Posts by Swedan Margen
Gold edges higher as soft US data lifts safe-haven demand
Published Thu, Jun 5, 2025 · 09:24 AM [BENGALURU] Gold prices nudged higher on Thursday (Jun 5), as weaker-than-expected US economic data spurred demand for safe-haven assets, while market participants also assessed persistent global economic and political uncertainties. Spot gold was up 0.1 per cent at US$3,377.79 an ounce, as at 0007 GMT. US gold…
Read MoreTrump, citing national security concerns, signs new travel ban for 19 countries
President Trump issued a new broad travel ban Wednesday on 12 countries and a partial ban on seven others, saying the U.S. doesn’t have enough confidence in their systems to be able to prevent national security risks from sneaking in. Source link
Read MoreSupreme Court won't block release of officers' names who attended 'Stop the Steal' rally
The Supreme Court on Wednesday refused to block a state court ruling that would reveal the names of Seattle police officers who were investigated for attending President Trump’s Jan. 6, 2021 “Stop the Steal” rally. Source link
Read MoreTrump issues proclamation to block new foreign students from studying at Harvard
President Trump issued a proclamation Wednesday night ordering his government to deny entry to the U.S. for any new foreign students who plan to study at Harvard University, saying the school has become a security risk. Source link
Read MoreTrump orders DOJ probe of Biden aides commandeering the autopen
President Trump Wednesday ordered Attorney General Pam Bondi to investigate the Biden administration’s use of the autopen and alleged actions by aides to hide President Biden’s cognitive decline, amid reports Mr. Biden was mentally checked out while his advisers ran the country. Source link
Read MoreSenate Republicans want to reopen SALT deal but worry about House margins
Senate Republicans are considering whether to lower the House-proposed $40,000 cap on the federal deduction for state and local taxes, known as SALT, as they work on changes to President Trump’s “big, beautiful bill.” Source link
Read MoreWhite House pushes back on CBO estimate that Trump bill could add $2.4T to deficit
Office of Management and Budget Director Russell Vought on Wednesday pushed back on new analysis by the nonpartisan Congressional Budget Office concluding President Trump’s massive tax and immigration bill could add $2.5 trillion to the deficit over the next decade. Source link
Read MoreMercedes, BMW step up response to China export curbs to avoid shortages
[FRANKFURT] Automakers in the US and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production. Mercedes-Benz Group and BMW are in talks with suppliers to prevent shortages of components containing these materials, with the former discussing stockpiling certain items. Meanwhile, Ford Motor said it’s…
Read MoreOil settles 1% lower after US data shows large builds in fuel stocks
[HOUSTON] Oil prices settled down just over 1 per cent on Wednesday after US data showed surprisingly large build in petrol and diesel inventories, swelling fuel supplies with Opec+ planning more output and trade tensions clouding the energy demand outlook. Brent crude futures closed down 77 cents, or 1.2 per cent, at US$64.86 a barrel. US…
Read MoreGoing green in a multi-polar world
BY HOW much has the world progressed in climate mitigation and abatement? A cursory look may be disheartening. 2024 was the hottest year on record; it was the first calendar year when temperatures rose by 1.55 degrees Celsius above pre-industrial level. At the same time, geopolitical crises drove demand for fossil fuels; economic uncertainty also cast…
Read More16 Beachy, Breezy, and Bride-Approved Gifts for Summer Brides-to-Be
Image Credit: Adobe Stock What’s more exciting than a sun-kissed celebration where love blooms like a wildflower and the scent of the ocean dances in the air? For every summer bride-to-be, the journey to the altar is paved with dreams of beauty and unforgettable moments. There’s no better way to make those dreams come true…
Read MoreJudge orders due process for illegal immigrants deported to El Salvador's terrorist prison
A federal judge on Wednesday ruled that the government violated the due process rights of illegal immigrants when it speedily ousted them to El Salvador’s terrorist prison, and he ordered the government to belatedly allow them to challenge those already carried out deportations. Source link
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