Author: Press Room

Gold hit another all-time high as warnings from Federal Reserve Chief Jerome Powell about the impact of the trade war fuelled volatility on Wall Street, leading to sharp declines in stocks and the dollar.Bullion rose as much as 0.4 per cent to $US3357.78 ($5283.85) an ounce on Thursday, before paring gains.The metal added 3.5 per cent on Wednesday in its biggest one-day gain since March 2023, as the dollar fell to a fresh six-month low.Traders were again whiplashed by a slew of tariff headlines, while Mr Powell quelled hopes the Fed would act quickly to soothe investors, highlighting the unpredictability…

Mohammad Yousuf Dar and his wife, Shameema, sit cross-legged in front of their loom, deftly tying consecutive knots to create the floral patterns of the famed Kashmiri carpets that are now threatened by the Trump administration’s sweeping global tariffs. Genuine hand-knotted Kashmiri carpets are typically made from pure silk, and sometimes pure wool. Generations of artisans have for centuries handed down the craft to ensure its survival, and while the carpets are expensive, most craftspeople can barely make ends meet. “I just help my husband so that we have a modicum of decent income to run our household,” Shameema, 43,…

Welcome to the Fox News Politics newsletter, with the latest updates on the Trump administration, Capitol Hill and more Fox News politics content.Here’s what’s happening…-Third top DOD staffer Collin Carroll on administrative leave-New bipartisan tax proposal could give your family more money-Grassley, Johnson press DOJ IG to respond on whether ‘untasked’ undercover agents were present on Jan. 6Boasberg V. TrumpA federal judge said Wednesday that he has found probable cause to hold the Trump administration in contempt for failing to return two planes deporting migrants to El Salvador last month, a major update that comes as tensions between the Trump…

A 10-year-old from San Bernardino, Calif., is a month away from graduating with two associate degrees from Crafton Hills College.She will be the youngest to ever graduate from the Yucaipa-based community college, according to Inland Empire Community News. Her final GPA will be “close” to a 4.0.Alisa Perales began taking classes when she was only 8 years old and will have just turned 11 at the time of the graduation ceremony.  WHY ARE CHILDREN FALLING BEHIND IN MATH AND READING? Students graduate from Crafton Hills College in Yucaipa, CA. (Rachel Luna/MediaNews Group/The San Bernardino Sun via Getty Images)”It’s very fun…

The Bank of Canada on Wednesday decided to hold its benchmark interest rate steady, a move that could affect homeowners and prospective buyers across the country. According to a recent Royal LePage report, 1.2 million mortgages will be up for renewal in Canada this year.Royal LePage CEO Phil Soper told Global News that the Bank of Canada’s decision to hold interest rates at 2.75 per cent on Wednesday pumped the brakes on a cycle of declining interest rates.“We’re in a period of declining interest rates, but as the Bank of Canada decision today to hold things steady showed, we’re near…

“Ahhhh stability” – or at least a little relative stability – was welcomed back to the markets this week.The ASX this week saw some sanity and volume return to trading with the ASX finishing up 1.3 per cent, after a Monday morning sell-off fuelled by Friday losses from the escalating China-United States trade war.Following China’s retaliatory export restrictions on rare earth elements used in defence, energy and automotives – of which China controls some 97 per cent of production for the majority – US President Donald Trump launched a probe into the need for tariffs on critical minerals this week.Underestimating…

FanDuel Sports Network Braves reporter Wiley Ballard got some backlash for asking a woman for her phone number during an on-air report at a game Monday night.  But not everyone found Ballard’s actions to be inappropriate, including veteran sideline reporter Olivia Harlan Dekker. The daughter of legendary broadcaster Kevin Harlan and wife of NBA player Sam Dekker said the Ballard incident is being blown out of proportion.  Bally reporter Wiley Ballard, left, interviews Ozzie Albies of the Atlanta Braves after a game against the Cleveland Guardians at Truist Park April 26, 2024, in Atlanta. (Kevin D. Liles/Atlanta Braves/Getty Images)Some of those…

Islamabad, Pakistan – In the cavernous hall of the Jinnah Convention Centre in Islamabad, Pakistan’s Prime Minister Shehbaz Sharif hailed the country’s diaspora as the “pride of the nation,” lauding them for their “unmatched contribution” to the country they have left. And it wasn’t just talk. Speaking to an audience of more than 1,000 expatriates who had gathered to participate in the Overseas Pakistanis Convention on April 15, Sharif also promised a range of benefits that he said his government would launch to help them. These include special courts for overseas Pakistanis so their legal disputes are resolved faster than they…

U.S. District Judge James Boasberg threatened on Wednesday to find the Trump administration in criminal contempt of court for defying a court order to return Venezuelan migrants en route to a Salvadoran prison last month — possibly setting the stage for an unprecedented showdown between President Trump and the judicial branch.Boasberg, who said the government “deliberately flouted” his orders, warned if the administration doesn’t change course, he could hold hearings, recommend criminal charges and hire a private attorney to prosecute the case if the Department of Justice refuses.Why could Judge Boasberg hold the Trump administration in contempt of court?In a…

A wool industry leader has said the Prime Minister would be “putting his money where his mouth is” should he emulate the New Zealand Government’s decision to increase wool use in government buildings.