Skip to main content

Featured

5 Things to Know Today: Warsh Takes the Podium as Gas Tax Relief Runs Out

  Friday, August 28, 2026 Markets are in wait-and-see mode this morning ahead of the biggest speech of the summer, while two countdown clocks — one at the pump, one on the trade file — keep ticking closer to zero. Here's what matters for your wallet today. 1. Fed Chair Warsh Gives His First Jackson Hole Speech at 10 a.m. ET Kevin Warsh, three months into the job, steps up to deliver his first extended public remarks as Federal Reserve Chair rather than a post-meeting summary. He's held rates steady at both meetings since taking over from Jerome Powell, and investors are watching for any hint of whether he leans toward treating the current 3.3% core inflation reading as temporary — or toward raising rates further to hit the Fed's 2% target. The backdrop: the 30-year Treasury yield touched a 2007-era high of 5.31% earlier this month, prompting an unusual Treasury Department intervention in the bond market. What it means for you: Long-term borrowing costs (mortgages, lines of...
Post a Comment
Read more

article

Labels

Drone Strike Hits Aid Ship Bound for Gaza, Raising Humanitarian Concerns


A vessel carrying humanitarian aid to Gaza was struck by drones while navigating international waters off Malta early Friday, according to the Freedom Flotilla Coalition, the group organizing the shipment. The attack caused a fire onboard, which was later brought under control, but the ship remains at risk of sinking due to damage sustained in the strike.

The ship, named *Conscience*, was carrying 30 international human rights activists alongside aid supplies intended for Gaza. The coalition reported that the drone strike appeared to have specifically targeted the ship’s generator, leaving it without power and causing a breach in the hull. The vessel issued an SOS distress call, prompting Cyprus to dispatch a rescue vessel to assist.

The incident comes amid heightened tensions surrounding humanitarian aid access to Gaza, where the ongoing conflict has led to severe shortages of food, medicine, and other essential supplies. The Freedom Flotilla Coalition has long campaigned against Israel’s blockade of Gaza, with previous attempts to deliver aid by sea facing similar interventions.

Authorities have yet to confirm who was responsible for the drone attack, and there were no immediate reports of casualties. The Israeli military has not responded to requests for comment regarding the incident. 

The strike has intensified concerns over the safety of humanitarian missions attempting to reach Gaza, as aid groups warn that the humanitarian response in the region is on the verge of collapse. 


Labels:

Comments

Post a Comment