
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
'Fuck around' and 'find out,' read a TikTok post, following a screenshot announcing that California is suing President Donald Trump for deploying the National Guard to the streets of Los Angeles. But the TikTok wasn't shared by a typical meme account—it came from California Governor Gavin Newsom. 'I damn near fell over when I realized this was Gov. Newsom's page,' one user commented. Since Friday, demonstrations have erupted across Los Angeles in protest of the president's immigration policies and the ongoing Immigration and Customs Enforcement raids. Although many of the demonstrations have remained peaceful, there have been violent incidents including authorities deploying tear gas and rubber bullets, and protestors setting Waymo vehicles ablaze throughout the city. As tensions escalated, the Trump administration deployed the National Guard and Marines—despite objections from local officials—sparking a lawsuit from the state, threats of arrest against Governor Newsom, and a surge of defiant memes. 'And remember kids, the next time anybody tells you 'the government wouldn't do that', oh yes they would,' says the popular TikTok sound used on Newsom's official account video, playing over screenshots of news headlines and images of armed forces confronting demonstrators. In another viral video from the governor's page, which amassed over 5.4 million views, Taylor Swift's 'You Need To Calm Down' plays over a series of photos of the two politicians. 'r u ok?' the post asks, with a caption reading: 'America's keyboard warrior.' Newsom's clapback drew widespread praise in the comments. 'I do disagree with Newsom a lot but him standing up to tyranny and standing with your state takes some serious guts. Hats off to you Newsom,' wrote one user. He's also taken to his personal account to deliver meme-laced messages to Trump—one featuring a photoshopped image of the president wearing a crown, captioned 'send in the troops.' The slideshow ends with a shot from the musical Hamilton, with text reading: 'Democracy is under assault right before our eyes. It's time for all of us to stand up.' The online showdown has significantly boosted Newsom's social media presence, growing his personal TikTok account by approximately 397,000 followers and his official Governor account by 479,000 since Friday. Newsom is the latest in a growing number of politicians leveraging memes and social media to bypass traditional media and speak directly to the public through humor. Famously, Kamala Harris gained momentum during her presidential campaign with ' Brat summer ' and the coconut tree trend, while Joe Biden leaned into the viral ' Dark Brandon ' meme during his reelection campaign. Although meme strategies can generate enthusiasm and visibility, the 2024 election results suggest that online popularity doesn't always translate at the polls.
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
- Boston Globe
Hong Kong outlaws video game, saying it promotes ‘armed revolution'
The game was removed from Apple's app store in Hong Kong on Wednesday, but remains available elsewhere. Advertisement But it had already been out of reach for many gamers. It was never available in mainland China, and earlier this month Google removed Reversed Front from its app store, citing hateful language, according to the developers. ESC Taiwan is a group of anonymous volunteers who are outspoken against China's Communist Party. Their products, which include a board game released in 2020, are supported by crowdfunded donations. The developers said that the removal of the game demonstrated how mobile apps in Hong Kong are subject to the type of political censorship seen in mainland China. 'Our game is precisely accusing and revealing such intentions,' the group's representatives said in an email. In social media posts, they also thanked authorities for the free publicity and posted screenshots of the game's name surging in Google searches. They said the comments and pseudonyms selected by players in the game would not be censored, whether they were in support or in opposition of the Communist Party. Advertisement In its statement, Hong Kong police said the game promoted 'secessionist agendas' and was intended to provoke hatred of the government. They said that publishing, recommending, and downloading the game, or supporting the online campaigns that funded it, could amount to sedition and incitement to secession under the national security law in Hong Kong, offenses that can lead to jail sentences. This is not the first time a video game has been used as an avenue for political protest that has incurred the wrath of Chinese authorities. Animal Crossing, an online game in which players could build elaborate designs of their own island, was removed from mainland China after players began importing Hong Kong protest slogans into the game. Even though virtually all forms of dissent in Hong Kong have been quashed, the national security dragnet in the city continues to widen. Authorities have made widespread arrests under the law, which was imposed five years ago in the wake of massive pro-democracy protests. Last week, Hong Kong authorities laid new national security charges against Joshua Wong, one of the city's most prominent young activists. Wong is serving the prison sentence of another national security charge that ends in January 2027. Authorities last month charged the father of Anna Kwok, an outspoken activist living in Washington, D.C., accusing him of helping handle her financial assets. Kwok is on a list of people overseas wanted by the Hong Kong police, which has placed bounties on their heads by offering rewards for information that would lead to their arrest. Advertisement This article originally appeared in