Three of the country’s most powerful judges met in Pasadena on Wednesday for a rare conclave that could rewrite the legal framework for President Trump’s expansive deployment of troops to cities across the United States. The move to flood Los Angeles with thousands of federalized soldiers over the objection of state and local leaders shocked…
Stocks and the price of gold fell Wednesday, as momentum on Wall Street reverses. The Standard & Poor’s 500 index sank 0.5%, though it’s still within 1% of its all-time high set this month. The Dow Jones industrial average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite…
The Warren Buffett indicator — which measures the stock market’s total value against the US economy’s GDP — topped 200% this week. It’s the first time that the valuation gauge has reached these levels since 2021, the only other instance when it’s risen that high. At the height of the dot-com bubble in 2000, the…
Hong Kong and its neighbouring areas are on high alert as Super Typhoon Ragasa makes its way to the city, poised to bring strong winds, heavy rain and severe storm surges. The cyclone is forecast to be closest to the city on Wednesday morning, with the Hong Kong Observatory warning that winds may reach hurricane…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong’s airport is considering suspending all flights for 36 hours starting Tuesday evening for the first time as Super Typhoon Ragasa moves towards the city, the Post has learned. It is understood that…
Stephen Colbert, whose namesake late-night show is set to be pulled off the air in May, defended Kimmel during his opening monologue on Thursday night. He started the show saying, “Tonight, we are all Jimmy Kimmel,” calling the suspension “blatant censorship.” “The Late Show” posted a clip of Colbert’s comments on Kimmel on its Instagram…
NEW YORK — U.S. stocks edged back from their record heights Tuesday as the countdown ticked toward what Wall Street expects will be the first cut of the year to interest rates by the Federal Reserve. The Standard & Poor’s 500 index fell 0.1% from its latest all-time high. The Dow Jones industrial average dropped 0.3%, while…
LONDON — Britain’s government said Monday it has summoned the Russian ambassador in London following Moscow’s “unprecedented violation” of NATO airspace. The Foreign Office called the incursions into Polish and Romanian airspace in recent days “unacceptable” and summoned Andrei Kelin, the Russian ambassador. Significant and unprecedented violation of Polish and NATO airspace by Russian drones last week,…
Hong Kong’s leader will exhaust all means, including leveraging legal, administrative and private sector efforts, to speed up development of the Northern Metropolis megaproject near the border with mainland China, the Post has learned. Measures being considered include setting up a company as a vehicle to attract industries more efficiently, adopting mainland construction standards and…
NEW YORK — Wall Street inched to more records on Wednesday following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the artificial intelligence boom. The Standard & Poor’s 500 rose 0.3% and set an all-time high for a second straight day. The Dow Jones industrial average dropped 220 points,…