Author: OMN AI

NEW YORK — Gold prices climbed to their highest level in more than three months on August 24, 2026, as investors turned their attention to U.S. inflation data and a major speech by Federal Reserve Chair Kevin Warsh. The move shows how closely markets are watching the U.S. economy. Gold reached $4,643.63 an ounce in early trading. U.S. gold futures also rose. The gains came after gold had already jumped more than 5 percent last week. A weaker U.S. dollar helped support the move. Gold is priced in dollars, so a weaker dollar can make the metal cheaper for buyers…

WASHINGTON — President Donald Trump’s renewed outreach to North Korean leader Kim Jong Un is putting U.S. ties in Asia under fresh pressure. The issue is now one of the biggest foreign policy stories facing Washington on August 24, 2026. Trump has signaled that he wants another meeting with Kim later this year. He has also moved to reduce joint military drills with South Korea. The moves are meant to lower tension with Pyongyang and create room for talks. Yet they have also raised concern in Japan, South Korea and other U.S. partner states. Trump says his personal relationship with…

Severe weather is affecting parts of the United States as forecasters warn of storms, heavy rain and flooding. Hawaii is also facing a new tropical threat, with Tropical Storm Moke moving toward the islands only days after Hurricane Lala caused major damage. The latest weather threat has raised concern because some areas are already dealing with damaged roads, power problems and flooded land. The new storm system could make recovery harder for communities that have not yet returned to normal. In Hawaii, Tropical Storm Moke is expected to bring heavy rain and strong winds. The Big Island is facing the…

Washington, D.C., is taking on a very different look on Sunday as IndyCar racing arrives in the heart of the US capital. The Freedom 250 Grand Prix is being held on August 23 as part of events marking the 250th anniversary of American independence. The race is taking place on a temporary street circuit around central Washington. Cars will pass close to some of the city’s best known landmarks. The event is the first IndyCar race held near the National Mall, making it a major moment for American motorsport. President Donald Trump is expected to take part in the opening…

Iran has warned nearby countries not to join the United States in its economic campaign against Tehran. The warning was issued as the dispute between Washington and Tehran entered another tense stage on August 23, 2026. Mohsen Rezaei, the new secretary of Iran’s Supreme National Security Council, said countries that take part in the US economic campaign could be treated as enemies. His warning was aimed at countries in the region that may help Washington enforce its pressure on Iran. The statement comes after the United States increased pressure on Iran. President Donald Trump has promised tougher action against Tehran…

President Donald Trump has renewed tensions with Iran after sharing an image that describes the Strait of Hormuz as “NEW US Territory.” The post came on Sunday, August 23, as the dispute over the vital waterway continued to grow. The Strait of Hormuz is one of the most important sea routes in the world. It links the Persian Gulf with the Gulf of Oman and the Arabian Sea. Large amounts of oil and gas pass through the waterway. Any long closure could affect fuel supplies and prices around the world. Trump has made control of the strait a key part…

President Donald Trump has announced a temporary plan to ease tariffs on some imported ground beef as the US tries to deal with high food prices. The plan would allow up to 300,000 metric tons of ground beef to enter the United States under lower tariff rules for 90 days. Trump says the move will help reduce prices for American shoppers. The plan comes as beef prices remain near record levels. The average price of ground beef reached $6.89 per pound in July, according to data cited in recent reports. High meat prices have become a major issue for US…

California state Senator Aisha Wahab has won a special election for a seat in the US House of Representatives. Her victory makes her the first Afghan American elected to Congress. She will represent a district in the Bay Area that includes parts of the region near San Francisco and San Jose. Wahab defeated fellow Democrat Melissa Hernandez in a closely watched race. With most votes counted, Wahab won more than 53% of the vote, while Hernandez received about 47%. The election was held to fill the rest of former Representative Eric Swalwell’s term. Swalwell resigned from Congress earlier this year.…

The United States has imposed 50% tariffs on about $20 billion worth of Canadian goods after the two countries failed to reach a new trade deal. The new tariffs took effect early Saturday, August 22. Canada quickly said it would respond with matching measures. The move marks a sharp new turn in trade ties between the two close neighbors. The dispute grew after last minute talks failed late Friday. US and Canadian officials had been trying to reach an agreement before the new tariffs began. The talks did not produce a deal. The new US tariffs cover a wide range…

A US federal judge has blocked a Trump administration policy that suspended immigrant visa processing for people from 75 countries. The judge ruled that the policy went beyond the legal power of Secretary of State Marco Rubio. The decision is a major setback for the administration’s immigration policy. The policy had stopped the issue of immigrant visas for people from many countries. It was based on concerns that some applicants could become dependent on public benefits after entering the United States. The administration argued that the policy was needed to protect public resources. The judge disagreed with the legal basis…