Ex-California Mayor Pleads Guilty To Chinese Agent Acts

Eileen Wang, the former mayor of Arcadia, California, has agreed to plead guilty to a US felony charge tied to acting for the People’s Republic of China without the required disclosure, according to the Justice Department. The charge carries a maximum penalty of 10 years in federal prison. Federal prosecutors said Wang was charged after […]

Poilievre Attacks Carney Over Canada Jobs Data

Leader of the Opposition Pierre Poilievre is moving Canada’s latest jobs numbers into the centre of his case against Prime Minister Mark Carney, arguing that weak employment data exposes a gap between the government’s economic message and its domestic policy record. The Conservative leader posted two social media attacks on Carney, one aimed at taxes, […]

Senate Confirms Kevin Warsh to Federal Reserve Board in Tight 51-45 Vote

The U.S. Senate has confirmed Kevin Warsh to the Federal Reserve Board of Governors in a narrow 51-45 vote, marking a pivotal change in the central bank’s leadership. A separate vote to confirm Warsh as chair, replacing Jerome Powell whose term ends on Friday, is slated for later this week. Warsh, who previously served as […]

Google and SpaceX Team Up to Put AI Data Centers in Orbit

Google, a subsidiary of Alphabet, is negotiating with SpaceX, the rocket company led by Elon Musk, to pioneer a groundbreaking approach to AI infrastructure by launching data centers into orbit. The discussions aim to address the escalating computational demands of artificial intelligence through innovative space-based solutions. The potential collaboration is part of a broader effort […]

Belarus Prepares for War with Selective Mobilizations, Lukashenko Announces

Belarusian President Alexander Lukashenko declared on May 12 that the country will implement targeted mobilizations of military units to brace for possible combat, intensifying concerns about escalating conflict in the region. During a meeting with Defense Minister Viktor Khrenin, Lukashenko underscored the need for heightened readiness, stating, ‘We will selectively mobilize units in order to […]

US Household Debt Hits $18.8 Trillion as Student Loan Delinquencies Surge

Total US household debt reached a record $18.8 trillion in Q1 2026, the Federal Reserve Bank of New York reported on Tuesday, with student loan delinquencies surging as pandemic-era relief programs continue to unwind and mortgage distress quietly climbing — even as credit card and auto loan delinquency rates held mostly steady. The report‘s headline […]

U.S. Inflation Surges to 3.8% in April, Highest Since May 2023, as Energy Costs Soar

Inflation in the United States accelerated in April, with the Consumer Price Index climbing 0.6% month-over-month, according to the Bureau of Labor Statistics. The year-over-year increase of 3.8% marked the steepest rise since May 2023, underscoring persistent price pressures across the economy. A major driver of the surge was energy costs, which jumped 3.8% from […]