US Politics & Business News
President Trump says the United States holds a dominant position in ongoing negotiations with Iran, citing recent military strikes as a key factor in that leverage. Trump credited joint U.S.-Israeli strikes with significantly weakening Iran’s military capabilities, framing the damage as a strategic advantage heading into talks. Despite acknowledging Tehran’s skill at the negotiating table,…
Local Virginia police responded to a swatting call Wednesday night at the home of Supreme Court Justice Amy Coney Barrett. Police radio traffic confirmed that law enforcement received a report describing a “suspicious noise of gunshots” at Barrett’s suburban Virginia address. The call prompted an immediate law enforcement response to the residence, drawing officers to…
The United Kingdom’s spy chief has made a striking claim about the staggering human cost of Russia’s ongoing war in Ukraine. Nearly half a million Russian soldiers have been killed since the Kremlin launched its invasion of Ukraine more than four years ago, according to the UK’s top intelligence official. The figure represents one of…
Chicago Federal Reserve President Austan Goolsbee said Thursday that energy inflation tied to the war in Iran has lasted longer than initially expected. Goolsbee made the remarks to CNBC’s Kaori Enjoji at the Bank of Japan-IMES Conference, warning of broader economic consequences for energy-importing nations. He said futures markets had originally expected energy prices to…
Treasury Secretary Scott Bessent delivered a pointed warning to Oman on Thursday, escalating tensions over the critical waterway known as the Strait of Hormuz. The warning came after President Trump publicly stated that Oman should “behave or we’ll have to blow ’em up,” raising the stakes in an already tense diplomatic standoff. Bessent took to…
The Federal Reserve appears set to remain on the sidelines after fresh inflation data released Thursday showed consumer prices continuing to weigh on American wallets. The personal consumption expenditures price index increased a seasonally adjusted 0.4% for the month, putting the 12-month inflation rate at 3.8%, the Commerce Department reported. Economists surveyed by Dow Jones…
Salesforce (NYSE: CRM) reported first-quarter fiscal 2027 non-GAAP earnings per share of $3.88, up 50 percent year on year and well ahead of the analyst consensus of $3.13, alongside revenue of $11.1 billion, up 13 percent, as the company posted what it described as record first-quarter financial results after Wednesday’s close. The headline beats were…
The One Big Beautiful Bill Act, President Donald Trump’s sweeping tax and spending legislation, cleared Congress earlier this year after one of the most tense legislative sessions in recent memory, passing the Senate on a 51-50 vote only after Vice President JD Vance cast the tie-breaking ballot to force it over the line. The three…
Lockheed Martin (NYSE: LMT) broke ground on a new Munitions Production Center in Troy, Alabama on May 21, adding 87,000 square feet of production space to support Terminal High Altitude Area Defense interceptors and work on the Next Generation Interceptor programme. The facility represents one element of a broader plan by Lockheed Martin (NYSE: LMT)…
Salesforce (NYSE: CRM) reports first-quarter fiscal 2027 earnings after Wednesday’s close with the stock sitting approximately 38 percent below its January levels, making this one of the more consequential software prints of the summer for investor sentiment across the entire enterprise AI sector. Analysts are forecasting earnings per share of $3.13 and revenue of roughly…