JEROME
Democrats’ Senate win could shield Federal Reserve from Trump’s influence, but risks persist
Democrats’ midterm victory could strengthen the Federal Reserve’s independence by limiting President Donald Trump’s ability to appoint allies to its board. A Democrat controlled Senate could also intensify scrutiny of Fed Chair Kevin Warsh, with Elizabeth Warren likely to lead the Senate Banking Committee and challenge the administration’s banking reforms.
Vizhinjam port receives first import container, marks new milestone
Vizhinjam International Seaport has received its first import container, marking a significant operational milestone. The container was shipped from Ningbo, China, and will support the construction sector. Import processes will now occur directly at the seaport, improving efficiency for local businesses. This new system is expected to enhance revenue retention and create job opportunities in related sectors. Overall, this marks the expansion of Vizhinjam's role as a direct service port.
A teacher’s maternity leave side hustle made $125,500. Now her old worksheets still earn thousands
A kindergarten teacher turned a maternity leave side hustle into a business that generated $125,500 in 2022. Her online store sells educational worksheets to other teachers, and some of the resources she created years ago continue to bring in thousands of dollars in income.
Fed expected to pause rate hikes ahead of US midterms
The US Federal Reserve's upcoming meeting is expected to result in steady interest rates. High inflation continues to challenge economic policies, with rates anticipated to rise later this year. The Federal Open Market Committee will analyze data amidst political considerations ahead of the midterm elections. Analysts believe that while inflation remains a concern, a cautious approach will likely be taken.
US midterm election 2026: How Air Force One has become Donald Trump's most potent trump card in upcoming polls
US midterm elections 2026: President Donald Trump is surrounded on these trips by White House and external consultants making strategic choices for the midterms. The goal of Trump's travel over the past month has been to help Republicans keep control of Congress.
Who's on Air Force One? Trump's midterms entourage includes strategists, aides and aging athletes
President Donald Trump is actively campaigning across the United States aboard Air Force One to support Republican candidates. He travels with a diverse entourage including aides, Cabinet members, and celebrities. High-profile passengers such as Mike Tyson and Floyd Mayweather Jr. have joined him on some flights. Trump's travel aims to strengthen Republican positions in upcoming elections. His entourage provides strategic advice and reinforces his messaging at rallies.
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Fed expected to hold rates steady days ahead of US midterms
The US Federal Reserve appears set to hold interest rates steady at its meeting next week, analysts say, despite stubbornly high inflation and with markets pricing in at least one rate hike before year-end. The Fed has missed its long-term two-percent target for inflation for more than five years, and at its last meeting in September the FOMC voted to raise the key federal funds rate for the first time in three years, lifting the target range to 3.75 percent to 4.0 percent.
Albrecht Dürer, the Nuremberg-born artist whose self-portrait at 13 still survives in Vienna and whose prints helped spread Renaissance art across Europe
Albrecht Dürer’s 13-year-old self-portrait survives nearly 550 years later, revealing the early talent of the German Renaissance artist who transformed printmaking and influenced European art. Dürer also wrote influential books on art, measurement and perspective, helping shape how artists studied and created art.
Israeli firm used online ads to run vast spy operation, researchers say
Discover-Tech, an Israeli digital advertising agency, faces serious allegations of orchestrating user surveillance via harmful ads. Research teams from Citizen Lab and Confiant uncovered alarming evidence that these ads not only tracked individuals but also facilitated spyware deployment. With implications affecting hundreds of millions, including entities like the Pentagon and Al Jazeera, major platforms like Google have halted Discover-Tech's services.
India beat Qatar 3-2 to enter quarterfinals of men's volleyball in Asian Games
In a thrilling encounter, the Indian men's volleyball team triumphed over Qatar with a close 3-2 win at the Asian Games. This hard-fought victory marks their third straight win, securing a slot in the quarterfinals. After trailing by two sets, India made a remarkable comeback, thanks to Jerome Vinith's stellar performance with 27 points, along with strong support from Amit Singh Balwan and Joel Benjamin Jebaraj.
Chicago dug 60 miles of freight tunnels under the Loop in 1899 and forgot them; in 1992, a damaged wall let the river in, and losses topped $1 billion
Chicago's forgotten freight tunnels were constructed to ease street congestion, acting as essential channels for coal and parcels. However, neglect set in, tarnishing their initial purpose. A pivotal moment came in 1992 when a structural failure led to severe flooding, revealing the dire need for strict infrastructure management. Now, only a handful of these tunnels are still in operation, highlighting the ongoing necessity for vigilant maintenance of urban facilities.
There's a reason Trump is the only one talking about 1% interest rates
President Donald Trump is calling for the Federal Reserve to slash interest rates to 1%, a move that analysts fear could destabilize global markets. With mortgage rates and the prices of essential goods surging, the administration is under fire for rising inflation as midterm elections draw near. Some allies are backing Fed Chair Kevin Warsh despite Trump's demands, while polls show economic concerns are pivotal for voters this election cycle.
War, runaway AI and climate shocks will take center stage as world leaders meet at UN
World leaders gather at the United Nations amid numerous global conflicts and escalating crises. Artificial intelligence concerns are now a central focus for the international body. The UN faces significant reform challenges and financial difficulties this year. Key leaders will address issues like climate change and global economic shocks. This pivotal meeting aims to reaffirm multilateralism and international cooperation.
In the early 1900s, Jerome was a booming mining town of nearly 15,000; after commercial mining ended in 1953, its population fell to roughly 400
In the 1880s, Jerome experienced a rapid population increase thanks to lucrative copper mining opportunities. Thousands flocked to this bustling community on Cleopatra Hill, creating a viable town. However, unstable conditions from underground activities led to challenges. The subsequent decline in copper prices and the onset of the Great Depression caused many to leave, but national recognition and community efforts later helped safeguard Jerome's heritage.
'In our lane': Fed's Warsh defies Trump but still fighting for credibility
US Federal Reserve chair Kevin Warsh delivered the interest rate hike this week that many economists think surging inflation required, defying President Donald Trump -- but questions about the central bank chief's credibility linger. The White House insists that any inflation is due to the previous administration, with Trump advisor Kevin Hassett saying earlier this week that there was no need for a rate hike to tackle it.
Trump may not see another rate cut as president
The Federal Reserve has made headlines by increasing its policy rate target range, amid calls from President Trump for lower interest rates within the country. Market analysts are now predicting further increases in the coming months, influenced by ongoing geopolitical issues and inflation worries. Such dynamics hint that interest rates might remain high for the foreseeable future.
Life advice of the day by the winner of World War II, Winston Churchill: ‘An appeaser is one who feeds a crocodile, hoping it will...’ — Can unshakeable resolve save us from catastrophic surrender? Lessons on courage, compromise, fear, conflict, and knowing when to stand firm?
Life Advice of the Day by Winston Churchill: “An Appeaser Is One Who Feeds a Crocodile, Hoping It Will Eat Him Last”, addresses the destructive habit of trading fundamental principles for short-term tranquility. Spoken during the dark early months of the Second World War, the warning exposes how passive concession rarely satisfies an aggressive force and instead guarantees greater demands later. The statement serves as a clear lesson against avoiding necessary confrontation in personal, professional, and civic life.
Trump calls Fed board ‘very political’ and ‘doing the wrong thing’ after first rate hike in 3 years
Trump has renewed pressure on the Federal Reserve, demanding rates of 1% or lower shortly after the central bank raised its benchmark rate to 3.75%-4% to tackle persistent inflation. The move has put Fed Chair Kevin Warsh, Trump’s own appointee, in the spotlight, as Warsh defended the hike and warned that inflation remains too high. The clash also highlights tensions over the Fed’s independence, with Trump linking interest rates to US trade deficits and continuing his broader criticism of officials he has appointed.
Fed raises rates despite Trump pressure, signals another hike likely in 2026
In a bid to tackle ongoing inflation, the US Federal Reserve has raised interest rates by twenty-five basis points. Policymakers are predicting at least one additional hike in the upcoming months. As inflation affects various sectors, the Fed is working towards achieving its two percent goal. This move is likely to generate discontent from President Donald Trump.
US Market: Fed’s Warsh faces tough rate call as inflation remains sticky
Federal Reserve Chair Kevin Warsh is under pressure to balance persistent inflation with calls from President Donald Trump for lower or unchanged interest rates. Markets expect the Fed to raise rates at Wednesday’s meeting as inflation remains above its 2% target. The Fed’s preferred inflation gauge rose to 3.7% in July from 2.3% in April 2025, while core inflation increased to 3.3%, reinforcing concerns over continued price pressures.
Dalal Street faces a double whammy of Fed rate hike, soaring bond yields. Are Sensex and Nifty heading for a bigger crash?
Dalal Street faces pressure from rising US bond yields and expectations of a Federal Reserve rate hike, raising concerns over equity valuations and foreign flows. However, analysts say the impact may depend on earnings growth, currency movements and global liquidity, with some arguing that higher yields need not necessarily trigger a sharp market correction.
Decision Day Guide: Fed seen hiking interest rates in defiance of Trump
The Federal Reserve is expected to raise interest rates for the first time since 2023, responding to persistent inflation and recent hotter-than-expected data. The move could strain Chairman Kevin Warsh’s relationship with President Donald Trump. Policymakers may signal further hikes, while dissenting views within the Fed could complicate Wednesday’s decision.
Quote of the day by Seneca: 'Enjoy present pleasures in such a way as not to injure future ones.' Life lessons from inspiring quote on mindful moderation, reckless indulgence, peace, discipline, self-control, foresight and happiness
Quote of the day by Seneca, “Enjoy present pleasures in such a way as not to injure future ones,” focuses on moderation, self-control and foresight. The saying does not reject happiness or pleasure. Instead, it asks people to consider how present choices can affect future health, peace, stability and well-being. Seneca’s Stoic thought suggests that lasting happiness comes from enjoying life without creating problems for tomorrow.
Trump the economist gets this one right
Donald Trump advocates for the world's lowest interest rates, citing America's strong credit standing. However, global central banks face rising inflation, making rate cuts unlikely. Trump's trade policies and geopolitical actions have contributed to this inflationary pressure. He may influence future rate decisions after Jerome Powell's departure from the Fed.
Quote of the day by Lena Headey: 'Freedom isn’t free at all, that it comes with the highest of costs. The cost of blood.' Life lessons from inspiring quote on privileges, achievement, true strength, hard work, courage and sacrifice
Quote of the day by Lena Headey highlights the link between freedom, sacrifice and courage. Spoken by Headey as Queen Gorgo in the 2006 film 300, the saying explains that freedom can come with a human cost. It also offers lessons about appreciating rights, understanding sacrifice, standing up for others, working for important goals and recognising the effort needed to protect peace, safety and independence.
Billionaire Brewers owner Mark Attanasio ordered to give up $2million property after Malibu ‘stolen’ sand dispute. Here's what happened
Milwaukee Brewers owner Mark Attanasio is facing a major setback in his Malibu beach dispute after California officials approved a settlement requiring his company to dedicate a roughly $2 million beachfront property for public use. The agreement follows allegations that heavy machinery was used to remove sand, cobble stones and boulders from Broad Beach.
'This is the test': All eyes on US Fed to tackle high inflation
The US Federal Reserve goes into a key rate-setting meeting this week with markets expecting policymakers to pull the trigger on a rate hike to tackle persistently high inflation -- and analysts say central bank chief Kevin Warsh's credibility is on the line. In recent weeks, however, several Fed policymakers -- including Warsh himself -- have hinted that if inflation does not show clear signs of slowing, the central bank will have to act by raising interest rates.
Aswath Damodaran calls Fed rate debate pointless, says stock market adapts quickly to higher rates
Aswath Damodaran argues that the Federal Reserve’s interest-rate debate is overemphasized, saying corporate earnings and fundamentals will ultimately drive US stocks. Rising Treasury yields, $40 trillion debt and inflation fears remain concerns, but stronger earnings have helped equities remain resilient.
Trump's latest threat just baffled one and all, but it could turn out to be a major gift to Fed's Kevin Warsh
President Trump’s remarks about US interest rates in relation to trade sparked confusion among market experts. Fed Chair Kevin Warsh, though, can use this opportunity to reinforce his independence. By pushing for a rate hike, Warsh could enhance his reputation and insulate himself from the perception of White House's influence, while also reaffirming the Fed's commitment to controlling inflation.
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