Washington Financial News
28.09 / 18:01
markets
Man
Fighting
film
stars
Schools
Sporting
A six-pack on Ganesh is absolutely cool
Ganesh Chaturthi when I noticed not so much our favourite pachyder-man sporting a washboard stomach instead of his standard potbelly, but the loud negative response from many quarters to this anatomical metamorphosis. Outraged by this well-toned Ganesh, many went about complaining how such a depiction of the Great Roly-Polyglot was emblematic of the aggression and belligerence that New India/New Hindu India extols. As if having a hot bod a la Brad Pitt in Fight Club is synonymous with wanting to pick a fight. Some, including card-carrying, curd-eating atheists, even quoted the Mudgala Purana — where the deity is described in his Lambodara (Potbellied) and Mahodara (Great Bellied) forms — to underline the travesty. For them, this was a gross misrepresentation that smacked of reverse body-shaming.
28.09 / 14:17
MET
economy
pandemic
President
International
Facing a possible strike at US ports, Biden administration urges operators to negotiate with unions
Top Biden administration officials met with port operators ahead of a possible strike at East and Gulf coast ports, with a union contract set to expire late Monday
28.09 / 06:45
UPS
MET
President
War
reports
Relationships
Trump, meeting with Zelenskyy, says he has ‘good relationship’ with Putin
Ukrainian President Volodymyr Zelenskyy met face-to-face with Donald Trump Friday with public tensions rising between the two over Ukraine’s defense against Russia’s invasion.
28.09 / 05:57
COST
Provident
Target
economy
President
show
reports
Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts
The Federal Reserve’s preferred inflation measure provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts
28.09 / 05:19
markets
Universities
country
audience
information
reports
Schools
In global game of influence, China turns to cheap and effective tool: fake news
Kurt Campbell travelled to the Solomon Islands to counter Beijing's influence in the South Pacific country, he quickly saw just how far China would go to spread its message. The Biden administration's Asia czar woke up one morning in 2022 to a long article in the local press about the US running chemical and biological labs in Ukraine, a claim that Washington calls an outright lie. Started by Russia, the false and incendiary claim was vigorously amplified by China's vast overseas propaganda apparatus. It was another example of «clearly effective Russian and Chinese disinformation,» Campbell told the Senate Foreign Relations Committee in July. Two years later, the claim still reverberates online, demonstrating China's sprawling effort to reshape global perceptions.
27.09 / 22:03
UPS
economy
wellness
President
show
reports
Interviews
Richmond Fed president urges caution on interest rate cuts because inflation isn't defeated
A Federal Reserve official says he supports reducing the central bank’s key interest rate somewhat from its current level
27.09 / 22:03
27.09 / 11:01
markets
COST
Manufacturing
NVIDIA
President
Universities
Department
Behind OpenAI's audacious plan to make AI flow like electricity
Sam Altman, CEO of OpenAI, started pitching an audacious plan that he hoped would create the computing power his company needed to build more powerful artificial intelligence. In meetings with investors in the United Arab Emirates, computer chip makers in Asia and officials in Washington, he proposed that they unite on a multitrillion-dollar effort to erect new computer chip factories and data centers across the globe, including in the Middle East. Though some participants and regulators balked at parts of the plan, the talks have continued and expanded into Europe and Canada. OpenAI's blueprint for the world's technology future, which was described to The New York Times by nine people close to the company's discussions, would create countless data centers providing a global reservoir of computing power dedicated to building the next generation of AI.
27.09 / 05:51
markets
UPS
economy
President
show
reports
Department
US economy grew at a solid 3% rate last quarter, government says in final estimate
The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said, leaving its previous estimate unchanged
27.09 / 05:51
COST
Action
Cybercrime
Trade
President
Department
Cryptocurrency exchange network accused of helping Russia hit with sanctions
A network of people and virtual currency exchanges associated with harboring Russian cybercrime have been hit with sanctions in a government-wide crackdown on cybercrime
27.09 / 00:13
Aviat
Airlines
Boeing
recommendations
prevention
Investigations
International
Safety board says pedals pilots use to steer Boeing Max jets on runways can get stuck
Federal safety investigators are making urgent recommendations to Boeing and the Federal Aviation Administration to prevent certain 737s from veering off the runway after landing
26.09 / 16:07
UPS
Citi
Gap
Experts
cover
reports
China’s newest nuclear submarine sank, setting back its military modernization
Subscribe to enjoy similar stories. WASHINGTON : China’s newest nuclear-powered attack submarine sank in the spring, a major setback for one of the country’s priority weapons programs, U.S. officials said.
26.09 / 13:03
Provident
Assurant
wellness
President
War
Biden directs billions more in weapons to Ukraine ahead of Zelensky meeting
Subscribe to enjoy similar stories. WASHINGTON : President Biden on Thursday directed that Ukraine receive the remaining $5.5 billion worth of American weapons and equipment previously authorized by Congress, underlining his commitment to Kyiv’s cause ahead of his meeting Thursday with President Volodymyr Zelensky at the White House. The administration’s announcement also includes separate funding of about $2.4 billion through what’s known as the Ukraine Security Assistance Initiative, which will provide Ukraine with air defenses, drones and other weapons that over the long term will help to sustain its military needs.
26.09 / 01:13
markets
UPS
Manufacturing
economy
Opinion
wellness
Will Donald Trump's plans throw the US economy into a recession? Here's what Kamala Harris has to say
US economy is now becoming the biggest topic for both the US Presidential candidates, Donald Trump and Kamala Harris, as both of them are attacking each other on their respective economic plans. Harris, in her interview with MSNBC, has now thrown an allegation at Trump, stating that his economic plans could easily bring the US economy at the brink of a devastating recession. This is a rather scary statement for the Americas, as US recession fears are continuing to linger on, which has affected the stock markets as well, and has forced the US Fed Reserve to issue a whopping 50 bps interest rate cut to slow down the impending recession.
25.09 / 22:13
Provident
Election
Nov
Bill
stage
rights
House passes temporary bill to avoid shutdown as lawmakers punt spending decisions to December
The House has passed a temporary spending bill that would keep federal agencies funded when the new fiscal year begins next Tuesday while punting final decisions on spending for the next budget year until after the Nov. 5 election
25.09 / 15:35
Software
hospital
prevention
Updates
CrowdStrike executive apologizes to Congress for July global tech outage
An executive at cybersecurity company CrowdStrike apologized in testimony to Congress for sparking a global technology outage over the summer
25.09 / 14:29
markets
BLOCK
Apple
Justice
Department
Features
Courts
U.S. Justice sues Visa in antitrust case over debit card markets
The United States Department of Justice sued Visa Inc., alleging the global payments giant illegally monopolized the debit card market, in the Biden administration’s first major antitrust case in the financial services industry.
24.09 / 22:33
24.09 / 10:55
UPS
BLOCK
Trade
PVH
rights
Investigations
China says it will investigate fashion firm PVH for suspected boycott of Xinjiang products
China's Commerce Ministry says it will investigate the fashion company PVH, which owns brands like Tommy Hilfiger and Calvin Klein, for suspected violations of trade rules
24.09 / 10:55
Cooper
Research
donates
Schools
Courts
Investigations
Relationships
Former FTX executive Caroline Ellison faces sentencing
A former top executive in Sam Bankman-Fried’s fallen FTX cryptocurrency empire faces the possibility of years in prison when she is sentenced Tuesday for fraud
24.09 / 06:43
markets
COST
Remark
Election
social
Videos
After JD Vance’s egg price blunder, Donald Trump takes to Pennsylvania grocery store, vows to tackle rising costs
Donald Trump visited Sprankle’s Neighborhood Market in Kittanning, Pennsylvania, on Monday as part of his campaign. Engaging with customers, Trump promised to lower grocery prices if he wins the election. He was captured on video giving $100 to a local mother of three for her groceries, stating, “We’ll take care of that for you from the White House.” Handing over the money, he remarked, “Here, it’s gonna go down a little. It just went down 100 bucks.” The woman responded with gratitude, saying, “Thank you so much,” and Trump replied, “We’ll do that for you from the White House, alright?”
what's happening 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 reliable reports about the situation in Washington, based on information from trusted sources.
What shapes the media agenda in Washington?
The news landscape of Washington is shaped by the region’s internal dynamics, reflecting its local way of life.