A defiant President Joe Biden vowed Wednesday to keep running for reelection, rejecting growing pressure from Democrats to withdraw after a disastrous debate performance raised questions about his readiness to keep campaigning, much less win in November. Watch in for more details!

US: Joe Biden puts speculations to rest, says in the race till the end

US: Joe Biden reassures top democrats he is fit for election

Legendary musician and philanthropist Sir Elton John is teaming up with eBay for a clothing sale like no other. The two have officially announced the "Rocket Man Resale," where John will sell clothes from his Atlanta treasure trove through his eBay account.

Elton John is auctioning off his iconic wardrobe

US: Elton John auctions his iconic clothing for his charity

Thousands of people have been ordered to evacuate as a wildfire rages out of control in northern California. More than 3,500 acres or 1,400 hectares of grass and woodland have been consumed since Tuesday when a blaze erupted just outside Oroville...

California wildfires: More than 3,500 acres of land consumed

US President Joe Biden is slated to meet Democratic Governors today to reassure them of his competence and address escalating discontent among Party leaders. Watch in for more details!

US: Top democrats want Joe Biden out

A travel vlogger from the United States recently said that she was "blown away by the affordability and quality of Indian healthcare." Watch in for more details!

American vlogger amazed by Indian healthcare, says 'it's incredible'

New satellite photos have revealed that China has been rehearsing assault on American F-35 and F-22 fighter jets.

Gravitas: China rehearses hitting US fighter jet bases, new satellite images show

US President Joe Biden privately mentioned that he is considering whether to continue his presidential campaign or step aside for another candidate, according to a media report on Wednesday. Watch in for more details!

BREAKING: Biden tells ally that he might not be able to salvage his candidacy, says report

Is President Joe Biden a winnable candidate for the Democrats in the 2024 Presidential Elections? That is the question American voters are asking after his performance in last week's Presidential debate with Republican rival Donald Trump. Latest surveys show how support for Biden is on the decline, raising alarm bells within his party. With one of his party's lawmakers demanding he step aside.

Gravitas: Can Biden wing it for the Democratic party?

US President Joe Biden has attributed his lacklustre debate performance to pre-debate travel fatigue, claiming he "almost fell asleep on stage."

Meanwhile, the prolonged Israel-Hamas conflict has severely affected Gaza's children, leading to dangerous skin diseases.

In India, a bus carrying Amarnath Yatra pilgrims suffered brake failure, causing several to jump from the moving vehicle, resulting in ten injuries.

Ivanka Trump, the daughter of Donald Trump while&nbsp;speaking about her father's conviction during a podcast, expressed her disillusionment with politics, describing it as a "dark" and "negative" world, which she left to protect her children.

Finally, Hurricane Beryl caused significant devastation in the Caribbean Islands, leaving five people dead.

Click on the headlines to read more

<a href="https://www.wionews.com/world/almost-fell-asleep-on-stage-biden-blames-pre-debate-travel-for-subpar-performance-737287">‘Almost fell asleep on stage’: Biden blames pre-debate travel for subpar performance</a>

<img alt="main img" src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/06/29/440610-biden-4.png?imwidth=400" />

US President Joe Biden and former President Donald Trump faced each other in the presidential debate on Thursday (June 27). The debate, which was supposed to be critical for the upcoming November elections, was eye-opening but for different reasons.

<a href="https://www.wionews.com/world/israel-hamas-conflict-children-in-gaza-hit-hard-by-skin-diseases-amid-prolonged-war-737283">Israel-Hamas conflict: Children in Gaza hit hard by dangerous skin diseases amid prolonged war</a>

<img alt="main img" src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/07/03/441309-new-wion-2024-07-03t084726105.jpg?imwidth=400" />

The cost of war is heavy, and for the innocent, it is back-breaking. In Gaza, the Israel-Hamas war that has already stretched to over eight months has&nbsp;given way to dangerous skin diseases among children.

<a href="https://www.wionews.com/india-news/amarnath-yatra-horror-brakes-fail-pilgrims-jump-from-moving-bus-10-injured-737275">Amarnath Yatra horror: Brakes fail, pilgrims jump from moving bus; 10 injured | Video</a>

<img alt="main img" src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/07/03/441304-untitled-design-10.png?imwidth=400" />

The Indian Army and Jammu and Kashmir Police averted a major mishap after a bus carrying pilgrims of the Amarnath Yatra lost control on National Highway 44 in Ramban district on Tuesday. The bus, moving from Amarnath to Hoshiarpur, reportedly suffered brake failure. The pilgrims were from Punjab.

<a href="https://www.wionews.com/world/politics-is-a-dark-and-negative-world-left-it-to-protect-my-kids-says-ivanka-trump-737289">Politics is a 'dark' and 'negative' world, left it to protect my kids, says Ivanka Trump</a>

<img alt="main img" src="https://cdn.wionews.com/sites/default/files/styles/story_page/public/2024/07/03/441311-ivanka-trump.png?imwidth=400" />Former US President, Donald Trump's daughter, Ivanka Trump has spoken&nbsp;up on her dad's conviction for the first time. Speaking on a podcast, Ivanka said "it’s painful to experience, but ultimately, I wish it didn’t have to be this way."&nbsp;

Watch |&nbsp;Hurricane Beryl wreaks havoc in Caribbean Islands, 5 dead

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/hurricane-beryl-wreaks-havoc-in-caribbean-islands-5-dead-737295/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

US President Joe Biden has attributed his lacklustre debate performance to pre-debate travel fatigue, claiming he "almost fell asleep on stage." Meanwhile, the prolonged Israel-Hamas conflict has severely affected Gaza's children, leading to dangerous skin diseases.

US President Joe Biden has attributed his lacklustre debate performance to pre-debate travel fatigue, claiming he "almost fell asleep on stage." Meanwhile, the prolonged Israel-Hamas conflict has severely affected Gaza's children, leading to dangerous skin diseases. In India, a bus carrying Amarnath Yatra pilgrims suffered brake failure, causing several to jump from the moving vehicle, resulting in ten injuries. Ivanka Trump, the daughter of Donald Trump while speaking about her father's conviction during a podcast, expressed her disillusionment with politics, describing it as a "dark" and "negative" world, which she left to protect her children. Finally, Hurricane Beryl caused significant devastation in the Caribbean Islands, leaving five people dead. Click on the headlines to read more ‘Almost fell asleep on stage’: Biden blames pre-debate travel for subpar performance US President Joe Biden and former President Donald Trump faced each other in the presidential debate on Thursday (June 27). The debate, which was supposed to be critical for the upcoming November elections, was eye-opening but for different reasons. Israel-Hamas conflict: Children in Gaza hit hard by dangerous skin diseases amid prolonged war The cost of war is heavy, and for the innocent, it is back-breaking. In Gaza, the Israel-Hamas war that has already stretched to over eight months has given way to dangerous skin diseases among children. Amarnath Yatra horror: Brakes fail, pilgrims jump from moving bus; 10 injured | Video The Indian Army and Jammu and Kashmir Police averted a major mishap after a bus carrying pilgrims of the Amarnath Yatra lost control on National Highway 44 in Ramban district on Tuesday. The bus, moving from Amarnath to Hoshiarpur, reportedly suffered brake failure. The pilgrims were from Punjab. Politics is a 'dark' and 'negative' world, left it to protect my kids, says Ivanka Trump Former US President, Donald Trump's daughter, Ivanka Trump has spoken up on her dad's conviction for the first time. Speaking on a podcast, Ivanka said "it’s painful to experience, but ultimately, I wish it didn’t have to be this way." Watch | Hurricane Beryl wreaks havoc in Caribbean Islands, 5 dead

Morning news brief: Biden reveals reason for abysmal debate performance; Children suffering in Gaza, and more

Jerome Powell, US Federal Reserve chair, maintains his hawkish stance on interest rate cuts despite falling inflation.&nbsp;

Central bankers still foresee three interest-rate cuts before the end of 2024, but leaders are waiting and watching for more data to confirm inflation continues to slow.

Policymakers Monday stressed that they want to see proof that inflation is definitively on its way back to the Fed's target of 2 per cent before they ease off on borrowing costs.

Here is a look at some of the key economic indicators the Fed is keeping a close eye on.

Employment

The economy created a healthy 303,000 jobs in February, above expectations.

Payrolls for the prior two months were also revised higher. The jobless rate surprisingly fell to 3.8 per cent, the 26th consecutive month it has been below 4 per cent — the longest streak since the 1960s.

Meanwhile, inflationary pressures remained muted as wages only rose 3.4 per cent on a year-over-year basis. Richmond Fed President Thomas Barkin said, "The data pointed to a 'quite strong jobs report'.

The Fed appears increasingly confident that further job growth might not prevent inflation from falling lower, especially if labour supply increases and wage growth moderates.

Both these factors occurred in March in the way that the Labour force developed at the fastest pace since August and annual wage growth softened to the lowest since June 2021.

But wage growth remains above the 3.0 per cent-3.5 per cent range that most policymakers believe aligns with the Fed's 2 per cent inflation target.

Available Positions

The JOLTS is closely watched by none other than Federal Reserve Chair Jerome Powell, coming from the United States Department of Labour.

The JOLTS is a measure of the labour supply-demand imbalance that indicates how many openings exist for every unemployed person actively looking for work.

This ratio had been rapidly falling toward pre-pandemic levels; however, since October, it has consistently remained high within the range of 1.35 – 1.43, considered way above pre-pandemic levels of 1.2 to 1.

February's figures were the latest available, and they showed that the ratio had decreased as the number of job seekers climbed, pushing up the jobless rate.

Quits rate, another measure aside from the ones mentioned in JOLTS, has shown some returning to pre-pandemic levels.

Inflation

Fed follows the inflation measures set by the Personal Consumption Expenditures price index and also has a target rate using the same measure.

The PCE index rose at a 2.5 per cent annual rate in February, up from 2.4 per cent in January.

Core inflation, excluding volatile food and energy prices, rose at a 2.8 per cent rate, down slightly from the upwardly revised January figure of 2.9 per cent.

Neither figure inspires strong confidence among Fed policymakers regarding a consistent decline in inflation towards their target.

The Consumer Price Index data was also worrying. The CPI gained 3.2 per cent on year in February, topping forecasts and the 3.1 per cent rise the previous month.

However, core CPI fell only a bit to 3.8 per cent from 3.9 per cent, excluding food and energy costs, a possible indicator that the Fed has a long fight with inflation ahead.

Not having to factor in huge increases for gasoline, which accounted for over half the increase, and housing, which was a big contributor to overall expense increases, ups the CPI.

It remains to be seen if asset-price inflation in housing will do the Fed's bidding—taper down—anytime soon.

(With inputs from Reuters)

Jerome Powell, US Federal Reserve chair, maintains his hawkish stance on interest rate cuts despite falling inflation. Central bankers still foresee three interest-rate cuts before the end of 2024, but leaders are waiting and watching for more data to confirm inflation continues to slow.

Jerome Powell, US Federal Reserve chair, maintains his hawkish stance on interest rate cuts despite falling inflation. Central bankers still foresee three interest-rate cuts before the end of 2024, but leaders are waiting and watching for more data to confirm inflation continues to slow. Policymakers Monday stressed that they want to see proof that inflation is definitively on its way back to the Fed's target of 2 per cent before they ease off on borrowing costs. Here is a look at some of the key economic indicators the Fed is keeping a close eye on. Employment The economy created a healthy 303,000 jobs in February, above expectations. Payrolls for the prior two months were also revised higher. The jobless rate surprisingly fell to 3.8 per cent, the 26th consecutive month it has been below 4 per cent — the longest streak since the 1960s. Meanwhile, inflationary pressures remained muted as wages only rose 3.4 per cent on a year-over-year basis. Richmond Fed President Thomas Barkin said, "The data pointed to a 'quite strong jobs report'. The Fed appears increasingly confident that further job growth might not prevent inflation from falling lower, especially if labour supply increases and wage growth moderates. Both these factors occurred in March in the way that the Labour force developed at the fastest pace since August and annual wage growth softened to the lowest since June 2021. But wage growth remains above the 3.0 per cent-3.5 per cent range that most policymakers believe aligns with the Fed's 2 per cent inflation target. Available Positions The JOLTS is closely watched by none other than Federal Reserve Chair Jerome Powell, coming from the United States Department of Labour. The JOLTS is a measure of the labour supply-demand imbalance that indicates how many openings exist for every unemployed person actively looking for work. This ratio had been rapidly falling toward pre-pandemic levels; however, since October, it has consistently remained high within the range of 1.35 – 1.43, considered way above pre-pandemic levels of 1.2 to 1. February's figures were the latest available, and they showed that the ratio had decreased as the number of job seekers climbed, pushing up the jobless rate. Quits rate, another measure aside from the ones mentioned in JOLTS, has shown some returning to pre-pandemic levels. Inflation Fed follows the inflation measures set by the Personal Consumption Expenditures price index and also has a target rate using the same measure. The PCE index rose at a 2.5 per cent annual rate in February, up from 2.4 per cent in January. Core inflation, excluding volatile food and energy prices, rose at a 2.8 per cent rate, down slightly from the upwardly revised January figure of 2.9 per cent. Neither figure inspires strong confidence among Fed policymakers regarding a consistent decline in inflation towards their target. The Consumer Price Index data was also worrying. The CPI gained 3.2 per cent on year in February, topping forecasts and the 3.1 per cent rise the previous month. However, core CPI fell only a bit to 3.8 per cent from 3.9 per cent, excluding food and energy costs, a possible indicator that the Fed has a long fight with inflation ahead. Not having to factor in huge increases for gasoline, which accounted for over half the increase, and housing, which was a big contributor to overall expense increases, ups the CPI. It remains to be seen if asset-price inflation in housing will do the Fed's bidding—taper down—anytime soon. (With inputs from Reuters)

US Fed holds rates steady, waits for confirmation on inflation retreat

US Elections 2024: One in three democrats say Biden should step aside: Ipsos Poll

Donald Trump's sentencing for his conviction on criminal charges stemming from hush money paid to a porn star was delayed on Tuesday until Sept. 18, less than seven weeks before the US election. Watch in for more details!

US: Donald Trump's hush money sentencing delayed after immunity decision

Some elected Democrats have raised fresh questions on Tuesday (2 July) about Joe Biden's 2024 re-election bid, with one calling for him to step aside, a shift after many defended him in the wake of last week’s shaky debate performance. Watch in for more details!

US: Biden faces Democrats' doubts; White House comes to Biden's defence

US: Biden to meet democratic governors, Will Biden agree to sit out?

Donald Trump's sentencing for his conviction on criminal charges stemming from hush money paid to a porn star was delayed on Tuesday until Sept. 18, less than seven weeks before the US election.

US: Donald Trump's hush money sentencing delayed to September, weeks before US election

US: Biden faces growing doubts from Democrats post-debate

US: Trump's Hush Money sentencing delayed after immunity decision, earlier set for July 11

Headlines of the hour: - Gantz slams settler attack on IDF - Taliban prisoner swap with US - Japan sterilisation law struck down - India stampede: Hunt on for 'Godman' - Egyptian cabinet rejig likely today - Flash floods in Northeast India - South Korea fines Credit Suisse

Egypt cabinet rejig likely today | Flash floods in Northeast India

US: Joe Biden to meet Democratic Governors today, will Biden agree to sit out?

Headlines of the hour: - India stampede: Hunt on for 'Godman' - Saudi revokes Kerala man's death penalty - Gantz slams settler attack on IDF - Taliban prisoner swap with US - UK Election campaign in final hours - Boris Johnson joins Tory campaign - Egyptian cabinet rejig likely today - Who is high income in Russia?

India stampede: Hunt on for 'Godman' | Saudi revokes Kerala man's death penalty

A US attorney has told a federal court that Pakistani-origin Canadian businessman Tahawwur Rana is extraditable under the plain provisions of the US-India extradition treaty.

26/11 accused Tahawwur Rana 'extraditable' under US-India extradition treaty

US attorney: 26/11 terrorist Rana extraditable under US-India extradition treaty

US: Biden to meet Democratic governors today

In a notable shift in educational and immigration policy, the United States is actively seeking to increase the number of STEM (Science, Technology, Engineering, and Mathematics) students from India while limiting access for Chinese students to certain technological programs.

US willing to intake more STEM students from India than China

The US manufacturing sector is facing challenges as new data reveals a continued downturn in weak demand. According to a report released by the institute for supply management...

US manufacturing activity contracts again

Is a war between Israel and Hezbollah inevitable? Despite efforts by the U.S. to tamp down the possibility of a full-blown war, all signs on the ground point to it. On Monday, U.S. Secretary of State, Antony Blinken said that Israel has effectively lost sovereignty in the northern part of its country. Is Blinken admitting that Israel has lost control of a part of its territory to Hezbollah? Will Israel avenge this by invading Lebanon where Hezbollah is based? Tune in to #Gravitas at 9 PM IST to find out more.

Gravitas: Israeli invasion of Lebanon inevitable? Conflict with Hezbollah edging toward all-out war?

U.S. Deputy Secretary of State Kurt Campbell announces a shift in focus towards recruiting more STEM students from India rather than China due to security concerns and efforts to protect sensitive technology. Discover how India is seen as a key U.S. security partner, and strengthening educational ties with Indian students is expected to bolster the U.S.'s position in global technology sectors.

Gravitas: Friction between US & China reflects in US universities

Multiple US military bases in Europe, including the US Army garrison in Stuttgart, Germany, were placed on high alert over the weekend due to potential terrorist threats targeting US military personnel or facilities. Watch in for more details!

US military raises threat alert across bases in Europe

An airman was killed and five others were injured in a June 29 vehicle accident at Malmstrom Air Force Base, Montana. Watch in for more details!

Airmen killed in motor vehicle mishaps at Malmstrom Air Force Base

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