FHFA leader targets the Federal Reserve
In a determined attempt to shake things up, Bill Prute, the Director of the Federal Housing Finance Agency, has taken to social media in a significant way. Over the course of just a day, he’s made multiple posts advocating for the resignation of Jerome Powell, the Chairman of the Federal Reserve. This situation, while perhaps […]
Gold investors appear hesitant due to strong U.S. dollar influenced by the Federal Reserve.
Gold prices are expected to rise during Asian sessions, but sustained buying may not follow. Uncertainties in trade and increasing geopolitical tensions support the demand for safe-haven assets like gold. The Federal Reserve’s hawkish stance has pushed the USD to a weekly high, limiting gold’s gains against the dollar. Gold prices (XAU/USD) saw some interest […]
Federal judge plans to reject Trump administration’s request to dismiss lawsuit regarding wind project restrictions
Federal Judge Rejects Trump’s Motion in Wind Energy Lawsuit A federal judge in Massachusetts announced on Wednesday that he would reject a request from the Trump administration to dismiss a lawsuit concerning a blockage of a wind energy project. This legal challenge, led by New York Attorney General Leticia James, involves 17 states and Washington, […]
Appeals panel temporarily removes ruling that classified Trump’s dismissal of the federal employee labor board leader as illegal
Federal Appeals Court Halts Trump’s Attempt to Dismiss FLRA Chair A federal appeals court panel issued a temporary order on Wednesday, allowing President Trump to remove the Democrat-appointed head of the Federal Labor Relations Agency (FLRA). The decision comes as Trump contends that the dismissal was unjust. The panel of three judges from the U.S. […]
Trump criticizes Powell and hints at appointing himself to the Federal Reserve
President Trump has suggested ramping up his criticism of Federal Reserve Chairman Jerome Powell and expressed a desire to join the central bank himself. “Maybe I should go to the Fed,” Trump speculated from the White House on Wednesday, just hours before the Fed was set to announce its latest decision on interest rates. “Am […]
New Senate bill addresses issues in federal measures to prevent Chinese land purchases near military installations
New Efforts to Block Land Purchases Near US Military Bases Three years back, a flaw in US regulations allowed the Chinese to almost secure land near military installations, notably close to Grand Forks Air Force Base in North Dakota. Currently, Senate Republicans are advocating for a new bill, the “Protect Our Bases Act.” This legislation […]
Sean ‘Diddy’ Combs’ defense reduces timeline in federal racketeering case
Diddy Trial Update Prosecutors in Sean “Diddy” Combs’ federal trial announced on Tuesday that they might suspend the case before the weekend, nearly six weeks into the proceedings. Diddy’s legal team informed Judge Arun Subramanian that they would need only two to five days to present their defense. This shift in timing has led some, […]
Mayor Brandon Johnson cautions Trump not to send federal troops to enforce immigration laws in Chicago.
Chicago Mayor Raises Concerns Over Potential Federal Forces On Monday, Chicago Mayor Brandon Johnson expressed his worries about the potential deployment of federal forces in the city, relating to President Donald Trump’s immigration policies. He described the move as unconstitutional and hinted at the possibility of legal challenges. During a press conference at city hall, […]
Chinese Migrant Pretended to be Federal Marshal to Defraud Elderly Victim of $400K
An Alabama resident, originally from China, has been arrested for allegedly scamming an elderly American out of her life savings. Xiahezhati Xiaokelaiti, a 23-year-old who was reportedly in the U.S. on an expired student visa, was taken into custody on Friday. Authorities allege that he swindled nearly $400,000 from the victim in just three weeks. […]
Stock futures remain mostly stable as the Federal Reserve’s rate decision approaches: Live updates
US Stock Futures and Market Trends On June 17, 2025, a trader was on the floor of the New York Stock Exchange. This Tuesday night, US stock futures were hovering around the flatline. Futures for the Dow Jones Industrial Average slipped by 7 points, which is about 0.02%. The S&P 500 Futures had a minor […]