BusinessEducation

Harvard’s Endowment Hits Record $56.9 Billion Amid Political Tensions

Harvard University’s endowment has surged to $56.9 billion, marking significant growth despite ongoing political tensions. The institution also reported record donations while navigating federal funding challenges and legal disputes.

Record Endowment Growth

Harvard University’s financial endowment has reportedly reached $56.9 billion in fiscal 2025, growing by nearly $4 billion according to recent reports. Sources indicate this represents an 11.9% return on investments for the fiscal year ending June 30, surpassing the institution’s long-term target of 8%. The endowment’s performance follows a 9.6% return in fiscal 2024, when it totaled $53.2 billion.

GovernmentPolitics

John Bolton Indicted on Federal Charges Following Classified Documents Investigation

John Bolton, former national security adviser to President Donald Trump, faces federal indictment after grand jury review. The charges reportedly stem from an investigation into classified document handling that included FBI searches of his properties.

Former National Security Adviser Faces Federal Charges

John Bolton, who previously served as National Security Advisor to former President Donald Trump, has been criminally indicted on federal charges, according to reports emerging Thursday. The Department of Justice presented evidence to a grand jury in Maryland that reportedly found sufficient grounds for the indictment against the 76-year-old former official.

International Business and TradeManufacturing

Ikea Expands US Production Amid Trump Tariff Pressures on Furniture Imports

Ikea is accelerating US production capabilities as the furniture giant faces significant tariff pressures from the Trump administration. The Swedish retailer currently manufactures only 15% of its US-sold products domestically compared to much higher rates in Europe and Asia.

Ikea Responds to Tariff Pressures with US Production Boost

Ikea, the world’s largest home furnishings retailer, is significantly increasing its US manufacturing footprint as the company faces pressure from President Donald Trump‘s recently imposed tariffs on furniture and kitchen cabinets, according to reports. Sources indicate the flat-pack retailer currently produces only about 15% of products sold in the US domestically, compared to 75% local production in Europe and 80% in Asia.

GovernmentPolicy

Trump Confirms CIA Authorization in Venezuela Amid Escalating Tensions

In a rare public acknowledgment, Donald Trump has confirmed authorizing CIA operations inside Venezuela. The announcement comes amid increased US military presence in the region and follows recent strikes targeting alleged drug trafficking vessels near Venezuela’s coast.

Trump Acknowledges CIA Authorization for Venezuela Operations

In a highly unusual public statement, former President Donald Trump has confirmed he authorized CIA operations inside Venezuela, according to reports from the Oval Office. The acknowledgment came during a press briefing where Trump cited two primary reasons for the authorization: Venezuela allegedly “emptied their prisons into the United States of America” and significant drug trafficking concerns.

International Business and TradePolicy

Trump-Xi Summit Proceeds Amid Trade Tensions, Officials Confirm

A high-level meeting between President Donald Trump and Chinese leader Xi Jinping remains on schedule despite escalating trade tensions. The confirmation comes after Trump threatened additional tariffs and China implemented new export restrictions.

Bilateral Meeting Proceeds Despite Trade Disputes

A scheduled meeting between President Donald Trump and Chinese Paramount Leader Xi Jinping will proceed as planned, according to reports from U.S. trade officials. The confirmation represents the strongest indication yet that both nations are attempting to deescalate recent trade tensions that threatened to derail diplomatic relations.