What a difference a day can make for monetary policy. On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…
Washington — The Supreme Court just over a month ago expanded presidential power when it struck down removal protections for members of the Federal Trade Commission, clearing the way for the president to fire members of certain independent boards and commissions at-will. But as the high court considered the legality of Congress’ efforts to shield…
Washington — A federal appeals court on Friday said the Trump White House lacks the authority to unilaterally construct a new 90,000-square-foot ballroom where the East Wing once stood, finding that the $400 million project requires congressional approval. In a 2-1 decision, a federal appellate panel in D.C. sided with a lower court in ruling that the…
The Azad Jammu and Kashmir (AJK) Election Commission on Friday revised the schedule for the third phase of elections in the region, saying polling in seven of the 11 constituencies of Poonch Division had been postponed due to concerns over the law and order situation in those areas. However, the electoral process will go ahead…
KARACHI: The exhumation of 25-year-old businessman and Institute of Business Administration graduate Mir Raza Ali’s body was postponed on Friday after his family objected to the abrupt reconstitution of the medico-legal board formed for the purpose. Ali’s body was found in bushes in Karachi’s Gulistan-i-Jauhar last month, a day after he went missing on July…
A wave of cyberattacks targeting U.S. public water systems is heightening concerns about security gaps at utilities, with government officials warning that hackers are exploiting a particularly vulnerable industrial computer, according to security experts. U.S. water systems in at least a dozen states have been targeted by the attacks, which officials suspect may be linked…
A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms in the second phase of a landmark trial the social media giant lost in March. In a late Thursday ruling, Judge Bryan Biedscheid said the bulk of the money —…
Treasury Secretary Scott Bessent says the Trump administration is moving quickly to crack down on criminal enterprises, cartels and undocumented immigrants using the U.S. financial system for their payroll schemes, illicit financing and other fraud. In remarks to Arizona bankers Thursday, Bessent said, “This administration will not tolerate blatant abuse of our financial system, nor…
For Melanie Herbert, years of hospital treatments for a serious medical condition fueled an early interest in how healthcare providers communicate and address their patients’ needs. The experience informed her decision years later to launch Sync Labs, a health technology startup that aims to improve care for older Americans, while she was still a student…
Washington — Republican Sen. Mitch McConnell of Kentucky said Thursday that he has been discharged from a rehabilitation center, nearly two months after he was hospitalized. “Earlier today, I was discharged from the rehabilitation center to continue my recovery at home,” he said in a statement. The statement did not say when McConnell is expected…
