Today
Wall Street reels from socialist’s win in New York mayoral race
Financiers are panicking and plotting to back a moderate after the left-wing candidate clinched the Democratic candidacy.
Trump says three or four people on list to replace Fed’s Powell
President Donald Trump reiterated his anger with Jerome Powell though he did not name any potential successors or a timeline for a decision.
NATO agrees to Trump demand for bigger 5pc defence spend
The summit was tailored to the US president and his demands for increased defence spending from European allies.
Yesterday
Powell tells legislators he is in no rush to cut rates
There is no rush to lower rates as officials wait for more clarity on the economic impact of higher tariffs, says the US Federal Reserve chairman.
‘Another big success!’: Trump posts private texts from NATO chief
The US president has revealed personal messages from Mark Rutte praising him for his actions in Iran, showing how far world leaders will go to stroke his ego.
This Month
Republicans, Democrats urge Hegseth to back AUKUS
A bipartisan coalition of powerful Congressmen has gone in to bat for AUKUS, assuring the Defence Secretary there are enough US submarines for Australia.
Why Trump’s MAGA voters may be pro-war after all
Opinion may still change if the US finds itself in a long, drawn-out war, but it may have been wrong to think the president’s base would be turned off by strikes on Iran.
Aussie ace Minjee Lee wins Women’s PGA Championship
The 29-year-old completed the third leg of women’s golf’s fabled grand slam to edge ever closer to a place in the sport’s Hall of Fame.
Musk’s new robotaxis hit the streets in critical Tesla test
The Texas rollout has been highly anticipated by investors, who are counting on the new line to revive a company battered by poor sales and a consumer backlash.
‘We’re working for Israel’: Trump faces MAGA heat over Iran strikes
Critics are concerned that US military personnel could face retaliation by Iran and its proxies.
‘Scarce resources’: AUKUS submarine sales at risk from Pentagon review
Insiders say the most likely outcome of a Pentagon review on AUKUS is a push for more money, but a meaningful risk to Australia’s nuclear submarine plans remains.
Federal Reserve governor says window open for a July rate cut
“We’ve been on pause for six months to wait and see, and so far, the data has been fine,” Christopher Waller said.
‘A total and complete moron’: Trump rants about Powell anew
The US president has renewed threats to fire the Federal Reserve chairman after policymakers opted to keep interest rates on hold.
Israeli military says it killed two IRGC commanders
Israel’s Defence Minister Israel Katz said the military secured a major achievement on Saturday after killing two IRGC commanders who financed and armed Hamas and Hezbollah.
Harvard nears ‘mindbogglingly’ historic US deal, says Trump
After weeks of negotiations, the US president appears close to reaching an agreement with Harvard University on federal funding and foreign enrolments.
‘Bikinis and burgers’: How the culture wars are remaking advertising
Brands are diluting or scrapping campaigns with a social purpose as the movement against DEI intensifies.
Israeli hospital, Iranian nuclear site hit as Trump mulls US role
Israeli media aired footage of blown-out windows and heavy black smoke. Another missile hit a high-rise building and several other residential buildings in at least two sites near Tel Aviv.
US orders social media vetting for student visa applicants
Foreign nationals applying for student visas will be asked to set their profiles to public. The State Department said failure to do so would raise red flags.
LA Lakers owner sells majority stake in record sports deal
The Buss family has agreed to sell a chunk to LA Dodgers owner Mark Walter that would value the glamorous basketball franchise at close to $15.4 billion.
Trump faces uproar from MAGA base over possible Iran strike
Prominent Republican allies, including former White House strategist Steve Bannon, are in the unusual position of disagreeing with the bombastic president.
Fed cuts outlook for US economy but holds rates
The Federal Reserve sees inflation worsening this year and officials are increasingly split about the direction of further rate cuts.
Wall St is going crazy for these oversized, sugary cookies
Biscuit business Crumbl is a viral dessert sensation with more than $1.8 billion in sales. Now private equity is looking for a bite.
How the ultra-rich are changing the political landscape
Two wonderfully detailed books explore the impacts of the widening gap between the super-elites and everyone else.
Waitlist grows for Trump’s $7.7m golden visa
Nearly 70,000 people have registered for the scheme granting foreigners legal residency in the US if they pay a hefty sum, Commerce Secretary Howard Lutnick said.
Trump’s agents arrest New York mayoral candidate at immigration court
Videos show the Democrat being hauled away by federal agents, as tensions continue to run high over Donald Trump’s anti-immigration raids.