Washington Financial News

Bullseye American Ingenuity Fund portfolio manager Adam Johnson discusses whether the stock market sell-off will last on Varney & Co.

SINGAPORE—China’s defense minister sought to assuage fears of confrontation between the Chinese and American militaries a day after the U.S. defense chief did the same, part of an effort to manage tensions between the two global powers in a turbulent environment. He also warned Washington against testing Beijing’s limits on its core interests, in a sign of how delicate and tentative the rapprochement remains.

Ripple CEO Brad Garlinghouse recently predicted that Solana ETF is inevitable following the SEC’s approval of Bitcoin and Ethereum ETFs.

Asia-Pacific version of NATO through its Indo-Pacific strategy to maintain its hegemony in the region, a Chinese defence official has said, stressing that Washington's attempt to serve its «selfish» geopolitical interest is «doomed to fail». The remarks by Lieutenant General Jing Jianfeng, deputy chief of staff of the Joint Staff Department of the Central Military Commission, came in response to US Secretary of Defence Lloyd Austin's speech during the Shangri La Dialogue on Saturday in which he spoke about strengthening alliances and partnerships across the region.

Zelenskiy met heads of state and legislators in Singapore late on Saturday and early on Sunday, seeking security assistance and support for a peace summit after arriving for a surprise visit to the Shangri-La Dialogue.

Nayib Bukele, on a trip to Washington, snubbing the self-proclaimed “world's coolest dictator" for fear a photo op would embolden his attempts to expand his power base. A little more than three years later, it's the United States that's courting Bukele. A high-level delegation led by U.S.

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year

mother of Michelle Obama who moved with the first family to the White House when son-in-law Barack Obama was elected president, has died.

WASHINGTON: U.S. President Joe Biden on Friday laid out a three-phase ceasefire proposal from Israel to Palestinian Islamist group Hamas to end the war in Gaza that has killed tens of thousands and caused a humanitarian crisis. The offer calls for a ceasefire, the release of Israeli hostages and Palestinian prisoners, and the reconstruction of Gaza.

Washington, DC [US]: President Joe Biden announced on Friday that Israel has proposed a «comprehensive new proposal» that provides a roadmap to a ceasefire in the ongoing war with Hamas in Gaza and securing the release of all hostages held by the terrorist group, CNN reported. According to Biden, the proposal, transmitted by Qatar to Hamas, outlines a «roadmap» towards a ceasefire. The initial phase, spanning six weeks, involves a «full and complete ceasefire with the withdrawal of Israeli forces from all populated areas of Gaza» and «release of a number of hostages including women, the elderly, the wounded in exchange for the release of hundreds of Palestinian prisoners.»

Singapore: US Defense Secretary Lloyd Austin said Saturday the Indo-Pacific region remained a «priority» for Washington, saying the United States was secure «only if Asia is». Lloyd made the remarks at a major security forum in Singapore, a day after he met with his Chinese counterpart Dong Jun. «The United States can be secure only if Asia is and that's why the United States has long maintained its presence in this region,» Austin told the Shangri-La Dialogue, which in recent years has become a barometer for US-China relations.

Federal health regulators are set to review the first request to approve the mind-altering club drug MDMA as a treatment for PTSD

U.S. President Joe Biden approved Ukraine using U.S. weapons to strike targets inside Russia that were attacking the Ukrainian city of Kharkiv, after Kyiv sought authorization from Washington in recent weeks, U.S. Secretary of State Antony Blinken confirmed on Friday. Speaking at a news conference in Prague after an informal meeting of NATO foreign ministers, Blinken did not specifically say whether Biden's authorization could expand to include other Russian cities and targets that are deeper inside Russia. He said Washington's move, a marked change in policy by Biden, who had steadfastly refused to allow Ukraine to use American weaponry for strikes inside Russia, was a result of U.S. strategy of adjusting and adapting to the battleground. Now, he said, the U.S. is responding to what it has seen in and around the Kharkiv region.

The Supreme Court has given homeowners another chance to force Bank of America and other large banks to pay interest on mortgage escrow accounts

The Supreme Court has cleared the way for a National Rifle Association lawsuit against an ex-New York state official over claims she pressured companies to blacklist it following the 2018 Parkland, Florida, school shooting

The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said in a downgrade from its previous estimate

Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Justice Department to prevent and prosecute alleged collusion and price-fixing in the oil industry

New York will enhance security measures for the upcoming T20 Cricket World Cup in June, particularly for the India-Pakistan match, following reports of potential threats. Governor Kathy Hochul announced on X that her team is collaborating with federal and local law enforcement to ensure attendee safety, stating that there is «no credible threat at this time.» «While there is no credible threat at this time, I’ve directed @nyspolice to elevate security measures & we’ll continue to monitor as the event nears,» the governor said. The India-Pakistan game scheduled for June 9 at Eisenhower Park stadium in Nassau County, New York. The T20 Cricket World Cup will be held from June 1-29. Matches will be played in nine stadiums across the West Indies and the United States. In the inaugural match, hosts United States take on Canada. Despite no credible threat being identified, heightened security measures will be implemented. An NYPD bulletin, cited by ABC News, cited pro-ISIS propaganda specifically mentioning the India-Pakistan match. The online post is said to be linked to an ISIS splinter group, the Washington Post reported.

JPMorgan Chase, has shared his morning routine. In an interview with the Wall Street Journal, Dimon was asked how he starts his day and spoke about the newspapers he reads to catch up with US and global events."I wake up usually at 4:35 am.

Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation

FTAs)," US Ambassador to India Eric M. Garcetti said in an interview. "But I do think that there's an openness in Washington to advance a discussion about preferential trade between our countries.