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NEARLY 600 economists have signed an open letter expressing support for Federal Reserve Governor Lisa Cook and US central bank independence, as Cook battles President Donald Trump’s attempt to fire her.“Good economic policy requires credible monetary institutions,” said the letter, whose 593 signatories as of Tuesday include Nobel laureates and former US government officials.“Credible monetary institutions, in turn, require the independence of the Federal Reserve,” the letter added.The support came after Trump said on his Truth Social platform last week that he was immediately removing Cook over claims of mortgage fraud.Cook, the first Black woman to serve on the Fed’s…
In the first half of 2025, she racked up over 55 million views on TikTok and 4 million likes, mostly from tweens glued to their cellphones. Not bad for an AI-generated cartoon ballerina with a cappuccino teacup for a head.Her name is Ballerina Cappuccina. Her smiling, girlish face is accompanied by a deep, computer-generated male voice singing in Italian — or, at least, some Italian. The rest is gibberish.She is one of the most prominent characters in the internet phenomenon known as “Italian Brain Rot,” a series of memes that exploded in popularity this year, consisting of unrealistic AI-generated animal-object…
Check out the best highlights between the Washington Nationals and Chicago Cubs.
[SINGAPORE] Oil prices traded in a tight range on Monday as worries about rising output and the impact of US tariffs on demand offset supply disruptions stemming from intensified Russia-Ukraine airstrikes.Brent crude fell 12 cents, or 0.18 per cent, to US$67.36 a barrel by 0046 GMT, while US West Texas Intermediate crude was at US$63.88 a barrel, down 13 cents, or 0.2 per cent. Trading is expected to be muted due to a US bank holiday.Ukrainian President Volodymyr Zelenskiy vowed on Sunday to retaliate by ordering more strikes deep inside Russia after Russian drone attacks on power facilities in northern…
Restaurateur Tommy Fello was driving from his Ohio establishment to his house on Christmas Eve when he started veering off the road. Fello, then 71, had been awake since 4 a.m. local time preparing a holiday buffet for his family. He chalked the disturbance up to a flat tire. Driving slowly and relying on the vehicle’s autocorrect feature, he was able to complete his journey home safely.But when Fello stepped out of the truck, he couldn’t get his balance. “I finally realized it wasn’t the truck that was veering. It was me that was veering,” Fello said. He went indoors and…
MINNEAPOLIS — There are “rays of hope” for a 12-year-old girl critically injured in last week’s deadly shooting at a Catholic church in Minneapolis, though her neurosurgeon cautioned Friday it is still hard to predict whether she will survive.Sophia Forchas was the most seriously wounded child among those who survived after a shooter opened fire at the Church of the Annunciation on Aug. 27. The church was full of students from the affiliated Annunciation Catholic School who had gathered for their first Mass of the academic year. Two students were killed, and 21 people were injured.The shooter died by suicide,…
[BEIJING] The fallout is becoming impossible to ignore in the fierce battle among Chinese carmakers.With BYD reporting a staggering 30 per cent plunge in quarterly profit last Friday (Aug 29), its first decline in over three years, it’s become clear that not even dominant players are safe in the cutthroat battle for market share. Despite robust overseas sales, BYD’s net income of 6.4 billion yuan (S$1.2 billion) for the three months to Jun 30 fell short of analysts’ estimates for a modest increase. Heavy discounting saw BYD’s gross margin contract to 18 per cent from 18.8 per cent in the first…
GOOGLE won’t have to sell its Chrome browser, a judge in Washington said on Tuesday, handing a rare win to Big Tech in its battle with US antitrust enforcers, but ordering Google to share data with rivals to open up competition in online search.Google parent Alphabet’s shares were up 7.2 per cent in extended trading on Tuesday as investors cheered the judge’s ruling, which also allows Google to keep making lucrative payments to Apple that antitrust enforcers said froze out search rivals. Apple shares rose 3 per cent.US District Judge Amit Mehta also ruled Google could keep its Android operating…
The American Academy of Pediatrics is strongly recommending COVID vaccinations for children ages 6 months to 2 years old. The guidance is different from the CDC advice under HHS Secretary Robert F. Kennedy Jr., which does not recommend COVID-19 shots for healthy kids of any age. CBS News medical contributor Dr. Celine Gounder explains what to know.
The Philadelphia Eagles beat the Dallas Cowboys 24-20 in a tightly contested season opener. Colin Cowherd says that Dallas could’ve won the game and that he was impressed with Dak Prescott.