Category: News

The U.S. is taking active steps to prevent the collapse of the cease-fire between Israel and Hamas after heavy Israeli airstrikes in Gaza killed more than 100 Palestinians. American officials warned both sides that the truce, brokered by the U.S., must hold. The strikes followed the death of an Israeli soldier, which Israel blamed on Hamas. While fighting paused again, U.S. diplomats emphasized that overly severe retaliation or further hostilities could shatter the deal — and urged calm and dialogue instead.

President Donald Trump announced that the U.S. will share nuclear-powered submarine technology with South Korea, marking a landmark change in military cooperation. He also directed the American military to resume nuclear weapons testing after a 33-year hiatus. These moves signal a sharp pivot in U.S. defense strategy, aiming to strengthen alliances and respond to rival powers’ growing capabilities. The submarine deal opens the door to deeper South Korean-U.S. collaboration, while the testing order challenges long-standing arms control norms.

The Federal Reserve cut its key interest rate to 3.75-4 percent, signalling support as hiring slows. Markets responded instantly — equities climbed and the dollar strengthened. The move marks the second straight monthly rate cut and suggests financial conditions are easing. Treasury yields rose slightly, showing investor caution about growth ahead.

Governor Phil Murphy announced today that his administration is launching a fifth wave of medical debt relief in New Jersey. The program will eliminate millions in unpaid hospital bills for tens of thousands of residents. Families who were previously burdened by high medical costs will see their records cleared. Murphy emphasized that helping people reclaim financial stability is a key aim. This move comes as the state works to ease economic stress and support health-care access for vulnerable communities.

Nvidia stock climbed nearly 5% today after a burst of new deals. The company agreed to help the U.S. Department of Energy build a huge AI supercomputer using over 100,000 of its Blackwell chips. It also invested $1 billion in Nokia to add its AI hardware to next-generation telecom systems. These moves strengthen Nvidia’s position in both government and communication networks. Investors responded quickly, pushing shares higher and showing strong confidence in Nvidia’s growth in the AI hardware market.

The U.S. government said it will tighten rules on selling American technology to China’s police and security forces. Officials found that U.S. companies had sold computer parts and software used to track and watch people in China, including in areas where human rights abuses have been reported. Lawmakers are calling for clear limits and stronger oversight to prevent American tools from being used for surveillance abroad. The new policy aims to keep sensitive technology out of foreign hands and ensure that U.S. products are used for safety, not control.

The federal government shutdown stretched into another day as lawmakers continued to spar over budget priorities. Economists now estimate billions of dollars in lost productivity, delayed pay for federal workers, and ripple effects across local economies. While negotiations have intensified, neither side has yet reached a compromise to reopen agencies. Essential services remain operational, but key programs face mounting strain. Investors are growing anxious, warning that a prolonged shutdown could weaken fourth-quarter growth and shake consumer confidence unless Congress breaks the impasse within the coming days.

The U.S. stock market closed slightly higher on Wednesday, October 29, 2025, as investors weighed strong tech earnings against cautious economic signals. The S&P 500 rose 0.3%, while the Nasdaq gained 0.6%, buoyed by solid performances from major technology firms. The Dow Jones Industrial Average added 0.2%, helped by renewed optimism in industrial and energy shares. Analysts noted that steady corporate results and cooling inflation data have supported market confidence despite lingering concerns about interest rates. Investors are now watching upcoming Federal Reserve remarks for hints about future monetary policy direction.

In the last 24 hours, Israel launched targeted airstrikes in Gaza following a renewed wave of rocket attacks by Hamas militants. The IDF confirmed the strikes focused on key Hamas command centers and weapon storage sites embedded within civilian areas. Israeli officials described the operation as a “measured but necessary response” to ongoing terror threats, emphasizing their commitment to protecting southern communities. Prime Minister Netanyahu reaffirmed that Israel “will not tolerate attacks on its citizens” and called on the international community to hold Hamas accountable for using Gaza’s population as human shields.