BlackRock Sees US Stocks Getting Their Mojo Back
On the new episode of Trumponomics: What happens when US economic data can't be trusted? With President Donald Trump firing independent regulators and killing off advisory committees, David Wilcox, director of US economic research for Bloomberg Economics, and Molly Smith, editor on the US economy, discuss why reliable data is at risk. Listen on Apple, Spotify, or wherever you get your podcasts.
A recurring question in markets this year has been whether US exceptionalism is well and truly over. It's sure seemed that way at times— stock indexes in Europe have been outperforming US benchmarks, while Chinese tech shares have soared even as the once-hot Magnificent Seven stumbled.
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Fast Company
29 minutes ago
- Fast Company
Gavin Newsom is having his social media moment
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Yahoo
33 minutes ago
- Yahoo
Entire Fulbright Scholarship board quits, citing Trump admin actions
All members of the Fulbright Foreign Scholarship Board announced their resignation on Wednesday, releasing a statement accusing President Donald Trump's administration of political interference in the prestigious exchange program. The 12-member board alleged the Trump administration "usurped the authority of the Board" by denying Fulbright awards to "a substantial number of individuals" who were selected for the 2025-2026 academic year. The board also alleged the administration is currently "subjecting" an additional 1,200 international Fulbright recipients to "an unauthorized review process and could reject more." "We believe these actions not only contradict the statute but are antithetical to the Fulbright mission and the values, including free speech and academic freedom, that Congress specified in the statute," the board said in its statement. MORE: State Department delivers crushing news to Fulbright scholar hopefuls in Afghanistan The board oversees the Fulbright Foreign Student Program, which offers international graduate students, young professionals and artists the opportunity to study and conduct research in the United States. The government-funded, non-partisan program -- which was established by Congress in 1942 under then-President Harry Truman's administration -- operates in more than 160 countries worldwide, providing scholarships to approximately 4,000 foreign students annually. In the joint letter on Wednesday, the board said the awards that were overridden by the administration were concentrated in biology, engineering, architecture, agriculture, crop sciences, animal sciences, biochemistry, medical sciences, music and history. MORE: State Dept. suggests Afghan Fulbright hopefuls seek other options as program stalls The board claimed it has raised "legal issues and our strong objections with" senior Trump administration officials "on multiple occasions," including in writing, but says the concerns have not been acknowledged. In a statement to statement to ABC News after the board announced its resignation, a senior State Department official called the decision "a political stunt attempting to undermine President Trump." "It's ridiculous to believe that these members would continue to have final say over the application process, especially when it comes to determining academic suitability and alignment with President Trump's Executive Orders." the official said. The board, however, said in its statement that the decision was not one "we take lightly," woth the board calling on Congress, the courts and future Fulbright Boards to "prevent the administration's efforts to degrade, dismantle, or even eliminate one of our nation's most respected and valuable programs." "Injecting politics and ideological mandates into the Fulbright program violates the letter and spirit of the law that Congress so wisely established nearly eight decades ago," the board concluded in its statement. Entire Fulbright Scholarship board quits, citing Trump admin actions originally appeared on
Boston Globe
35 minutes ago
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Hong Kong outlaws video game, saying it promotes ‘armed revolution'
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