of federal judges blocked President Donald Trump from slapping some of his far-reaching tariffs on China and other major U.S. trading partners. The Dow Jones Industrial Average jumped 55 points, or 0.1%, while the S&P 500 increased 0.8%. The tech-heavy Nasdaq climbed 1.4% … Read more
Hailey Bieber attends The Metropolitan Museum of Art’s Costume Institute benefit gala celebrating the opening of the “Superfine: Tailoring Black Style” exhibition on Monday, May 5, 2025, in New York. (Photo by Evan Agostini/Invision/AP) The Associated Press Source link
WASHINGTON — A federal court in New York handed President Donald Trump a big setback Wednesday, blocking his audacious plan to impose massive taxes on imports from almost every country in the world. A three-judge panel of the U.S. Court of International Trade ruled that Trump overstepped his authority when he invoked the 1977 International … Read more
Testimony Wednesday in the sex-trafficking and racketeering trial of Sean “Diddy” Combs was marked by a surprise motion for a mistrial from Combs’ defense team. The play, prompted by a reference to destroyed evidence in an arson investigation, was quickly turned back by the judge, who has kept a tight grip on the headline-grabbing trial. … Read more
Elon Musk is set to depart the Trump administration and leave his role as a “special government employee,” a White House official told ABC News. The White House will begin Musk’s off-boarding Wednesday night, the official said. Musk posted on X Wednesday night thanking President Donald Trump, saying his Department of Government Efficiency (DOGE) team … Read more
President Donald Trump officially pardoned reality TV stars Todd and Julie Chrisley on Wednesday. The official word came a day after his communications adviser announced the president would pardon the pair, who are serving time for tax evasion and bank fraud. Their daughter, Savannah Chrisley, posted an image on Instagram Wednesday afternoon appearing to show … Read more
The Federal Emergency Management Agency denied North Carolina’s request for the agency to match 100% of the state funds for Helene cleanup, according to a letter sent from the acting FEMA administrator to the governor of North Carolina. “After a careful and thorough review of all the information available, including that contained in your initial … Read more
A team from the Department of Government Efficiency can now access a sensitive Treasury Department system that controls trillions of dollars in federal payments, a judge ruled late Tuesday. U.S. District Judge Jeannette Vargas gave permission for four DOGE employees to access the Bureau of the Fiscal Service, which essentially serves as the checkbook for … Read more
LONDON — Hundreds of Ukrainian drones crossed into Russia overnight into Wednesday morning, dozens of which targeted Moscow and again caused disruption to flights in and out of the capital, according to officials there. Russia’s Defense Ministry said its forces shot down 296 Ukrainian drones over 12 regions — including the capital Moscow — during … Read more
SpaceX launched its Starship spacecraft into space Tuesday and successfully made it into orbit, but a suspected propellant leak put the spacecraft into a spin and it was expected to burn up upon reentry. That comes after two recent failed test flights resulted in the destruction of the spacecraft and sent debris falling back to … Read more