Union Pacific, Norfolk Southern Explore Cross-Continental Railroad Merger, Source Says
July 18 By Sabrina Valle Union Pacific, the largest U.S. freight railroad operator, is exploring a possible acquisition of Norfolk Southern to create a $200 billion coast-to-coast rail network, a person familiar with the matter said. Talks are in early stages, the person said, with…
US Military to Remove 2,000 National Guard Troops From Los Angeles
July 16 By Idrees Ali and Phil Stewart U.S. Defense Secretary Pete Hegseth has ordered the removal of half of the 4,000 National Guard troops who had been sent to Los Angeles to protect federal property and personnel during a spate of protests last month,…
BlackRock Shares Slump Even as Assets Hit Record $12.5 Trillion on Market Rally
July 15 By Anirban Sen and Ateev Bhandari BlackRock’s assets under management hit a new high in the second quarter as global markets rallied, but its shares tumbled as much as 7% after a large Asian institutional client pulled money from an index strategy. During…
Analysis-Despite Tariffs, It’s Still America First for Asia’s Legacy Automakers
July 14 By Hyunjoo Jin Toyota and Hyundai Motor may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it’s America first for Asia’s legacy automakers. Trump’s tariffs on imported…
Bitcoin Tops $120,000 for the First Time
July 13 By Rae Wee Bitcoin crossed the $120,000 level for the first time on Monday, marking a major milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Starting on Monday, the U.S. House of Representatives…
Trump Announces 35% Tariffs on Canada
July 12 By Ismail Shakil U.S. President Donald Trump on Thursday announced a 35% tariff rate for goods imported from Canada, starting August 1.
US Again Halts Cattle Imports From Mexico Over Flesh-Eating Screwworms
July 11 By Tom Polansek The flesh-eating livestock pest New World screwworm has advanced closer to the U.S. border with Mexico, the U.S. Department of Agriculture said, prompting Washington to block imports of Mexican cattle just days after it allowed them to resume at a…
Car Import Quotas, Export Credits on Table for EU-US Trade Talks, Sources Say
July 10 By Christoph Steitz Brussels is discussing with U.S. counterparts a range of measures aimed at protecting the European Union’s auto industry from steep U.S. import duties, including tariff cuts, import quotas and credits against the value of EU automakers’ U.S. exports, industry sources…
More Than 2,000 Senior Employees Expected to Depart From NASA, Politico Reports
July 9 By Abu Sultan Around 2,145 senior-ranking employees at the U.S. National Aeronautics and Space Adminstration are set to leave under a push to shed staff, Politico reported on Wednesday citing documents obtained by the news outlet. Most employees leaving are in GS-13 to…
Trump Media Launches TV Streaming Platform With Newsmax Channel Globally
July 7 by Jaspreet Singh Trump Media & Technology Group launched its TV streaming platform, Truth+, globally on Monday, featuring the cable channel Newsmax to support the company’s expansion. The move also allows conservative news outlet Newsmax, which went public in March, to increase its…
BRICS Leaders to Call for Data Protections Against Unauthorized AI Use
July 6 By Reuters Leaders of the BRICS group of developing nations will call for protections against unauthorized use of artificial intelligence (AI) to avoid excessive data collection and allow mechanisms for fair payment, according to a draft statement seen by Reuters. The diplomatic bloc…
Will the United States succeed in taking over Greenland?
July 5 By Hank Folly This is the third attempt in modern history. The prospect of the United States joining an ice island the size of half of Europe is an exciting issue for many countries around the world. In the event of a successful…