Adnan Rasheed
KEY POINTS President Donald Trump and several members of his family have filed a $10 billion civil lawsuit against the Treasury Department and the Internal Revenue Service. Alleging the agencies failed to prevent the unlawful disclosure of his confidential tax records, according to a complaint filed Thursday in federal court in Florida. The lawsuit, brought … Read more
KEY POINTS A moderate earthquake rattled Montana on Thursday, drawing attention from residents across the northern United States and southern Canada. The US Geological Survey (USGS) reported that the quake measured 4.2 magnitude and was centered 7.5 miles northeast of Great Falls at a depth of 6.2 miles. Residents in Great Falls, Sun Prairie, Chester, … Read more
KEY POINTS Mobile app marketing provider Liftoff Mobile said Thursday it is seeking a valuation of up to $5.17 billion as it prepares for an initial public offering in the United States, marking another major listing from private equity giant Blackstone as IPO activity accelerates in 2026. The proposed Liftoff Mobile IPO underscores a broader … Read more
KEY POINTS SPRINGFIELD, Ill. — Former Illinois sheriff’s deputy Sean Grayson was sentenced to twenty years in prison for the fatal shooting of Sonya Massey, a Black woman who called 911 for help, marking one of the most closely watched police accountability cases in the state in recent years. The Sean Grayson sentencing concludes a … Read more
KEY POINTS Patrick James, founder of First Brands Group, and his brother Edward James, a former executive, were indicted Thursday in Manhattan federal court for allegedly defrauding lenders of billions of dollars before the auto parts company collapsed into bankruptcy last year. The indictment, filed by federal prosecutors in New York, alleges a series of … Read more
KEY POINTS Bitcoin hovered near $88,000 at the end of January, risking its first four-month losing streak since the 2018-2019 bear market, as ongoing price declines, institutional activity and US policy ambiguity weigh on market sentiment. The cryptocurrency has declined roughly 36 percent from recent peaks, with October through December 2025 already showing negative returns. … Read more
KEY POINTS US stocks fell sharply Thursday as a steep post earnings drop in Microsoft sent technology shares lower, pulling the Nasdaq Composite and S&P 500 into the red amid heightened geopolitical tensions and cautious Federal Reserve policy signals. The stock market today reflected a decisive shift away from risk as investors reassessed the outlook … Read more
KEY POINTS WASHINGTON — A government shutdown appeared increasingly likely Thursday as Congress remained deadlocked a day before a funding deadline. With negotiations strained by demands for immigration oversight following the killing of an intensive care nurse by Border Patrol agents, according to lawmakers and administration officials. The looming government shutdown has sharpened uncertainty across … Read more
KEY POINTS NEW YORK — Spot gold surged roughly 4 percent on Wednesday, approaching $5,400 an ounce as investors sought refuge amid geopolitical uncertainty and market volatility. The rally extended into late January, drawing renewed interest in silver, platinum, and palladium, while traders weighed the Federal Reserve’s steady interest rate stance against the prospects for … Read more
KEY POINTS Austin, Texas — Tesla Inc. said Wednesday it plans to invest approximately $2 billion in Elon Musk’s artificial intelligence startup xAI, signaling a strategic pivot toward autonomy and robotics as traditional vehicle sales face growing pressure. The announcement accompanies the discontinuation of Tesla’s long running Model S and Model X sedans, which Musk … Read more
