Alphabet Leads the Sell-Off Wall Street suffered a broad decline on Thursday after Alphabet, Google’s parent company, dropped more than 4%, dragging major indexes down. The S&P 500 fell 1.2%, the Dow lost 606 points, and the Nasdaq slipped 1.5%, marking a sixth loss in seven sessions since the S&P 500 hit a record high. Despite reporting stronger-than-expected quarterly profits, Alphabet’s announcement that it could double its spending on equipment and investments to roughly $180 billion (€152bn) unsettled investors. This figure far exceeded analyst expectations of $119 billion (€100.5bn), raising concerns about rising costs in the tech sector. Weak Job…
Author: Rachel Maddow
Rachel Maddow
Rachel Maddow is a freelance journalist based in the USA, with over 20 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. She earned her degree in Political Science and Journalism from Stanford University. Throughout her career, she has contributed to outlets such as MSNBC, The New York Times, and The Washington Post. Known for her thorough reporting and compelling storytelling, Rachel delivers accurate and timely news that keeps readers informed on both national and global developments.
SpaceX Soars as Tesla Faces Challenges Elon Musk’s SpaceX has reached a $1.25 trillion (€1.06tn) valuation after merging with his AI venture xAI, bringing it closer to Tesla, which currently sits at $1.58 trillion (€1.34tn). This means Musk now derives more of his personal wealth from the rocket company than from his electric car business. Tesla has faced a rough start to 2026, with shares down around 6% following a 16% drop in vehicle deliveries in January and a 3% decline in 2025 revenue — the company’s first annual decline on record. Competition in China and Europe, along with the…
A full hearing of the United States Senate scheduled for February 3, 2026, is set to reopen one of the most contentious and morally charged chapters of twentieth-century financial history: the role of Swiss banks during the Nazi era. According to legal scholar Dr. Gerhard Podovsovnik, the hearing represents a decisive break with decades of denial and obfuscation surrounding allegations that Swiss financial institutions knowingly collaborated with the Nazi regime. The hearing, titled “The Truth Revealed: Hidden Facts Regarding Nazis and Swiss Banks,” will bring senior banking executives, Holocaust organizations, and independent investigators before lawmakers in Washington. Details of the…
Tariff Cuts and U.S. Trade Promises President Donald Trump announced Monday that U.S. tariffs on Indian goods will drop from 25% to 18%, following talks with Prime Minister Narendra Modi. Trump said India would also gradually remove import taxes on American products and commit to buying $500 billion in U.S. goods. Modi called the announcement “delightful,” praising Trump’s leadership, though he did not comment on claims about ending Russian oil purchases. The Russia-Ukraine Factor India has been a major buyer of discounted Russian oil since Moscow invaded Ukraine in February 2022, supplying around 36% of India’s crude imports in 2024.…
President Donald Trump confirmed that the United States has started communicating with Cuban leaders, even as his administration intensifies pressure on the communist-run island through oil restrictions and tariffs. Speaking to reporters Saturday night while flying to Florida, Trump offered few details but said, “We’re starting to talk to Cuba.” Oil Cuts Target Havana’s Economy Trump indicated that recent actions to block oil shipments from Venezuela and Mexico are designed to push Cuba toward negotiations. The administration has framed these moves as a way to bring the Cuban government to the table following the capture of Venezuela’s former president Nicolás…
United Nations Secretary-General Antonio Guterres has issued a dire warning that the organisation could run out of money by July unless member states pay their outstanding dues. The UN is already grappling with hiring freezes and budget cuts due to chronic funding shortfalls. Mounting Unpaid Contributions Guterres explained that the UN’s financial problems stem from some countries failing to pay their mandatory contributions in full or on time. By the end of 2025, unpaid dues reached roughly $1.6 billion—more than double the amount recorded the previous year—even though over 150 nations had paid their obligations. “The current trajectory is untenable,”…
Panama’s Supreme Court has invalidated a concession that allowed Hong Kong-based CK Hutchison to operate ports at both ends of the Panama Canal, following an audit that cited irregularities in a 25-year extension granted in 2021. The decision has sparked sharp reactions from Hong Kong and drawn attention to the geopolitical significance of the canal. Hong Kong Pushes Back On Friday, Hong Kong’s government condemned the ruling, saying it “firmly rejects” the court’s decision. Officials criticized the use of coercive or unreasonable measures in international trade, arguing that the move threatens the legitimate interests of Hong Kong businesses and undermines…
Mail Routes and Logistics Hubs Used to Bypass Controls An investigation by German newspaper Bild has uncovered that Russia is evading European Union sanctions by sending banned goods through a Berlin logistics hub. Test shipments fitted with GPS trackers passed through a warehouse near Berlin Brandenburg Airport and were then forwarded via Poland and Belarus to Moscow without interception. The operation reportedly uses shipping labels from Uzbekistan’s state postal service, despite Germany not authorizing the service to operate locally. International mail faces lighter inspections than regular exports, allowing high volumes of goods to move under simplified customs procedures. The system…
Steady Growth and a Stabilizing Job Market The US Federal Reserve held its key interest rate at roughly 3.6% on Wednesday, pausing after three cuts last year. Officials highlighted that the job market has stabilized and described economic growth as “solid,” an upgrade from last month’s “modest” assessment. With hiring remaining steady and no clear signs of economic slowdown, the Fed sees little need to rush further rate reductions. Inflation Concerns and Policy Split Most policymakers anticipate lowering borrowing costs later this year, but many want to see inflation move closer to the Fed’s 2% target. In November, the central…
Lawmakers Call for Clear Rules to Attract Investment MEPs from the European People’s Party are urging the EU to take nuclear fusion seriously as a near-future energy source. In a declaration released Tuesday, lawmakers stressed the need for a predictable regulatory framework to draw private investment, noting the high costs associated with developing fusion technology. “Fusion has reached a turning point. European industrial capability and private investments are converging toward deployment,” the declaration reads. MEPs including Tsvetelina Penkova (Bulgaria) and Hildegard Bentele (Germany) emphasized that Europe has a chance to transform its scientific achievements into industrial power, while Pascal Arimont…