Trump admin freezes $2.2b in funding after Harvard rejects...
Trump admin freezes $2.2b in funding after Harvard rejects demands. The oldest and richest university in the US refused to accept policy changes proposed by the Trump administration, which threatened to withhold $9 billion in federal funding over what it considers the school’s insufficient response to antisemitism. In a letter to the Harvard community, the university’s president said it “will not surrender its independence or relinquish its constitutional rights,” saying the government was unlawfully trying to dictate teaching and operations at Harvard. Hours later, the administration said it was freezing $2.26 billion in grants and contracts for Harvard. The response stands in contrast to fellow Ivy League university Columbia, which has agreed to several demands in hopes of getting federal funding restored.
Authorities say the man charged with starting a dangerous fire at the Pennsylvania governor’s mansion planned to attack Gov. Josh Shapiro with a hammer if he found him there.
Mark Zuckerberg testified as the trial for the FTC’s antitrust case against Meta over its purchases of Instagram and WhatsApp began yesterday.
Pfizer said it would end development of its daily weight loss pill after a patient reported liver damage.
A graduate student with a green card who organized pro-Palestinian protests at Columbia University was arrested by immigration officials while attending a US citizenship interview. His lawyer said he was detained “in direct retaliation” for his activism.
Southern California was shaken by a 5.2-magnitude earthquake near San Diego yesterday.
Vice President JD Vance nearly dropped Ohio State’s national championship football trophy during a White House celebration of the Buckeyes’ win but recovered from the fumble of his home state’s hard-won hardware.
Crude futures eke out modest gains in an up-and-down session, with U.S....
Crude futures eke out modest gains in an up-and-down session, with U.S. tariff relief on electronic goods helping and a 150,000 barrels-a-day cut in OPEC’s demand growth outlook weighing on prices. “The diverging picture between inventories and global demand may drive volatility in crude oil markets for some time,” Kenny Zhu of Global X says in a note. “This is keenly exhibited by the disconnect between near-term supply/demand dynamics and expected demand.” WTI settled up 3 cents at $61.53 a barrel, and Brent rises 0.2% to $64.88 a barrel.
Dow ends up 300 points as U.S. stocks rise after Trump's weekend tariff reprieve
U.S. stocks ended higher on Monday, as investors weighed...
U.S. stocks ended higher on Monday, as investors weighed the Trump administration’s decision late Friday to exempt certain electronic devices from tariffs. However, President Donald Trump said on Sunday that such a reprieve is temporary.
The Dow Jones Industrial Average rose 312.08 points or 0.8% to end at 40,524.79, according to Dow Jones Market Data.
The S&P 500 went up 42.61 points or 0.8% to finish at 5,405.97.
The Nasdaq Composite advanced 107.03 points or 0.6% to close at 16,831.48.
US shale producers face crisis as crude prices drop
The recent 12% drop in US oil prices, triggered by President Donald Trump's...
The recent 12% drop in US oil prices, triggered by President Donald Trump's trade war with China, poses a significant threat to US shale producers. Many companies, particularly in Texas, are struggling to break even as prices fall below necessary levels, leading to fears of idled rigs and potential bankruptcies.
US will no longer require green analysis on thousands of oil, gas leases
The Interior Department has scrapped a requirement for the Bureau of...
The Interior Department has scrapped a requirement for the Bureau of Land Management to conduct environmental impact statements for roughly 3,244 oil and natural gas leases across seven western states. The decision reverses a Biden-era directive issued in response to legal challenges from environmental groups and a court mandate for additional environmental review.
