A former Cornell University student who accused fraternity members of gang raping her in 2024 has become the target of online efforts to unmask her, prompting an outpouring of digital solidarity from women posting that they are Jane Doe, Reuters reported. Cornell Lawsuit Sparks Criminal Reinvestigation and Online Unmasking Attempts The woman, who was 20 … Read more
According to reports from reuters.com, US equities climbed on Friday, sending the Nasdaq Composite to an all-time high, as Treasury yields dropped and the likelihood of a near-term rate increase diminished following disappointing jobs data, while a decline in oil prices further bolstered the risk-on atmosphere. Nasdaq Hits Record High on Labor Department Jobs Report … Read more
Global Powers Coordinate Emergency Diesel Release to Combat Surging Fuel Prices The Group of Seven nations agreed on Friday to release 100 million barrels of emergency reserves to cool surging diesel prices linked to the ongoing war in Iran, cnbc.com reported. In a joint statement, G7 leaders announced that the drawdown will begin immediately and … Read more
U.S. nonfarm payrolls likely increased by 90,000 in September while the unemployment rate remained at 4.1% for the third consecutive month, according to a Reuters survey of economists. Reuters reported that the anticipated moderation follows an August surge of 162,000 jobs, which analysts attribute largely to government seasonal adjustment models. Economists project slower September payroll … Read more
Global bonds experienced a heavy selling round that pushed borrowing costs in the United States, France, and Britain to multi-decade highs, driven by surging energy costs, strong economic growth, and massive artificial intelligence investments that have intensified competition for capital. The U.S. 10-year Treasury yield climbed to 5.34% on Thursday, its highest level since April … Read more
The Trump administration is slowing export licensing for commercial airplane parts bound for China to gain an advantage in trade negotiations, according to people familiar with the matter. Reuters reported that the U.S. Department of Commerce has also weighed a draft rule that would make it easier to restrict landing gear and other aircraft components. … Read more
Sources indicate that Iran is organizing a more extensive and powerful retaliation should the United States restart large-scale military strikes, even as it persists with diplomatic efforts that Iranian officials privately believe are unlikely to be successful. “We do not know what is going on in the minds of Trump and Netanyahu,” Major General Yahya … Read more
The Trump administration has told Germany and France to draw down emergency diesel inventories to help ease global fuel prices or face a potential U.S. diesel export ban, three people close to the discussions told Reuters on October 1. The warning marks an escalation of pressure on Europe as U.S. President Donald Trump considers curbing … Read more
Factory activity across Asia expanded in September, driven by surging global demand for chips and artificial intelligence-related goods, according to private surveys released on October 1. Export powerhouses South Korea, Taiwan, and Japan saw manufacturing growth that offered relief to policymakers tracking energy cost pressures stemming from the US-Israeli war on Iran. South Korea Sees … Read more
The Federal Reserve’s Inspector General stated on Wednesday, Sept. 30, that an evaluation of the central bank’s headquarters renovation found no grounds for criminal referral or administrative misconduct. Despite this conclusion, President Donald Trump responded by calling for former Federal Reserve chief Jerome Powell to resign from the central bank’s Board of Governors or face … Read more