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Hurricane Melissa devastates Jamaica as government declares disaster area

Hurricane Melissa struck Jamaica as an unprecedented Category 5 storm, ripping roofs off buildings, flooding towns, knocking out power and communications, and prompting a national disaster declaration as authorities appeal for international aid and rescue support

Number

42 million - Americans at risk of losing SNAP benefits due to the government shutdown

Quote

"It's pretty clear I'm not allowed to run" — President Donald Trump

SPX 6,912 ↑ 0.30% Dow 47,924 ↑ 0.46% Nasdaq 23,978 ↑ 0.63% Gold 4,032 ↑ 1.23% BTC 113,091 ↑ 0.16%

24 Hours

Hurricane Melissa heads for Bahamas and Bermuda

Hurricane Melissa has carved a destructive path across the Caribbean, striking Jamaica as a historic Category 5 storm and moving on to Cuba and the Bahamas. The storm has left large areas without power, forced mass evacuations, and prompted disaster declarations and international aid requests.

Israeli strikes kill over 100 in Gaza as ceasefire teeters

Israel carried out heavy overnight strikes in Gaza that caused mass casualties and tested a fragile ceasefire. Reports indicate large numbers of civilian deaths, raising international alarm and threatening to unravel the truce brokered days earlier.

Food stamp benefits set to pause for 42 million Americans

The US government shutdown is hitting millions as SNAP benefits face suspension and states sue to stop the freeze. At the same time federal courts have blocked administration plans to carry out mass firings of federal employees amid the funding impasse.

US and South Korea advance trade deal after talks

President Trump's Asia tour generated diplomatic headlines as trade talks with South Korea advanced and the South Koreans presented ceremonial gifts. The trip also set the stage for an upcoming Trump meeting with Xi Jinping amid high economic and geopolitical stakes.

Trump says it’s pretty clear he cannot run for a third term

President Trump publicly acknowledged constitutional limits on a third presidential term, repeatedly saying the law prevents a third bid. His comments drew widespread attention amid ongoing speculation about future political plans.

Fed expected to cut interest rates again

Markets and central banks dominated headlines as investors priced in an imminent Fed rate cut while AI-driven rallies pushed tech valuations to new highs. Nvidia's surge near a $5 trillion market cap and futures records underpinned risk asset strength ahead of policy moves.

Mega AI layoffs hit white collar jobs

AI is driving a new wave of corporate restructuring and large scale job cuts across white collar sectors. Amazon and other major firms are reducing workforces and using automation to cut roles, prompting widespread worker disruption and scrutiny of corporate practices.

OpenAI restructures as for profit in move toward IPO

OpenAI completed a contentious conversion to a for‑profit structure and rolled out safety models for third parties. The moves accelerate the company's commercial path and raise new regulatory and market implications for an eventual IPO.

Jensen Huang says Nvidia will sell millions of Blackwell chips

Nvidia and chip diplomacy dominated tech diplomacy headlines as executives set aggressive sales targets and political leaders signaled chip policy would be raised at top level talks. Corporate praise for political leaders surfaced ahead of critical trade negotiations.

Russia tests Poseidon nuclear torpedo in second trial

Russia announced and celebrated tests of a new Poseidon nuclear‑capable undersea weapon, escalating nuclear rhetoric. Western officials and analysts flagged the development as another worrying step in high end weaponization and strategic signaling.

Bodies laid out after massive raid in Rio

A massive police and military operation in Rio de Janeiro targeting a major gang resulted in dozens killed and many arrests, provoking a debate over tactics and human rights as authorities claim a major disruption of organized crime networks.

Paramilitary seize key Darfur city amid atrocity fears

Paramilitary Rapid Support Forces seized key territory in Darfur and reports of mass killings and large numbers of trapped civilians have emerged. Satellite imagery and eyewitness accounts have amplified international concern about potential atrocities.

US strikes four suspected drug boats in the Pacific

The US military expanded strikes on suspected drug trafficking vessels in international waters, killing dozens according to official briefings and increasing the administration's maritime counter‑narco campaign in the region.

Ukraine struggles to hold eastern city of Pokrovsk

Fighting in Ukraine continued with pressure on defensive positions and expanded strikes, including drone operations into Russia. The front lines remain contested and both sides reported intensified operations across multiple regions.

Paramount begins layoffs as CEO orders restructuring

Major media and entertainment firm Paramount began wide restructuring with large job cuts, reflecting broader stress in the sector. Management framed the reductions as strategic repositioning even as workers faced sudden layoffs.

Judge disqualifies Trump appointed US attorney in Los Angeles

Federal courts continue to shape litigation around the administration as judges disqualified Trump appointed prosecutors and limited management actions. These rulings affect key criminal prosecutions and administrative authority in high profile cases.

Air traffic controllers miss pay as shutdown drags on

The government shutdown is straining critical services from air traffic control to weather monitoring as unpaid staff and disrupted operations raise safety and logistical concerns. Flight safety and hurricane tracking resources have been stretched thin.

Campaign watchdog criminally refers Mamdani to DOJ over donations

Controversy swirls around New York mayoral frontrunner Zohran Mamdani as campaign finance referrals and legal questions surface. Opponents and allies continue to spar over donations, naturalization questions, and campaign messaging in a volatile final stretch.

Fed may end quantitative tightening amid funding stress

Liquidity concerns and the Fed balance sheet loomed large as officials weighed ending quantitative tightening amid signs of funding stress. Markets and policymakers were focused on post‑meeting guidance and the Fed chair's remarks.

Mortgage rates fall to lowest level in over a year

Financial and corporate earnings headlines reflected mixed strength in global banking, aerospace, and housing costs as UBS reported a profit surge, Boeing faced charges linked to program delays, and mortgage rates fell, spurring refinancing.

FCC tightens restrictions on Chinese telecom gear

Regulators and tech powerhouses moved on security and lobbying fronts as the FCC tightened rules on Chinese telecom gear and Big Tech ramped EU lobbying. Reports also highlighted US technology exported that may have enabled surveillance in China.

Research monkeys escape after truck overturns in Mississippi

A transport crash in Mississippi released laboratory primates, some reportedly infected, sparking public safety and health warnings. Officials raced to recover escaped animals while communities and health experts weighed potential risks.

Senate rebukes Trump by voting to nix Brazil tariffs

Congress delivered a rebuke to the White House on trade policy as a coalition of senators moved to terminate emergency tariffs on Brazil. The votes exposed fractures in Republican support and set a precedent on limits to tariff use.

China buys US soybeans ahead of Trump Xi meeting

China purchased US soybeans ahead of a high profile summit and both capitals signaled a softer tone as leaders prepared to meet. The moves highlighted economic diplomacy as a top priority in US China engagement this week.