Tag:

POTUS

Title: Man Charged with Murder in West Virginia National Guard Shooting

by Priya Shah – Business Editor November 28, 2025

written by Priya Shah – Business Editor

A‍ man suspected ‌of fatally ‍shooting a National Guard member ‌in Maryland is expected to face murder charges,‍ a U.S. attorney announced Monday. The suspect, identified‌ as⁣ 38-year-old Kristofer Kelley of Owings Mills, allegedly shot 21-year-old Ethan Rivera on Sunday in‌ baltimore County.

The shooting has prompted heightened security concerns and a swift response from law enforcement, as authorities investigate the ⁣motive behind the⁣ attack and its potential connection to the victim’s military service. Rivera was off-duty at the time of the shooting, and the incident has shaken the Maryland National Guard community. Kelley‍ is currently in custody and further details regarding the⁣ charges are anticipated.

According to a ⁣statement from U.S. Attorney Erek Barron, Kelley will be charged with first-degree murder and other related offenses.The shooting ⁤occurred around 5:30⁤ p.m. Sunday in‌ the 7700 block of Liberty⁢ Road in‌ Randallstown, Maryland.‍

Baltimore County ⁢Police responded to reports of a⁣ shooting and found Rivera with a gunshot wound. He was ⁣transported ⁢to⁤ a local ⁢hospital where he later died. Kelley was apprehended shortly after ⁣the incident following⁣ a search⁤ involving multiple law enforcement agencies.

“We are committed to ensuring that justice is⁣ served in this case,” Barron said in a press release. “The ⁤loss of a young life‍ is always tragic,and we extend our deepest condolences to the Rivera family.”

The maryland National Guard confirmed ⁤rivera was a member of the 175th Cyber Operations ⁢Group. Maryland Governor Wes ‍Moore ordered flags to be flown at half-staff in honor of Rivera.

The examination is ongoing,⁣ and authorities are urging anyone with information to come ⁣forward. The case is‍ being prosecuted by ⁣the U.S. Attorney’s ‌Office for the District of Maryland.

November 28, 2025 0 comments

Business

Trading Day: Bulls in charge ahead of Turkey Day

by Priya Shah – Business Editor November 27, 2025

written by Priya Shah – Business Editor

NEW YORK, Nov 22 (Reuters) – ⁢U.S. stocks surged on Wednesday,‌ propelled by strong ‌earnings reports and growing optimism about a potential Federal Reserve pivot, as investors positioned themselves ahead of the Thanksgiving holiday.

The Dow⁢ Jones Industrial Average climbed 330.99 points, or 0.97%, to 34,347.76, the S&P 500 gained 1.03% to 4,559.34,and the Nasdaq Composite rose 1.37% to 14,250.98.‌ All ⁤three major indexes posted their largest daily percentage gains in over a month.

Investor sentiment was boosted‍ by better-than-expected earnings from companies like Best Buy ⁢and Hewlett Packard Enterprise, signaling resilience in consumer spending and corporate performance. Simultaneously,minutes from the Federal ‍Reserve’s latest policy meeting indicated a willingness to consider slowing the pace of interest⁤ rate hikes,fueling speculation that the central bank may be⁢ nearing the end of its tightening cycle. This shift in expectations sent bond yields lower and provided further support for equities.

“The market is interpreting ⁤the Fed minutes as possibly dovish, suggesting a slower pace of rate ⁢hikes,” said⁣ Robert Pavlik, senior portfolio manager at Dakota Wealth Management. “Combined with‍ solid‍ earnings, this is creating a positive feedback loop.”

The energy sector lagged, ⁣falling 0.8%, as ‍oil prices declined amid concerns about global demand. ⁣Though, technology stocks led the gains, with companies like Apple‌ and Microsoft⁤ contributing considerably to the Nasdaq’s advance.

Trading volume is expected to be lighter than usual on Wednesday and Friday due to the Thanksgiving holiday. Investors will be closely watching economic data releases next week, including the Personal Consumption Expenditures (PCE) ⁢price index, for further‌ clues about the Fed’s future policy path.

November 27, 2025 0 comments

World

Trump urged Japan to avoid escalation in China dispute, sources say

by Lucas Fernandez – World Editor November 27, 2025

written by Lucas Fernandez – World Editor

WASHINGTON, Nov 16 (Reuters) – Former U.S.President Donald trump privately cautioned Japanese officials against escalating tensions with China over the potential release of treated wastewater from the Fukushima nuclear plant, according to sources familiar with the discussions. Trump’s advice, delivered during recent conversations, underscored concerns about the economic fallout for Japan shoudl relations with its largest trading partner deteriorate.

The warnings from Trump come as Japan has begun releasing the water, a move approved by the International Atomic Energy Agency (IAEA) but strongly condemned by China, which has imposed a blanket ban on all seafood imports from Japan. The situation presents a delicate diplomatic and economic challenge for Japan, balancing its alliance with the United States against its crucial economic ties with China. The potential for broader trade disruptions and regional instability is notable, prompting Trump to urge a cautious approach, sources said.

Trump reportedly emphasized the importance of maintaining stable trade relations with China,suggesting Japan explore avenues for de-escalation and dialogue. He highlighted the potential for significant economic damage to Japan if China were to further retaliate against the wastewater release, according to individuals briefed on the conversations.

The former president’s intervention reflects his continued interest in international affairs and his established rapport with foreign leaders, even after leaving office. While not currently holding a formal position, Trump remains a powerful voice within the Republican party and a potential future presidential candidate.

Japan initiated the release of the treated water in August, asserting it is indeed a necessary step in decommissioning the Fukushima plant, which was crippled by a massive earthquake and tsunami in 2011. The IAEA has consistently affirmed the plan meets international safety standards and has a negligible radiological impact. However, China maintains the release is unsafe and irresponsible, fueling diplomatic friction and impacting Japanese seafood exports.

November 27, 2025 0 comments

Business

TRADING DAY Fed optimism, Thanksgiving week

by Priya Shah – Business Editor November 26, 2025

written by Priya Shah – Business Editor

U.S. stocks climbed on Wednesday, fueled by growing⁢ optimism that the Federal ⁣Reserve ‍may soon ⁤begin cutting interest rates, alongside the typically slower trading volumes‍ associated with the Thanksgiving week.

The Dow Jones Industrial ⁣Average rose 30 points, while the S&P 500 gained 0.3% and the Nasdaq Composite advanced 0.5%. Investors⁤ are parsing recent economic data and comments from Fed officials for clues about the timing and pace of ‍potential rate reductions. Market participants are currently pricing in a roughly 70% chance of a rate cut by the Fed’s March meeting, according to the ‌CME FedWatch tool.This week’s weaker-than-expected manufacturing data and a drop in consumer⁢ confidence‌ have bolstered expectations for a more dovish stance from the central bank.Trading volume ⁢was light, a common characteristic ‌during the week of Thanksgiving, perhaps amplifying market movements.

The focus on potential Fed policy shifts comes as investors assess the overall health of the U.S. ‍economy. ‍While inflation remains above the Fed’s 2% target, recent data suggests it is indeed cooling, prompting ⁢speculation that the central bank might potentially be nearing the end of its tightening cycle. The next key economic‌ indicator will be the Personal Consumption Expenditures (PCE) price index, ⁤due out ⁢later this month, wich is the Fed’s preferred measure of inflation. A softer-than-expected PCE reading could‌ further ⁤strengthen the case for rate cuts.

November 26, 2025 0 comments

Business

TRADING DAY Reanimated about December Fed cut

by Priya Shah – Business Editor November 25, 2025

written by Priya Shah – Business Editor

Stocks Rally as Traders Bet‍ on ⁤Early Fed Rate Cuts

NEW YORK, Dec 13 ⁤- U.S. stocks⁣ surged on ⁤Wednesday,⁣ fueled by growing conviction that the Federal Reserve ⁢will‌ begin cutting interest rates as early as March, perhaps easing pressure on the⁣ economy and ⁣boosting‌ corporate earnings.‌ The Dow Jones Industrial Average closed up 348.94 points, or 0.97%, at 36,170.13, while the S&P 500 gained 1.41% to 4,604.37. ‍The Nasdaq Composite led gains, jumping 1.80% to ‍14,353.05.

The dramatic shift in ⁢expectations follows softer-than-expected inflation data ⁣released tuesday and comments from Fed officials⁢ suggesting⁤ a willingness to consider rate cuts sooner⁢ than previously anticipated. traders now ⁣assign a roughly 70% probability to a‌ rate cut by the ⁣March meeting, ‌according to the CME FedWatch tool,‌ a significant jump from below 30% just‍ days ago. This pivot has triggered a broad-based rally, benefiting growth stocks especially sensitive to interest rate movements.

“The market is pricing in a much more dovish Fed than ‌we thought even a week ago,” said Michael Green, portfolio manager at Simplify Asset ⁢Management.”The combination of cooling inflation and a ⁤resilient economy is⁤ creating a Goldilocks scenario that investors are eager to capitalize‌ on.”

The yield on the 10-year Treasury note fell sharply to 4.13%, further supporting risk assets. Technology stocks saw substantial gains, with Apple rising 1.8%, Microsoft adding 2.1%,and Amazon climbing 2.4%.⁣ Financials also benefited from‌ the prospect of ⁢lower⁢ borrowing costs, with ‌JPMorgan Chase up 1.3%.

However, analysts caution that the rally may be overextended and vulnerable to a correction if economic data surprises to the‍ upside or Fed ⁤officials push back against the aggressive pricing of rate cuts. The Fed is scheduled to hold its next policy meeting December 12-13, and ‍while no rate changes are expected at this‌ meeting,‌ the accompanying economic projections and chair Jerome Powell’s press conference ⁤will be closely scrutinized for further clues about the ⁣central bank’s future path.

The market’s reaction underscores ‌the sensitivity to inflation data and Fed policy⁤ signals.⁣ Investors will be closely watching upcoming reports ⁤on employment, ⁢consumer spending, and manufacturing ‌activity for further confirmation of ‌the disinflationary trend. A sustained easing‍ of inflationary pressures ‍would likely solidify expectations for early rate⁢ cuts, potentially setting the stage for a⁤ continued rally in the new year.

November 25, 2025 0 comments

Health

Exclusive: Americans waiting for Obamacare subsidies delay or drop health insurance

by Dr. Michael Lee – Health Editor November 24, 2025

written by Dr. Michael Lee – Health Editor

Millions of Americans are ⁢delaying or forgoing health insurance ‍coverage despite being eligible ‍for significant subsidies⁣ under the Affordable⁢ Care ⁢Act (ACA),a Reuters examination⁤ has found. the delays, stemming from persistent issues with the Biden ⁣administration’s rollout of enhanced financial assistance, are leaving individuals uninsured and potentially facing ‌notable medical ⁢debt.

The problems center⁤ on inaccurate ⁣income ⁢projections used to calculate subsidy amounts, leading‍ to⁤ unexpectedly⁤ high premiums⁤ for some ⁤and delayed ⁣processing for others. while the administration ⁢aimed ‌to make health⁢ insurance more affordable, the ‍flawed implementation is creating new barriers to‍ access, particularly‍ for lower-income individuals⁣ and families.⁤ This disruption threatens to undermine ‌the⁢ ACA’s ⁢goal of expanding coverage and could have ripple effects‌ on the healthcare ⁣system and upcoming elections.

the issues began surfacing ⁤in early ⁤2024 as⁤ Americans began enrolling in‍ plans ⁤for the current year. Many discovered their expected monthly premiums were far higher than anticipated after⁣ the government underestimated their income, resulting in reduced subsidies. Others experienced significant delays – some‍ waiting months – for their applications to be processed,leaving them without‌ coverage during critical periods.

“I was shocked when ⁣I saw ⁢the premium,” said Maria ⁤Rodriguez,⁢ a self-employed ⁤graphic designer in‍ Phoenix, Arizona. “It was almost ⁤$600 a month, even with the subsidy. I just couldn’t afford it, so I had to let my coverage lapse.” Rodriguez,who earns $35,000 annually,had previously received a subsidy that lowered her monthly premium to around $150.

The ⁢Centers for Medicare‌ & ‌Medicaid Services (CMS), which oversees⁤ the ACA marketplaces, ‍acknowledged the ⁤problems and attributed them to “unforeseen challenges”⁤ related to the implementation of the enhanced subsidies authorized by the Inflation Reduction act. A CMS⁢ spokesperson stated the agency is “working diligently” to resolve the issues and has implemented several fixes, including increased staffing and‌ improved data processing.

Though, interviews with ‌over ⁤two dozen individuals, insurance brokers, and healthcare advocates reveal the problems persist. ⁣Brokers report‍ spending ⁤hours‍ on hold with CMS trying to resolve ⁢discrepancies in ⁤subsidy calculations.Advocates are fielding a ⁢surge of calls ⁤from frustrated consumers facing ‌coverage⁣ gaps or ⁣unaffordable premiums.

“We’re seeing a lot of people who are ⁤eligible for significant subsidies‍ but are getting stuck in a bureaucratic nightmare,” said Sarah Miller, a healthcare ‌advocate with the non-profit ‌group Families ‌USA. ”It’s incredibly disheartening, especially for those who have been uninsured⁢ in the past and were finally able to get coverage through the ACA.”

The‌ delays and inaccuracies are particularly concerning given the⁤ upcoming ‍November⁣ elections. Healthcare remains a top issue for ⁣voters, and the Biden ‌administration’s handling of the⁣ ACA could become ‍a focal point of political debate.

According to data analyzed‌ by Reuters,approximately 2.5 million Americans are currently receiving enhanced subsidies through the Inflation Reduction Act. ⁣The number of individuals affected by the implementation issues is difficult to determine precisely,⁤ but brokers and advocates estimate‌ it could be⁣ in⁣ the tens of thousands.

CMS officials say they are committed to ensuring all eligible Americans receive ⁢the financial⁤ assistance they deserve. They are urging consumers⁢ experiencing problems to contact their⁢ insurance brokers or the HealthCare.gov call center for assistance. ‍However, ‍for many, the damage ⁤is already done, leaving⁢ them vulnerable to financial hardship and without the ⁣peace of mind that comes with health insurance coverage.

November 24, 2025 0 comments

Newer Posts

Older Posts