Frederick “Fred” Smith, president and chief executive officer of FedEx Corp., listens during the 2013 IHS CERAWeek conference in Houston, Texas, U.S., on Friday, March 8, 2013.Bloomberg | Bloomberg | Getty ImagesFedEx Corp’s founder and former CEO Frederick Smith, who started the global delivery conglomerate with more than a dozen planes in the 1970s, has died, the company’s CEO Raj Subramaniam said in memo to staff posted on its website on Saturday.Born in 1944, Smith was most recently serving as the firm’s executive chairman and focused on board governance, as well as issues of global importance, including sustainability, innovation and…
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President Donald Trump addressed the nation Saturday evening, hours after the United States attacked Iran, striking three nuclear sites in Fordo, Natanz, and Esfahan.Earlier in the day, U.S. Air Force B-2 stealth bombers left Missouri heading toward the Pacific Ocean. The aircraft are capable of carrying the GBU-57 Massive Ordnance Penetrator (MOP), a 30,000-pound bomb known as the “bunker buster.”Saturday’s attack puts the U.S. in direct armed conflict with Iran, joining Israel’s effort to cripple Tehran’s nuclear program and topple its regime.Subscribe to CNBC on YouTube. Source link
President Donald Trump in the situation room on June 21st, 2025. Source: The White HouseWASHINGTON — Several members of Congress in both parties Saturday questioned the legality of President Donald Trump’s move to launch military strikes on Iran.While Republican leaders and many rank-and-file members stood by Trump’s decision to bomb Iran’s major nuclear enrichment facilities, at least two GOP lawmakers joined Democrats across the party spectrum in suggesting it was unconstitutional for him to bomb Iran without approval from Congress.”While President Trump’s decision may prove just, it’s hard to conceive a rationale that’s Constitutional,” Rep. Warren Davidson, R-Ohio, who usually aligns…
U.S. President Donald Trump disembarks Air Force One as he arrives at Joint Base Andrews, Maryland, U.S., June 21, 2025. Ken Cedeno | ReutersWorld leaders reacted to President Donald Trump’s announcement Saturday that the U.S. had carried out a “very successful attack” on three nuclear sites in Iran, including Fordo.”This is an HISTORIC MOMENT FOR THE UNITED STATES OF AMERICA, ISRAEL, AND THE WORLD. IRAN MUST NOW AGREE TO END THIS WAR,” Trump posted on Truth Social.Here’s how world leaders reacted after the attack.Israeli prime minister Benjamin Netanyahu said “Trump’s bold decision will change history. Speaking minutes after the attack,…
US President Donald Trump speaks during inauguration ceremonies in the Rotunda of the US Capitol on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. Chip Somodevilla | Afp | Getty ImagesFive months ago, President Donald Trump promised to be a peacemaker and a unifier. Tonight, the United States attacked Iran, hitting three nuclear sites in Fordo, Natanz, and Isfahan.In his inauguration speech on Jan. 20, 2025, Trump told Americans: “We will measure our success not only by the battles we win but also by the wars that…
Portraits of Iranian military generals and nuclear scientists, killed in Israel’s June 13 attack are displayed above a road, as a plume of heavy smoke and fire rise over an oil refinery in southern Tehran, after it was hit in an overnight Israeli strike, on June 15, 2025. Atta Kenare | Afp | Getty ImagesPresident Donald Trump on Saturday said the United States attacked Iran, hitting three nuclear sites in Fordo, Natanz, and Esfahan. “We have completed our very successful attack on the three Nuclear sites in Iran, including Fordow, Natanz, and Esfahan,” Trump wrote on social media Saturday.”All planes…
Most people in the early stages of a new romance look for evidence that confirms their compatibility. Not my husband and me.Despite having chemistry, we started with the hypothesis that we weren’t a good match. We would discover a deal-breaker down the road — something big like how much money we wanted to give our aging parents or something small like what temperature room we like to sleep in — that would lead to our demise.At the time, we were both tenured professors in the same academic department at the same university. If things went bust, it would be very…
The crypto industry is on the verge of a major regulatory milestone, and it could lead to digital assets being a significant source of funding for the U.S. government. On Tuesday, the Senate passed the GENIUS Act , which lays out a regulatory framework for stablecoins, sending it on to the House of Representatives with bipartisan support. Treasury Secretary Scott Bessent praised the bill in a post on X , saying that a regulated and growing stablecoin market could create new buyers for U.S. government debt. “A thriving stablecoin ecosystem will drive demand from the private sector for US Treasuries,…
Ken Martin speaks at the Democratic National Committee Winter Meeting at the Gaylord National Resort and Convention Center in National Harbor, Md., on Sat., Feb. 1, 2025.Rod Lamkey, Jr. | AP PhotoThe Republican National Committee has almost five times the cash on hand as its Democratic counterpart, as Democrats seek to regain their footing following a disappointing 2024 cycle.The RNC reported having $72 million on hand at the end of May, compared to just $15 million for the DNC, according to campaign filings out Friday.While the RNC has for months held a cash advantage over the Democratic National Committee, the…
A Walmart store is shown in Oceanside, California, U.S., May 15, 2025. Mike Blake | ReutersWalmart has agreed to pay $10 million to settle a U.S. Federal Trade Commission civil lawsuit accusing the world’s largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of dollars.The settlement was filed on Friday in Chicago federal court, and requires approval by U.S. District Judge Manish Shah.Walmart also agreed not to process money transfers it suspects are fraudulent, or help sellers and telemarketers it believes are using its services to commit fraud.”Electronic…
