Top World News

Sep 2, 2026 - World

In a major LGBTQ+ rights victory, the justice department cannot force the state to ban trans girls from women’s sportsA federal judge has dismissed the Trump administration’s lawsuit challenging California’s policy of allowing transgender youth to play on sports teams that match their gender, a major loss for Donald Trump and the Department of Justice (DoJ).The justice department had been fighting for a year to force California to ban trans girls from women’s sports, with the president directly singling out one trans track and field athlete in online attacks and regularly mocking trans athletes in his speeches. Continue reading...

Sep 2, 2026 - World

Acting secretary picked for top role as critics accuse president of overworking sailors during war with IranDonald Trump said Tuesday that he is nominating acting navy secretary Hung Cao for the permanent job, giving the navy combat veteran the nod as concerns have emerged that some sailors have been stretched to the limit during the Iran war.Cao has been serving as acting navy secretary since John Phelan departed the job unexpectedly and without explanation in late April. Continue reading...

Sep 2, 2026 - World

Two news anchors reacted with alarm to the global bond selloff and mocked the Trump administration's failed response.On Tuesday, CNN anchor Erin Burnett and Richard Quest, the host of Quest Means Business, explained what's happening in the global bond market and why it spells trouble for major economies.Burnett described how "turmoil" like the war in Iran has led to "meaningful economic impacts, and people experience them every single day." Referring to a global bond selloff, Burnett explained, "something happened today in the market that was sort of a five-alarm fire when it comes to where things are going.""It's very concerning because it's the markets telling governments, not just in the United States but also in Europe and in Japan, that their fiscal path is unsustainable," Quest said.Quest explained that investors known as "bond vigilantes" are behind the global selloff, adding that they only "come out of the woodwork when they see government debt or even corporate debt" that they think is unsustainable."They basically ratchet the price down and the yield up," Quest explained. "That's not fine for a company, but that's only a company. In this case, we're talking about the U.S. government debt."Quest noted that Treasury Secretary Scott Bessent tried to quell the turbulent bond markets a couple of weeks ago, but that "seems to have failed because rates are back where they were. The market is basically saying they don't believe what this administration is planning to do."Burnett flagged that as "a hugely significant thing to say" because the Treasury Secretary, along with the Federal Reserve chairman, are people who "the markets have taken very seriously."She also played a clip of Bessent saying, "The U.S. bond market has been the best-performing market since the president came in," which was met with laughter by Quest."He was trying to move the price rather than the fundamentals," Quest said, explaining Bessent's failure. "The best analogy that I can give you for that quote from Bessent is that famous line, 'the cleanest dirty white shirt in the laundry,' and that's what the U.S. is."

Sep 2, 2026 - World

Government talks up pact but Venezuelan opposition alarmed that democracy yet to return after Maduro exitTrump administration officials on Tuesday defended a highly contentious deal giving the US control of a significant chunk of Venezuelan oil reserves, arguing that the sweeping agreement would help stabilize and rebuild democracy in the shattered South American country while giving Washington vital access to strategic crude reserves.Last week, Donald Trump announced a “groundbreaking” deal that would give the US “majority” control over 65bn barrels – roughly one-fifth – of Venezuela’s oil reserves. Continue reading...

Sep 1, 2026 - World

The Wall Street Journal's conservative editorial board warned that rising bond yields carry a message that President Donald Trump ignores at his peril.In a Tuesday editorial, the paper's editors argued that climbing yields on long-dated government debt are not a catastrophe but a long-overdue return to normal, while cautioning that the picture could darken fast if Washington refuses to change course.The board pointed to a global selloff that pushed the 10-year Treasury note to 4.8 percent on Tuesday and drove the 30-year U.S. bond to 5.28 percent. It also lifted Britain's 30-year government bond to its highest level in nearly three decades. Japan's 10-year yield touched a peak unseen in 30 years, The Journal noted.Rather than sound an alarm, The Journal celebrated the shift as investors waking from almost two decades of what it called "financial repression," an era of central-bank bond buying and rock-bottom rates that let "spendthrift" governments borrow cheaply and pile on debt.But The Journal conceded the transition carries danger as "some market crack-ups are sure to occur, though who knows where and when." The Trump administration could stave off a reckoning with policies that spur growth, "which doesn't include tax increases or tariffs," according to The Journal.The Journal also noted that federal debt held by the public now equals 100 percent of GDP and annual interest payments have topped $1 trillion, which exceeds the entire defense budget. Neither party will touch the spending on programs like Social Security and Medicare, which is driving the climb, according to The Journal. "The bond vigilantes aren't yet in full cry, but their early murmurs are welcome," The Journal wrote. "They are sending a message to Washington and other Western nations to clean up their fiscal acts."However, "the real worry is if the politicians don't listen," The Journal warned.