Hong Kong, Shanghai lead losers on mixed day for Asian markets

Hong Kong and Shanghai shares fell on concerns over China's deflation and economic slowdown, following a 0.7% drop in consumer prices. The uncertainty is exacerbated by President Trump's fluctuating trade policies and recession warnings. While some Asian markets rose, overall sentiment remains cautious as investors monitor China's growth targets and domestic demand strategies.

‘I never will’: Jerome Powell's powerful message to Donald Trump as Fed holds rate cut

Fed Chair Jerome Powell firmly stated he never seeks presidential meetings, emphasizing the Fed's independence amid Trump's rate-cut demands. The central bank unanimously held interest rates steady, noting economic uncertainties and potential risks from trade policies.

Trump signals China initiated planned trade meeting

President Trump stated he would not reduce U.S. tariffs on Chinese goods ahead of upcoming trade talks, which he suggested China initiated. The planned discussions aim to de-escalate tensions amid a trade war that has significantly raised import duties. Trump's envoy, David Perdue, emphasized his close ties to the president, which may influence negotiations with China.

What does black smoke at the Vatican mean? Papal conclave day 1 ends without a new pope

Cardinals failed to elect a new pope during the first day of conclave, signaled by black smoke emerging from the Sistine Chapel at 21:00 local time. Voting will continue tomorrow following Pope Francis's recent death.

Ex-model takes the stand in Harvey Weinstein's retrial. It's the first time she has testified

Kaja Sokola, a former model, testified against Harvey Weinstein in his retrial for sexual assault. Prosecutors added charges based on her allegations after his 2020 conviction was overturned. Sokola claims Weinstein sexually assaulted her in 2006 and had a history of harassment. Weinstein, who denies all charges, faces scrutiny as more accusers come forward.

Did Trump direct intel agencies to spy on Greenland amid annexation plans? Worried Denmark to summon US envoy

US intelligence agencies reportedly ordered to increase surveillance on Greenland, seeking support for potential annexation. Denmark plans to summon US envoy over concerns. Trump maintains interest, citing strategic importance and rare mineral access.

Prosecutor says Sycamore Gap tree cutters committed 'arboreal equivalent of mindless thuggery'

Two men charged with cutting down the iconic Sycamore Gap tree claimed it was a joke gone wrong, but prosecutors labeled their actions as "mindless thuggery." The tree's destruction sparked public outrage, with evidence linking the men to the crime. Both deny involvement, but video and messages suggest otherwise. Jurors are set to begin deliberations soon.

US Federal Reserve pauses rate cuts again, flags higher inflation risk

The US Federal Reserve announced a pause in interest rate cuts, maintaining the key lending rate at 4.25-4.50%. Policymakers cited rising risks to inflation and unemployment, partly due to President Trump's tariffs. While economic activity remains solid, analysts predict potential price increases and slower growth, delaying expectations for future rate cuts until at least September.

Kash Patel's nightclubs report dismissed by FBI as ‘bogus’; Working at HQ everyday, went home for just three days

FBI spokesman dismisses claims by Frank Figliuzzi that Kash Patel frequents nightclubs more than headquarters. Williamson states Patel worked 70+ days, home only three days, calling the allegations "bogus" and unverified by MSNBC.

China's Xi visits Moscow for talks with Putin after Russian strikes in Ukraine

Chinese President Xi Jinping arrived in Moscow for talks with President Vladimir Putin amid heightened tensions, as Ukrainian drones targeted the city before his arrival. Xi's visit, aimed at reinforcing economic ties and showcasing Russia's global connections, coincides with a military parade commemorating World War Two. Ukraine condemned the visit, urging countries not to send military representatives.

Houston weather forecast: Baytown, Sugar Land, Pearland brace for storms, hail, and possible tornadoes today

Houston braces for severe storms, hail, and possible tornadoes near I-10. Flood warnings issued for Chambers, Liberty, and Walker counties. Rainfall up to 3 inches expected. Weather improves Thursday, with sunny Mother's Day weekend ahead.

Pakistan shuts airspace briefly after India’s Operation Sindoor

Following India's Operation Sindoor targeting terror camps in Pakistan, Islamabad temporarily closed its airspace for 48 hours, later reopening it after eight hours. The closure affected flights over major cities, with air traffic redirected to Karachi. Indian forces reported successful strikes on nine camps in retaliation for a deadly April terror attack, emphasizing minimal civilian impact.

‘That’s it': US Congressman RO Khanna warns Pak against retaliating to Indian strikes

US Congressman Ro Khanna urges Pakistan's army chief to avoid retaliation after India's military strikes on terrorist targets, emphasizing de-escalation and warning against potential nuclear conflict between the two nations.

What is Linda Mcmahon's education and net worth? Trump Edu Secy dubbed as ‘barely literate’ for bizarre Harvard letter

Linda McMahon, Trump's Education Secretary, faced criticism for a grammatically challenged letter to Harvard, threatening research grants. Co-founder of WWE, she holds significant assets, multiple honorary doctorates, and earns $250,600 annually as a government official.

Disney announces first Middle East theme park in UAE: Disneyland Abu Dhabi to open on Yas Island

The Walt Disney Company announced plans for a new theme park on Abu Dhabi's Yas Island, in partnership with Miral, aiming to attract tourists from various regions. Disney CEO Robert Iger emphasized the park's blend of iconic Disney experiences with Emirati culture. This announcement coincides with Disney's strong quarterly revenue growth, reflecting a successful expansion strategy.

Grisly Peru mining murders spotlight 'gold curse' in the Andes

Thirteen mine workers were killed in Peru's Pataz province, victims of suspected illegal mining gangs. The incident, one of the worst mining massacres in the country, led to a temporary halt of mining activities and military intervention. The surge in illegal mining, driven by high gold prices, has resulted in significant violence, exceeding even drug trafficking in economic impact.