All three major U.S. stock indexes closed at record highs on Wednesday, fueled by a strong rally in technology shares and encouraging comments from Federal Reserve Chair Jerome Powell. Salesforce’s positive earnings report and upbeat market sentiment contributed to the surge, while Powell’s remarks on the economy provided an additional boost.
Although President-elect Donald Trump has yet to take office, the promise of stricter border enforcement is already deterring many would-be illegal immigrants from attempting to enter the United States. According to reports, a growing number of migrants stranded in Mexico are seeking to return to their home countries, disillusioned by the risks and dwindling opportunities to cross the border under Trump’s upcoming administration.
President-elect Donald Trump has tapped Monica Crowley for several prominent positions in his administration, including Ambassador, Assistant Secretary of State, and Chief of Protocol of the United States. Trump made the announcement on Wednesday via Truth Social, emphasizing her critical role in representing the U.S. at major international events during his upcoming presidency.
The corruption trial of former Illinois House Speaker Michael Madigan continues to unfold with significant testimonies and evidence presented by federal prosecutors. Madigan, along with co-defendant Michael McClain, faces 23 counts of bribery, racketeering, and official misconduct tied to an alleged scheme referred to as the "Madigan Enterprise."
Research by Steven Camarota from the Center for Immigration Studies highlights the significant growth in the United States' foreign-born population, driven by both legal and illegal immigration under the Biden administration. The study projects that if current immigration levels persist, the foreign-born population could exceed 82 million by 2040.
Special counsel David Weiss has asked a California federal court not to dismiss the tax charges against Hunter Biden, despite President Joe Biden’s sweeping pardon of his son. In a motion filed Monday, Weiss argued that the charges should remain on the public record, even if the case is formally closed.
Sen. Ted Cruz, R-Texas, expressed confidence that President-elect Donald Trump will exercise his pardon authority "legitimately," particularly for peaceful protesters from the January 6, 2021, Capitol events. Speaking on Newsmax’s The Record With Greta Van Susteren on Monday, Cruz differentiated between peaceful demonstrators and those who committed violence, emphasizing accountability for criminal actions.
Washington state lawmakers have long warned of the potential for a budgetary crisis during an economic downturn, even as the state experienced record-breaking revenue growth over the past decade. Today, those warnings have some merit, as the state faces an estimated $10 billion to $12 billion deficit despite maintaining all-time high revenue levels.
The stock market is recording its strongest month this year following President-elect Donald Trump’s victory in the 2024 election, reflecting investor optimism about the economic outlook under the incoming administration.
