Washington Financial News
06.07 / 15:55
UPS
Twitter
FIVE
Reuters
Platform
Apple
After hitting 18-month high ahead of launch, Meta stock edges lower even as millions sign up on Threads
Elon Musk-owned Twitter, which has seen a series of potential competitors emerge but not yet replace one of social media's most iconic companies, despite its recent struggles. The Threads app went live on Apple and Android app stores in 100 countries and will run with no ads for now. "10 million sign ups in seven hours," Zuckerberg wrote on his official Threads account on Thursday.
06.07 / 14:15
COST
UPS
FIVE
Manufacturing
Strategy
Rescue
Beleaguered baby formula maker turns to US, Beijing for rescue
Bubs Australia says it will turn a profit in two years, pinning its hopes on Washington DC and Beijing permitting its Melbourne factory to directly supply those markets.
06.07 / 09:53
UPS
Target
Reuters
Diodes
Beijing's curbs on niche metal exports threaten China supply glut
BEIJING (Reuters) — China faces a growing surplus of two strategic metals if Beijing restricts exports, industry players said, weighing on domestic prices even as overseas prices of the thinly traded minerals jumped this week.
06.07 / 09:53
06.07 / 09:53
Twitter
NASDAQ
DOW
Platform
Fed minutes, Threads unveiling, Yellen's China visit - what's moving markets
Investing.com — Minutes from the Federal Reserve's latest meeting fuel expectations that the central bank will likely hike interest rates at its July gathering. Elsewhere, Meta launches its new social media platform Threads as chief executive Mark Zuckerberg takes aim at Elon Musk's Twitter, while Treasury Secretary Janet Yellen heads to China in a bid to ease tensions between Washington and Beijing.
06.07 / 08:41
Twitter
Platform
Khalistanis plan anti-India rally in London on July 8, UK says ‘completely unacceptable’
A poster promoting a Khalistan ‘Kill India’ rally outside the Indian high commission in London on July 8 has surfaced on social media. The announcement of this rally comes just a few days after the Indian consulate in San Francisco, US, was set on fire by Khalistani supporters.
06.07 / 07:57
NIFTY
SENSEX
Indian
Indian shares close flat as auto, consumer stocks offset slide in financials
Indian shares were little changed on Wednesday as a rise in auto and consumer stocks offset the slide in high-weightage financials. The Nifty index settled 0.05% higher at 19,398.50, while the S&P BSE Sensex fell 0.05% to 65,446.04. Both the indexes had hit all-time highs at each of the four previous sessions.
06.07 / 06:55
UPS
Aware
Manufacturing
TikTok
MAT
adult
NOT
You May Have Adult ADHD, but Not Because TikTok Says So
More people are aware of adult ADHD, often thanks to videos and posts about it that they see on TikTok and Instagram. Doctors say that’s helped more people get treatment, but not everyone who feels distracted has ADHD. At St.
06.07 / 06:07
UPS
Manufacturing
Earth
Rare earth stocks surge amid U.S.-China trade war fears
Investing.com — Rare earth mining stocks saw strong gains this week after China announced some export curbs on chipmaking metals to the U.S., raising concerns that the country could leverage its rare earth dominance in a trade war with Washington.
06.07 / 05:33
COST
UPS
FIVE
Extreme
Manufacturing
Fighting
The West Again Learns That War Needs Industry
Behind the deadly front lines where Ukrainian and Russian soldiers are locked in combat, a less-noticed life-or-death battle is raging to keep troops supplied with arms and ammunition. The side that loses that fight is the one that will lose the war. It is a lesson Washington is relearning.
06.07 / 04:53
UPS
Twitter
Manufacturing
FLEX
Biden is heading to South Carolina to show his economic agenda is keeping even red states humming
President Joe Biden is heading to South Carolina to make the case that his economic agenda is helping keep even red states humming
06.07 / 01:47
Citi
MAIL
Discover
Flushing
Cocaine found at White House was in area for visitors
Cocaine discovered at the White House was left in an area frequently used by visitors on tours — and not while President Joe Biden and his family were on the premises, officials said Wednesday. The White House sought to get the highly unusual story under control as details emerged of the drug's discovery Sunday in one of the most carefully guarded buildings in the world.
05.07 / 21:05
UPS
Citi
Provident
Citizens
‘Why Do I Have to Pay Taxes on That?’ Wrongfully Detained Americans Face Bills, Fines and Fraud Back Home
When Washington Post correspondent Jason Rezaian was released from Iran after 544 days of imprisonment, he said his welcome home came with bills of $20,000 for unpaid taxes, late payment penalties and interest. Rezaian had given his brother power of attorney to manage his affairs while he was abroad—but that power didn’t allow his brother to submit tax returns on his behalf. “There was no pause button for wrongful detention," Rezaian said.
05.07 / 19:51
05.07 / 19:51
05.07 / 18:43
COST
UPS
VISA
Waters
FCRA hinders educational collaboration with US: US-India task force
India finalises it foreign varsity regulations, a US-India task force report has identified foreign exchange restrictions in India and tight US visa rules as key barriers to greater educational and research collaboration between the two countries. «Compliance with India's Foreign Contribution Regulation Act (FCRA) has been...(a) major impediment for US universities attempting to work in India,» said the interim task force report on expanding US-India partnerships prepared by Association of American Universities (AAU).
05.07 / 08:45
Provident
Assurant
IMF board to meet on July 12 to review Pakistan's loan agreement
IMF's executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday. The Pakistan government and the International Monetary Fund (IMF) reached a long-awaited staff-level agreement on June 29 to inject USD 3 billion into the ailing economy after months-long negotiations that pushed the country to the brink of default.
05.07 / 05:45
Provident
Yellow
Mysterious white powder found at White House confirmed to be cocaine
White House over the weekend and it has been confirmed to be cocaine, according to reports from United States media outlets. The powder was found in a publicly accessible area of the West Wing on Sunday evening and prompted a brief evacuation of the complex. President Joe Biden was not present at the time, as he was enjoying a weekend retreat at Camp David.
05.07 / 03:03
Target
Reuters
Progressive
Manufacturing
CEO
Action
Micron
restrictions
China's restrictions on chip-making materials are 'just the start', warns ex-vice minister
Reuters. If restrictions targeting China's high-technology sector continue then countermeasures will escalate, Wei said. Meanwhile, according to Wall Street Journal, China set export restrictions on two minerals the US says are critical to the production of semiconductors, missile systems and solar cells, a show of force ahead of economic talks between two rivals that increasingly set trade rules to achieve technological dominance.
05.07 / 02:47
Discover
Cocaine found at the US White House; All you need to know
A cocaine-like substance was found inside the US Presidential complex on Sunday which led to the temporary closure of the White House on Sunday, The Washington Post reported. The white powder substance was discovered in the West Wing of the White House. The West Wing is an area attached to the executive mansion where the president lives and includes the Oval Office, cabinet room, and press area, along with offices and workspace for the president's advisers and staff.
04.07 / 19:33
latest developments in Washington
What is the current situation in Washington?
In Washington, the spotlight is on socially significant developments that spark public discussion.
Where can I find reliable news about Washington?
We publish verified updates about the situation in Washington, based on information from regional journalists.
What shapes the media agenda in Washington?
The news landscape of Washington is shaped by major cultural and social events, reflecting its local way of life.
