Trump rips into ‘too late’ Jerome Powell after Fed holds rates steady

U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee’s statement on interest rate policy in Washington, D.C., U.S., June 18, 2025. Kevin Mohatt | Reuters President Donald Trump ripped into Federal Reserve Chair Jerome Powell on Thursday, calling him “destructive,” after the central bank kept interest rates steady on Wednesday….

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NTSB issues urgent safety bulletin about engines found in some Boeing 737 Max jets

The National Transportation Safety Board (NTSB) issued an urgent safety recommendation Wednesday to modify jet engines on Boeing’s 737 Max airplanes to prevent smoke from entering the cockpit or cabin in certain scenarios. The warning comes after two incidents involving Southwest Airlines planes equipped with CFM International LEAP-1B engines that experienced bird strikes in 2023….

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SpaceX Starship explodes on Texas launch site

SpaceX’s Starship exploded Wednesday night during a test at SpaceX’s Starbase in Boca Chica, Texas.  Around 11 p.m. local time Wednesday, “the Starship preparing for the tenth flight test experienced a major anomaly while on a test stand at Starbase,” SpaceX said in a post on X. “A safety clear area around the site was…

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Social Security trust fund now projected to run dry in 2034, triggering massive benefit cuts

The trustees for Social Security and Medicare released their annual report on the status of the entitlement programs’ trust funds, which are expected to be depleted sooner than previously thought. The Social Security and Medicare trustees “found that the Social Security and Medicare programs both continue to face significant financing issues.” Trustees found that if Social…

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