Trump Inaugural Impersonators Scammed Donors Out of $250,300 in Cryptocurrency, Federal Authorities Say July 4, 2025 – Federal prosecutors have uncovered a sophisticated scam targeting donors to the Trump-Vance Inaugural Committee, with perpetrators impersonating committee officials to steal over $250,300 in cryptocurrency. The U.S. Department of Justice (DOJ) filed a civil complaint on July 2, … Read more
Microsoft announced layoffs affecting 830 employees in its home state of Washington, part of a larger reduction of approximately 9,000 jobs worldwide, representing about 4% of its global workforce of 228,000 as of June 2024. The layoffs, reported on July 2, 2025, and effective August 31, 2025, impacted various roles, including cloud solution architects, game … Read more
July 2, 2025 – Tesla (TSLA) released its Q2 2025 vehicle production and delivery report, announcing 384,122 vehicles delivered globally, a 13% decline from the 444,000 delivered in Q2 2024. The company produced 410,244 vehicles, including 396,835 Model 3 and Model Y units and 13,409 other models, such as the Cybertruck, Model S, and Model … Read more
On Tuesday, July 1, 2025, Bay Area commuters experienced an unexpected benefit: free rides across multiple transit systems due to a widespread outage of the Clipper Card system, the region’s all-in-one fare payment method. The disruption affected major transit agencies, including Bay Area Rapid Transit (BART), San Francisco Municipal Transportation Agency (Muni), Caltrain, and others, … Read more
Federal Reserve Chairman Jerome Powell spoke at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, on July 1, 2025, at 9:30 a.m. ET (3:30 p.m. IST). The panel, moderated by Bloomberg’s Francine Lacqua, focused on the global economy amid policy shifts, featuring Powell alongside ECB President Christine Lagarde, Bank of England … Read more
Trump Threatens to Cut NYC Federal Funding if Zohran Mamdani Wins Mayoral Race Washington, D.C., June 29, 2025 — President Donald Trump escalated his attacks on New York City’s Democratic mayoral candidate Zohran Mamdani, threatening to withhold federal funding if the 33-year-old democratic socialist is elected mayor in November 2025. In a Fox News interview … Read more
On June 27, 2025, U.S. District Judge Wendy Beetlestone in Philadelphia rejected President Donald Trump’s motion to dismiss a defamation lawsuit filed by the Exonerated Five, formerly known as the Central Park Five, marking another setback for Trump’s legal efforts. The lawsuit, filed by Yusef Salaam, Raymond Santana, Kevin Richardson, Antron McCray, and Korey Wise, … Read more
Federal Reserve Chair Jerome Powell Testifies Before Senate Banking Panel Amid Tariff and Rate Cut Debates Washington, D.C., June 27, 2025 — Federal Reserve Chair Jerome Powell delivered his semiannual monetary policy testimony before the Senate Banking, Housing, and Urban Affairs Committee on June 25, 2025, addressing critical issues like inflation, interest rates, and the … Read more
Prague, June 23, 2025, 8:39 PM IST – Federal Reserve Governor Michelle Bowman expressed support for an interest rate cut at the Federal Open Market Committee (FOMC) meeting on July 29-30, 2025, provided inflation pressures remain subdued. Speaking in Prague on June 23, Bowman noted that President Donald Trump’s proposed tariffs are likely to have … Read more
Federal Reserve Governor Christopher Waller indicated that the central bank could begin cutting interest rates as early as July 2025, provided inflation continues to ease and economic data remains favorable. In a CNBC “Squawk Box” interview on June 20, 2025, Waller stated that he does not expect tariffs proposed by the Trump administration to significantly … Read more