Kevin Warsh takes the Fed helm as inflation hits 3.8%, Kyle Busch dies at 41, and Gaza flotilla detainees allege torture and sexual assault — a heavy morning with rate-hike bets, sports grief, and geopolitical fallout to watch through the day.
Two-time NASCAR Cup Series champion Kyle Busch died Thursday at age 41 after being hospitalized with a severe illness. Across 26 seasons he notched a combined 234 wins — the most of any driver in NASCAR’s three national series — and was as famous for his villain persona and signature victory-lane bow as for his on-track dominance.
President Trump is traveling to a Hudson Valley congressional district Friday to promote his tax law alongside Republican Rep. Mike Lawler, testing a midterm message on the economy even as only about one-third of Americans approve of his economic stewardship. The 2025 law quadrupled the state and local tax deduction cap to $40,000, but gasoline prices have surged to $4.55 a gallon amid the Iran war.
President Trump swore in Kevin Warsh as the new Federal Reserve chair Friday morning, replacing Jerome Powell after months of public attacks over interest-rate policy. Warsh inherits a darkening outlook: inflation hit a three-year high of 3.8% in April, and bond traders are fully pricing in a rate hike by December. Senator Elizabeth Warren blasted Warsh as starting his tenure with "credibility in tatters" and accused him of being a "sock puppet" for the president.
SpaceX's IPO prospectus frames Starlink as a tool to 'bridge the digital divide' for over 3 billion people, with Africa as a key testing ground. Satellite internet bypasses costly fiber and tower buildouts, but the expansion risks shifting data revenues and strategic control offshore. South Africa has so far blocked Starlink amid bitter regulatory disputes.
An 81-year-old Arizona grandmother known online as 'GrammaCrackers' was swatted while livestreaming a Minecraft fundraiser for her grandson's cancer treatment. A false caller told authorities she had been shot and killed, prompting more than a dozen officers in tactical gear to storm her home during the stream.
The gunman who killed three men at the Islamic Center of San Diego on Monday had previously alarmed police so deeply that authorities seized his father's guns under a red-flag law. Caleb Vazquez's obsession with mass shooters and Nazism had already prompted reports to authorities, yet he later obtained the weapons used in the attack.
Activists detained during an aid flotilla to Gaza allege they were subjected to sexual assaults, including rape, as well as beatings and Taser attacks in Israeli custody. Organizers say at least 15 people reported sexual violence, several were hospitalized with broken bones, and Italian prosecutors have opened an investigation into kidnapping and torture.
Top tennis players intensified their dispute with the Grand Slams over revenue sharing at the French Open, with Novak Djokovic warning the sport risked "further fragmentation" akin to golf's LIV schism. While top ATP and WTA events return roughly 22% of revenues to players, Grand Slams are estimated to share closer to 15%.
Judith Chalmers, the British television presenter who spent nearly three decades hosting the travel show "Wish You Were Here...?," has died at age 90. Her family said she passed peacefully at home after living with Alzheimer's in her final years, leaving behind "a giant suitcase of the happiest memories."
President Vladimir Putin ordered defense officials to prepare retaliation options after accusing Ukraine of an attack on a college dormitory in Russian-occupied territory that he said killed six people. The Ukrainian strike collapsed a five-storey dormitory in Starobilsk, killing four according to earlier reports.
The World Health Organization has raised the public health risk from the Ebola outbreak in the Democratic Republic of the Congo to "very high," with 482 suspected cases and about 116 deaths reported since April. The outbreak involves the rare Bundibugyo variant, for which there is no proven vaccine or cure.
President Trump abruptly announced plans to send 5,000 troops to Poland on Friday, surprising Pentagon officials who had just canceled similar deployments last week. The move came as Secretary of State Marco Rubio tried to reassure NATO allies that the U.S. remains committed to European security amid concerns over a Russian campaign against the Baltic states. European leaders remain wary after a week of mixed signals on U.S. force posture.
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