News

The White House proposes to cut NASA's budget by 23% in 2027 to support increased defense spending.

A U.S. judge refuses to reopen the investigation into Federal Reserve Chairman Jerome Powell.

The White House once again proposed to Congress to drastically cut NASA's scientific research funding by nearly half.

German Geoscience Research Center GFZ: A 5.93-magnitude earthquake occurred in the Hindu Kush region of Afghanistan.

The U.S. Embassy in Lebanon said Iran and its allied armed groups may be planning to target Lebanese universities.

[Fed Daley: The Fed should focus on the employment rate rather than the number of jobs] Fed Daley said that the economy does not need to create as many jobs as before to maintain the same proportion of population employment. In this environment, monthly hiring data no longer provide the most accurate reflection of the health of the labor market. The unemployment rate may be a better measure. "Rats and indicators such as the employment-to-population ratio, the unemployment rate, separation rates or hiring rates can capture changes in the size of the labor force and provide a clearer picture of the health of the labor market," she said.

Fed Daley: Zero or negative (employment) growth does not necessarily mean a weak economy.

Fed's Daley: Slowing labor force growth means slower job growth.

Iran reported that a U.S. F-16 fighter jet declared a state of emergency over Saudi Arabia.

Turkish Presidential Palace: Turkish President Erdogan said in a phone call with Russian President Vladimir Putin that Turkey is maintaining contact with all parties to prevent the situation in Iran from getting out of control further.

According to Nikkei: The Prime Minister of Japan seeks to discuss with Australia on strengthening the supply chain of rare earth elements and cooperating on safe navigation in the Strait of Hormuz.

According to Nikkei: Japanese Prime Minister Takaichi Sanae plans to visit Australia to discuss rare earth matters.

"Fed Speaker" Nick Timiraos: The decline in average weekly working hours in the United States in March led to little growth in the composite weekly earnings index of private sector workers (which combines hiring, wages and working hours). Its 12-month rate of change edged down to 3.9%.

According to Iranian Press TV citing Iranian officials, Iran can maintain the closure of the Strait of Hormuz for many years and will cut off U.S. military logistical support.

"Fed Speaker" Nick Timiraos: The U.S. unemployment rate is 4.256%, which has remained significantly stable over the past two years with very small fluctuations, after rising from a low of 3.5% in 2023. The number of permanently unemployed people fell slightly in March.

NATO stated that the Secretary-General of NATO will visit the United States from April 8 to 12 and meet with US President Trump, Secretary of State Rubio, and Secretary of Defense Hegseth.

According to CNN, citing White House Press Secretary Levitt, US President Trump has been informed of the incident where Iran shot down a drone.

Ukrainian President Zelensky: Egyptian President Sisi said that Egypt will stop buying grain seized by Russia.

Market news: The leaders of Russia and Türkiye held talks on Ukraine and Black Sea shipping issues.

Trump's budget proposes to provide the USDA with $20.8 billion in discretionary budget authority, a decrease of $4.9 billion, or 19%, from the fiscal year 2026 level.