A growing clash between academic independence and federal oversight has erupted into a full-scale standoff after the Trump administration announced a freeze on over $2 billion in federal grants to Harvard University. The decision comes after the Ivy League institution firmly rejected a list of sweeping federal demands, including audits of student viewpoints and the dismantling of diversity and inclusion programs. On Monday night, the administration's Joint Task Force to Combat

In a high-profile development, the Enforcement Directorate (ED) launched a series of raids on Tuesday, including one at the Jaipur residence of senior Congress leader and former Rajasthan minister Pratap Singh Khachariyawas. The action is part of the central agency's ongoing investigation into the multi-crore Pearl Agro Corporation Limited (PACL) scam, which is one of India’s largest known ponzi schemes, reportedly involving a staggering Rs 48,000 crore. According to ED officials, t

A roofing company in northern Washington state became the focal point of a major federal immigration enforcement action this week, resulting in the arrest of 37 individuals. The operation took place in Bellingham, a city situated near the Canadian border, where federal agents from U.S. Immigration and Customs Enforcement (ICE) and Customs and Border Protection (CBP) executed a raid at Mt. Baker Roofing’s warehouse early Wednesday morning. The agents, part of ICE’s Home

United States – The U.S. government announced Monday it will initiate a sweeping review of $9 billion in federal funding to Harvard University over allegations of anti-Semitism and campus unrest linked to pro-Palestinian protests. This move marks the latest escalation by President Donald Trump’s administration in its campaign against elite academic institutions that have seen intense student demonstrations related to the Israel-Gaza conflict. The General Services Administration co

The stock market suffered a sharp sell-off on Friday as fears over inflation, declining consumer confidence, and doubts about artificial intelligence investments combined to push major indexes lower. The S&P 500 dropped 2%, making it the second-worst trading day of 2025 for the broad-based index, while the Nasdaq Composite tumbled 2.7%, breaching its lowest point for the year. The Dow Jones Industrial Average also slumped, losing 1.7% as investors reacted to concerning economic signals.

US President Donald Trump delivered a triumphant address to Congress, emphasizing his administration’s policy shifts in global trade, domestic regulations, and federal restructuring. Within just six weeks of taking office, Trump boasted of achievements that have significantly altered America’s foreign relations, triggered trade disputes, and reduced the size of the federal workforce. His speech was met with a standing ovation from Republican supporters, while Democrats protested s

In response to widespread federal job losses, Maryland Governor Wes Moore has unveiled an initiative aimed at helping displaced federal employees find new opportunities within the state. The governor's executive action, announced Friday, outlines a plan to transition affected workers into state and county positions through job fairs and recruitment websites. Governor Moore made it clear that Maryland would not stand by while its residents face unemploym

The Department of Government Efficiency, known as the DOGE initiative, was introduced to streamline government spending by reducing the number of federal employees and eliminating programs that do not align with President Trump's policies. The initiative was presented as a necessary response to the growing $36 trillion national debt. One of its first major actions was the removal of Diversity, Equity, and Inclusion programs, a move that has been met with both support and criticism. While

The US government is facing a potential shutdown as the Friday night deadline for passing a spending bill approaches. The shutdown, driven by political deadlock, could furlough around 875,000 federal workers while 1.4 million essential workers would continue without pay during the holiday season. Although essential services like air traffic control and law enforcement would remain operational, employees will not be paid immediately, though they typically receive retroactive compensation once

Bitcoin reached an all-time high of over $106,000, marking a significant milestone just 10 days after surpassing the $100,000 mark. The cryptocurrency’s surge is fueled by expectations that the Federal Reserve may cut interest rates during its upcoming policy meeting. Lower interest rates historically benefit Bitcoin, as they weaken the US dollar and increase the money supply, driving investor interest in digital assets. Bitcoin has risen over 77% in the last year, and its rec

Officials from the Food and Drug Administration (FDA) have seized counterfeit drugs worth Rs 1.85 crore after conducting raids at two locations in Maharashtra’s Thane district. The raids, which took place in Bhiwandi and Mira Road over the past few months, uncovered a scheme where the accused were manufacturing and selling spurious medicines while falsely branding them as original products. The drugs were distributed across several states, deceiving patients and jeopardizing p

US President Joe Biden announced on Sunday that he had granted a pardon to his son, Hunter Biden, who was convicted of making false statements on a gun background check and illegally possessing a firearm. Hunter Biden had also pled guilty to federal tax charges, admitting to failing to pay $1.4 million in taxes. President Biden expressed that his decision to pardon his son came after years of what he described as unfair, politically motivated prosecution. Biden stated that he had pr

Benchmark equity indices experienced a decline, snapping a two-day winning streak as market participants adopted a cautious approach ahead of the highly anticipated interest rate cut from the US Federal Reserve. This would mark the first rate cut since 2020, following a series of eight consecutive meetings where rates remained unchanged. The India VIX, a measure of market volatility, increased by 6.2%, closing at 13.37. Information technology stocks significantly impacted the indice