Dollar General is shaking off tariff fears and winning over higher-income consumers

Dollar General’s shares surged nearly 16% after it raised its sales and earnings outlook, driven by increased spending from middle- and higher-income shoppers amid tariff fears. The retailer beat expectations for revenue and earnings in the first quarter, with net sales now expected to grow 3.7% to 4.7%. CEO Todd Vasos said the company reduced its reliance on China to minimize tariff impacts and has … Continue reading Dollar General is shaking off tariff fears and winning over higher-income consumers

Wells Fargo Stock Rises as Fed Lifts Asset Cap After 7 Years

The Federal Reserve has lifted the $1.95 trillion asset cap on Wells Fargo, imposed after a 2016 fake accounts scandal. This marks a major milestone for CEO Charles Scharf, who has focused on cleaning up past issues since 2019. The removal reflects the bank’s progress in addressing regulatory concerns and allows Wells Fargo to pursue growth, especially in investment banking. While the asset cap is … Continue reading Wells Fargo Stock Rises as Fed Lifts Asset Cap After 7 Years

Trump slams GOP Sen. Rand Paul for opposing ‘big, beautiful bill’

President Trump sharply criticized Sen. Rand Paul after Paul opposed the Trump-backed budget bill’s $5 trillion debt ceiling increase. Paul called the hike irresponsible and said he wouldn’t support it, though he supports the tax cuts and spending cuts in the bill. Trump accused Paul of misunderstanding the plan and labeled him as a habitual “no” voter with no practical ideas, urging Republicans to back … Continue reading Trump slams GOP Sen. Rand Paul for opposing ‘big, beautiful bill’

Trump formally asks Congress to claw back approved spending targeted by DOGE

The White House has asked Congress to rescind $9.4 billion in previously approved spending, targeting programs criticized by Elon Musk’s Department of Government Efficiency (DOGE) for promoting liberal agendas. This rescission requires congressional approval and, if passed, would cement many of DOGE’s proposed cuts amid Musk’s strong opposition to the current tax and spending plan, which he called a “disgusting abomination” for worsening the federal … Continue reading Trump formally asks Congress to claw back approved spending targeted by DOGE

Mongolia’s prime minister resigns amid protests over reports of son’s lavish spending

Mongolia’s Prime Minister Oyun-Erdene Luvsannamsrai resigned after failing a parliamentary vote of confidence, receiving only 44 votes out of the 64 needed. The vote followed protests sparked by reports of lavish spending by his son and public dissatisfaction. Oyun-Erdene, who had been in office for four years, warned that political instability could threaten Mongolia’s young democracy. The country, transitioning from its communist past, faces challenges … Continue reading Mongolia’s prime minister resigns amid protests over reports of son’s lavish spending

Dutch PM calls election after coalition collapse

The Netherlands will hold new elections after Prime Minister Dick Schoof’s coalition government collapsed when far-right leader Geert Wilders withdrew his Party for Freedom (PVV) ministers over disputes on migration policy. Wilders demanded stricter asylum controls, including border closures and deportations, which coalition partners rejected. Schoof’s government will continue in a caretaker role, but a snap election is expected in several months. The collapse comes … Continue reading Dutch PM calls election after coalition collapse

South Korea’s opposition leader Lee Jae-myung wins presidential election

South Korea’s opposition leader Lee Jae-myung won a snap presidential election with 49.42% of the vote, defeating conservative Kim Moon Soo. Lee will be sworn in immediately, skipping the usual transition period, following the impeachment of former president Yoon Suk Yeol over a failed martial law attempt. Lee, from the Democratic Party, faces key challenges including reviving the economy and managing U.S. trade negotiations. Though … Continue reading South Korea’s opposition leader Lee Jae-myung wins presidential election

Judge denies Karen Read another mistrial in killing of boyfriend

Judge Beverly Cannone denied a mistrial request from Karen Read’s defense during her second murder trial for the death of her boyfriend, John O’Keefe. The defense sought a mistrial after prosecutors, for the first time, introduced O’Keefe’s sweater and questioned a defense expert about the absence of dog DNA on it, challenging the defense’s claim that dog bites caused injuries on O’Keefe’s arm. Prosecutors allege … Continue reading Judge denies Karen Read another mistrial in killing of boyfriend

3 young sisters found dead after being reported missing in Washington, police searching for father

Three young sisters in Washington—Paityn (9), Evelyn (8), and Olivia Decker (5)—were found dead after going missing during a scheduled visitation with their father, Travis Decker. Their father’s vehicle was found abandoned near Rock Island Campground, but he remains missing and is wanted for three counts of first-degree murder and one count of kidnapping. Authorities warn that Decker, a former military member, may be armed … Continue reading 3 young sisters found dead after being reported missing in Washington, police searching for father

Florida Mom ‘kills son in exorcism’

Rhonda Paulynice, a 31-year-old Florida mother, has been arrested for the alleged murder of her 6-year-old son, Ra’myl Pierre. His body was found wrapped in cloth in her home after he had been missing from school for two weeks. Paulynice told investigators she believed God instructed her to “exorcise demons” from her son and admitted to suffocating him during the act. She claimed the child … Continue reading Florida Mom ‘kills son in exorcism’

Wife, 5 kids of Boulder terror suspect ‘arrested and in ICE custody’

Mohamed Sabry Soliman, an Egyptian national accused of firebombing a pro-Israel rally in Boulder, Colorado, has been charged with attempted murder and assault after injuring 12 people, including elderly civilians. He reportedly shouted “Free Palestine” while attacking demonstrators with Molotov cocktails and a flamethrower. U.S. authorities arrested Soliman’s wife and five children, investigating whether they had prior knowledge of the attack. Soliman had overstayed a … Continue reading Wife, 5 kids of Boulder terror suspect ‘arrested and in ICE custody’

2 Chinese nationals charged with smuggling ‘potential agroterrorism’ fungus into USA

Two Chinese nationals, Yunqing Jian and Zunyong Liu, have been charged with smuggling a dangerous agricultural fungus, Fusarium graminearum, into the U.S., which authorities classify as a potential agroterrorism weapon. The pair, allegedly funded by the Chinese government, were conducting research at the University of Michigan. Liu admitted to hiding the fungus in his luggage to avoid detection at Detroit Metropolitan Airport. Jian is also accused … Continue reading 2 Chinese nationals charged with smuggling ‘potential agroterrorism’ fungus into USA

Hegseth will skip a meeting on organizing military aid to Ukraine

For the first time, the U.S. Defense Secretary will not attend the Ukraine Defense Contact Group meeting, signaling a shift in America’s role in supporting Ukraine. Pete Hegseth will miss the gathering of over 50 defense leaders in Brussels on Wednesday and will not participate virtually. This move follows a series of U.S. actions distancing itself from the Ukraine war effort, including halting new military … Continue reading Hegseth will skip a meeting on organizing military aid to Ukraine

More than 200 inmates escape Pakistani prison after an earthquake

Over 200 inmates escaped from Malir prison in Karachi, Pakistan, after a series of mild earthquakes triggered panic on Monday. The inmates attempted to flee while being relocated for safety. So far, 80 have been recaptured, and efforts continue to find the remaining 136. One inmate died and 22 people were injured during the chaos. Most escapees face minor charges. Authorities have warned of strict … Continue reading More than 200 inmates escape Pakistani prison after an earthquake

IDF says roads to Gaza aid centres are ‘combat zones’ as sites close for day

Aid distribution centers in Gaza will shut down for a day on Wednesday as Israel declares surrounding roads “combat zones.” The Gaza Humanitarian Foundation (GHF), a U.S. and Israeli-backed group replacing UN-led aid, cited organizational updates as the reason for closure. This follows a deadly incident where 27 Palestinians were killed near a GHF site, the third such event in days. Critics, including the UN, … Continue reading IDF says roads to Gaza aid centres are ‘combat zones’ as sites close for day

Trans American who joined Ukraine army jailed for 20 years in Russian penal colony

Sarah Ashton-Cirillo, a 47-year-old transgender U.S. journalist turned Ukrainian military medic, has been sentenced in absentia by Russia to 20 years in a penal colony. Russia accused her of spreading false information and acting as a mercenary. Labeled a terrorist by the Kremlin, Ashton-Cirillo has been outspoken against Russia’s actions and treatment of LGBTQ individuals. Her past claims included allegations of Russian biological and chemical … Continue reading Trans American who joined Ukraine army jailed for 20 years in Russian penal colony

NATO Is Pushing for Fivefold Boost to Ground-Based Air Defenses

NATO is urging its European members to increase ground-based air-defense capabilities fivefold in response to rising threats from Russia, according to sources familiar with the matter. This proposal will be discussed at a defense ministers’ meeting in Brussels and is part of broader efforts to rebuild weapons stockpiles and reduce reliance on U.S. defense systems. NATO leaders aim to boost defense spending to 5% of … Continue reading NATO Is Pushing for Fivefold Boost to Ground-Based Air Defenses

Private Japanese spacecraft aims to land in the moon’s ‘Sea of Cold’ this week

Japanese company ispace is set to attempt a historic moon landing on Thursday, June 5, at 3:24 p.m. EDT. Its Resilience lunar lander will try to touch down in the moon’s Mare Frigoris region. A successful landing would mark a major achievement for Japan and commercial spaceflight, following ispace’s failed attempt in 2023. If successful, Resilience will deploy a small rover named Tenacious and conduct … Continue reading Private Japanese spacecraft aims to land in the moon’s ‘Sea of Cold’ this week

Chinese Laser Weapon Is Claimed To Be In Russian Service

Russia is reportedly using a Chinese-made laser system to shoot down Ukrainian drones, according to pro-Russian Telegram channels. A video shared online shows a vehicle-mounted system that resembles China’s Shen Nung 3000/5000 anti-drone laser, also previously seen in Iran. Though unconfirmed, the system appears to be effective, with footage showing drones catching fire mid-air and wreckage displaying burn marks. Experts suggest it may be the … Continue reading Chinese Laser Weapon Is Claimed To Be In Russian Service

Dave’s Hot Chicken sold to Subway owner Roark Capital in a $1 billion deal

Dave’s Hot Chicken has been acquired by private equity firm Roark Capital in a $1 billion deal. Founded in 2017 as a Los Angeles parking lot popup, the Nashville-style chicken chain now expects to reach 400 locations by year’s end. Backed by celebrity investor Drake, the brand will retain its leadership team post-acquisition, the Associated Press has reported. Roark, which also owns Subway and supports … Continue reading Dave’s Hot Chicken sold to Subway owner Roark Capital in a $1 billion deal

Asia-Pacific markets trade mixed as investors assess dismal China factory activity

Asia-Pacific markets were mixed Tuesday after a private survey showed China’s manufacturing activity in May shrank at its fastest pace since September 2022, with the PMI falling to 48.3 amid weak export orders linked to U.S. tariffs. China blamed the U.S. for failing to uphold a trade agreement, further straining relations. The EU also criticized President Trump’s plan to double U.S. steel tariffs, CNBC has … Continue reading Asia-Pacific markets trade mixed as investors assess dismal China factory activity

Wall Street drifts higher as oil prices jump and US manufacturing slumps

U.S. stock indexes edged closer to record highs Monday, following a strong May performance. The S&P 500 rose 0.4%, the Dow gained 0.1%, and the Nasdaq climbed 0.7%. Early losses tied to weak U.S. manufacturing data and tariff concerns were offset by rallies in key tech stocks like Nvidia and Meta. Oil prices surged over 3% amid OPEC+ output news and Ukraine-Russia conflict uncertainty. President … Continue reading Wall Street drifts higher as oil prices jump and US manufacturing slumps

Graham among senators escalating calls for severe Russia sanctions bill to advance

Senators are ramping up efforts to pass a tough Russia sanctions bill that would impose 500% tariffs on countries buying Russian energy. Republican Sen. Lindsey Graham, after visiting Kyiv with Democratic Sen. Richard Blumenthal, announced that the Senate could begin advancing the bill this week. The legislation, backed by around 80 bipartisan co-sponsors, aims to isolate Russia economically and pressure President Putin to agree to … Continue reading Graham among senators escalating calls for severe Russia sanctions bill to advance

Judge dismisses California’s lawsuit over Trump tariffs, citing jurisdiction issue

A U.S. District Court judge dismissed California’s lawsuit challenging President Trump’s tariffs, ruling the case belongs in the U.S. Court of International Trade. While the decision sides partially with the Trump administration, the judge allowed California to appeal to the 9th Circuit instead of transferring the case. The ruling is a procedural setback for Governor Newsom and Attorney General Bonta, who argue Trump lacked authority … Continue reading Judge dismisses California’s lawsuit over Trump tariffs, citing jurisdiction issue

Schumer, Democrats plot coordinated resistance to Trump’s ‘one ugly bill’

Senate Minority Leader Chuck Schumer is coordinating with House Democrats to resist Senate Republicans’ push to pass President Trump’s sweeping policy agenda through budget reconciliation, which bypasses Democratic input. In a letter to Senate Democrats, Schumer outlined a strategy to expose GOP divisions and slow the process, calling the bill an attack on working families and democracy. Republicans aim to make Trump’s tax cuts permanent … Continue reading Schumer, Democrats plot coordinated resistance to Trump’s ‘one ugly bill’