A chilling case involving an Italian man allegedly kidnapped and tortured in an upscale Manhattan townhouse underscores a growing threat in the cryptocurrency world—violent physical attacks aimed at stealing digital assets. The crime fits the profile of a so-called “wrench attack,” a term coined from an online comic that highlights how brute force can easily…
Author: Casey Bennett
Casey Bennett brings over 15 years of newsroom experience to their role as Editor-in-Chief at Report Herald. A firm believer that journalism should challenge the status quo, Casey has led award-winning investigations into government accountability, education reform, and media ethics.
Azul Files for Chapter 11 as Pandemic Debt Mounts, Jeopardizing Gol Merger and Investor Confidence
Brazilian airline Azul saw its U.S.-listed shares plummet by around 40% in premarket trading after filing for Chapter 11 bankruptcy protection in the United States. This marks a 70% drop in share value for the year, underscoring the severe financial strain the airline has faced since the pandemic. Despite extensive restructuring efforts, the filing reflects…
Trump Delays EU Tariffs to July 9 After von der Leyen Call, Citing Hope for ‘Serious Negotiation’
President Donald Trump announced on Sunday that he would delay the implementation of proposed 50% tariffs on the European Union until July 9. The tariffs were originally scheduled to take effect on June 1. Trump’s decision came after a conversation with Ursula von der Leyen, President of the European Commission, who requested more time to…
FAA’s Outdated Systems and Staffing Crisis Push U.S. Air Traffic Control to the Brink
In 2024, the FAA supervised nearly 16.8 million flights—over half a million more than the year before—yet it continues to rely on an air traffic control system from the early 1990s. Designed for a far less congested airspace and antiquated by today’s standards, this system struggles to cope with modern aviation demands. Despite increasing air…
Trump Touts $14 Billion U.S. Steel–Nippon Deal Promising Jobs, Despite Security and Union Backlash
Former President Donald Trump revealed a significant partnership between U.S. Steel and Japan’s Nippon Steel, promising to bring $14 billion in investment and at least 70,000 jobs to the American economy. Trump made the announcement on TruthSocial, emphasizing that the investment will primarily occur over the next 14 months and that the headquarters of U.S.…
Trump Threatens 25 Percent Tariff on All Foreign-Made Smartphones, Targeting Apple and Rivals
Former President Donald Trump has escalated his pressure on global smartphone manufacturers by proposing a 25 percent tariff not just on Apple, but on all companies producing smartphones outside the United States. Following his post on Truth Social targeting Apple, Trump clarified in a White House press conference that the tariffs would also apply to…
Court Case Challenges Workday’s AI Hiring Tools Amid Bias and Discrimination Allegations
Workday, a prominent HR software company, is facing a collective action lawsuit in California that could set a crucial precedent on the use of AI in hiring. The legal challenge stems from claims that Workday’s applicant screening technology discriminates against candidates based on age, race, and disability. A federal judge has allowed the case to…
Weak Bond Demand and Surging Yields Signal Investor Doubts Over U.S. Debt and Trump Tax Cuts
The US bond market, typically quiet and stable, has recently sent a strong signal to Washington. During a 20-year Treasury bond auction on Wednesday, demand was unusually weak, the lowest since February. Investors who did buy demanded higher yields, signaling concern about lending to the US government. This weak demand suggests bond investors see increased…
Cigna’s Evernorth Caps GLP-1 Drug Costs at $200 to Spur Employer Coverage Uptake
Only about half of health insurer Cigna’s clients currently provide coverage for the high-cost weight loss drugs Wegovy and Zepbound, both of which fall under the GLP-1 class of medications. These drugs have surged in popularity, but their hefty price tags have made many employers hesitant to include them in their insurance plans. In response,…
Moody’s Downgrade Fuels Market Jitters as U.S. Debt Crisis Signals Structural Economic Shift
The United States is facing significant fiscal challenges, marked by rising debt levels and large budget deficits. Moody’s recently downgraded the U.S. credit rating, citing ongoing fiscal imbalances and ballooning interest costs. This triggered renewed selling in both stocks and bonds, highlighting investor concern about the country’s financial trajectory. Analysts like Kathy Jones from Charles…