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Monday, April 14, 2025

As President Donald Trump's back-and-forth on trade policies creates chaos in the financial markets, some fund managers are questioning the rationality of his decisions. read more


The total cost of the US military's operation against the Iran-backed Houthi militants in Yemen is nearing $1 billion in just under three weeks, even as the attacks have had limited impact on destroying the terror group's capabilities, three people briefed on the campaign's progress told CNN. The military offensive, which was launched on March 15, has already used hundreds of millions of dollars worth of munitions for strikes against the group, including JASSM long-range cruise missiles, JSOWs, which are GPS-guided glide bombs, and Tomahawk missiles, the sources said. B-2 bombers out of Diego Garcia are also being used against the Houthis, and an additional aircraft carrier as well as several fighter squadrons and air defense systems will soon be moved into the Central Command region, defense officials said this week.


President Donald Trump wrote off a deadly Palm Sunday attack on the Ukrainian city of Sumy as a "mistake" -- before quickly blaming the war not on Vladimir Putin but on Joe Biden. read more


Despite the on-off nature of President Donald Trump's tariffs on U.S. trading partners, among those that still stand is the 25 percent import tax on imported vehicles that went into effect on April 3. Wall Street and automotive industry analysts foresee massive global implications for the industry if these tariffs remain in place, with vehicle sales plummeting by millions as prices for both new and used cars surge, according to reporting by NBC News. Research reports put the increase in costs for the automotive industry due to Trump's tariffs in the region of $100 billion, with Boston Consulting Group putting the upper range at $160 billion for both U.S. and non-U.S. manufacturers.


Sunday, April 13, 2025

A fire that burned part of the governor's residence early Sunday morning in Dauphin County while Gov. Josh Shapiro and his family were inside has been deemed arson, the state police said. Shapiro and his family are safe and uninjured. They were in a different part of the governor's residence on North Front Street in Harrisburg when the fire was set around 2 a.m. while Shapiro and his family slept. The fire was successfully extinguished but it caused significant damage to a portion of the residence.


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