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NEW BRUNSWICK, NJ — Rutgers University has officially appointed William F. Tate IV as its 22nd president, marking a significant leadership transition for New Jersey’s flagship public institution. Tate, who previously served as president of the Louisiana State University (LSU) system, will assume his new role on July 1, 2025, succeeding Jonathan Holloway, who led Rutgers for five years. The Rutgers Board of Governors, with the advice and consent of the Board of Trustees, approved Tate’s appointment during a joint meeting on May 19, 2025. Amy L. Towers, Chair of the Board of Governors and co-chair of the presidential search…
U.S. stock markets soared to new heights on Friday, with both the S&P 500 and Nasdaq Composite reaching record levels. The S&P 500 closed at 6,173.07, surpassing its previous peak from February, while the Nasdaq Composite ended the day at 20,273.46, marking a significant rebound from the lows experienced in April . This remarkable turnaround, with the S&P 500 and Nasdaq rebounding over 23.5% and 32% respectively since April, is attributed to a combination of factors. Investor confidence has been bolstered by easing trade tensions, particularly following the U.S.-brokered ceasefire between Israel and Iran, and renewed optimism in the artificial…
In the wake of recent geopolitical events and evolving economic indicators, global investors are reassessing traditional market strategies. The 12-day conflict between Israel and Iran, which concluded with a U.S.-brokered ceasefire, has notably influenced investor behavior, prompting a shift away from conventional safe-haven assets. Safe-Haven Assets Lose Appeal Historically, during periods of geopolitical tension, assets like the U.S. dollar and Treasury bonds have been favored for their perceived safety. However, in this instance, the U.S. Dollar Index (DXY) has declined to a three-year low, registering at 97.254 as of June 27, 2025, reflecting a year-over-year decrease of 8.18% . Simultaneously,…
Paris, France — June 27, 2025 — In a landmark move to bolster clean energy access in developing nations, the World Bank and the International Atomic Energy Agency (IAEA) have announced a strategic partnership aimed at promoting the safe development and financing of nuclear power. The agreement, signed in Paris by World Bank President Ajay Banga and IAEA Director General Rafael Grossi, signifies the World Bank’s renewed commitment to nuclear energy as part of its broader development strategy. This collaboration is set to enhance the World Bank Group’s expertise in nuclear safety, energy planning, and waste management. A key focus…
New York, NY — June 27, 2025 — Prince Harry made a surprise appearance at the 2025 NEXUS Global Summit in New York City, offering a powerful message on the value of service and empathy in leadership. Addressing a room filled with over 350 young philanthropists, entrepreneurs, and global changemakers, the Duke of Sussex shared personal insights during a fireside chat titled “Building Tomorrow: A Conversation on Service, Impact & Collective Action.” The conversation, moderated by NEXUS co-founder and CEO Rachel Gerrol, provided a candid look into Prince Harry’s journey from traditional royal duties to a more purpose-driven path rooted…
On Thursday, June 26, 2025, U.S. stock markets rallied, with major indexes approaching or surpassing record highs. The S&P 500 rose 0.8% to 6,141.02, just 0.05% below its all-time closing high set in February. The Dow Jones Industrial Average gained 0.9% to 43,386.84, while the Nasdaq Composite increased 1% to 20,167.91. The Russell 2000 index, representing smaller companies, climbed 1.7% to close at 2,172.11 . Investor sentiment was buoyed by stronger-than-expected corporate earnings and favorable economic data. McCormick & Company reported adjusted earnings of $0.69 per share and net sales of $1.66 billion for its fiscal second quarter, surpassing Wall…
In its June 18, 2025, meeting, the Federal Reserve opted to keep the benchmark interest rate steady at 4.25% to 4.5% for the fourth consecutive time, navigating a complex economic landscape marked by rising inflation, slowing growth, and political pressures. The decision reflects the central bank’s cautious approach in the face of persistent inflationary pressures and geopolitical uncertainties. Despite President Donald Trump’s public calls for aggressive rate cuts to stimulate the economy, Fed Chair Jerome Powell emphasized the importance of data-driven policy decisions. Economic Outlook and Projections The Federal Open Market Committee (FOMC) released updated projections indicating a challenging economic…
JPMorgan Chase analysts have issued a stark warning about the U.S. economy, forecasting a potential stagflationary slowdown driven by the Trump administration’s aggressive tariff policies. In a report released on June 25, the bank revised its 2025 GDP growth projection downward to 1.3%, a significant drop from the earlier estimate of 2%. The analysts also assess a 40% chance of recession in the latter half of the year, attributing the heightened risk to the impact of tariffs on economic growth and inflation. The concern centers on the administration’s implementation of broad tariffs, including a universal 10% tariff on all imports…
As National Lightning Awareness Week unfolds from June 22 to 28, 2025, State Farm, in collaboration with the Insurance Information Institute (Triple-I), is intensifying efforts to educate the public on the dangers of lightning and the importance of proactive safety measures. This annual observance serves as a critical reminder of the risks associated with lightning strikes and the steps homeowners can take to protect their lives and properties. Lightning, often underestimated as a natural hazard, poses significant threats to both individuals and infrastructure. According to the National Weather Service, lightning fatalities in the U.S. have decreased from about 55 per…
A recent national survey reveals a significant shift in American public opinion, with nearly two-thirds of respondents advocating for a more proactive U.S. role in international affairs. This marks a notable increase from previous years, indicating a growing consensus across political lines on the importance of U.S. engagement in global matters. The survey, conducted by the Ronald Reagan Presidential Foundation and Institute, polled over 1,200 individuals nationwide. It found that 64% of Americans support the United States taking a leadership role in international engagement and foreign affairs, a substantial rise from 54% in the previous year. This upward trend reflects…