Trump Urges 1% Interest Rate Amid Rising Deficits, Experts Disagree
President Trump called on the Federal Reserve to lower its benchmark interest rate to 1%, aiming to ease financing of growing deficits from his spending and tax cuts. However, economists warn that such a move may not stabilize the economy and could fuel inflation, questioning the long-term effectiveness of the proposal.
From Big Wins to Snubs, Michael Schneider Breaks Down Emmy Nominations
TV expert Michael Schneider highlighted HBO Max’s major success with multiple Emmy nominations, calling it a “big haul” for the streamer. However, he also noted surprising omissions, including Netflix’s Squid Game, which failed to make a strong showing. Schneider emphasized the shifting landscape of TV awards and streaming dominance.
Trump Considers Scott Bessent as Possible Fed Chair Replacement
Speaking to reporters at Joint Base Andrews, U.S. President Donald Trump said Treasury Secretary Scott Bessent is being considered as a potential replacement for Federal Reserve Chairman Jerome Powell. Trump expressed dissatisfaction with Powell’s policies and indicated that leadership changes at the Fed remain a possibility in the near future.
Pam Bondi Silent on Epstein Case, Faces Growing Backlash
U.S. Attorney General Pam Bondi refused to answer questions about the Justice Department’s handling of Jeffrey Epstein’s death and his alleged client list. Her silence has triggered public outrage and political criticism, with many demanding transparency and accountability. Critics say the lack of answers fuels suspicion over the protection of powerful individuals possibly linked to […]
Rihanna Brings Kids to ‘Smurfs’ Premiere, Voices Smurfette and Records New Music
Rihanna attended the premiere of the animated movie Smurfs with her children, Riot Rose and RZA Athelston Mayers. The singer voices Smurfette in the film and expressed excitement about her kids hearing her character. She also recorded original music for the movie, marking a return to both acting and music.
Trump Sends Patriot Missiles to Ukraine, Warns Sanctions on Russian Export Buyers
President Trump announced new military aid for Ukraine, including Patriot air defense missiles. He warned of sanctions and 100% tariffs on countries buying Russian exports if a peace deal isn’t reached within 50 days. The move signals increased pressure on Moscow and strong U.S. support for Kyiv amid ongoing conflict.
Trump Blasts Fed Chair, Calls Him ‘Really Bad’ and ‘Stupid Guy’ Over Interest Rates
President Trump harshly criticized the Federal Reserve Chair, calling him a “really bad” and “stupid guy” for refusing to cut interest rates to 1% or lower. Trump argued that aggressive rate cuts are essential for boosting the economy, escalating tensions between the White House and the central bank once again.
Sinner and Swiatek Celebrate Wimbledon Wins with Dance
Jannik Sinner and Iga Swiatek celebrated their first Wimbledon titles with a graceful dance at the Champions’ Dinner in London. Dressed elegantly, the duo shared a joyful moment on stage, delighting guests and fans alike. Their victory dance marked a fitting end to a historic Wimbledon campaign for both players.
Elon Musk to Seek Tesla Shareholder Vote on xAI Investment
Elon Musk announced he will ask Tesla shareholders to vote on whether the company can invest in his AI startup, xAI. Rejecting a full merger, Musk emphasized formal collaboration between the firms. The proposal will be presented at Tesla’s annual meeting in November, signaling Musk’s strategic push into artificial intelligence.
Deputy PM Ishaq Dar Attends SCO Foreign Ministers’ Meeting with President Xi Jinping
Deputy Prime Minister and Foreign Minister Ishaq Dar departed the Diaoyutai State Guest House and arrived at the Great Hall of the People in Beijing for the SCO Foreign Ministers’ Group Meeting with Chinese President Xi Jinping. The high-level meeting underscores Pakistan’s active engagement in regional diplomacy and cooperation under the Shanghai Cooperation Organization framework.