Former U.S. President Donald Trump has called for the immediate resignation of Federal Reserve Chairman Jerome Powell. In a post on Truth Social, Trump shared a report accusing Powell of providing false information during hearings related to renovation expenses at the Fed’s headquarters. Despite having appointed Powell during his first term, Trump has frequently criticized him for not lowering interest rates. Powell, however, has rejected the resignation calls, stating he will not step down under political pressure.

Microsoft is reportedly preparing to lay off approximately 9,100 employees — about 4% of its global workforce — in what would be its largest job cut since 2023. The layoffs are expected to mainly affect the sales division. This follows a prior round of 6,000 job cuts earlier this year. Once a booming employment sector, the global tech industry has seen repeated layoffs since the COVID-19 pandemic. Microsoft currently employs about 224,000 people. An official announcement is yet to be made.

Former President Donald Trump’s sweeping tax and spending bill narrowly passed the U.S. Senate 51-50, with Vice President J.D. Vance casting the tie-breaking vote. The bill includes extended tax cuts, defense and immigration funding increases, and major cuts to Medicaid and food aid. It adds $3.3 trillion to the national debt and raises the debt ceiling by $5 trillion. The House vote remains uncertain, facing opposition from both hardline conservatives and moderates. Trump hopes to sign it into law before Independence Day.

U.S. President Donald Trump has threatened to arrest New York City mayoral candidate Zohran Mamdani, labeling him an illegal immigrant for opposing ICE operations.

Mamdani countered that he has broken no laws and is only trying to protect city residents from a climate of fear. He described Trump’s threats as an attack on democracy.

Meanwhile, Trump praised current New York Mayor Eric Adams, claiming Adams was politically targeted by the Biden administration for criticizing federal policies.

U.S. President Donald Trump said that while trade talks with Japan have taken place, he is not optimistic about reaching any agreement, describing Japan as “very stubborn.” Trump complained that although Japan urgently needs rice, it shows little interest in importing U.S. rice or other goods. He added that he has no plans to extend the July 9 deadline for the negotiations and instead intends to pressure various countries into deals by sending them letters.

In a separate remark, Trump lashed out at Federal Reserve Chairman Jerome Powell, calling him “foolish,” claiming that lowering interest rates by three points could have saved nearly a trillion dollars. He also noted that he is considering two or three top candidates to replace Powell.

US Senator Lindsey Graham has warned that countries continuing to trade with Russia while failing to support Ukraine could face tariffs as high as 500% on their exports to the United States. The warning follows the passage of a bill endorsed by former President Donald Trump, now approved by the US Senate, aiming to economically pressure countries maintaining business ties with Moscow.

Experts believe the measure could significantly impact nations like India and China, who are major importers of Russian oil and other goods. Senator Graham emphasized that the proposed tariffs are targeted at nations choosing commerce with Russia over humanitarian support for Ukraine. With India-Russia trade volume surging to $68.7 billion, analysts caution the bill could deal a heavy blow to India's economy if enforced.

In the first half of 2025, the U.S. dollar has depreciated by over 10% in global markets — marking its steepest decline since 1973. Analysts attribute the slump to former President Donald Trump’s aggressive tariff policies and an increasingly isolationist foreign policy. Growing concerns over inflation, ballooning government debt, and unpredictable trade policies have shaken investor confidence, raising questions about America's leadership in the global financial system. While the falling dollar has made imports more expensive, exporters are seeing higher profits. According to Standard Chartered, "It's not about whether the dollar is strong or weak — it's about how the world perceives the United States."

US President Donald Trump has announced that a ceasefire in Gaza could be reached at any time next week. He revealed plans for successful discussions at the White House with Israeli Prime Minister Netanyahu on Gaza and Iran. Trump stressed the priority of securing the release of hostages. His administration has already approved a $510 billion arms deal for Israel. Netanyahu is scheduled to visit Washington on July 7.

The Trump administration has proposed shutting down the Mauna Loa Atmospheric Baseline Observatory in Hawaii, a key site monitoring carbon dioxide levels since the 1950s. This lab provides critical evidence of human-caused climate change, including the iconic Keeling Curve that tracks rising greenhouse gases linked to global warming and extreme weather. The budget proposal aims to defund NOAA’s climate research, threatening the continuation of this historic data collection and potentially disrupting global climate monitoring efforts.

A hacker group with alleged ties to Iran has threatened to leak nearly 100 gigabytes of emails belonging to former U.S. President Donald Trump's inner circle. The group claims to have breached the email accounts of several White House officials, Trump’s legal advisors, and senior aides.

During the 2024 U.S. presidential election, the same hackers reportedly leaked emails to the media, though the leaks did not significantly impact the outcome. Despite a stern announcement of investigation by U.S. authorities, the hackers have remained silent. The U.S. Department of Justice suspects that Iran’s Islamic Revolutionary Guard Corps (IRGC) may be behind the attack. Sources also indicate that efforts are underway to sell the stolen emails, with Reuters allegedly being approached to publicize the breach.

Elon Musk has called the proposed $5 trillion U.S. debt ceiling hike "insane spending" and warned it could plunge the country into uncontrollable debt. He suggested the formation of a new political party that would truly represent the interests of the people. Following his remarks, Tesla shares saw a significant decline. Musk dubbed the current political landscape a "one-party system" humorously referring to it as the "Porky Pig Party."

White House Press Secretary Karoline Leavitt reaffirmed India’s status as a critical strategic partner in the Asia-Pacific region.
She noted that President Trump maintains a strong relationship with Prime Minister Narendra Modi and is nearing the finalization of a bilateral trade agreement. The comments come amid Indian Foreign Minister S. Jaishankar’s visit to the U.S. for the Quad summit and a UN event on state-sponsored terrorism.

U.S. President Donald Trump signed an executive order on Monday lifting nearly all longstanding economic sanctions on Syria.
According to the White House, the move fulfills a promise made to Syria’s interim leader Ahmed Al-Sharar and paves the way for Syria’s reintegration into the international financial system. However, sanctions related to human rights violations, drug trafficking, and chemical weapons will remain. The designation of Syria as a “state sponsor of terrorism” is still under review.

Zohran Mamdani, a candidate for New York City Mayor, has said that the existence of millionaires perpetuates extreme inequality and is fundamentally unjust.

He argued that the city should be designed for working-class and low-income residents. While open to working with the wealthy, Mamdani supports raising taxes on affluent New Yorkers.

In response, former President Donald Trump threatened to cut federal funding to New York City if Mamdani “doesn’t behave.”

Former U.S. President Donald Trump stated that the United States is willing to ease sanctions on Iran if the country adopts peaceful behavior and coordinates with Washington. In a Fox News interview on June 29, Trump dismissed claims that Iran removed uranium before a U.S. strike, calling it logistically difficult. He also highlighted Iran as the main obstacle to peace in the Middle East and expressed hope that Iran might join the Abraham Accords in the future.