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Davos Takes a Deep Breath as Trump Holds Off Starting Trade Wars
The global elite in Davos woke up Tuesday breathing a sigh of relief after President Donald Trump concluded his first day in office only talking about trade wars rather than starting any. Bloomberg) — The global elite in Davos woke up Tuesday breathing a sigh of relief after President Donald Trump concluded his first day…
Pentagon reveals secret space weapons are already in orbit — but won’t say what they do
Air Force Secretary Troy Meink said the Space Force now has ‘on-orbit space control weapons’ but declined to describe them The U.S. has weapons orbiting Earth that can be used to defend American forces from attacks in space, the Air Force secretary revealed this week in a rare public acknowledgment of capabilities the Pentagon has…
- Breaking News | News | Russia
Russia arrests Wall Street Journal reporter and accuses him of espionage
Evan Gershkovich could face up to 20 years in prison as FSB says he was ‘collecting classified information’ Russian authorities have arrested a US journalist working in the country and accused him of espionage, a charge that carries a maximum prison sentence of 20 years. Russia’s FSB security service said Evan Gershkovich, a well respected…
First Republic: JP Morgan snaps up major US bank
JP Morgan Chase has taken over the troubled US bank First Republic in a deal brokered by regulators. The Wall Street giant said it would pay $10.6bn (£8.5bn) to the Federal Insurance Deposit Corp (FIDC), after officials shut down the smaller bank. First Republic had been under pressure since last month, when the collapse of…
Shares of US banks drop after S&P downgrades some ratings
Aug 22 (Reuters) – Shares of several U.S. banks fell on Tuesday, the day after ratings agency S&P Global followed Moody’s in cutting its credit ratings on some regional lenders with high commercial real estate (CRE) exposure. S&P’s action will make borrowing more costly for a banking sector aiming to recover from a crisis earlier…
Weekly Update by Mark Armstrong – April 4, 2025
Greetings from Tyler, Trump has got everybody running for cover. We thought we were going to have to watch this country go down the tubes! We were just hoping we wouldn’t be here to see it. That’s all changed now. All over the world they’re jumping around, suddenly willing to negotiate. The news is…
