Jonathan Wong
The Latest
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U.S. Core PCE Inflation Remains Stubborn at 4.6% in March
Stubborn inflation persists as U.S. core PCE for March comes in line with expectations, indicating that the issue is not easing. Stubborn inflation persists as U.S. core PCE for March comes in line with expectations, indicating that the issue is not easing. -
US Dollar Gains as Inflation Data Supports Fed Rate Hike Expectations
The U.S. dollar strengthened on Friday after inflation data for March revealed growth, albeit at a slower pace, bolstering expectations that the Federal Reserve will increase interest rates at its upcoming monetary policy meeting next week. The U.S. dollar strengthened on Friday after inflation data for March revealed growth, albeit at a slower pace, bolstering expectations that the Federal Reserve will increase interest rates at its upcoming monetary policy meeting next week. -
Iran Detains Marshall Islands-Flagged Oil Tanker in Gulf of Oman, US Navy Reports
The US Navy confirmed that Iran seized a Marshall Islands-flagged oil tanker, the Advantage Sweet, in international waters in the Gulf of Oman on Thursday. This event marks the latest in a series of seizures or attacks on commercial vessels in the Gulf since 2019. The US Navy confirmed that Iran seized a Marshall Islands-flagged oil tanker, the Advantage Sweet, in international waters in the Gulf of Oman on Thursday. This event marks the latest in a series of seizures or attacks on commercial vessels in the Gulf since 2019. -
US Economy Maintains Growth in Q1, Consumer Spending Fuels Expansion
The US economy maintained steady growth in the first quarter of the year, primarily driven by robust consumer spending. However, the momentum seems to have slowed down recently as the impact of higher interest rates takes hold. The Commerce Department's forthcoming GDP report is expected to reveal that the economy is not near a recession, but the landscape has transformed significantly. The US economy maintained steady growth in the first quarter of the year, primarily driven by robust consumer spending. However, the momentum seems to have slowed down recently as the impact of higher interest rates takes hold. The Commerce Department's forthcoming GDP report is expected to reveal that the economy is not near a recession, but the landscape has transformed significantly. -
US-South Korea Nuclear Cooperation Intensifies to Counter North Korean Threat
The United States pledged on Wednesday to provide South Korea with greater access to its nuclear planning in case of a conflict with North Korea, in response to concerns over Pyongyang's expanding missile and bomb arsenal. The United States pledged on Wednesday to provide South Korea with greater access to its nuclear planning in case of a conflict with North Korea, in response to concerns over Pyongyang's expanding missile and bomb arsenal. -
Hunter Biden Ordered to Appear in Court for Paternity Case by Arkansas Judge
Hunter Biden has been directed to appear in an Arkansas court by Judge Holly Meyer, who is presiding over his continuing paternity case. The Independence County Circuit Court judge's ruling, issued on Monday, demands that all parties involved in the case be present on May 1, according to a court order obtained by PEOPLE. Hunter Biden has been directed to appear in an Arkansas court by Judge Holly Meyer, who is presiding over his continuing paternity case. The Independence County Circuit Court judge's ruling, issued on Monday, demands that all parties involved in the case be present on May 1, according to a court order obtained by PEOPLE. -
US Imposes Sanctions on Three Chinese Individuals for Aiding North Korean Cybercrime Operations
The United States declared sanctions on three individuals accused of laundering virtual currency obtained by North Korean hackers to fund Pyongyang's weapons programs. The US Treasury identified the individuals as a China-based virtual currency trader, a Hong Kong-based currency trader, and a representative of North Korea's Korea Kwangson Banking Corp who recently moved to Dandong, China. The United States declared sanctions on three individuals accused of laundering virtual currency obtained by North Korean hackers to fund Pyongyang's weapons programs. The US Treasury identified the individuals as a China-based virtual currency trader, a Hong Kong-based currency trader, and a representative of North Korea's Korea Kwangson Banking Corp who recently moved to Dandong, China. -
Trial commences for Donald Trump, facing rape and defamation accusations
Former U.S. President Donald Trump's trial begins on Tuesday, with writer E. Jean Carroll alleging in a civil lawsuit that Trump raped her in a department store dressing room during the mid-1990s. Additionally, the former Elle magazine advice columnist accuses Trump of defamation. Former U.S. President Donald Trump's trial begins on Tuesday, with writer E. Jean Carroll alleging in a civil lawsuit that Trump raped her in a department store dressing room during the mid-1990s. Additionally, the former Elle magazine advice columnist accuses Trump of defamation. -
President Biden Announces 2024 Re-Election Bid: "Let's Finish This Job"
On Tuesday, President Joe Biden confirmed his intention to run for a second term in the 2024 presidential election, testing whether Americans are willing to grant the 80-year-old Democrat, already the oldest U.S. president in history, another four years in office. On Tuesday, President Joe Biden confirmed his intention to run for a second term in the 2024 presidential election, testing whether Americans are willing to grant the 80-year-old Democrat, already the oldest U.S. president in history, another four years in office. -
US Supreme Court Upholds Broad Access to Abortion Pill, Safeguarding Women's Health Rights
The U.S. Supreme Court on Friday halted new restrictions on mifepristone, a widely used abortion pill, by granting emergency requests from the Justice Department and Danco Laboratories. President Joe Biden applauded the decision, as his administration seeks to protect access to the drug amidst a heated legal battle surrounding reproductive rights in the country. The U.S. Supreme Court on Friday halted new restrictions on mifepristone, a widely used abortion pill, by granting emergency requests from the Justice Department and Danco Laboratories. President Joe Biden applauded the decision, as his administration seeks to protect access to the drug amidst a heated legal battle surrounding reproductive rights in the country.